๐ธTOKENOMICS
TOKEN-BASED BUSINESS MODELS
The tomi network includes a fungible native TOMI token and a set of non-fungible Pioneer NFTs. The TOMI tokens are the native utility and transaction tokens, and the Pioneer NFTs are membership tokens representing the status of the holders as the initial Pioneers who have made the commitment to fund and support tomi in its initial stages.
The TOMI tokenomics system is designed to ensure long-term self-sustainability of the project, guarantee trust in and the longevity of the project and the ecosystem as a whole, to attract and retain users, and to offer compensation and rewards to the contributors and developers of the system.
An important aspect of an ecosystem is whether there is enough utility to provide a strong demand. In order to ensure demand for the tokens, the TOMI tokens include the following utility:
ยท DAO voting and delegation.
ยท Incentivizing key contributing stakeholders (including via the tomiDAOโs treasury).
ยท Disbursements of the development fund (controlled by the tomiDAO).
ยท Payment for domain purchases and hosting.
ยท Payment on products and services in the tomiNet.
ยท Payment of fees related to the tomiNet and ecosystem.
The Pioneer tokens represent the status of the people who made the initial commitment and took initial risks to fund the tomi project in the form of monetary contributions in launching the network. Pioneer tokens will have specific governance powers that the TOMI tokens do not have, specifically the ability to make proposals to the DAO and to determine the technological direction and core tomi team. Over time, the DAO may change the governance structure.
As a growing economy, the tomi economic system is based on ongoing issuance of tokens rather than a fixed-issuance token model. The number of tokens to be issued is predetermined for the first five years. After the first five years, the DAO can change the token issuance policies through proposals supported by a minimum of 500 Pioneers/Members and a vote by a supermajority of TOMI tokenholders.
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