TokenPocket TokenPrice

(TPT)

TPT is the native utility and applicational token of the TokenPocket ecosystem. It functions as an application token, signifying the rights and participation of both users and developers within the ecosystem. TPT acts as a vital link, connecting the multi-chain wallet's extensive user base of over 30 million with its thousands of integrated decentralized applications (DApps). It embodies the platform's commitment to community governance and user empowerment.

TPT serves several key functions within the TokenPocket ecosystem. It is utilized for covering or discounting transaction fees, offering cost-efficiency to users. Holders can participate in platform governance by voting on updates and community proposals, exercising their influence. Users can stake TPT to earn rewards, gain access to premium features, and receive exclusive airdrops. Developers also use TPT to pay listing fees, often acting as an insurance fund, for their DApps to be featured in the wallet. Additionally, TPT acts as a 'pass' for exclusive community benefits and customized souvenirs for top holders.

The total supply of TPT is approximately 5.9 billion tokens. The current circulating supply is roughly 3.47 billion tokens. It's important for potential holders to understand these figures as they relate to the overall tokenomics of the TokenPocket ecosystem. The foundation has outlined plans for future supply adjustments, including mechanisms to manage and potentially reduce the total token count over time.

TPT is designed as a multi-chain token to ensure broad accessibility and interoperability. It initially launched on the EOS blockchain. Subsequently, its presence expanded to include the TRON network as a TRC-20 token and the BNB Smart Chain (BSC) as a BEP-20 token. This multi-chain capability allows users greater flexibility in managing and utilizing their TPT across different blockchain environments, often facilitated by the wallet's built-in cross-chain swap feature.

No, TokenPocket cannot recover your lost private key or mnemonic phrase. This is a critical security aspect due to TokenPocket being a decentralized, non-custodial wallet. This means the wallet does not store your private keys or mnemonic phrases on its servers. You are solely responsible for safeguarding these crucial pieces of information. If you lose your private key or mnemonic phrase, access to your TPT and any other digital assets stored in that wallet will be permanently lost, making recovery impossible.

Yes, there is a planned deflationary mechanism for TPT. The TokenPocket Foundation intends to implement a 'Buyback and Burn' program starting from 2025 onwards. This strategy involves biannual buybacks of TPT from the market, followed by the burning of these tokens. The ultimate goal of this mechanism is to progressively reduce the total supply of TPT, aiming for a target of 1 billion tokens. This initiative is designed to potentially enhance token scarcity and value over the long term.