The main goal of TAIKAI is to create a “Next-Gen Talent Marketplace” that promotes the co-creation of innovative solutions for companies, organizations, and communities and allows a skilled worker to participate in innovation initiatives promoted by any community stakeholder.
The marketplace should recognize and identify the best innovators, evaluators, mentors, and experts on a domain field based on their previous contributions and interactions within the network.
As a Talent Marketplace, the role of TAIKAI acting as a mediator is to provide an economic context where all the stakeholders are rewarded fairly and transparently following the rules defined by the community and a free supply and demand market.
The community main stakeholders on TAIKAI are :
In the context where high-skilled workers scouting is becoming crucial to companies, it becomes essential to create an innovation community where all the participants are stakeholders and could benefit from their regular contributions.
Based on these detailed foundations it was essential to propose a public ledger to track the interactions between all the stakeholders and an internal currency to serve as a transfer of value unit in any transaction that occurs on the economy.
All TAIKAI transactions are published on a public decentralized blockchain not controlled by TAIKAI to be audited by any stakeholder on the economy.
In the early stages of our startup life and after some design thinking sessions and a couple of brainstorms later, we finally came with the main TAIKAI version 1.0 economy foundations.
Today, TAIKAI Social Token version 1.0 mechanisms are already in place in the TELOS main network and we hope to deliver the version 2.0 in 2021.
The TAIKAI Economy version 2.0 will introduce governance power and yield rewards to token holders, allowing them to benefit from staking the KAI token. Our goal for version 2 is to incentivise token holders to not spend their tokens immediately, reducing token velocity, and allowing the community main stakeholders to participate actively on the community governance and future enhancements.
In the first version, there are no fees collected by the smart contract but, on future versions, transaction fees are going to be accumulated and distributed to token holders that stake their balance.
Mechanisms supported by 1.0 smart contract:
The total supply of 300 000 000 KAI is distributed to:
The version 2.0 is an evolution model that will grant the token holders to have an active role and allow them to:
New updates about the our KAI Social Token are going to be published in the upcoming months. Stay tuned! 😉
To know more about Social Tokens we recommend this reading: