Token utilities

$TOKA (in esTOKA form) has the following utilities:

1. Hold esTOKA to govern.

esTOKA would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or protocol parameters, or provide feedback, with voting weight calculated in proportion to the voting power of staked tokens.

(The right to vote is restricted solely to voting on features of Tonka Finance; it does not entitle $TOKA or esTOKA holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does $TOKA or esTOKA constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.)

2. Fees and Rewards.

The protocol does not provide native liquidity, so it would need to distribute rewards to incentivise users to participate and provide liquidity for the protocol. $TOKA / esTOKA functions like a membership token, so esTOKA stakers which actively engage the protocol by participating in borrowing or lending, as well as the governance process, would be able to receive rewards from the pool of rewards in the form of esTOKA emissions or other tokens.

3. Future whitelisting.

As an access token, $TOKA, in the form of esTOKA, would allow holders exclusive access to selected products or services, or protocol features, such as marketing partnerships or priority for special joint events with strategic partners.

esTOKA holders can also convert their esTOKA to TOKA through a vesting process. Once the process is started, esTOKA will be linearly converted to TOKA over a period of 90 days. Also, we will provide an official AMM trading platform to help esTOKA/TOKA's instant swap in the short future (at a discounted price).