What is Tokyo AU (TOKAU)?
Tokyo Au is a metaverse project under Tlabs, an incubation company based in Tokyo, Japan.
Now known as MetaCity, Tokyo AU is a SocialFi metaverse with a focus on celebrity entertainment content. The ecosystem consists of several integrated products that work together to provide a comprehensive experience for user-generated content (UGC) production. It comprises an easy-to-use but powerful free 3D modeling package that allows users to edit purchased land NFTs and launch an immersive metaverse social experience. Users can organize a fun social experience through games, voice, and text interactions provided by the platform, thereby transforming the land from a decoration-oriented experience to a potentially complete social engagement.
On the platform, there is a social space with a liquidity mining game that gives users many ways to earn. The account holder's equity in the liquidity supply can be upgraded using the social media activity of the users to increase profitability. Participation in games, platform usage by users, and staking time can all boost liquidity staking profits.
TOKAU is the native asset of the project. To see the current TOKAU price, check out the Tokyo AU price chart above.
Use Cases of TOKAU Tokens
TOKAU is the utility token of Tokyo AU. It is issued on Ethereum based on the ERC-20 token standard.
TOKAU is used as the default currency for transaction fees. Though it can also be used as a gateway payment system for a variety of payment scenarios, such as money transfers, or as a form of incentive to reward participants Tokyo AU ecosystem.
Additionally, TOKAU is a governance token that allows holders to take decisions on the management of Tokyo AU.
Lastly, TOKAU can be used to purchase tickets to concerts, parties, and social experiences in the metaverse.
Don't forget to check the Tokyo AU price chart. It features the recent trends in the TOKAU price changes.
Tokenomics of TOKAU
TOKAU has a maximum supply of 1 quadrillion tokens. 60% of this supply was allocated for social mining functions, 6% for the community and marketing, and 12% for the core team. Furthermore, 4% was dedicated to public sale and liquidity, 6% was earmarked for early private investing, and 12% was for normal private investing.
Besides, TOKAU employs a deflationary mechanism – it burns 50% of the transaction fees. This is done to increase the stability of the TOKAU price. On the aforementioned chart above, you can see the current or the previous Tokyo AU price.
