The engine that drives 2key network
2KEY Contract address 0xe48972fcd82a274411c01834e2f031d4377fa2c0
2KEY tokens are the blood that flows and drives the 2key network. It represents a unit of value and a medium of exchange native to the 2key network that can be used in many ways such as
2KEYs are the default compensation reward for 2key SmartLinks referrers. When a referral chain leads to a conversion (purchase, booking, download, sign-in, donation …), each person in that referral chain receives their share of the reward as defined in the smart contract. It is used to score both contractor and referrers’ reputation or to pay network integrators that provide services for a fee.
2KEYs referral incentivizing rewards are designed for exponential organic growth.
2KEYs deposited for referral campaign are pre-bought and locked-up until earned by referrer.
2KEYs staked by users to boost reputation
are pulled out of circulation.
2KEYs earned by referrers are locked up until the campaign ends.
A tariff is charged, in 2KEY tokens, from integrator payments and moderator fees. These tokens re-supply the community pool once every 10 years.
Admin Contract charges a up to 5% fee on conversions.
Exchange Contract places a spread on its automatic DAI, 2KEY, or volatile asset purchases and sales.
A strong utility token needs all three to grow into a strong and stable digital economy.
Each and every atomic conversion on the 2key Network, in each and every campaign, contributes to an internal token circulation mechanism managed by the 2key contracts, driving:
A 2KEY campaign reward budget is bought to cover referral payments.
The 2KEY campaign reward budget is hedged against DAI to maintain the referral rewards US$ value.
Earned 2KEY referral rewards are distributed to the referrers of the referral chain leading to a conversion.
The referral remunerations are kept on the balances of the referrers within the 2key campaign contracts until the campaign ends.
The success rate of users actions impacts their reputation which qualifies users for network-level participation and reputation remuneration.
Additionally, 2key incorporates various game theory mechanics, user-driven locks, Protocol-driven locks, and organic demand structures to ensure 2KEY tokens have REAL and organic volume and usage outside of mere cryptocurrency exchanges.
Detailed 2KEY token full distribution forecasts and unlocks can be found here
Learn about the different uses of the 2KEY token, how it is engineered within the network's economy, Its distributed plan for the next few years, and how its use forecasts and market share look, in 2key's various in-depth publications.