Blockchain technology is quickly gaining traction in the mainstream and every industry is incorporating it in one way or another. From finance, agriculture, transport, gaming, entertainment, education, energy, real estate even governments are exploring blockchain.

With this in Mind we dive deeper into the concept, go beyond the simple definition of the term. After understanding its basics, what next?You know the meaning of the word, you have looked up it’s advantages, you have experienced real life uses of the technology and now what?

With so many Initial coin offerings coming into the market claiming to that they fully understand blockchain and are ready to implement it into there products or services it is easy to get confused and even harder to filter which ones have full knowledge and capabilities to use blockchain. See the concept is simple but often overlooked.

Tokenomics is simply the design behind a token. Once an investor works around this they will hardly fall prey into any scams. Above is just a simple definition.Token design is broken down into various aspects. As the topic suggest i will use the token ImpalaCoin to define tokenomics by breaking down its design, listing and answering some of the questions you should ask yourself when defining the tokenomics of a particular token.

Why did you create a (crypto)token?

A convergence of mobile money and crypto is the best of both worlds. Mobile money/virtual FIAT has

met cultural acceptance whereas cryptocurrencies are easily accepted as a medium of exchange

ICM will ease if not eliminate the process of cross border trade in Africa and emerging markets that are

highly fragmented with too many currencies that are not easily exchangeable and are governed by strict

regulations This will allow informal and SME traders to scale up and gain access to bigger markets

enabling financial inclusivity

2. What is the token supposed to do?

 Enable cross border trade

 Store value as a primary means for financial inclusion

 Create a means of identification

 Build an active trade community as the backbone of the ecosystem

 Be a border free currency that Is tradable with other currencies

 Establish a credit rating system

3. What behavior are you trying to incentivize or elicit from your users, partners, or other stakeholders with your token?

-To eliminate distrust, loss and fraud in international trade

-Eliminating the cumbersome nature of cross border trade by easing the trade process

-Participation of the vast majority that do not have credit cards

4. What effects will a lower token price variation have on your business?

Low prices are likely to discourage merchants within our agent network and super agents as they may

see lower returns on their residual and commission payments. Higher prices may encourage hoodling due to further expectation that the price will increase this will put importers at a disadvantage because of high costs.

5. Do you expect people to hold your token for a longer period of time?

No. This will cripple its intended use which is to facilitate transactions within our ecosystem or network. If people hold on to it for long periods of time it will be affected by the demand and supply causing prices to shoot up and this negatively affects users within Impala Platform since the token will be highly valued because of scarcity

6. Would your token work without it being traded on a cryptocurrency exchange?

Yes, because it is a utility token designed to get used within our ecosystem it will therefore be useful whether in an exchange or not

7. What actions could a bad actor take to manipulate the price of the token?

A bad actor may seek to buy a lot of tokens when the prices are still low from users who can use the tokens within the ecosystem this will lead to scarcity of coins to be used within the ecosystem creating an unpredictable environment

We have measures to mitigate if such a situation arises;

Release more tokens to the public thus reducing the token price forcing a bad actor to sell of their coins to real users

If the supply of the coin is a flooded, we will buy the coins back and either freeze or burn them

8. Would this platform still work when your token is replaced by Ether or another crypto- or non- cryptocurrency?

Yes, it is already functional with FIAT currency

Is the token a principal payment unit, essentially functioning as an internal currency?

Yes, and it can be traded within the ecosystem and Over the counter

9. How user friendly is this interaction with ICM token?

We have a user friendly interface and all trading is done in the background this accommodates users who have little knowledge in crypto

10. Does the coin have inflation?

The Stellar network has the ability to add inflation to its assets and in fact the base Lumens which power the transactions have a 1% annual inflationary model designed to keep its price forever low. After much consultation we found that users appreciated and value the non- inflationary aspect much like precious metals and most crypto currencies and therefore ICM has no inflation.

11. How does ICM intend to scale up the value of it’s utility token?

ImpalaPay is a leader in mobile money networks interoperability. ICM is designed to work seamlessly with mobile money which is really virtual Fiat money and a form of a stable currency. ICM is therefore designed for mass adoption.

Airdrops are an incentive for super agents who create a value chain of merchants growing the ecosystem. This airdrops can be redeemed for exchangeable gift vouchers, international remittance and processing payments

12. What platform is the ICM token built on?

ICM will be leveraging the Stellar platform for the issuance of its tokens. Stellar is a highly sophisticated and secure platform that is trusted by major banks and reputable companies such as IBM and Deloitte.

Development and management of proprietary blockchain solutions carry certain security risks that them Stellar platform protects against. Developing on Stellar will enable us to focus resources on marketing, and expanding acceptance across our target remittance corridors.

13. Is it possible to integrate with your business?

Yes send an email to tokens@impalacoin.network