SUMMARY TELOKANDA'S WHITEPAPER

in #telokanda8 months ago (edited)

TELOKANDA.COM

IMG_20191125_192911_142.jpg

Telokanda is a community of brilliant young minds, creatively working together as a smart team to build Telos based projects in order to give more use case to TLOS and add more value to the Telos network.
Telokanda was co-founded by two west Africans (From Nigeria) and an American(USA). Telokanda is a community and is also set to be a (node on Telos Network) composed of both Africans and some other interested folks from across the planet.

“Telokanda is a community that rewards their users with TEDA, KANDA and TLOS for just taking some certain actions on the telokanda platform. The rewards are given with respect to the type of telokanda account a user has and the type of action the user takes on the platform!"
IMG_20191121_101148_714.jpg
The previous post about telokanda had an advertizing model which is now integrated into a sub domain at telokanda as
https://teloverts.telokanda.com or https://adverts.telokanda.com
They will be integrated as we build telokanda

TEDA is the native token of the telokanda platform and it is meant to rewards users respectively for some of the specified actions they take on the Telokanda platforms. TEDA will have a MAXIMUM supply of 100,000,000 and each will be mined socially by actions which will serve as rewards taken on telokanda platforms

KANDA is a steem-engine token meant to reward post shared on the tribe of telokanda, which uses telokanda tags and other telokanda related tags on steemit.

TLOS is the coin of from the TELOS blockchain of which telokanda is being built upon.

Telokanda launches every new projects and ideas birthed from the citizens of telokanda on the Telokanda’s main domain and will also gives accolades to the team behind any project idea launched on telokanda.com, this is to ensure that the platform will become more interactive and will also on board many users into the whole ecosystem.

https://telokanda.com is the domain for the Telokanda main website!

Projects like teloverts which is the social advertising platform for users from across the world uses
https://adverts.telokanda.com nicked Teloverts and it is known to be the first advertisement network on Telos network. It is also the first project that telokanda community will launch.

https://education.telokanda.com nicked Teloducation which would be a place citizens of telokanda (called Telokandans) can get educated about TELOS network, blockchain/cryptocurrencies and cryptocurrency trading. Teloducation will post video contents on YouTube and the URL will be available on education.telokanda.com so Telokandans can click the video, watch and learn about the topic being discussed and will also get rewarded for taking such actions.

https://entertainments.telokanda.com nicked Telotainment will be an entertainment platform that integrates music, comedy, TV shows and other forms of entertainments by Telokandans and for Telokandans, and telokandans that takes parts in creating the entertainment or gets entertains will get rewarded respectively.

https://games.telokanda.com nicked Telogames which will be a social gaming platform for telokandans.

Many more ideas will to come from Telokanda as time goes on.

Each ideas has different purposes and different use cases but each one will always create a new portal for on boarding more people into the cryptocurrency sphere, to buy and hold TELOS native tokens, TLOS in order to add more value to it.

VISION AND MISSION OF TELOKANDA

Telokanda is on a mission to add value to the TELOS ecosystem and also will help increase the market value of TLOS for TELOS investors and holders. Telokanda community will support the the big growth of TELOS by launching great projects which will be beneficial to both the users of telokanda platform (otherwise called telokandans) and the TELOS investors.
Telokanda has vision of creating a decentralized app on the TELOS blockchain that will support the growth of the TELOS network and will add more value to the TLOS tokens by creating more use cases for it.

COINS AND TOKENS ON TELOKANDA AND THEIR USE CASES.

Telokanda is set to use three main tokens and three other useful tokens associated to telokanda tokens and projects on the platform, making it a total of six cryptocurrencies available for transactions on the Telokanda network.

TEDA is Telokanda’s main token, would be used to reward users who makes use of any project launched on TELOKANDA for the specific actions they take. Not all actions might be rewarded and the rewards for each action differs in respect to type of TELOKANDA account and the type of action taken.

TLOS is the coin from the TELOS blockchain of which TELOKANDA is built on, and it is the coin which users of the telokanda network has to buy

KANDA a steem-engine token on steemit owned by TELOKANDA. It is used to reward posts on steemit that uses the Telokanda tags or tags of projects by related to TELOKANDA. Users of telokanda and telokanda associated posts on steemit will also be rewarded with upvotes from @telokanda on steemit.

EOS is a coin used on the EOS network, a sister blockchain of TELOS, which uses eos.io software, same with TELOS.
EOS can be used to purchase TLOS, TEDA and KANDA on the telokanda platform
STEEM is another coin which can be used to purchase tokens on telokanda. TLOS, TEDA and KANDA
BTC the king can also be used to purchase TLOS, TEDA and KANDA on the telokanda network.

TELOKANDA TRIBE ON STEEMIT

Any post on steemit that uses the tags telokanda, kanda, telos, all combined together, will receive an upvote from @telokanda steemit account and will also get rewards with kanda tokens on steem-engine

THE SCOPE OF TELOKANDA

TYPES OF ACCOUNTS ON TELOKANDA

Accounts on TELOKANDA will be called kanda or kandas in plural.
Registering a telokanda account is completely free!
The Users of telokanda network (telokandans) will be given five choices on account activation premier, ranging from kanda 1, kanda 2, kanda 3, kanda 4 and kanda 5

KANDA 1 ACCOUNTS

These are users whose telokanda accounts are holding below 1,000 TLOS tokens (0 - 999 TLOS).
kanda 1 accounts also has five different variations ranging from 1s1 to 1s5
Kanda 1s1 which are ranked as kanda 1 pawns, and they are accounts holding below 1000 TLOS and below 1000 TEDA tokens of telokanda.
Kanda 1s2 which are ranked as kanda 1 bishops, and they are accounts holding below 1000 TLOS of TELOS and from 1000 - 14,999 TEDA tokens of telokanda.
Kanda 1s3 which are ranked as kanda 1 knights, and they are accounts holding below 1000 TLOS of TELOS and from 15000 - 29,999 TEDA tokens of telokanda.
Kanda 1s4 which are ranked as Kanda 1 senators, and they are accounts holding below 1000 TLOS of TELOS and from 30,000 - 44,999 TEDA tokens of telokanda.
Kanda 1s5 which are ranked as Kanda 1 presidents, and they are accounts holding below 1000 TLOS of TELOS and from 45,000 and above TEDA tokens of telokanda.

KANDA 2 ACCOUNTS

These are users whose telokanda accounts are holding from (1000 - 14,999) TLOS tokens.
kanda 2 accounts also has five different variations ranging from 2s1 to 2s5
Kanda 2s1 which are ranked as kanda 2 pawns, and they are accounts holding from 1000 -14,999 TLOS of TELOS and below 1000 TEDA tokens of telokanda.
Kanda 2s2 which are ranked as kanda 2 bishops, and they are accounts holding from 1000 - 14,999 TLOS of TELOS and from 1000 - 14,999 TEDA tokens of telokanda.
Kanda 2s3 which are ranked as kanda 2 knights are accounts holding from 1000 - 14,999 TLOS of TELOS and from 15000 - 29,999 TEDA tokens of telokanda.
Kanda 2s4 which are ranked as Kanda 2 senators are accounts holding from 1000 - 14,999 TLOS of TELOS and from 30,000 - 44,999 TEDA tokens of telokanda.
Kanda 2s5 which are ranked as kanda 2 Presidents are accounts holding from 1000 - 14,999 TLOS of TELOS and from 45,000 and above TEDA tokens of telokanda.

KANDA 3 ACCOUNTS

These are users whose telokanda accounts are holding from (15,000 - 29,999)TLOS tokens
kanda 3 accounts also has five different variations ranging from 3s1 to 3s5
Kanda 3s1 which are ranked as kanda 3 pawns, and they are accounts holding from 15,000 - 29,999 TLOS of TELOS and below 1000 TEDA tokens of telokanda.
Kanda 3s2 which are ranked as kanda 3 bishops, and they are accounts holding from 15,000 - 29,999 TLOS of TELOS and from 1000 - 14,999 TEDA tokens of telokanda.
Kanda 3s3 which are ranked as kanda 3 knights are accounts holding from 15,000 - 29,999 TLOS of TELOS and from 15000 - 29,999 TEDA tokens of telokanda.
Kanda 3s4 which are ranked as Kanda 3 senators are accounts holding from 15,000 - 29,999 TLOS of TELOS and from 30,000 - 44,999 TEDA tokens of telokanda.
Kanda 3s5 which are ranked as kanda 3 Presidents are accounts holding from 15,000 - 29,999 TLOS of TELOS and from 45,000 and above TEDA tokens of telokanda.

KANDA 4 ACCOUNTS

These are users whose telokanda accounts are holding from (30,000 - 44,999) TLOS tokens
kanda 4 accounts also has five different variations ranging from 4s1 to 4s5
Kanda 4s1 which are ranked as kanda 4 pawns, and they are accounts holding from 30,000 - 49,999 TLOS of TELOS and below 1000 TEDA tokens of telokanda.
Kanda 4s2 which are ranked as kanda 4 bishops, and they are accounts holding from 30,000 - 49,999 TLOS of TELOS and from 1000 - 14,999 TEDA tokens of telokanda.
Kanda 4s3 which are ranked as kanda 4 knights are accounts holding from 30,000 - 49,999 TLOS of TELOS and from 15000 - 29,999 TEDA tokens of telokanda.
Kanda 4s4 which are ranked as Kanda 4 senators are accounts holding from 30,000 - 49,999 TLOS of TELOS and from 30,000 - 44,999 TEDA tokens of telokanda.
Kanda 4s5 which are ranked as kanda 4 Presidents are accounts holding from 30,000 - 49,999 TLOS of TELOS and from 45,000 and above TEDA tokens of telokanda.

KANDA 5 ACCOUNTS

These are users whose telokanda accounts are holding from 45,000 and more TLOS tokens
kanda 5 accounts also has five different variations ranging from 5s1 to 5s5
Kanda 5s1 which are ranked as kanda 5 pawns, and they are accounts holding from 45,000 TLOS and above and below 1000 TEDA tokens of telokanda.
Kanda 5s2 which are ranked as kanda 3 bishops, and they are accounts holding from 45,000 TLOS and above and from 1000 - 14,999 TEDA tokens of telokanda.
Kanda 5s3 which are ranked as kanda 3 knights are accounts holding from 45,000 TLOS and above and from 15000 - 29,999 TEDA tokens of telokanda.
Kanda 5s4 which are ranked as Kanda 3 senators are accounts holding from 45,000 TLOS and above and from 30,000 - 44,999 TEDA tokens of telokanda.
Kanda 5s5 which are ranked as kanda 3 Presidents are accounts holding from 45,000 TLOS and above and from 45,000 and above TEDA tokens of telokanda.

Every new user starts as a Kanda 1s1 pawn account until he upgrades to a higher account and will earn free some free TEDA, KANDA and TLOS on signing up.
Totally there are 25 different categories of Kanda accounts.

OVERVIEW

  • Signing up is completely free and Users can sign up using their emails and there will be email verification to aid account recovery in case of lost passwords. SQRL wallets and phone verification will be required.
  • Users will be given unique public account ID and can create User names which will aid some transactions on the telokanda platform.
  • Users will be given referral links after signing up. Hint: referral links will correspond to their unique ID.
  • User will have an e-wallet that will show their balances and will also have records of all their transactions.
  • Users can transfer tokens within themselves with 0 gas fee.
  • Users can fund their e-wallets with other cryptocurrencies based on the options available, and can convert their funds into any of the native tokens like TLOS, TEDA, KANDA, EOS, STEEM.
  • Users can withdraw their funds with any of the withdrawal options available.
  • Users will be able to see how much they have earned for referring other users into the platform. Note that users will be rewarded only 10% of what his/her referred earns in rewards.
    Minimum withdrawals is pegged at $1 worth of the token you are withdrawing and a maximum of $100,000 It will be processed automatically.
    Users can upload their avatar and can also write a little info about them in their bio section.

REFERRAL SYSTEM

Users will be given a referral links that corresponds to their unique ID in order to on board their friends and family (more people) into the platform and each time his/her referred user earns tokens on the platform, he/she will be rewarded 5% of what his/her referred user earns. This 5% of the reward does not in any away affect the real rewards of the referred user.
The refferall system will help make telokanda grow because the 5% rewards is for a whole lifetime, and it is a good lifetime passive income for just referring active users to telokanda.

KANDA ACCOUNT DOWNGRADE

To downgrade a telokanda account from a upper kanda grade to a lower kanda grade, the amount of TLOS or TEDA token a user is holding in his/her account will be divided by 5 and would be released weekly in five different fraction in respect to the amount of tokens being withdrawn, Then within five (5) weeks the TLOS or TEDA tokens the user was holding in his/her kanda account will become available for liquid transactions when they are released.

Note:

The downgrade of any kanda account can be canceled at any time!
Users can choose between which staked tokens to withdraw, TLOS or TEDA and the same downgrade process will take place.

TOKEN ECONOMY/TOKENOMY

The token economy of TEDA a native token on telokanda is used to reward users of the Telokanda platform, to pay for ads, for transactions like bill payments etc. Just like any other currency.
The inflation of this token will be controlled at good annual printing rate, (APR) to avoid hyper inflation.
The rewards in TEDA tokens given to each telokanda user reduces by 5% each KANDA YEAR (each kanda year is made up of 15 months and the TELOKANDA new year start after every 15 months). This will help reduce the printing of TEDA tokens to add more value to it as time goes on.

TLOS - A token on the TELOS ecosystem which will be applied on the TELOKANDA platform. Users will buy and hold them in order to differentiate the different TELOKANDA accounts named from KANDA 1-5
Telos_MarketingSite_TelosIcon_334px.e1e73d7a.png

TEDA - a native token of telokanda created on TELOS blockchain used on the TELOKANDA platform to sponsor ads and to reward users for taking specific actions on the TEDA platform
IMG_20191125_152454_627.jpg

KANDA - a tribe token created on steem-engine meant to reward users who share their post on steemit using the TELOKANDA tag.

STEEM - will be made available on TELOKANDA wallet for transaction.

EOS - made available on the TELOKANDA wallets for transactions BTC - made available on the TELOKANDA wallets for transactions
Empirically 6 currencies will be available for transactions on TELOKANDA Of which TLOS and TEDA are the main tokens in business.

TEDA REWARD SYSTEM

The reward in TEDA tokens which each user of Telokanda receive per specified action on telokanda is calculated this way:
0.5% of the amount of TLOS tokens each user is holding plus a 0.5% of TEDA tokens the user is also holding
Formula: (0.5/100 × amount of TLOS token a user is holding) + (0.5/100 × amount of TEDA tokens a user is holding)
Simply;
(0.005 × amount of TLOS token a user is holding) + (0.005 × amount of TEDA tokens a user is holding) = (n TEDA)
(0.005 × nTLOS) + (0.005 × nTEDA) = nTEDA
where nTLOS and nTEDA represents the number TLOS tokens and TEDA tokens the user is holding

Example:

For a Kanda account holding 1000 TLOS and 1000 TEDA
(0.005 × 1000) + (0.005 × 1000) = (5 + 5) TEDA = 10 TEDA per action for users holding 1000 TLOS and TEDA.
NOTE that users can only be rewarded with respect to their type of kanda accounts for a maximum of 10 actions per day.

BREAKDOWN OF THE MAXIMUM REWARDS FOR EACH KANDA ACCOUNTS

TELOKANDA management rewards a maximum of 10 actions per user in a day following GMT+0, There is no limit to what a Kanda 5 account can earn in a day

EXAMPLE OF THE BREAKDOWN OF MAXIMUM REWARDS WITH KANDA 1 ACCOUNTS

These are users whose telokanda accounts are holding below 1,000 TLOS tokens (0 - 999 TLOS).
Based on the amount of TEDA the kanda account is holding,
kanda 1 accounts also has five different variations ranging from 1s1 to 1s5.

Kanda 1s1 (called kanda 1 pawns) are accounts holding below 1000 TLOS and below 1000 TEDA. The maximum profit that kanda 1 pawns can make in a day is thus;
(0.005 × 999 TLOS) + (0.005 × 999 TEDA) = 4.995 + 4.995 = 9.99TEDA per action and a maximum of 99.9 TEDA a day.

Kanda 1s2 (called kanda 1 bishops) are accounts holding below 1000 TLOS and from 1000 - 14,999 TEDA. The maximum profit that kanda 1 bishops can make in a day is thus;
(0.005 × 999 TLOS) + (0.005 × 14,999 TEDA) = 4.995 + 74.995 = 79.99TEDA per action and a maximum of 799.9 TEDA a day.

Kanda 1s3 (called kanda 1 knights) are accounts holding below 1000 TLOS and from 15,000 - 29,999 TEDA. The maximum profit that kanda 1 knights can make in a day is thus;
(0.005 × 999 TLOS) + (0.005 × 29,999 TEDA) = 4.995 + 149.995 = 154.99TEDA per action and a maximum of 799.9 TEDA a day.

Kanda 1s4 (called kanda 1 senators) are accounts holding below 1000 TLOS and from 30,000 - 44,999 TEDA. The maximum profit that kanda 1 senators can make in a day is thus;
(0.005 × 999 TLOS) + (0.005 × 44,999 TEDA) = 4.995 + 222.995 = 229.99TEDA per action and a maximum of 2,299.9 TEDA a day.

Kanda 1s5 (called kanda 1 president) are accounts holding below 1000 TLOS and from 45,000 TEDA or more. The minimum profit that kanda 1 knights can make in a day is thus;
(0.005 × 999 TLOS) + (0.005 × 45,000 TEDA) = 4.995 + 225 = 229.995 TEDA per action and a maximum of 2,299.95 TEDA a day.
There is no maximum reward for president accounts of any kanda account level and kanda 5 accounts.

The same process for calculating the maximum profit a kanda account can make is shown using the example above which follows the same process for all as far as the correct formula is used to do the calculations.

NOTE THAT EVERY PROJECT LAUNCHED BY TELOKANDA WILL REQUIRE USERS TO HAVE A TELOKANDA ACCOUNT, THE THE SPECIFIED ACTIONS USER TAKES ON THOSE PLATFORMS WILL NOW BE REWARDED IN RESPECT TO THEIR KANDA ACCOUNT.

OUR TEAM

@ackza on steemit
@citimillz on steemit
@empato365 on steemit
@mbj on steemit
We are the among the leaders of the TELOKANDA NETWORK
(@telokanda on steemit and other social media). This white paper is open for criticism and it is subject to adjustment.

This Idea was birthed and written by Emmanuel Patrick Essien (@empato365) on steemit, @withempato on telegram, Instagram and other social media that I have accounts.
BeautyPlusMe_20191121231248_save.jpg

Sort:  

Let's reach out to fellow Africans and ensure a moderate Global Digital Economy with the help of the Telos Blockchain.

Remain Blessed!

Thanks man.
More vibes to keep creating and building.
Thanks to you and @ackza, you guys have really been my strong back up and encouragement.

excellent work, heres 11 tlosp

Thanks a lot man

Looking good! the telegram channel is starting to pick up some important telos officials! http://telokanda.com

Yeah man. We moving.
Telokanda is set to grow big every second.

Thanks for all your support man