Tikoly Whitepaper

1. Introduction & Thesis

Last updated: September 1, 2025

This whitepaper highlights the mission, vision, thesis, tech solutions, tokenomics and governance of the Tikoly Network.

1.1 The Next Frontier: Verifying Off-Chain State On-Chain

Bringing reliable, verifiable, and timely data from the real world onto blockchain networks is a significant hurdle for the widespread adoption of decentralized applications (dApps) and the tokenization of Real World Assets (RWAs). Traditional data sources are often centralized, opaque, and lack the immutability and transparency required by blockchain ecosystems.

1.2 Introducing Tikoly: A Decentralized Verification Layer for Renewable Energy Finance

The Tikoly Network is designed to address this challenge by providing a decentralized and transparent infrastructure for bringing Real World Asset data on-chain. It is a trustless verification and financing layer for the energy economy. By leveraging cutting-edge cryptography—specifically Zero-Knowledge Proofs over TLS (zkTLS)—Tikoly enables any smart contract to verifiably access data from off-chain energy assets without trusting the node operator. Tikoly provides the tamper-proof, uncensorable bridge that allows on-chain logic to securely interact with real-world energy generation and consumption data, unlocking new economic primitives for financing the green energy transition.

2. Problem Statement

2.1 The Trust Bottleneck in Verifying Energy Data

Existing oracle solutions, while foundational, have an inherent flaw: they require users to trust the oracle nodes. Their security models rely on crypto-economic incentives, where a super-majority of federated, staked nodes are assumed to be honest. This introduces centralization risks and is insufficient for high-value applications like financing multi-million dollar energy projects, where absolute data integrity about energy production and consumption is non-negotiable.

2.2 The Inadequacy of Data for High-Value Energy Assets and the Role of Ecosystem Participants

The success of the Tikoly Network hinges on the dynamic interplay between four key roles: renewable energy system providers, customer users, renewable energy trade liquidity providers, and the platform itself. A critical review of their trading relationship reveals a symbiotic, yet complex, system.

Renewable Energy System Providers (The Supply Side): These are the core data providers. Their role is to generate energy and report this data verifiably via their tiktag.app node. They initiate the economic cycle by minting and selling Forward TIKO tokens (FTIKO). This mechanism allows them to raise capital upfront for their hardware and operations. The platform incentivizes this role directly by providing a portion of the initial TIKO token supply to “the first wave of data providers.” In essence, they are selling a promise of future energy, which is a direct claim on a future TIKO token.
Customer Users (The Demand Side): These users consume energy, triggering the final step in the token lifecycle. When a user’s appliance verifiably consumes 1 kWh of electricity, they must “pay” for it by burning 1 TIKO token. This transaction completes the energy cycle, reducing the token supply. The critical exchange here is from real-world energy consumption to on-chain token burning, directly linking the token’s value to physical economic activity.
Renewable Energy Trade Liquidity Providers: These participants provide the necessary market depth for the entire system to function. The platform allocates a significant portion of its initial TIKO supply (15-25%) to incentivize these providers. They operate through the Dual Flow Batch Auction (DFBA) model, providing liquidity for the core TIKO/USDT pool and the project-specific FTIKO/TIKO pools. This role is crucial because it ensures both the on-chain value of TIKO and the ability for investors to convert their FTIKO promises into a liquid, present asset. Without this liquidity, the financing mechanism would fail, as investors would have no viable exit.
Tikoly.com Platform: The platform itself acts as the central orchestrator and economic engine. Its primary role is to mint the initial TIKO supply, distribute it to kickstart the network, and manage the core tokenomics (minting TIKO upon generation, and burning TIKO upon consumption). It also provides the governance framework and the DFBA marketplace, ensuring a tamper-proof and efficient environment for all transactions. The platform’s success is directly tied to its ability to align incentives across all other roles, ensuring a self-sustaining ecosystem where energy generation and consumption are cryptographically linked to on-chain value.

2.3 The Need for Verifiable and Transparent Energy Data

To efficiently finance, trade, and utilize renewable energy on-chain, the underlying data must be verifiable, immutable, and transparently accessible. This requires a new approach to data sourcing that can cryptographically link on-chain tokens to real-world energy events.

3. Solution Overview: The Tikoly Network

The Tikoly Network provides a decentralized and transparent infrastructure for bringing Real World Asset data on-chain using verifiable data oracles.

3.1 From Trusted Data to Trustless Proof

Tikoly empowers a decentralized network of data providers to supply real-world data streams. This distributed approach minimizes reliance on single entities and enhances the resilience and censorship resistance of the data feeds.

3.2 High-Level Architecture: Proof, Not Promise

The Tikoly Network architecture comprises decentralized nodes responsible for sourcing, verifying, and submitting RWA data to smart contracts via a robust oracle mechanism. The network is designed for scalability, security, and interoperability across various blockchain platforms.

4. Tikoly Network Design

4.1 Tikoly Node Architecture

Tikoly nodes are the backbone of the network, responsible for connecting to real-world data sources, processing and verifying data, and interacting with the blockchain. Nodes utilize secure hardware and software to ensure data integrity.

4.2 Network Communication and Data Flow

Data flows from real-world sources through Tikoly nodes, where it is validated and aggregated before being transmitted to the blockchain via the oracle protocol. Secure and efficient communication protocols are employed to ensure timely data delivery.

4.3 Data Integrity and Audit-ability

Leveraging technologies like Immudb at the data source and implementing cryptographic proofs, Tikoly ensures the integrity and audit-ability of the data. Every data point delivered on-chain can be traced back to its origin and verified.

4.4 Cross-Chain Integration

The Tikoly Network is designed to be blockchain-agnostic, supporting integration with multiple blockchain platforms to serve a wide range of dApps and RWA tokenization initiatives.

4.5 Security Considerations

Security is paramount. The network incorporates robust security measures, including cryptographic data signing, decentralized consensus mechanisms for data validation, and staking-based incentives and penalties to ensure node operator honesty.

5. Tokenomics

Tikoly.com’s tokenomics are designed to create a self-sustaining, decentralized platform for financing cross-border trade in the renewable energy sector. The model is centered on the principle of providing a “value basin” for large, illiquid transactions, fostering a transparent and efficient ledger and payment system. The native TIKO token is central to this design.

5.1 Core Components: A Multi-Token System on Solana

The ecosystem operates on a token system built on the Solana SPL standard for efficiency and compatibility with modern wallets like Backpack. It includes the platform’s native token (TIKO) and a special class of tokens representing future energy production.

5.1.1 TIKO (The Platform’s Native Utility Token)

TIKO is the central economic engine and base currency of the Tikoly.com platform. Its functions are:

Primary Medium of Exchange: All project financing and trade transactions are priced and settled in TIKO.
Base Liquidity Asset: TIKO serves as the base pair for all project tokens (e.g., FTIKO/TIKO) and is the primary bridge to external capital via a core TIKO/USDT liquidity pool.
Staking & Security: Users stake TIKO to participate in governance and provide economic security for the platform.
Governance: Holding and staking TIKO will grant voting rights on platform-wide decisions.

5.1.2 Forward TIKO Tokens (FTIKO)

To facilitate the financing of future renewable energy generation, the platform introduces Forward TIKO tokens (FTIKO).

Purpose: An FTIKO represents a claim on 1 kWh of future, yet-to-be-generated electricity. It is used by project developers to raise capital upfront for new energy projects.
Nature: FTIKO tokens are not a form of debt, but rather an equity-like claim on future production. They can be traded on secondary markets.

5.2 Token Lifecycle: The TIKO Energy Cycle (Mint & Burn)

The total supply of TIKO is designed to be dynamic, reflecting the core business of the network: verifiable real-world activity, such as renewable energy generation and consumption.

Step 1: Financing Future Demand (Minting FTIKO Tokens): A renewable energy system provider (e.g., a solar farm operator) launches a new project on the Tikoly.com platform. To raise capital for hardware and operations, they mint and sell FTIKO tokens.
Step 2: Proof of Generation (Minting TIKO Tokens): Once the energy asset is operational, its on-site Tikoly node uses zkTLS to verifiably prove energy generation to a smart contract. For every 1 kWh of energy verifiably generated, 1 new TIKO token is minted. This newly minted TIKO is used to redeem a portion of the previously sold FTIKO.
Step 3: Proof of Consumption (Burning TIKO Tokens): An energy consumer uses a verifiably connected appliance (e.g., a smart cooker) and verifiably consumes 1 kWh of electricity. To complete the energy lifecycle, 1 TIKO token is burned. This token burning mechanism ensures a deflationary pressure on the token supply, directly linking the token’s value to real-world energy consumption.

5.3 FTIKO vs. TIKO: A Symbiotic Relationship

While TIKO and FTIKO are deeply interconnected within the TIKO Energy Cycle, they serve distinct roles. Understanding their differences is key to understanding the economic model of the Tikoly platform.

TIKO: The Foundational Currency: TIKO is the universal utility token of the ecosystem. It functions as the primary store of value, medium of exchange, and governance instrument. Its total supply dynamically expands and contracts based on the actual generation and consumption of energy, making it a direct representation of real-world economic activity on the network. It is the base currency and lifeblood of the energy economy.
FTIKO: The Project-Specific Financing Tool: FTIKO, in contrast, is a specialized, project-specific financial instrument. Its sole purpose is to facilitate upfront capital formation for future energy generation. It acts as a futures contract, allowing investors to fund specific renewable projects and earn a yield. An FTIKO is essentially a promise for a future TIKO, contingent on verified energy production. It is the bridge that connects real-world capital needs to the on-chain TIKO economy.

In short, FTIKO finances the future, while TIKO represents the present value of generated energy. The conversion of FTIKO (burned) into TIKO (minted) is the critical event where a future promise becomes a present, liquid asset within the Tikoly ecosystem.

5.4 Bootstrapping the Network: Initial Allocation & Incentives

The initial issuance of 1 billion TIKO tokens is strategically allocated to solve the classic cold start problem for a new marketplace by incentivizing all necessary roles from day one. This creates a positive feedback loop that drives initial network activity and growth.

For Early Investors & Fundraising (e.g., 20-30% of supply): To secure seed capital for development and operations.
For Data Providers (Supply-Side Incentives, e.g., 20-30%): To ensure a rich supply of valuable, verifiable data on the marketplace from day one.
For Liquidity Providers (Economic Foundation, e.g., 15-25%): To create a stable and liquid market for TIKO by providing liquidity to the core TIKO/USDT pool and key project pools (like FTIKO/TIKO).
For the Community & Ecosystem Fund (Growth Engine, e.g., 15-25%): To foster long-term growth, partnerships, and community engagement.
For the Team & Advisors (Long-Term Alignment, e.g., 10-20%): To align the core team with the long-term success of the project via a vesting schedule.

5.5 Liquidity & Value Exchange: The Capital Formation Layer (DFBA)

Tikoly.com will operate with a single, specialized mechanism for value exchange, exclusively using the Dual Flow Batch Auction (DFBA) model. This design is built to support the specialized needs of financing real-world assets and cross-border payments.

Purpose: The DFBA is a specialized marketplace for large, illiquid, and project-based assets. It is the sole method for raising capital and executing cross-border payments on Tikoly.com.
Mechanism: The DFBA is used for its intended purpose: to finance the sale of FTIKO tokens and to raise capital for cross-border tech and goods trading. By batching orders at fixed intervals (e.g., daily or weekly), this model prevents front-running, ensures uniform pricing for all participants in a batch, and reduces slippage. This approach is perfectly suited for a time-insensitive capital event.

5.6 Staking & Governance

In addition to providing a mechanism for capital formation, staking TIKO offers specific benefits to incentivize participation and align interests.

Staking for Security: Stakers provide economic security for the platform and the integrity of its financing operations.
Governance: Governance rights, tied to holding and staking TIKO, will allow the community to propose and vote on changes to marketplace parameters and the future development of the Tikoly.com network, ensuring a decentralized and community-driven future.

6. Use Cases for Real World Assets

6.1 Overview of Supported RWA Verticals

Tikoly is designed to support a wide range of RWA verticals, including but not limited to:

Renewable Energy Consumption and Production Data
Smart Meter and IoT Device Data
Environmental, Social, and Governance (ESG) Reporting
Carbon Accounting

6.2 Potential Applications

Verifiable RWA data streams from Tikoly can power numerous dApps and use cases:

DeFi: Enabling RWA-backed lending platforms and tokenized real estate markets.
Tokenization: Providing the necessary data infrastructure for the transparent and verifiable tokenization of various real-world assets.
On-Chain Carbon Trading: Using verifiable energy data to power transparent carbon credit markets.
Supply Chain Management: Creating transparent and automated supply chain tracking and execution based on verifiable data.

7. Roadmap

7.1 Development Milestones

A detailed roadmap will outline key development milestones, including:

Network design and protocol finalization.
Node software development and testing.
Tokenomics implementation and smart contract audits.
Testnet launch.
Mainnet launch.
Cross-chain integrations.
Development of developer tools and SDKs.

7.2 Network Expansion

Future expansion plans will focus on onboarding more data providers, supporting additional RWA verticals, and fostering a vibrant ecosystem of dApps utilizing Tikoly data.

8. Team

Chance Jiang, Director (Interim)
Ryan Sy, Business Director
ZoomQuiet, CTO and Tech Auditor
Artem, CTO and Engineering Chief

9. Conclusion

The Tikoly Network provides a crucial piece of infrastructure for bridging the gap between the real world and blockchain ecosystems. By enabling verifiable, decentralized, and transparent access to Real World Asset data, Tikoly unlocks the potential for a new generation of dApps, RWA tokenization, and data-driven decentralized applications, paving the way for a more connected and efficient digital future.

10. Appendix

10.1 Glossary of Terms

RWA: Real World Asset. Tangible or intangible assets that exist outside of the blockchain.
TIKO: The native utility and economic token of the Tikoly Network. It is minted upon verified energy generation and burned upon verified energy consumption.
FTIKO (Forward TIKO): A project-specific token representing a claim on 1 kWh of future, yet-to-be-generated electricity. It is used to finance new energy projects.
DFBA (Dual Flow Batch Auction): A type of auction mechanism designed to facilitate price discovery for large, illiquid assets while minimizing front-running and slippage.
Tiktag Edge Node: A device or system responsible for collecting and reporting real-world data (e.g., energy generation or consumption) at the source.
Immudb: A tamper-proof database that provides verifiable data integrity.
Slashing: A mechanism where a portion of a staker’s tokens are removed as a penalty for malicious behavior or providing incorrect data.

10.2 Project Volta | Empowering Creative Cooking Businesses

Project Volta is a campaign focused on donating new energy smart cooking pots to street food vendors, leveraging real-time data for project success.

10.2.1 Introduction to Project Volta

Project Volta is a social impact initiative aimed at supporting street food vendors by providing them with energy-efficient and smart cooking technology. This campaign seeks to improve working conditions, reduce environmental impact, and potentially increase the economic viability of these small businesses.

10.2.2 Project Goals and Objectives

To provide new energy smart cooking pots to a target number of street food vendors.
To improve energy efficiency and reduce reliance on traditional, less sustainable cooking methods.
To collect and analyze real-time usage data from the smart pots.
To demonstrate the positive impact of technology adoption on informal economies.

10.2.3 Target Beneficiaries

The primary beneficiaries of Project Volta are street food vendors in specific geographic areas, particularly those who currently rely on less efficient or environmentally friendly cooking equipment.

10.2.4 Project Activities and Implementation Plan

The project involves sourcing and distributing the smart cooking pots, providing training on their usage, and implementing a system for collecting real-time data from the devices. The implementation plan includes outreach, distribution events, training workshops, and ongoing technical support.

10.2.5 Expected Outcomes and Impact

Expected outcomes include reduced energy consumption, lower operating costs for vendors, potential improvements in air quality, and a better understanding of the energy usage patterns of street food businesses. The impact aims to be both economic and environmental.

10.2.6 Monitoring and Evaluation Framework

A monitoring and evaluation framework will be established to track the distribution of pots, monitor their usage through collected data, assess the impact on vendors’ businesses and the environment, and gather feedback from participants.

10.2.7 Leveraging Real-time Data for Project Volta Success

Real-time data collected from the smart cooking pots through mechanisms potentially integrated with the Tikoly Network can be leveraged to:

Monitor the usage and effectiveness of the donated equipment.
Quantify energy savings and environmental impact.
Identify maintenance needs or issues with the devices.
Provide data-driven insights for future project iterations or similar initiatives.
Potentially provide verifiable on-chain evidence of the project’s impact for transparent reporting to donors and stakeholders.