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White Paper

The digital era has brought about a revolution in finance, marked by the emergence of decentralized and innovative technologies. In this scenario, Inkryptus emerges as a visionary hybrid finance platform, combining the attributes of centralized finance with the dynamism and autonomy of decentralized finance (DeFi). The main goal of Inkryptus is to democratize access to decentralized finance, creating a bridge between the familiarity of web2 and the vast and innovative opportunities of web3.

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Inkryptus positions itself as an inclusive platform, designed to cater to a variety of users, from blockchain technology novices to more experienced enthusiasts.

Introduction

Market Context

The growing popularity of decentralized finance has revealed significant potential for innovation and economic growth. However, this field is still perceived as complex and inaccessible to many, creating a significant barrier to mass adoption. The need for a platform that simplifies and makes DeFi more accessible is evident.

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Inkryptus enters this emerging market with a unique proposition - a hybrid platform that unites the best of both worlds of finance. With a focus on security, ease of use, and innovation, Inkryptus stands out as a solution that can open the doors of DeFi to a broader audience, promoting greater financial inclusion and participation in the new digital financial ecosystem.

Problem: Restricted Access to Decentralized Finance (DeFi)

The DeFi ecosystem represents a revolution in the financial world, promising greater autonomy, attractive returns, and constant innovation. However, its mass adoption faces significant challenges:

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  • Risks of Scams and Frauds in Smart Contracts: The DeFi universe is filled with complex smart contracts that often contain flaws or loopholes exploited by scammers. For the average user, identifying these risks is almost impossible, leading to substantial financial losses.

  • Management of Private Keys: The decentralized nature of DeFi requires users to manage their own private keys. This is a complex and risky process, where a simple mistake can result in the irreversible loss of assets.

  • Complexity of Smart Contracts: Despite being the backbone of DeFi, smart contracts are, for most, a technical labyrinth. Understanding their operation, interactions, and implications is a significant obstacle for many users.
     

These challenges create a barrier that prevents a broader audience from enjoying the opportunities offered by DeFi, limiting its potential for growth and widespread adoption.

Solution: Inkryptus – Democratizing Access to DeFi

Inkryptus emerges as an innovative response to the above challenges, aiming to democratize access to decentralized finance. It offers a comprehensive and intuitive solution:
 

  • Simplified Web2 Interface: Inkryptus uses a familiar web2 interface, significantly reducing the learning curve for new users. This approach allows people without deep technical knowledge in blockchain and cryptocurrencies to easily interact with DeFi products.

  • Security and Trust in Smart Contracts: The platform handles the complexity and risks associated with smart contracts. By filtering and validating these contracts, Inkryptus ensures that its users are protected against common scams and frauds in the DeFi space.

 

Secure Management of Private Keys: One of the biggest challenges faced by users in the DeFi universe is the management of private keys – a technical and often intimidating process, essential for the security and access to digital assets.

Inkryptus addresses this issue innovatively, radically transforming how private keys are managed and used in interaction with the blockchain.

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Inkryptus implements an elegant and efficient solution, employing smart contracts to generate and manage wallet addresses for users. This system offers several benefits:
 

  • Automation and Security: The smart contracts of Inkryptus are designed to automatically create wallet addresses for users, storing and managing private keys securely.

  • Ease of Use: This approach eliminates the need for users to directly manage their private keys, significantly simplifying the process of interacting with the blockchain and making DeFi more accessible to a broader audience.

  • Reduction of Human Risks: By automating key management, Inkryptus minimizes risks associated with human error, such as loss or leakage of private keys.

  • Visibility and Control of Actions: Although smart contracts manage the private keys, users maintain visibility and control over their transactions and actions performed on the blockchain.

  • Education and User Support: Besides providing a safe and easy-to-use platform, Inkryptus also commits to educating its users about the functioning and best practices within the DeFi ecosystem, promoting a greater understanding and confidence.

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In summary, Inkryptus not only provides a safe and accessible bridge between the familiar world of web2 and the new universe of DeFi but also ensures a safer, educational, and less intimidating user experience. By doing so, Inkryptus opens the doors of decentralized finance to a broader audience, promoting financial inclusion and mass adoption of blockchain technologies.

Project Description

Platform

Inkryptus is a hybrid finance platform designed to be the bridge between the web2 layer and web3. It offers users an integrated experience, allowing access to decentralized financial products through a familiar and intuitive interface. This innovative approach seeks to reduce the complexity associated with DeFi, making it accessible to a wider user base.

Inkryptus Token (INKY)

The INKY token, launched on the Binance Smart Chain, plays a fundamental role in the Inkryptus platform's economy. Designed as a utility token, INKY is used in several key functionalities within the platform, including:

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  • Lottery System

    • Operation: Users can buy lottery tickets using INKY. Each lottery has a maximum number of tickets, and when this number is reached, a winner is drawn randomly.

    • Prize Distribution: 70% of the prize goes to the holder of the drawn ticket, while 30% is allocated to the burning of INKY tokens, reducing the total supply and potentially increasing the token's value.

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  • INKY Pool

    • Staking: Offers users the option to stake their INKY tokens, with different locking modalities (12 months, 6 months, or no lock).

    • Rewards: The rewards vary according to the type of stake, encouraging long-term commitment to the platform.

Roadmap

Inkryptus commits to continuously innovate and expand its capabilities, offering an increasingly rich and diverse ecosystem for its users. The detailed roadmap below illustrates the planned stages for the future, marking the ongoing development and introduction of new features.

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  • NFT Box

    • Concept: Launch of an NFT functionality, where users can acquire NFT boxes using the INKY token.

    • Cost and Variety: Each box will cost a fixed amount in INKY and contain NFTs of different categories, such as visual and utility.

    • Utility of NFTs:

      • Visuals: Focused on aesthetic aspects, these NFTs will serve to demonstrate achievements and status within the Inkryptus community.

      • Utilities: Will offer practical advantages on the platform, such as discounts on fees, free withdrawals, and access to exclusive services.

  • Multi-Investment Contracts

    • Objective: To provide INKY holders the opportunity to collectively invest in a variety of crypto assets and innovative projects.

    • Operation: Opening of investment quotas that can be acquired exclusively with INKY, aiming to build a diversified portfolio with various types of tokens.

    • Duration and Return: The pools will have variable locking periods, after which the assets will be converted back into INKY and distributed proportionally among the investors.

  • Inky Bridge

    • Network Interconnection: Implementation of a bridge to connect Inkryptus with other major blockchains, such as Ethereum, Avalanche, Polygon, and Solana.

    • Simplified Transfers: Facilitation of the transfer of INKY tokens between different networks, promoting greater flexibility and access to various cryptocurrency ecosystems.

  • Launch Pool

    • Incentive to Emerging Projects: Creation of a platform within Inkryptus for INKY staking, rewarding users with tokens from new projects.

    • Strategic Partnerships: Collaboration with promising projects, offering users early access to innovative and potentially profitable tokens.

Token Economy

The economic structure underlying the Inky token is outlined with an initial issuance of 10 million units of the token, representing a portion of the total maximum supply of 200 million tokens. This initial allocation is specifically intended for the team maintaining and developing the Inky project. The use of these funds is strategically planned to boost various activities essential to the growth and strengthening of the Inky ecosystem.

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Primary applications of these funds include concentrated efforts in marketing campaigns. These campaigns are vital to increasing awareness and adoption of the Inky token, as well as strengthening its presence in the market. Another critical area of investment is the initiation of liquidity, a fundamental step to ensure the stability and viability of the token in financial markets.

Additionally, part of this initial issuance will be allocated for team expansion. The growth of the team is a key indicator of the project's commitment to scale its operations and improve its product and service offerings. This expansion is also a direct reflection of the commitment to maintain a robust and efficient team, capable of facing emerging challenges in the cryptocurrency and blockchain technology sector.

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Creating new functionalities is another crucial area for the application of these resources. The continuous development of new features is essential to keep the Inky token relevant and competitive in the rapidly evolving cryptocurrency market. These functionalities are designed to enhance user experience and expand the practical applications of the token.

Finally, a portion of the funds is aimed at boosting products on the Inkryptus platform. This investment is strategic to ensure that the products associated with the Inkryptus platform are successful, thus contributing to the overall growth of the ecosystem.

Inky Token Issuance

The operationalization of the issuance of the Inky token is managed through the smart contract named TokenMinter, identified by the address 0x68BDAb3dcc5332BcCcDC940D54122c155b80857a on the Binance Smart Chain blockchain. This contract is designed to facilitate the minting process of INKY tokens, granting the exclusive ability to authorized entities, called minters, to create new tokens within the ecosystem.

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In the current context, the only agent with minter privileges is the INKY StakingPool, operating under the address 0x921BAD14BE449Af905E68d3Ed03Fbe784e748A13 on the Binance Smart Chain blockchain. The main function of this agent in the issuance system is to generate INKY tokens daily, following a model intended to regulate the token's inflation. This model establishes that a fixed percentage of 1% of the INKY tokens allocated in stake is issued each day, subject to a maximum daily limit of 10,000 INKY units.

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This daily issuance mechanism, tied to both a fixed percentage and a quantitative limit, is a strategic measure to control the token's inflation. By limiting the number of new INKY tokens that can be generated daily, the system seeks to ensure a balance between supply and demand, avoiding abrupt devaluations or uncontrolled inflation. This approach demonstrates careful planning in managing the token's economy, aiming to maintain its stability and long-term value.

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INKY Token Burn Mechanisms for Inflation Control

The INKY token implements various token burn strategies with the aim of controlling inflation and maintaining the token's value. These mechanisms are an integral part of the economic strategy of the Inkryptus ecosystem and are structured as follows:

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Token Burn via Lottery Contract:

The INKY ecosystem includes a lottery contract, where, at the end of each lottery round, 30% of the PrizePool is burned. This system ensures that 70% of the value collected in tickets is distributed to the winner, while the remaining 30% are used for the burn of INKY tokens, contributing to the reduction of the total token supply and inflationary control.

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Token Burn from Inkryptus Platform Profits:

The Inkryptus platform adopts a proactive and tiered strategy for burning INKY tokens, directly linked to its monthly financial performance. This mechanism is not only fundamental for adjusting the token's supply in the market but also for adding value to the token in the long term. The burning strategy is detailed as follows, based on the monthly revenue tiers of the platform:

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  • Revenue below 100,000 USD:
    Token Burn: There will be no burning of INKY tokens.
     

  • Revenue between 100,000 USD and 500,000 USD:

    • Token Burn: 15% of the tokens will be burned.

    • Impact: This burn tier is designed to initiate the gradual reduction of the total supply of INKY tokens, in response to a significant increase in economic activity and platform revenue.
       

  • Revenue between 500,000 USD and 1,000,000 USD:

    • Token Burn: 30% of the tokens will be burned.

    • Purpose: This higher percentage of burn reflects robust platform performance, and the accelerated burning of tokens serves to further appreciate INKY, benefiting all token holders.

 

  • Revenue above 1,000,000 USD:

    • ​Token Burn: 50% of the tokens will be burned.

    • Strategy: This is the most aggressive burn tier, applied when the platform reaches an exceptionally high revenue level. The substantial burning of tokens is a measure to capitalize on financial success, significantly reducing the supply of INKY and potentially increasing its market value.

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This tiered token burn model reflects Inkryptus's commitment to adapt its economic strategy to market conditions and its own financial performance. The burn policy not only helps control the inflation of the token but also acts as an indicator of the economic health and success of the platform, thereby encouraging continued investment and interest in the Inkryptus ecosystem.

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Fees Generated by the Inkryptus Platform:

Swaps: Fees generated by cryptocurrency buy or sell transactions on the Inkryptus platform are partially burned.

Withdrawals: A portion of the fees generated by withdrawal transactions of tokens from Inkryptus platform contracts is earmarked for burning INKY tokens.

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  • Harvest: Fees from requests to withdraw profits to the Inkryptus wallet, arising from stake and yield farm products, are used for burning INKY tokens.

  • Compound: Transactions generated by the request for reinvestment of profits earned through stake and yield farm products also contribute to the burning of INKY tokens.

  • Profit Fee: Daily fees generated to pay the yields of the stake and yield farm products of the Inkryptus platform are partially used for the burning of INKY tokens.

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Methodology for Tax-Generated Burning:

Based on the platform's monthly revenue, a specific percentage of the profit is allocated to purchase INKY tokens in the open market. This percentage varies according to monthly revenue, as previously detailed (15% for revenues between 100,000 USD and 500,000 USD, 30% between 500,000 USD and 1,000,000 USD, and 50% for revenues above 1,000,000 USD).

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Burning Process:

After acquisition, the purchased INKY tokens will be burned through the burn method of the INKY contract. The burning of tokens is an irreversible blockchain transaction, ensuring that the tokens cannot be recovered or reused.

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Transparency and Monitoring:

The burn transaction is recorded on the blockchain and can be viewed by anyone, offering complete transparency to the process. Users and interested parties can monitor these burn transactions through the INKY token contract. This monitoring can be done using blockchain explorers, such as BscScan, where transactions are public and can be examined in detail.

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Communication and Trust:

Inkryptus is committed to clearly communicating each burn operation to its community, including the transaction details and the quantity of burned tokens. This approach promotes trust between the platform and its users, demonstrating Inkryptus's commitment to transparency and the appreciation of the INKY token.

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