Review on Tokenomy by Fanuel PORPORTY
Tokenomy (TEN) is designed to allow you to change with minimum fuss into other blockchain tokens for crowdfunding. You can also use these tokens in a network and to track gifts
Tokenomy is an exchange platform based in Singapore. There are 2 main sections on his website. The first is called "Blockchain Project Launchpad" where customers can launch their ICOs via crowdfunding. The second is called "Token Exchange" which allows customers to exchange cryptocurrencies. Tokenomy also offers loyalty programs, donations and crowdfunding. If a business has an idea related to blockchain technology, Tokenomy helps that business get started via Tokenomy Launchpad. Anyone can submit their application for free and if their submission is accepted, payments are arranged between the two parties. The Tokenomy team reviews applications based on several factors such as their white papers, team, company history, and the level of business need to solve real problems. After about 30 days of reviewing the idea, the Tokenomy team contacts the company with further steps.
Regarding costs, manufacturers and lessees have different percentages. Makers trade at 0%, this is because Tokenomy wants to encourage liquidity on its platform. In contrast, lessees have fees of 0.25%. If the user wishes to pay these fees with TEN, the fees are reduced to 0.125%. It is important to mention that Tokenomy only accepts cryptographic deposits.
Pros
- As a crypto newbie, I find Tokenomy Launchpad UI is very user-friendly for first timers investing in ICO. I managed to make my first ICO investment within an hour.
- Open source
Cons
- Tokenomy does not have a lot of other cryptocurrency trading pairs on their Exchange. I would love to see more coins being listed in the future.
- No backing (asset, profits, commodity)
