What is Tangible?
Tangible or $TANGIBLE is the underlying infrastructure which powers the token economy it has built through "tokenizing" projects, with features to support this in a transparent way.
What does "Tokenizing" mean?
Tokenizing is simply the process of creating a token for a project. This can be for a person, product, service, company, non-profit and there is actually more examples of what can be tokenized. In the near future, we will see so much of what is centralized, become decentralized and the first step to realizing this is through tokenizing.
What steps are there to creating my token?
Tangible makes tokenizing extremely simple so that you can focus on what it is you do best. There are six steps to creating your token on Tangible. Step 1. Name your token project Step 2. Give your token a symbol (usually the project name with no spaces) Step 3. Upload an image to represent your token (square avatar). Step 4. Set the total supply of your tokens (this can be 1000 or 1 Billion, there is no right or wrong supply, but in the next FAQ we will give some tips to choosing your supply). Step 5. Set your fundraising stages, this is optional but has its benefits which we will also cover why you would want to set stages for your token sale. Step 6. Set your price, this will go hand in hand with your stages, whether five stages or one and we will go over more pricing tips and strategies.
How do I choose my total supply?
As previously mentioned you can set a supply of 1000 tokens or 1 Billion and still raise the same funds, the token price will simply be drastically different between the two...your token holder will own many more tokens in the 1 Billion scenario than if there is a limited supply of 1K. Someone might want to choose 1000 because they indeed want their token to be owned more exclusively. This could be for a number of reasons, but the main one is likely because the tokens created on Tangible are DAO tokens, which means it gives governing powers to the holders, plainly speaking it allows token holders to create a poll and cast votes which depending on the person or project may want less input rather than more.
A few quick examples to explain further:
Photographer - this artist wants their token to be extremely exclusive and only creates 999 tokens. This creates scarcity, increases demand and causes major FOMO for anyone who didn't get their hands on tokens early on. Limited tokens like this have the potential to increase drastically in price as long as there is a demand to own them.
Fashion Brand - this company wants their token to be owned by as many of their supporters as possible, they want to eliminate as much of a barrier to entry as they can and so they create 10 Million tokens. Now almost any of their followers can own tokens without breaking the bank. They want to create a strong community amongst their token holders, giving them all voting rights and by doing so they create a loyal army of token holders who now have a monetary incentive to see the brand succeed.
Artist - this artist wants to raise funds so they can buy new supplies, pay for stronger muses to pose for them and have a certain allocation of funds for marketing their work. The artist wants to be somewhat exclusive as they will be giving their token holders additional unique value such as discounts to their artworks and access to them as a resource if they have questions as an up and coming artist themselves, as such they don't want too many tokens but they want enough to have a strong knit community of artists and supporters. This artist creates 50K tokens.
Why should my token set fundraising stages?
One of the main reasons you would want to set fundraising stages is to give your backers access to buy the token at the earliest possible price. For example if you do five fundraising rounds where the token price starts at $0.10 and then by the fifth stage it is at a price of $0.50 it is of course a tremendous incentive to be an investor who purchased tokens in stage 1 rather than stage 5.
Another reason stages may be a good idea for you to consider for your token is that you raise funds gradually, from stage to stage. This can be a good thing for your project, you get the funds from stage 1 and you actually do what you say you are going to do with those funds. You show backers that you are responsible, that you bought the inventory, hired who you said you needed, have the marketing strategy ready to go etc. and now your backers will be excited to double down on their investment in stage 2. It also teaches you as the project owners control and patience, if you were given all the money upfront it can be a difficult thing to manage what to do with that money, but when it comes in stages it is easier to delegate what needs to be done accordingly.
Stages is completely up to you and the project, but we do see a lot of benefits and few if any negatives to them.
How do I determine what initial price to set my token?
If you know how many tokens you are supplying , how much you want to fundraise and how many stages there are then your price is simply a product of this math. Ok, ok I'll give an example.
Total Supply 1M Tokens
Sale 800K Tokens (raising 500K USD)
Founders/Team 75K Tokens
Bank 75K Tokens (for operational expenses)
Platform Fee 50K Tokens
Fundraise Goal $500K USD
Use Of Funds
Four Fundraising Stages Each Allocating 200K Tokens At Each Stage
PRICE QUANTITY RAISED
$0.25 200K $50,000
$0.50 200K $100,000
$0.75 200K $150,000
$1.00 200K $200,000
TOTAL RAISED $500,000
What is the difference between Tangible House and Tangible or $TANGIBLE?
Tangible or you can also say $TANGIBLE is a token and technology that all other tokens on the platform "Tangible House" are created and built on. Tangible House is the curated marketplace for projects that the $TANGIBLE token holders vote and deem as worthy.