TaleX
TaleX the native cryptographically secure fungible protocol token, and is a TaleX transferable representation of the utility functions with vesting relationships stipulated in the protocol, designed solely for use as an interoperable utility token on the protocol. The token is a functional multi-utility token that will serve as a unit of account and economic incentive to distribute rewards to users and encourage users in the TaleX ecosystem to make efforts toward contribution and participation, thereby establishing a mutually beneficial system in which each participant is fairly compensated for their efforts. The token is an TaleX indivisible and indispensable component, because without the token, users would have no incentive to devote resources to participating in relevant activities or providing services that benefit the ecosystem. Given that the issuance of additional tokens is based solely on users’ actual usage, activities, and efforts on TaleX and/or is proportional to the frequency and volume of transactions, inactive TaleX users and/or holders of the token will not receive any token incentives.
Overview
TaleX the native cryptographically secure fungible protocol token, and is a TaleX transferable representation of the utility functions with vesting relationships stipulated in the protocol, designed solely for use as an interoperable utility token on the protocol. The token is a functional multi-utility token that will serve as a unit of account and economic incentive to distribute rewards to users and encourage users in the TaleX ecosystem to make efforts toward contribution and participation, thereby establishing a mutually beneficial system in which each participant is fairly compensated for their efforts. The token is an TaleX indivisible and indispensable component, because without the token, users would have no incentive to devote resources to participating in relevant activities or providing services that benefit the ecosystem. Given that the issuance of additional tokens is based solely on users’ actual usage, activities, and efforts on TaleX and/or is proportional to the frequency and volume of transactions, inactive TaleX users and/or holders of the token will not receive any token incentives.