Each creator has a corresponding token
Last updated
Last updated
TokTok can have its own unique token, called creator token. Essentially, these tokens are an objective representation of a person's image on a social platform. Users can buy or sell any creator token, and the price of the token rises with the increase in purchase volume and falls with the increase in sales volume. When the user buys, the system will mint the creator currency, and when the user intends to sell, the system will use the lock-up value to buy back from the user and destroy the tokens.
The initial quantity and price of creator tokens are jointly built by creators and fans, and the platform does not have any intervention. When the creation needs to issue creator tokens, there will be a 3-day circulation creation cycle, and creators can communicate with fans. Add liquidity together. When the three-day period expires, the 1 million creator tokens allocated by the system by default will be created with the added platform token TT. The price at this time is the initial price of the creator tokens.
For example, if the creator and the fans have jointly added 1 million TT to the liquidity pool within three days , then the initial price of the creator token of this KOL is: 1,000,000: 1,000,000, that is , 1 creator token is equal to 1 TT, the price of TT varies with the market.
Therefore, if you think a creator has potential and his content will become more and more popular, buy his " Creator Tokens" early, because it will make you profitable.
Creator tokens are a new type of asset class, tied to an individual's talents and abilities. For example, if a creator creates great content and gets a lot of attention, the creator 's token price should increase. Conversely, if he can't create great work, then his token price should be lower. Therefore, early fans who believe in the creator's potential can buy their tokens and share in the creator 's success.