The Innerfold Token

Yes we did.

Innerfold now has its own token! Unlike NFTs, which are often unique, static digital items, this token is a fully dynamic and fungible asset that will power the entire Innerfold ecosystem. It’s designed for seamless interactions, milestone rewards, and exclusive access. It is not just a collectible but a key part of our user-first vision.

⁠

How This Token Transforms Innerfold

A Cornerstone for the Ecosystem

The token serves as the foundation of Innerfold, enabling fluid interactions between users, pathways, and rewards.

Empowering User Ownership

Users will hold a dynamic token that grows and evolves with their Innerfold journey, fostering deeper engagement and connection.

Affordable and Scalable

Built on Polygon, the token ensures extremely low transaction costs while allowing us to scale effectively.

Seamless Integration with INNFT Technology

The token is fully compatible with INNFT evolving tokens, dynamically reflecting user progress and unlocking new features and pathways.

Future Innovation

This token paves the way for advanced features like:

Staking and Rewards: Incentivizing engagement and loyalty.

Marketplace Integration: Facilitating purchases, upgrades, and exclusive content.

Interoperability: Extending Innerfold’s presence into other Web3 ecosystems.

What We’ve Addressed

Creating this token is no small feat. It involves careful planning, compliance, and robust technology. Here’s what we’ve addressed to ensure it aligns with Innerfold’s goals and vision:

Compliance with Regulations

The token is structured as a utility token, avoiding classification as a security. We’ve reviewed frameworks like the Howey Test and consulted experts to ensure compliance.

Consideration for AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements, particularly for high-value interactions.

Tax Considerations

Users will have clear guidance on potential tax implications, such as income or capital gains taxes.

Robust tracking of token distributions, royalties, and revenue ensures accurate reporting and transparency.

Custodial Wallets

Recognizing that most users don’t have crypto wallets, we’ve designed a secure custodial wallet system with recovery mechanisms and regulatory compliance.

Data Privacy

Adherence to GDPR and CCPA ensures user data is stored securely and transparently.

Platform Security

Thorough smart contract audits to prevent vulnerabilities.

24/7 monitoring for suspicious activity.

Sustainability

By building on Polygon, the token minimizes its environmental impact while maintaining high efficiency.

Governance and Transparency

An independent review board will oversee ethical and secure token use.

Regular transparency reports will detail token allocation, earnings, and development milestones.

Disclaimer: The details and plans outlined here are subject to change as we continue to refine and develop the token. We are committed to ensuring compliance, scalability, and user-focused innovation every step of the way.

Want to print your doc?
This is not the way.

Try clicking the ⋯ next to your doc name or using a keyboard shortcut (

CtrlP

) instead.