Tokes Platform Transparency Report, October 2017

Q3 2017 Quarterly Summary of Distribution Events

 

Founders’ Balance: 3P4TDSpFFby1BM6vCN45ZS8HyDEJJK7HTQo

Balance (as of 10/06/2017): 2,312,085

Increase in circulation from Founder’s Share: 43,649 TKS

Cause: Distributions paid to project contributors, supporters, bounty members, etc. including a one-time substantial distribution of 25,000 TKS for deal structuring with Herbology Tours

Last transfer from Founder’s Share: 8/31/2017

Last transfer amount: 1,851 TKS

 

Working Capital: 3P5WW7ebPaZF5NXDm1ZZYmrbgFm784tsRPw

Balance (as of 10/06/2017) = 1,554,908 TKS

Increase in circulation from Working Capital: 129,049 TKS

Cause: The bulk of these transactions were the result of private sales to strategic partners. We were able to deploy the income from these sales into various improvements, including our rebranding, website, gateway development, legal representation, and furthering our reach in additional partnerships. The sales consisted of 20,000 TKS on exchanges, 104,000 TKS in direct private sales with vested interests, and a one-time 5,000 TKS contribution to the OCL project.

Last transfer from Working Capital: 10/5/2017

Last transfer amount: 1,133 TKS

 

Reserve Addresses: 5,000,000 TKS each

3PKL7q3BZNPcYWeonymsviG8HxatuiCRqsA

3P8641f34LBg2yATBDabnLwfunrrTM9v9e6

3PKePGMfVpBVEwaQ4RgLBDGfqwSCMB9qm4Q

3PPhBpLRfeS6UckAza7HQJZABEQxaX7nPbE

3PGhC2pKRj8xPnAczsewSPEj9L5PYf6TpXz

3P7E8SNujfAZCN5t5GnBjN7y6fhT2DxFMpK

3P5WJH57r7osrcUhR4tMyYatzXj415n1P2Q

3PQuYvjVpWxX4djXXXcYpdibHCDZUQjSkCE

3PQcRY6iDQ7bm4VvQzJ9nFDUi3x4xAWEw8y

 

Total Circulating Supply: 1,133,007 TKS

Quarterly Inflation Rate: 0.11% per month

Aggregate Inflation Rate (since 1/2017): 0.11% per month

 

Total distribution at Aggregate Inflation Rate: 77.37 years

 


Q2 2017 Recap

For the purposes of both clarity and confidence to those with interest in the success of the Tokes Platform, we will begin producing quarterly transparency reports to discuss non-confidential matters related to the Corporate Reserve balance, transfers, and sales of TKS. These reports will continue into the future until such a time as they are deemed no longer necessary, which can occur under one of several scenarios:

  1. The remaining balance is sold through a secondary offering, either publicly or privately, based on the merits of progress and success of project goals and fundraising necessities
  2. The remaining balance is ‘burned’ through a process of permanently making them irretrievable – an event that would only occur should the Platform be funded sufficiently to persist as a going concern indefinitely
  3. The remaining units are locked up in a smart contract vesting schedule, making them inaccessible until various conditions are met
  4. A combination of any of the above

 

First and foremost, a list of public wallet addresses will follow – you’ll note that the balances are split up across multiple wallets as an added layer of security:

 

Faucet: 3P9uDeYN7kR9UDZQLnxZPY6zyoz2nFwro1V

Balance (as of 6/28/2017) = 0 TKS

 

Working Capital: 3P5WW7ebPaZF5NXDm1ZZYmrbgFm784tsRPw

Balance (as of 6/28/2017) = 1,683,957 TKS

This is the general transaction account. Any trades executed would occur through this address. However, please note that many ICO participants have not claimed their TKS payouts, so most of the transactions out of this address are accounted for as people email support to redeem their purchases.

 

Founders’: 3P4TDSpFFby1BM6vCN45ZS8HyDEJJK7HTQo

Balance (as of 6/28/2017): 2,355,734

This address represents our personal share of TKS. It is also the balance we utilize to compensate various aspects of platform support, partnerships, and contributors to the project. As an example, the faucet is filled using tokens from this address.

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