Process #
How do I join? #
Joining TKN DAO is as simple as transferring an ERC-20 token on Polygon Network. Please see our Membership Process page.
How will I be registered as a member? #
Like any other DeFi service there are only two things we want to know about you:
- your EVM-based private wallet address (exchange wallets are not supported);
- your ability to sign transactions from this address (with your private key).
As long as you can provide these two items, you are considered a member. We interact only with private wallets. We don’t have to interact with the person behind it.
How do I leave? #
Leaving TKN DAO is as simple as transferring an ERC-20 token on Polygon Network. Please see our Membership Process page.
Do you have a minimum account policy? #
No. Until 2023 we will accept any amount from our contributors.
Why does joining take 24 hours but leaving takes 7 days? #
TKN DAO always has multiple initiatives and positions on the market. And our resources are deployed on these fronts. To continue our principal operation -managing our contributors’ resources efficiently- we need extra time to obtain liquid assets from the market.
Considering many financial enterprises ask their members 2 weeks to exit, we believe this is a fair amount of time.
What if I lose access to my wallet? #
Like any other blockchain/DeFi project, if you lose access to your personal wallet that holds TKND, you lose access to your funds. Using only blockchain as proof to process claims is the most accessible, most secure, and low-cost solution for all of our members.
TKND #
Is TKND an Altcoin? #
No. It’s only meant to use for accounting purposes within TKN DAO. It allows us to determine the percentage of every contributor’s claim from all assets in the pool. It will never be sold on an exchange for speculative purposes.
How TKND price is calculated? #
All assets in the pool / Number of TKND in circulationWith this simple formula, all assets in the pool are shared by all of our members. Using TKND price in USDC and/or Sats, you can easily track your entry/exit price and PnL.
Can I return a part of my TKND to get back USDC? #
Yes. You can return all your TKND to fully exit TKN DAO or any amount to get back USDC.
Let’s assume you have 1000 TKND in your personal wallet. If you need liquid assets, you can just return 100 TKND using the method on our Membership Process page. You will receive its current value in your personal wallet.
Will I profit every day/week/month/year? #
Anyone who promises a fixed or positive return every day/week/month/year either runs a Ponzi scheme or takes unnecessary risks under unfavorable market conditions. Please see the chart below.
This is the monthly chart of Berkshire Hathaway, showing many downturns along the road. And yet, Warren Buffett is recognized as the most successful investor alive.
Here is our investment thesis: Crypto-assets will evolve and grow. As long as we can beat Crypto Total Market Cap, our investments will outperform almost anything in the long run. It will be hard but it will be worth it.
At TKN DAO we use our expertise for a smoother ride.
Why doesn’t the amount of TKND I received match the amount of USDT I transferred? #
Even though we accept USDT as a deposit, we rely on USDC for our operations. And when we receive USDT, the first thing we do is convert it to USDC on Uniswap. As you can see in the screenshot below, the USDC price is usually slightly higher than USDT.
We take the amount of USDC we receive as the basis to calculate the amount of TKND you will get. This is the reason for that discrepancy.