AMA RECAP: CRYPTO MINERS X TOKAU

Venue : @Crypto_miners_Community
Date : 1st October, 2021
Time : 1PM UTC

Guest : Mr. DENNIS TOKK

Mr. Dennis shared with us a well detailed insight into the Project and Unique features of Tokau…

SEGMENT 1️⃣ — INTRODUCTION

WOLVERINE | Crypto Miners:
Hello community, welcome to a special AMA session with TOKAU

Now let's welcome our special guest from Tokau Team here to join us.

Dennis Tok:
Hi everybody! I am Dennis from TOKAU

WOLVERINE | Crypto Miners:
So let's start without making much delay!😁
Introduce yourself please. How did you get to be involved in crypto & TOKAU ?

Dennis Tok:
I am the CEO and product manager of TOKAU and based in Japan

because i have been involved in internet and copy right business.

I have known from 2017 that copyright could be protected via blockchain.

NFT technology is perfect

WOLVERINE | Crypto Miners:
Great ! So can you give a brief explanation about 'TOKAU' ? What popped up in your mind to create such a platform in this space?

Dennis Tok:
TOKAU = Tokyo auction,From this name,We can see that our understanding of NFT was very inmature at the beginning,The NFT track is changing really fast,We are constantly improving and our understanding of TOKAU is also constantly improving

Now #TOKAU will become an NFT platform linking celebrities and fans, turning celebrities’ worthy moments, memories, history, and works into digital assets that can be collected by fans, so that celebrities can shine for longer and more long-tail assets can be retained . At the same time, through NFT, fans and celebrities can interact with more content, providing more reliable and convenient liquidity, and using blockchain technology NFT technology to change this huge industry, making celebrities more famous and making fans happier.

We have been in collaboartion with many celebrities all over the world, like Allen Iverson, Snoop Dogg, ian Somerhalde, etc

WOLVERINE | Crypto Miners:
Nice! what are your main features that discern you from other projects and what robust advantages do you have?

Dennis Tok:
Obviously it is the number of celebrities and fans we have signed.
There are more than 60 celebrity NFT targets that have not been sold. The total number of celebrity fans exceeds 160 million. By the end of this year, the number of celebrity fans will exceed 200 million.

WOLVERINE | Crypto Miners:
can you provide an overview on how TOKAU is being used & its Eternal Bond Business Plan?

Dennis Tok:
#TOAKU is the core element of NFT business
Soon ore will appear in the ecology of TOKAU .Ore is the only fuel for most TOKAU NFT interactions. Ore is the ticket for blind box extraction in the US market. NFT+ ore can be exchanged for blind box, NFT+ ore can be upgraded,NFT+ ore can be renamed or Add content, nft pledge can get ore, etc., that is to say, ore is the only fuel for NFT in the sale and purchase stage, upgrade, secondary market, exchange and other applications.
The only source of ore is TOKAU staking. Done

WOLVERINE | Crypto Miners:
Cool! So how has the experience and background of your team been effective in the success of your project so far?

Dennis Tok:
1️⃣ CEO Dennis Tok, Internet experience and IP platform experience over 8 years
2️⃣American partner Miranda, who worked as an executive of CAA before, has a lot of celebrity and celebrity resources
3️⃣Ben, the technical leader, has years of experience in blockchain development and operation
4️⃣ Hassan, who is the founder of Paybby, as a gateway for fiat currency, is a fully licensed Internet bank in the United States

WOLVERINE | Crypto Miners:
can you share more details about the TOKAU Tokenomics,is there any particular vesting schedule if so can you share more about it?

Dennis Tok:
After our EternalBondV1 release, we'll start user incentives token release step by step mentioned in our whitepaper, and increase TOKAU usage scenarios to start buyback and burn. Gradually open the TOKAU payment function of our celebrity series NFT, such as blind box purchase, redemption, etc. Done

I’m willing to answer several work in progress very truthfully, TOKAU pledges ore, NFT pledges ore, NFT sales plan
1. TOKAU staking produce ore. The contract code has been completed. It is currently submitted to an internationally renowned organization for audit. It is expected to be completed in one month. After completion, as the demand for ore increases, a large number of TOKAU staking will be attracted

2. NFT stake produce ore. This contract is expected to take 2 weeks to develop, plus the audit is expected to take 5 weeks. After the contract goes live, NFT can be officially priced, and fans who have purchased NFT can generate revenue through the pledge, and There will be an interesting celebrity-fan interactive gameplay. This interaction is still in the confidential stage. It is hoped that it can be launched in mid-November. The completion of this contract will turn NFT into a daily behavior of ordinary people and make TOKAU great. Demand

3. The celebrity NFT curation and sales. In the next 3 months, we will issue 10 celebrity nft targets, including Allen Iverson, Snoop dogg, Olivia Palermo, Ian Somerhalder, Morgan Freeman, etc. Done

WOLVERINE | Crypto Miners:
Can you share more details about the usage scenario of ore?

Dennis Tok:
*Scenario 1
When you purchase celebrity NFTs which are issued in limited quantity, you can use the Ore NFTto change the name of the exclusive NFT to your preferred name.
*Scenario 2:
When you purchase an NFT that supports synthesis, you can use the Ore NFT to synthesize a new NFT to increase the value of the NFT.
*Scenario 3:
When you purchase an NFT with transfer rights, you can use the Ore NFT to transfer the rights to other users, and other users can get a scarce NFT for free (and the NFT is no longer on sale and can only be obtained through the transfer of rights) .
*Scenario 4:
When you purchase an upgradeable NFT, you can use the Ore NFT to upgrade the NFT you hold, making it more scarce.
*Scenario 5:
When you purchase a celebrity series NFT that is created by everybody, you can use the Ore NFT to change the content of the NFT, thus you become the creator of the celebrity series NFT, and get the royalties generated by the NFT you participated in creation.
*Scenario 6:
If you want to support the star/creator’s NFT issuance project, you can use the mineral NFT to participate in the star/creator’s NFT issuance project IDO. In the NFT project of the star/creator, you will get a corresponding proportion of royalties.
*Scenario 7:
If you want to participate in the decision-making of the star/creator’s NFT project, your ownership of NFR will give you the right to vote for the content and opportunity to manage decentralized project.

*Scenario 8:
When you use tokens/NFT to participate in TOKAU pledge mining, you can use Ore NFT to increase the incentive computing power in pledge mining.

*Scenario 9:
When you participate in lucky draws such as one dollar to win the prize, you can use Ore NFT to increase your chances of winning.

*Scenario 10:
When you participate in the bonus pool activity, you can use the Ore NFT to increase your portion of share in the bonus pool and thus get more bonuses.

*Scenario 11:
When you participate in the blind box purchase NFT activity, you can use the Ore NFT to redeem the blind box NFT to increase the probability of obtaining a scarce NFT.

*Scenario 12:
In terms of NFT sales in the United States, the Ore will be used as a ticket to get a blind box or One dollar to win a prize
Done

The ore contract is still under audit. According to demand, the price is temporarily set at 5 usdt/unit.
stake tokau，produce ore , which can be used by the user or purchased by Tokau project

WOLVERINE | Crypto Miners:
Great so how does tokau staking to affect the currency token price?

Dennis Tok:
1 ore = 5usdt
If Annualized return = 12%, then monthly return rate = 1%
In this way, one ore will attract 500usdt worth TOKAU staking
It is estimated that the monthly demand for ore is more than 3000 piece, that is, more than 15000 u
The usdt value of the staking TOKAU is about 1.5 million usdt
Therefore, I often tell my team that the tokau staking contract is launched , and the power of tokau coin is officially played.
Done

WOLVERINE | Crypto Miners:
Can you explain details more about the work flow and the celebrities that cooperate with TOKAU?

Dennis Tok:
First, we have to confirm if the celebrities' willlingness to create NFT

Then, we will use the tool of twitter audit to evaluate how active their followers/fans are on the social platform

We will negotiate with the celebrities how we divide the profits of NFTs.

Then we will sign contract with the celebrities. After contract, they will provide materilas for us to create NFT

Lastly, we will be focusing on the marketing and sales of NFTs

WOLVERINE | Crypto Miners:
So how long did it take to develop this project? What plans do you have for the future? And what can we expect from TOKAU? If possible could you please share road map with us?

Dennis Tok:
Usually it takes 1-5 years. Masterminds of Hip Hop NFTs lasts 5 years.

I’m willing to answer several work in progress very truthfully, TOKAU pledges ore, NFT pledges ore, NFT sales plan
1. TOKAU staking produce ore. The contract code has been completed. It is currently submitted to an internationally renowned organization for audit. It is expected to be completed in one month. After completion, as the demand for ore increases, a large number of TOKAU staking will be attracted

2. NFT stake produce ore. This contract is expected to take 2 weeks to develop, plus the audit is expected to take 5 weeks. After the contract goes live, NFT can be officially priced, and fans who have purchased NFT can generate revenue through the pledge, and There will be an interesting celebrity-fan interactive gameplay. This interaction is still in the confidential stage. It is hoped that it can be launched in mid-November. The completion of this contract will turn NFT into a daily behavior of ordinary people and make TOKAU great. Demand

3. The celebrity NFT curation and sales. In the next 3 months, we will issue 10 celebrity nft targets, including Allen Iverson, Snoop dogg, Olivia Palermo, Ian Somerhalder, Morgan Freeman, etc.

SEGMENT 2️⃣ — Twitter Q & A

@strategicmonks

About mystery box, tokau’s NFT cards are signed by celebrities which is designed by well-known Japanese game designers. May i know about those different type of NFTs and its demand in the marketplace? What is the unique features tokau NFT cards?

Dennis Tok:
About mystery box,TOKAU’s NFT cards are signed by celebrities which is designed by well-known Japanese game designers. May i know about those different type of NFTs and its demand in the marketplace? What is the unique features TOKAU NFT cards?

We are so excited for designing NFTs for celebrities, and the whole TOKAU team loves the process, every NFT presented to you we spent days and nights to produce it. We are trying to convey the shining star genes in NFTs to every fan.
Because each celebrity’s NFT is their first release on the blockchain, our design concept is also closely based on the popular blockchain game. The mystery box was chosen because its price would be more affordable, with a huge release volume, and easier to promote to fans.
celebrity’s NFT is unique in that it needs to communicate the web2 fan economy fairly and effectively in the web3 network, which is a hurdle for traditional media to cross. We have made many design and pricing adjustments for this purpose.
Done

@_miner_001

The total supply of Tokau is 100 Trillion, it is an high volume. Do you have a burning system to reduce the volume to attract more investors? If yes how often and if it will be automatically, manual, or managed somehow for your governance participants?

Dennis Tok:
TOKAU Tokens will be burnt after we buy it back from the market and the cost is mainly from the revenue of Eternal Bond based NFT.
Tokau will continue to prosper by burning 30% of tokens per fiscal year. Tokau will achieve the effect of basically halving by the end of the second year. The maximum amount of TOKAU tokens we will burn is 90% by the 7th fiscal year) in order to maintain a healthy ecosystem.

The specific combustion will be a part of each NFT sales + regular combustion event + part of TOKAU's ecological income. In the future, after TOKAU ecologically establishes a community governance mechanism, it will introduce community governance burning frequency and activities to manage burning quotas.
Done

@adamjoa46907411

When I check the website I see a word that "MASTERMINDS OF HIPHOP" I want a brief explanation about this & $TOKAU ,partnerships , etc. . kindly share your social medias that I want follow for more information in future..

Dennis Tok:
Masterminds of hip hop is a long-term project co-founded by Tokau and the famous American hip-hop culture producer Mr. Russell Simons. It focuses on the curation and creativity of artists in the field of hip-hop nft. The first phase of nft is currently underway, including famous artists. snoop dogg etc., more well-known artists will join and contribute nft targets in the future, and the project will continue for a long time.
Done

@luckyjem02

How can is #TOKAU get users to bet and hold the native token for predetermined periods of time to reduce volatility, what strategies can they apply to achieve this and if not, how would it affect it?

Dennis Tok:
The application scenarios of ore continue to increase, and the demand for ore continues to increase, which will definitely have a positive impact on $TOKAU
Done

@ebenezeraddo7OO

I would like to know more about the TOKAU NFT Marketplace. What are the requirements to list an NFT? Is there a fee for listing? And does it have to be an NFT created on TOKAU or can we list NFTs already made on an external platform?

Dennis Tok:
Currently, we have issued many NFTs of world-renowned celebrities. So first of all, TOKAU's NFT marketplace will support everyone to create based on these star NFTs and add more crowd-creating NFT resources.
Secondly, in the future, we will also plan to have community users as curators, plan NFTs with different themes for advertisers and celebrities, and sell them on the NFT marketplace.
In the third stage mentioned in the white paper, in the operation model of c to c, we also support users to forge their own NFT and sell it in the TOKAU NFT marketplace.
Of course, when casting NFT, you need to pay a gas fee. This is inevitable.
Done

SEGMENT 3⃣ — Live Q & A

Dennis Tok:
Q1
What is your strategy for building a strong community? Do you agree that the power of community will lead your project to develop globally? What services do you provide to the community?

1. One of our strategies is to build community by airdropping event and give away the celebrities Fan Card to build community

2. We have 160 million fans of the celebrities that in collaboration with us. We will build non-crypto communities.

We do believe the community is quite important. It is the place where celebrities build relationship with fans.

Services: 1. Innovative ways of interaction between celebrities and stars, we will ask the celebrities to sign on their own NFTs, etc.

Q2
How can Creators like me can contribute to the NFT world through Tokau? Does Co - Creation allows multiple creators to work together and create new NFT masterpiece?

We are planning the project of Ian Somerhald NFT. For this project, we will invite creators to participate in the creation of the NFT and also share the profit. It is expected that All NFTs will be able to be recreated and all the creators will be rewarded with the Ores.

Q3
What is your most ambitious goal of Project? We would appreciate it if you could share with us any Upcoming Updates?

Our most ambitious plan is to be the Top 1 Celebrity NFT marketplace with the most celebrities and the most fans, as many as 1 billion fans. Then finally we will realize the NFT that builds the bond between people, fraternal relationship, father and daughter and so on. In this way, NFT will serve us, not only celebrities.

Q4
In how many ways or what are the ways your project generate revenue? What is the revenue model? How it can be beneficial for both investors and for project itself?

We have three models of profit. One is from the sales of NFTs, including mystery box and auction, etc. The second is from the use and sales of ore. The third is the increase of the TOKAU token.

Q5
How can I buy your tokens? Can it be available on any exchange? Do you have semi-private and semi-public events?

You can buy at bakeryswap, and of course you can choose Gate, Lbank, PancakeSwap, MEXC, LATOKEM, CoinW.BKEX Please see our information on CMC.
Regarding semi-private and semi-public events, we are still in the stage of planning. We will announce the details after it is decided. We will consider the feedback and advice from community.

— AMA CONCLUDED —

Follow Tokau here for the Latest Updates…💎

TOKAU Website：https://tokau.io/

TOKAU Telegram：https://t.me/tokau2021

TOKAU Twitter：https://twitter.com/TOKAU_JP

TOKAU medium：https://medium.com/@tokaujapan

TOKAU Instagram: https://www.instagram.com/tokau_jp/

NFTUniverse Discord: https://discord.gg/JTq8M2emDT

Masterminds of hiphop Website: https://www.mastermindsofhiphop.com/

Masterminds of Hiphop Instagram: https://www.instagram.com/mastermindsofhiphop/