TIKU AMA

Aug 10, 2021

Haiku – TIKU AMA

Drunknarwhal ๐ŸŒธ: First of all, thanks for doing this. This is our first Official HaiKU AMA so we appreciate you being the guinea pigs (just kidding). For people who might not be able to attend this session the questions and response will be available on HaiKU.tools after this is over as well as our TG. Thanks again to these awesome Devs and awesome community! Letโ€™s get started.

Drunknarwhal ๐ŸŒธ: Can you tell us about the team, their background, and any information that you think would be important for a first-time investor to know about TIKU.

kefas [Dev of @tikutoken] : Yes, of course, so the TIKU team consists of 6 people as of now.

@Kwazimada is a business development manager for a Fortune 50 company and worked with multiple crypto projects before (e.g. Elongate), in our team he is bringing ideas, doing marketing and negotiates with the potential partners

@thomu_s is a digital creator who is doing a marketing strategies, manages our Twitter account and is a lead of our marketing

Lewis – he’s our community support and is doing the management at on of the biggest UK companies

Tony – he’s our mod

And for the development:

@cryptovvolf – He’s experienced front-end developer with more than 5yrs of experience, working at one of the biggest e-commerce companies and specializing on React,GraphQL and Typescript

me – CS graduate with years of development experience, I developed in lot of languages, from low-level stuff like C to high-level web applications, I learnt Solidity few months ago and really liked it and that’s how the TIKU idea came up and this project started ๐Ÿ™‚

Drunknarwhal ๐ŸŒธ: Wow it sounds like you have some real seasoned veterans working on this project. How did you all link up? Common interest in the crypto space?

kefas [Dev of @tikutoken] : That’s the best part, we started this project actually in 2, just me and Tommy and other guys later joined our team, because they liked what we are doing.

Drunknarwhal ๐ŸŒธ: That’s always a great sign. I know i’ve talked to Tommy and you a few times and the professionalism has always impressed me.

Drunknarwhal ๐ŸŒธ: As far as I know you are one of the only Devs fully doxxed on KCC. Thatโ€™s a bold move by any standards โ€“ what made you decide to go that route?

kefas [Dev of @tikutoken] : When I first visited the KCC I saw that there is lot of scams and rug-pulls. Therefore, I decided to reveal my identity to make it easier for investors to trust our project. I did not have any problem with doxxing myself, because my intentions were to bring good and innovative DeFi project.

Drunknarwhal ๐ŸŒธ: Yeah, I think that’s unfortunately something a lot of us experienced in the early days of KCC. Transparency is always very important especially in the early days so it was a breath of fresh air to see you go that route.

Drunknarwhal ๐ŸŒธ: Hopefully you haven’t had anything to crazy happen from it ๐Ÿ˜…

kefas [Dev of @tikutoken] : Hopefully not haha. But I think everyone who wants his project to succeed has no reason to stay anonymous if they have pure intentions. In the real world, you can’t have anonymous founder of startup ๐Ÿ™‚

Drunknarwhal ๐ŸŒธ: Very true!

Drunknarwhal ๐ŸŒธ: So, one thing I noticed very early on โ€“ย  that I really enjoyed watchingย  โ€“ are how you managed to grow the community organically. In fact, you were the first coin that HaiKU listed pre-launch. Now to the question โ€“ how were you able to achieve that organic growth?

kefas [Dev of @tikutoken] : Great question! We enjoyed watching our community grow as well. I think the growth was determined mainly by the fact that we were transparent about the presale and also proposed a new unique idea that attracted attention of lot of people and then they brought more people with them.

Drunknarwhal ๐ŸŒธ: Yeah that’s definitelyย  what it looked like to me. Whenever we add new projects I try to look for botted TGs. I was pleasantly surprised to see new users trickle in over time.

Drunknarwhal ๐ŸŒธ: Shows serious organic interest!

kefas [Dev of @tikutoken] : [In reply to Drunknarwhal] True, I saw some KCC projects with over 20k members in their Telegram group, which isn’t really possible when we take into account how many wallets are on KCC right now hah.

Drunknarwhal ๐ŸŒธ: Yeah no kidding. I wonder sometimes what they are thinking sometimes. ๐Ÿ˜…

Drunknarwhal ๐ŸŒธ: Now onto the project! I know you have a lot going on besides being a run of the mill earn KCS coin. Tell us about the project and what makes TIKU so unique.

Drunknarwhal ๐ŸŒธ: Now onto the project! I know you have a lot going on besides being a run of the mill earn KCS coin. Tell us about the project and what makes TIKU so unique.

kefas [Dev of @tikutoken] : There is lot of rewarding tokens that pay rewards in the token itself, TIKU pays rewards in KCS. But the unique feature that we are working on is time-based staking that will reward the loyal holders the most, because it’s based on how long the holder has been staking, not just how much tokens they staked.

Drunknarwhal ๐ŸŒธ: Very true about there being a lot of rewards tokens. I think it’s really nice that it’s rewarded in the native token for the chain so there is an element of safety there. How are rewards determined? Are they drive by volume of users trading TIKU?

kefas [Dev of @tikutoken] : The auto-paid rewards are dependent on the trading volume and are paid straight from the transaction fees. For the Loyalty Staking Dividends, we came up with an idea of sustainable rewards that will be totally independent of the trading volume.

Drunknarwhal ๐ŸŒธ: Nice – that’s a one-two punch of value!

Drunknarwhal ๐ŸŒธ: I know you recently partnered up with KuKafe โ€“ how did that come about? What does the partnership entail? Is there potential for additional partnerships down the road?

kefas [Dev of @tikutoken] : Yes! It started by KuKafe Barista messaging me about their interest in creating a TIKU vault at their platform. Then I reviewed their project and really like what they are doing, so we decided to make a partnership. This partnership brought so far an auto-compounding vault that automatically compounds KCS rewards back into TIKU which in the end increases the TIKU holdings! I have to say that the partnership with KuKafe is very good, they are a professional team of hard-working people.

kefas [Dev of @tikutoken] : We are currently talking with some other KCC projects about next potential partnerships, but I won’t say more as the negotiations aren’t final yet ๐Ÿ™‚

Drunknarwhal ๐ŸŒธ: Definitely – i’ve talked to that Dev several times as well and appreciate the zen vibes the Dev gives off. I think right with KCC being under the radar it’s important for projects to work together. I know it tends to feel like a real competition, but I think we can all win and help support each other. Collabs right now are what will help us keep moving KCC in the direction I believe we all want to see it go.

Drunknarwhal ๐ŸŒธ: Awesome to hear about more things down the line. I will definitely be on the look out for them!

kefas [Dev of @tikutoken] :ย  [In reply to Drunknarwhal] I 100% agree with you, I believe that we have to work together and forget about competing for now, the KCC is young and we can get it to the front only by supporting each other.)

Drunknarwhal ๐ŸŒธ: Totally. Always great to talk to people who share that sentiment

Drunknarwhal ๐ŸŒธ: Now for the moment that I have been waiting for (as well as the community) tell us about the LSD platform? Besides being a psychedelic drug, it looks like itโ€™s a psychedelic idea!

kefas [Dev of @tikutoken] : Yes, the idea is to create a sustainable reward system that pays rewards to loyal holders, so called Loyalty Staking Dividends (LSD), and also buys back the TIKU and burns it, which creates more trading volume and increases auto-paid rewards.

That will be achieved by creating a decentralized farming fund, which will have multiple farmable assets bringing sustainable rewards to the fund by staking them in the farms and pools.

These rewards will be then used to pay the LSD to holders, do the buy back and also auto-compound part of it to keep increasing the size of the LSD fund.

Drunknarwhal ๐ŸŒธ: That’s awesome. It’s nice to see Dividends in the crpyto space and the fact that there will be multiple assets is even better. Can we get a sneak peek of 1 or 2 of the assets?

kefas [Dev of @tikutoken] : And the base behind this is called LSD Bag, which is created by staking your TIKU tokens. It’s an unique NFT which represents holder’s share of the LSD fund.

LSD Fund will also be governed by the community by voting. The LSD Bag holders will vote on which farm/pool should the LSD Fund invest in next.

Drunknarwhal ๐ŸŒธ: Awesome to see a community driven fund. Gives people some extra skin in the game. I’m definitely looking forward to the NFT. You guys have some awesome artwork/stickers so far. I hope it’s out of this world!

kefas [Dev of @tikutoken] :[In reply to Drunknarwhal] I would love to give a sneak peek, but the assets are not final yet, but I can say that for the initial assets we are thinking about main pairs of the main KCC DEXes

Drunknarwhal ๐ŸŒธ: Cool – i think that gives us all some type of idea. ๐Ÿค”

Drunknarwhal ๐ŸŒธ: Anything else we should know about the project before we dive into user submitted questions? Roadmap? Marketing? The usual CMC & CG wen? Is a hotdog a sandwich?

kefas [Dev of @tikutoken]: As for the marketing, I will let @thomu_s answer that ๐Ÿ™‚

TIKU โ€“ doxxed โ€“ AUTO KCS REWARDS | LSD for loyal holders : Besides the usual marketing on poocoin.app, TG, Twitter and Reddit, we are working on the LSD campaign that will take place on those platforms and also others (e.g., Youtube). This campaign will introduce the concept of the LSD program, explain how it makes the TIKU project really unique and will take unusual forms to catch investor’s attention.

Drunknarwhal ๐ŸŒธ: Any ETA of when that campaign will launch?

Drunknarwhal ๐ŸŒธ: I assume when LSD is ready

kefas [Dev of @tikutoken] : Yes, I think it will start before the LSD launch.

Drunknarwhal ๐ŸŒธ: Awesome – something else for the community to be on the look out for.

TIKU โ€“ doxxed โ€“ AUTO KCS REWARDS | LSD for loyal holders :

Also, we would like to announce physical wallet giveaway ๐Ÿ”ฅ

 

 

 

 

Drunknarwhal ๐ŸŒธ: Awesome guys – that’s really cool to see and it’s something very practical!

Drunknarwhal ๐ŸŒธ: I like they you have two routes the community can go, but I hope you hit both!

kefas [Dev of @tikutoken] : [In reply to Drunknarwhal] Yes, it’s something everyone in crypto needs!

Drunknarwhal ๐ŸŒธ: Anything else you guys want to cover before we move onto the user submitted questions?

kefas [Dev of @tikutoken] : [In reply to Drunknarwhal] Let’s answer the community questions and if there’s something we forget I will say it after:)

Drunknarwhal ๐ŸŒธ: Sounds good

User Questions:

Drunknarwhal ๐ŸŒธ: Can you provide some incentive to TIKU holders while LSD is being developed by boosting the KuKafe vault?

kefas [Dev of @tikutoken] : Good question. I am actually talking about boosting the TIKU vault with the KuKafe team right now, so it’s quite possible the vault will get the boost in the next days

Drunknarwhalย  ๐ŸŒธ: Great news. Glad to see that something was already in the works.

Drunknarwhal ๐ŸŒธ: Let’s say that I stake 1 million TIKU in an LSD bag from day 1, what % of my rewards do you expect will come from LSD? I know it is difficult to predict because auto-KCS rewards are very volume dependent, but how do you think auto-KCS and LSD rewards should compare ideally, assuming 100% TIKU staking?

Drunknarwhal ๐ŸŒธ: I know this is kind of a tough one since LSD is still a work in progress.

kefas [Dev of @tikutoken] : This is a tough question for sure. But I’ll try to answer it with some presumptions. So, let’s presume there’s 1.5K KCS in the LSD Fund and the weekly return is 15%, that creates 225KCS reward weekly. Next, let’s presume that there is around 200 M TIKU staked in the LSD Bags and the total shares are ~ 600 M, since you created your bag on the first day, at the first payout you will have 7M of shares of the LSD fund, which means your total reward will be 225*7/600 ~ 2.625 KCS on the first payout.

kefas [Dev of @tikutoken] : But this is just estimate and it heavily depends on many factors that can’t be computed in advance, so it’s really hard to answer.

Drunknarwhal ๐ŸŒธ: I think that’s a pretty good break down and gives users on the fence something to work off, but like you said it’s hard to come up with something exact so I would tell the user who submitted it to stay tuned! Thanks for using the crystal ball to help give us an idea though.

Drunknarwhal ๐ŸŒธ: What do you think about the KCC Ecosystem right now and what do you think it will look like in the future?

kefas [Dev of @tikutoken] : [In reply to Drunknarwhal] I think the KCC is in its infancy right now, there are a few projects starting daily, but it needs lot of development and also promotion from the KuCoin itself. In the future I believe the KCC could be as big as the BSC is now.

Drunknarwhalย  ๐ŸŒธ: Yeah I was pleasantly surprised with the AMA. I think right now is a great time to build a solid foundation for a project so that they will be prepared in the future.

Drunknarwhal ๐ŸŒธ: I know it doesn’t always feel that way because the crypto space moves very fast, but there are a lot of talented developers working to build this system.

Drunknarwhalย ๐ŸŒธ: Like yourself and your team!

Drunknarwhal ๐ŸŒธ: Final question and a bit of a shameless plug – โ˜บ๏ธ Any type of features youโ€™d like to see incorporated into HaiKU.tools?

Drunknarwhal ๐ŸŒธ: Thanks we are happy to be a part of the ecosystem and we continue to add new tools that we hope will help users research and ultimately invest in projects.

Drunknarwhal ๐ŸŒธ:[In reply to kefas [Dev of @tikutoken] Haha that is an idea I have thought about. Would be cool to some some ecosystem rivalry going on!

kefas [Dev of @tikutoken] :Also, maybe adding biggest gainers of the day or something like that would be interesting to see as well ๐Ÿค”

Drunknarwhal ๐ŸŒธ:I would say stay tuned for that – we are already actively working on that haha

kefas [Dev of @tikutoken] : Great! I’m looking forward to seeing it ๐Ÿ˜Š

Drunknarwhal ๐ŸŒธ: Wow – well it’s hard to believe it’s been an hour already. I know you must be tired from typing up all those great answers so I think i’ll end the AMA here unless there is something else you’d like to mention. Thank you, your team, and your community for your time. This has been great!

kefas [Dev of @tikutoken] : Thank you very much for doing this and for all the great questions!

Drunknarwhal ๐ŸŒธ:Hopefully after you recover from being in the hot seat and LSD has launched we can do it again

kefas [Dev of @tikutoken] : Yes, that would be amazing. I’m already looking forward to it haha.

Drunknarwhal๐ŸŒธ: Thanks again everyone and like I said we will publish this to our blog so you can check it at any time.

kefas [Dev of @tikutoken] : Thank you too! And everyone, make sure to check the HaiKu tools website if you haven’t yet: https://haiku.tools/