Whitepaper

Introduction

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.

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

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.

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:

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:

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

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

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.

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:

Lottery System

INKY Pool

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.

NFT Box

Multi-Investment Contracts

Inky Bridge

Launch Pool

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.

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.

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.

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.

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.

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:

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.

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:

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.

Fees Generated by the Inkryptus Platform:

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).

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.

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.

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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