TAIKAI is a hackathon platform that connects companies with talented developers to create solutions. The TAIKAI Garden, a post-hackathon platform, is designed to grow and improve project development through community-driven innovation. It utilizes the TKAI token within a dynamic ecosystem where Project Owners, Mentors, and Farmers collaborate to further grow their projects. TAIKAI Garden’s sustainability is modelled with a Token Engineering systems approach where the native utility token TKAI is used as work token. Inside the ecosystem, participants can assume several roles at the same time, distinguished between:
Project Owners: individual Participants that have initiated a Project and are responsible for developing it.
Mentors: knowledgeable Participants who share insights with the community in an on-demand manner.
Farmers: Participants holding the Validation Threshold and can vote on Projects and Projects Updates and other assessments. They can vote on which they believe to be the most promising Projects and validate/invalidate updates or other assessments.
The ecosystem has 2 main tools: the Mentor's Sandbox, and the Project Sandbox: The Mentors Sandbox showcases the Participants in the ecosystem that provide insights, knowledge, and help to projects. The Project Sandbox is dedicated to showcasing projects within the ecosystem and serves as a platform for aspiring entrepreneurs to develop their ideas into fully-fledged projects with the support of a community.
TKAI is TAIKAI’s native ERC-20 utility token that can be exclusively used on TAIKAI Platform and TAIKAI Garden. TKAI’s utility includes:
Means of exchange: TKAI serve as payment for accessing gated services, such as minting the Project NFT, featuring a Project Update on TAIKAI Platform or on TAIKAI Garden. These payments are deducted from the user's balances and contribute to the TAIKAI treasury as network revenue.
Feeless peer-to-peer interactions: Users will have the freedom to engage in peer-to-peer transactions such as mentorship and donations without any fees charged.
Staking: TKAI can be staked to access several rights while at the same time incentivizing long-term holding and commitment to TAIKAI Platform’s goals.
Access to voting power: Upon staking TKAI, a Wallet becomes eligible to receive veTKAI, and the Farmer will be granted with powers to vote and validate Projects. The TKAI is neither transferable nor tradable since they are locked in the Farmer’s private Wallet.
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