Dear Aada community,
This is the TosiDrop team. Since our recent mainnet launch, it has been amazing to see our community grow.
We are proposing the addition of the cTOSI token in Aada V1 as an asset for borrowing.
TosiDrop is a token distribution platform on Cardano and Ergo that allows projects in the ecosystem to distribute tokens to their community members in a secure, efficient, and versatile manner. The Cardano native TosiDrop token, cTOSI, represents governance rights and revenue rights of the TosiDrop Platform and its operations. Adding cTOSI as a borrowable asset on AADA will increase the functionality and reach of both platforms, providing value to both communities and the Cardano ecosystem as a whole.
The mission of TosiDrop is to contribute to decentralization in the Cardano ecosystem by allowing projects to distribute tokens to their community members and beyond, across the world. The immense power of blockchain technology is derived primarily from decentralization; that is, the dispersion of functions and powers to the many, rather than just a few. Blockchain projects that adhere to the core principle of decentralization will be well-positioned to take advantage of TosiDrop to build a community that collectively works together to advance any new idea with a truly decentralized ownership structure, where growth in value is enjoyed primarily by the project community as a whole. cTOSI is the Cardano-native governance and revenue sharing token of the TosiDrop Platform. As a governance token, cTOSI holders will play a crucial role in determining TosiDrop’s direction for the future. Furthermore, TosiDrop just this past week launched its revenue generating functionality on the Cardano mainnet, initiating the revenue sharing utility of cTOSI tokens. There are currently 3,950 cTOSI holders.
TosiDrop provides tools to the Cardano ecosystem that allow projects and their communities to fully utilize the power of decentralization. Beyond individual projects themselves, TosiDrop hopes to play a part in accelerating the success and adoption of the Cardano ecosystem as a whole, by helping high quality projects distribute their tokens effectively and in turn create value for large and influential global communities. Cardano is one of the most decentralized blockchains in existence, and a perfect place for communities to utilize the power of decentralization to build a better world for all.
Introducing the cTOSI token to Aada will extend the roster of supported high-quality projects on the platform, and overall will increase the functionality and reach of both platforms, providing value to both communities and the Cardano ecosystem as a whole.
- Governance - cTOSI holders have the right to vote on TosiDrop DAO proposals.
- Fees - cTOSI holders are beneficiaries of revenue generated from protocol transaction fees.
- Staking - Stake cTOSI and earn reward tokens
There is a total supply of 1,000,000,000 cTOSI tokens. Our tokenomics are as follows; 90% public allocation and 10% team allocation. 3950 wallets currently hold cTOSI.
TosiDrop provides infrastructure allowing Cardano projects to distribute their tokens widley and efficiently - accelerating decentralization and opening avenues for community-built value, for people across the world who are part of the Cardano ecosystem. Adding cTOSI as a borrowable asset in Aada V1 will increase the functionality and reach of both platforms and provide value to both communities.
Thank you to our community for your continued support, and to the AADA community for your contribution to the Cardano ecosystem. Together TosiDrop and Aada finance can be part of building a better future for all.