Toknify is an ERC-20 index token on BNB Smart Chain backed by a basket of BTCB, ETH, WBNB, XRP, DOGE, SOL, XAU (Gold), and SPY (S&P). The smart contract accepts deposits of USDT or USDC, mints Toknify against underlying assets in tTOK10 is an ERC-20 index token on BNB Smart Chain backed by a basket of BTCB, ETH, WBNB, XRP, DOGE, SOL, DOT, and ADA. The smart contract accepts USDT or USDC deposits, uses Chainlink price oracles to mint Toknify equal to the USD value contributed, and lets holders redeem Toknify at any time for a pro-rata share of the underlying basket assets held by the contract.heir USD value using Chainlink oracles, and allows holders to redeem Toknify for a pro-rata share of the basket at any time.
Traditional ETFs are powerful, but centralized: access is gated by brokers and jurisdictions, settlement is slow, and redemptions are often cash-only. In DeFi, users want transparent, permissionless index exposure that can plug directly into smart contracts as collateral.
Toknify behaves like an ETF rebuilt for DeFi: fully on-chain reserves, oracle-based pricing, instant mint and redeem, and direct payout in the underlying assets. Anyone can verify collateral, anyone can participate, and anyone can integrate Toknify as a building block in their own protocol.
The initial basket is composed of ten liquid assets on BNB Smart Chain: BTCB, ETH, WBNB, XRP, DOGE, SOL, DOT, and ADA. All reserves are held by the immutable smart contract.
• Users deposit any mix of USDT or USDC tokens into the contract.
• For each deposit leg, the contract queries a Chainlink USD price feed and computes a USD value.
• The sum of all legs defines the deposit value in USD (18-decimals).
• The contract mints exactly that amount of Toknify to the depositor (1 Toknify = 1 USD unit at mint time).
• Holders call redeem(amount) to burn Toknify.
• The contract calculates the user's fraction of total supply (amount / totalSupply).
• For each basket asset, the contract transfers that fraction of its on-chain balance to the redeemer.
• A capped redeem fee, if enabled, is taken in Toknify and sent to the fee receiver address.
• The contract owner can adjust the redeem fee only up to a hard cap.
• Basket assets cannot be withdrawn via the rescue function; only unrelated tokens can be recovered.
• Chainlink oracle results are checked for validity to reduce oracle risk.
• ReentrancyGuard protects mint and redeem flows; token transfers use SafeERC20.
The Toknify index is anchored to a single on-chain contract deployed on BNB Smart Chain at 0xE56C60A768538d411C397E5ee2d813AA04F6f1c4. Even if the primary interface is offline, users can still read state, verify reserves, and interact with the protocol directly via the contract page on BscScan (using the "Read Contract" and "Write Contract" tabs with a connected Web3 wallet), or through any compatible BSC dApp browser.
Toknify is designed to be composable: it can be paired in DEX liquidity pools (e.g. Toknify/USDT, Toknify/USDC), used as collateral in lending markets, or embedded into structured products, automated vaults, and DAO treasuries as an on-chain index primitive.
Key risks include smart contract bugs, oracle outages or manipulation, underlying asset risk, chain congestion, and liquidity risk in external DEX pools. Toknify is not a regulated security or fund. Users should only interact with amounts they can afford.
