TIKU is a young project on a young blockchain — Kucoin Community Chain (KCC). The vision of TIKU is to foster loyalty among its holders by means of the TIKU’s special rewarding system.
As of now, TIKU functions as a reflection token — it gives its holders $KCS rewards that are paid automatically into the holder’s wallet. However, as with all reflection tokens, the amount of rewards depends on the trading volume. This dependence may generally limit the amount of rewards paid to the holders. Additionally, this design of the rewarding system does not encourage the holder to be loyal, as the amount of rewards is dependent only on how many tokens the holder holds and not on how long they have been holding them.
The vision of TIKU
TIKU aims to disrupt the traditional holder rewarding model by implementing its Loyalty Staking Dividends (LSD) program. The LSD program brings a new rewarding model that will favor the most loyal holders. Indeed, the rewards for the holder will increase as the duration of his continuous staking increases.
Furthermore, the program is designed to ensure sustainable rewards, which won’t depend on the trading volume, as opposed to traditional reflection tokens. On the top of that, the LSD program will decrease total supply of TIKU by burning it and also increase the trading volume of TIKU (and consequently also auto-paid rewards).
How will TIKU make this vision a reality?
The design of the LSD program is depicted in the figure below.
The program consists of the following elements/stakeholders with their specific functions:
LSD fund
- earns rewards by staking and farming in multiple pools
- distributes dividends to the holders based on the value of their LSD bags
- buys TIKU token and burns it
- auto-compounds a portion of the fund’s rewards back into the farms
LSD bag
- non-fungible token (NFT) created by staking TIKU
- represents the holder’s share of the LSD fund and voting power in the governance of the LSD fund
- its value grows with its age (and accordingly also holder’s share of the LSD fund)
- once created, more TIKU tokens can be added to the bag only by exchanging the $KCS dividends sent from the fund
Holder
- deposits TIKU to the LSD bag and receives Loyalty Staking Dividends
- decides on whether to claim dividends or exchange them for TIKU to increase the amount in the bag
- votes on the LSD fund investments
Easy-to-use design
We in TIKU strive for simplicity and therefore we designed the LSD program to be as easy as possible to use for our holders. Although the whole LSD program may seem a bit complex, you as a holder have only to simply deposit your TIKU into the LSD bag and by doing so will become a shareholder in the LSD fund. Then, by holding the LSD bag, you will receive dividends from the LSD fund and decide to either claim them or reinvest them into TIKU (which is the only mechanism for increasing the amount of TIKU in the bag). Easy, right?
Let’s foster the loyalty among humans!
TIKU is ready to fulfil its vision as the revolutionary LSD program is being developed and expected to be launched this month. Get ready for the awesome features such as time-based staking, decentralized farming fund governed by the community, sustainable rewards, NFTs generating passive income and more! Become a part of this ride by simply holding TIKU and getting paid for being loyal.
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For more information about the LSD program, please read our docs.
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