TOKPIE

Overview

TOKPIE is a cryptocurrency token that serves as the native token of the TOKPIE platform, a decentralized cryptocurrency exchange founded in 2018. The TKP token is built on the Ethereum blockchain as an ERC-20 token.

Purpose and Utility

The primary utility of TKP includes: governance rights for platform decisions, fee discounts for trading on the TOKPIE exchange, and participation in the platform's bounty staking services. Token holders can also earn rewards by providing liquidity to trading pairs on the platform.

Business Model Evaluation

The platform operates as a decentralized exchange with additional features like bounty staking and token listing services. The core business activities involve facilitating cryptocurrency trading and exchange services, which align with permissible trading activities under Islamic finance principles.

Development and Platform Activity

The platform maintains regular development updates and improvements to its exchange infrastructure. The project demonstrates ongoing technical development and maintenance of its core exchange functionalities.

Token Distribution

TKP has a total supply of 100 million tokens. While detailed founder allocation information is not publicly available, the token has been actively traded since 2018 with liquidity spread across multiple exchanges.

Current Usage

The token is primarily used for its intended purposes within the TOKPIE ecosystem, particularly for trading fee discounts and platform governance. The exchange maintains active trading volumes and user engagement.