Community Call 3

Slide Deck for TOKI Community Call #3 - May 15, 2024

Topic: Stablecoin in partnership with Progmat
You can watch the recording here: https://www.youtube.com/watch?v=WDVq40zxCy4

To learn more about TOKI, please visit the links below!
X: https://twitter.com/tokifinance
Discord: https://discord.gg/SJHm9s9AFq
Medium: https://medium.com/@tokifinance

Transcript

1. IBC-enabled Cross-chain Infra for the Global Billions May 15th, 2024 Today: Stablecoin in partnership with Progmat
2. Daiki Founder Ed BizDev and Growth Speakers Alex Project Manager Moto Marketing Lead
3. • News & Updates • TOKI overview • Progmat’s stablecoin ◦ Datachain/TOKI/Progmat relationship ◦ Overview / Use-cases / Features • Roadmap • Q&A • Next session Table of Contents
4. NEWS and UPDATES! • Roadmap blog • XION partnership announcement blog • Landing page launched
5. TOKI’s vision Advancing an Open and Secure Finance Infrastructure for the Global Billions.
6. What’s TOKI? TOKI provides an open, secure, and easy-to-use cross-chain infrastructure. It aims to issue tokens for both messaging and liquidity layers. IBC-modules Relayer Multi-prover(Blog) TEE + MPC + ZK Any apps TOKI Liquidity IBC-modules Any apps TOKI Liquidity TOKI Messaging layer • 100% IBC-compliant, containing IBC-solidity, IBC-light clients, etc. • Efficient, scalable, and trust-minimized security model by a multi-prover. • Revenue source is messaging fee, and token issuance to be determined. 3rd party app layer • Any app is enabled to integrate with either TOKI liquidity or ibc-modules directly. • Those integrations will accelerate TOKI’s revenue. TOKI Liquidity layer • Enables users to make any type of cross-chain transaction with 1 click. • Supports blue-chip tokens as a bridge currency, USDC, USDT, ETH, Progmat, etc,. • Revenue source is swap fee, and TOKI token will be issued. Networks supported are expanding to and more
7. Multi-prover security model The answer is multi-prover security model in IBC, which combines TEE, MPC, and ZK to create an efficient, scalable, and trust-minimized connection. Relayer ibc-solidity LCP Client Any contracts ZK Verifier ibc-solidity LCP Client Any contracts ZK Verifier ELC (Enclave Light Client) EnclaveKey ELC (Enclave Light Client) EnclaveKey ELC (Enclave Light Client) EnclaveKey Proof LCP node LCP node LCP node ZK light client Proof TEE(SGX) + MPC 1. Submit a Packet 2. Verify a packet and generate a proof 2. Verify a packet and generate a proof 3. submit a packet with proofs 4. Verify proofs by LCP client and ZK verifier Starting from Cosmos with Succinct lab Economic security (PoS like) + Future plan
9. Solid relationship with Progmat TOKI and Datachain, have been technical partners of Progmat over the years, and Datachain has co-established Progmat. Tokyo Core Dev Dubai&Cayman Protocol Foundation Development Token allocation co-establishment Partnership 1. We have conducted many pilots to realize cross-chain payment over the past few years. 2. Progmat has requested us to be one of its stakeholders as a web3 tech expert.
10. What Progmat is Progmat was founded by top financial institutions and tech companies to establish a digital asset (RWA) platform, including the most reliable stablecoins. 2. Top Exchanges 3. Tech Experts 1. Top Banking Groups Stakeholders Digital asset platform for security tokens, stablecoins, NFT, etc
11. The features of the stablecoin We’ve captured a lot of attention from DeFi ecosystem as well as enterprises, thanks to its features. 1. The most reliable and safest a. Fully regulated electronic settlement instrument b. 100% backed by deposits with bankruptcy-remote 2. Variety of backed assets a. USD, JPY, EUR, and more 3. Issuance with top brands and more
12. Use-cases We aim to cover a wider range of use cases beyond DeFi. Particularly, cross-chain settlement for enterprise settlement under partnership with TOKI. 1. DeFi a. Swap, payment, deposit, liquidity, and more 2. RWA a. Security token settlement Total issuance of security token in Japan has exceeded over $1.5(B). 3. Institutional settlement a. International trading b. Cross-border payment c. Cash-pooling $1.5 tri. (via bridge) $15 tri. (Total) Market size by 2028 The fiat-based cross-border payment flow is around $150 trillion in 2022. Stablecoins are expected to reach up to 10% market share, and we anticipate that 10% out of the total flow would take place via bridge. market share by 2028.(Source1, Source2)
13. Overview of the partnership TOKI partners up with Progmat to support its cross-chain transfer, similar to CCTP. IBC-modules Relayer Multi-prover(Blog) TEE + MPC + ZK Burn/Mint IBC-modules Burn/Mint Partnership includes • Permission ◦ to burn/mint it from the TOKI messaging layer, IBC-modules. • Revenue share stablecoin (erc-20) stablecoin (erc-20) Networks supported are expanding to and more
14. Achievements A demo is already deployed on testnet. Blog: TOKI Achieved Cross-chain Transfers of Japanese Stablecoin via IBC on Public Testnets between Ethereum and BNB Chain
15. When the safest stablecoins meet the most comprehensive and secure cross-chain infrastructure, the entire finance world will make a difference beyond the current DeFi market.
16. Roadmap Incentivised testnet will go live in June/july, and Mainnet will be Oct-Nov. Network expansion and TOKI token issuance will follow. Roadmap plan • Testnet detailed announcement: June • Testnet for transfer only: June/July • Testnet, including pool/farm: Aug/Sep • β Mainnet Launch (BNB Chain<>Ethereum) - Oct/Nov End of 2024 • Integrations with 3rd party apps • Stablecoins debut and support Q1-2 2025 • Major Mainnet Launch - Network expansion up to 8 networks • TOKI token issuance / Airdrop • Governance activated • Collaboration with validators
17. AMA Session Please submit any questions in the Q&A box Questions from the community • Will there be jobs for local moderators? • Will the stablecoin issued on Progmat be a JPY stablecoin? • What’s the advantages of the partnership with Progmat over other bridges?
18. Follow us on　 ! @tokifinance Discord Social media & Community Landing page
19. SEE YOU NEXT TIME! Next Session: June 5th Next Theme: Discussion: Community Management Plan