CDK TOKEN built on Algorand blockchaiN

The power of blockchain for mobility

Tokenize your vehicle, buy and sell it in the form of an NFT, store all kinds of information on a blockchain, use it for Big Data, statistical calculations, and to optimize behaviors linked to mobility thanks to artificial intelligence algorithms, here is the project of the CodeNekt startup. A CDK Token built on Algorand Blockchain.

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during the 6 weeks of ITO

CDK tokens INITIAL DISTRIBUTION

2021 DECEMBER: A 6 WEEKS ITO

2,400,000,000 CDK tokens will be distributed through the ITO, and the ITO’s duration is initially set to 6 weeks, so 400,000,000 CDK tokens can be bought each week, 200M for each half described above. This process eliminates races and pumps. Unsold weekly CDK token built on Algorand Blockchain will be reserved to be sold at the end of the ITO through the addition of more weeks. This means there is no fixed duration of this ITO: 6 weeks is the minimum duration but, technically, it can last much longer, which gives people more chance to participate in it.

If you would like to receive updates about this project, including dates and procedure for the upcoming ITO, please register here:

CDK TOKEN built on Algorand blockchain

AN ORIGINAL APPROACH OF THE WORLD OF CRYPTO

CodeNekt, who aims at offering multiple services in the mobility field (vehicles maintenance, insurances, purchase/sale, fleet management, vehicle sharing, etc.), is in the process of developing a part of its solution CDK Token on the Algorand blockchain.

CodeNekt’s approach is to use the many advantages of blockchain and decentralization to, on the one hand, launch its ITO, and, on the other hand, provide many services to its users, partners, and, of course, to the owners of its future token.

WHAT IS THE CDK TOKEN built on algorand blockchain?

A GOVERNANCE TOKEN

Allowing the community to participate in its future evolution

A UTILITY TOKEN

Allowing users to pay for services, secure some data, access to their history or that of a vehicle they intend to purchase
nft
It supports the creation of NFTs representing real-life vehicles, and that can be exchanged by paying a fee to the network.
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It’s the base of an entire ecosystem, where third parties can offer their own services, leveraging CodeNekt’s, while paying fees to the underlying network.

securite
It’s a tool to help string massive amounts of data that can be sold to companies interested in statistical calculations.
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WHAT SHOULD THE INVESTOR EXPECT?

Ultimately, stake the token will make it possible to collect part of the income generated by CodeNekt’s commercial activity and other third parties developing their own solutions on the CodeNekt ecosystem.

The originality can be found here: by staking the cdk token, an investor, while remaining technically in the crypto world, has access to income which source is in the real economy.

The value of the CDK Token built on Algorand Blockchain should therefore depend much more on the commercial success of CodeNekt than on the changing mood of the crypto markets.

A UNIQUE OPPORTUNITY

Investing in CDK Token is a unique opportunity to hedge and diversify one’s portfolio, while technically remaining within the crypto world.

Investing in early stages always carries a greater risk, and, naturally, a higher reward in case of success. By participating in the ITO, investors get a unique chance to become the brick and mortar of a multi-billion dollar enterprise, and to reap the benefits of the resulting profits, uncorrelated with the crypto market volatility. In that sense, investing in CDK Token is a unique opportunity to hedge and diversify one’s portfolio, while technically remaining within the crypto world.

TOKENOMICS

Secur3

A controlled inflation & burning mechanism

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A lottery and airdrops to distribute new tokens coming from inflation

temps

A restrictive mechanism to stop early investors to massively dump their tokens right after the ITO

cible

A strong incentive for buyers to become hodlers and stake their tokens

KEYWORDS

NFTs will represent physical vehicles and will be used to store a lot of information relative to them. Such NFTs will then be sold along the physical vehicle and will allow the seller to guarantee that the information is correct, thus giving value to the NFT: In business, trust is valued.

Decentralized Governance is not only a keyword, it’s a philosophy. So, let’s think. For a governance system to bring its best results, it must satisfy several criteria:

  • People must adhere to the decisions made, which imply a strong feeling of legitimacy
  • The system must be viewed as fair by all those impacted by the decisions
  • It must also be stable over time
  • The more the governed community is interested in the decision process, the more efficient and accepted it will be
  • People need to feel involved, responsible of the outcomes
  • Decisions made must appear as good to the community
  • All of the above should create trust into the governance system

Could being charitable be profitable? That’s a question we asked ourselves and we did find a way: we’ll organize the constitution of a charity fund, fed from monetary flows coming into the CDK ecosystem, and that will serve to offer a financial help to future new drivers to pay for the driving lessons and license. Other actors will in time participate in this charity hub: driving schools could offer a percentage off their service fee, car manufacturers a rebate on car purchased through their dealers, insurances another rebate to CodeNekt users, gas stations a few cents per gallon for some time, etc. This can work because all actors have an interest in having new customers, and CodeNekt can make that happen.

This will greatly increase the network effect: CodeNekt users will preferably choose companies that participate in this scheme, and companies will flock to partner with CodeNekt to have access to a high number of potential new customers.

And in the end, CDK stakers will pocket some rewards that should outweigh the charity costs.

A very trendy subject indeed, but how to take into account ecology while developing a token for mobility? Easy: by offering CodeNekt users and CDK skaters the possibility to alleviate their carbon footprint by investing in green projects like Carbon Connect or Tree Cycle through the CodeNekt application or directly through the blockchain.

Problems:

  • Token owners expect some return on their investment
  • Stakers need to feel free to sell
  • The project need token owners to keep them
  • The ecosystem needs to limit volatility

Solution:

  • Token owners stake their tokens to earn interest
  • Stakers can unstake at any time, with no locking period or limitation
  • The amount of interests earned by stakers increases over time, enticing to stake for long periods
  • Stakers that receive high interest rates don’t want to unstake and lose their advantage.

Interests paid to stakers come from CodeNekt’s commercial activity. NFT royalties, payments through the CodeNekt app, data sales, and funds management are a few of the ways to create the value distributed to stakers.

Ideas racing is a way to emulate creativity and increase motivation through participation. On a regular basis, we will organize races extending over varying periods of time, during which individuals or organizations will be able to expose their ideas of development and try to get funding for them. When organizing such races, an independent process will permit the allocation of sums of money to be used as grants.

A vehicle can only be represented by a single NFT because it guaranties the uniqueness of the pertaining information. But, in some rare cases, the legitimate owner of a vehicle can be in a situation where the corresponding NFT is owned by someone else. This is why we need a decentralized NFT conflicts resolution system, including a conflict resolution jury, and experts panel, a jurors’ selection mechanism, a system for ensuring quality judgments (based on the game theory), and even an appeal procedure.

The bad scenario: CodeNekt and/or the CDK project fail

Very little rewards have been sent to the CDK stake holders, but ITO participants who held their tokens are reimbursed of their initial investment.

The average scenario: a lot of regional markets proved very hard to penetrate, our projections are 50% overvalued

The planned earnings obviously do not follow the announced progression. We will assume for this scenario that half of our progression disappears. This means that each staked CDK token should get its buyer interests equivalent to the purchase cost within 6 years, notwithstanding the progressive increase of its market price (an investor interested in the token on that sixth year would look at the 5 following years’ earnings and would see about $26 billion of interests paid over that period to stake holders).

The good scenario: our projections are mostly correct.

This means that each staked CDK token should get its buyer interests equivalent to the purchase cost within 5 years, notwithstanding the progressive increase of its market price (an investor interested in the token on that fifth year would look at the 5 following years’ earnings and would see about $41 billion of interests paid over that period to stake holders).

ATTENTION

There is plenty of room for future evolution. This project will attract many entrepreneurs and companies, and the existing team itself already has many more ideas to develop that are absent from this Yellow Paper due to non-disclosure agreement constraints. This means the monetary flows described above most likely constitute a conservative figure of future earnings.

Inflation of the monetary mass is bad on the long run. Nonetheless, it may have some positive effects on the short term, and this is why many projects have resorted to make use of it, often combining this effect with some deflationary mechanisms.

Instead, we will attempt to follow Nobel prize Milton Friedman’s monetarist policy and his k-percent rule, adapted to the crypto world and will ensure the inflation is kept at a pace comparable with the ecosystem’s growth.

Inflation will partly be used to reward stake holders through a lottery. Once a month, a part of the newly created tokens will enter a jackpot account and stakers’ accounts will be randomly chosen.

If inflation increases faster that the ecosystem’s profits, tokens burning will be organized

For a governance system to work, it needs to be perceived as legitimate. But how to acquire legitimacy on a decentralized system? After much thought, here’s what we need:

  • A clear set of rules for everyone to understand how governance works and how to participate, 
  • A sense of fairness and equity,
  • The process must address all the foreseeable risks and traps, 
  • Participation through fair voting financial choices, ideas sharing, bounties, etc.
  • Responsibility through token locking to increase voting power,
  • Trust, that grows through the means described above.

It’s a means for voters to evaluate the marginal gain they get with each additional influence “point” they want, knowing that the cost is growing each time.

Quality voting is important to the stability of the ecosystem. The last thing it needs is bad or erratic voting from people not concerned enough by the subjects being voted upon. To incite people to either take time to understand all the implications of their choices or to delegate their voting power to more motivated people, each participant can stake his own CDK to increase his voting power. This process allows concerned people to increase their voting power at the cost of stopping themselves from selling the election-staked CDK for some time.

Quadratic finance, is a tool for giving more power to the decentralized little man than to the few very wealthy, by nature centralized. The goal is mainly to allow the financing of what could be presented as public goods, while avoiding the tragedy of the commons:

  1. Sponsors set up a grant to fund a specific project.
  2. A quadratic funding session is organized, during which private investors invest some money to fund the project.
  3. The grant set up by the sponsors is then used to increase the project funding proportionally to both the total amount of money bound by private investors and the number of them. The more of them there are, that is, the more decentralized the private funding is, the more the grant will participate in the funding of the project.

CDK token built on Algorand Blockchain Initial Distribution

2,400,000,000 tokens will be distributed through the ITO, and the ITO’s duration is initially set to 6 weeks, so 400,000,000 tokens can be bought each week, half at a fixed price, but with a limited quantity per investor, the other half with no limit, but auctioned.

JOIN THE WAITING LIST

If you would like to receive updates about this project, including dates and procedure for the upcoming ITO, please register here:

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The power of blockchain for mobility

Documents

White Paper
Yellow Paper / Coming Soon