Unseating Bitcoin: Previous-ICO Assessment | СryptoСomes

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TokenPay (TPAY) positions itself because the world’s most safe coin and fee platform, and whereas it has much more bells and whistles to supply than Bitcoin or Litecoin, its downfall is that it's not Bitcoin or Litecoin and doesn’t have a robust sufficient title to be extremely acknowledged or used as a mass fee processor. Earlier than going additional, let’s take a look on the financials.

Financials

TokenPay’s ICO ran from Dec. 7 to Dec. 26 2017 and raised $40.eight mln in funding. The present market cap is about $45 mln with a day by day commerce at just below $300,000.

The token entered the buying and selling markets at $1.22 on April 5, 2018, and took off. It reached its excessive of $10.79 by April 22 earlier than settling right down to $3.19 on the time of writing.

The present worth continues to be above the entry worth so they're doing one thing proper to maintain it there.

All about paying

TokenPay is a Proof-of-Stake (PoS) system, whereas the Bitcoin community is powered by Proof-of-Work (PoW) mining. This makes transaction far more environment friendly and more cost effective because it avoids paying excessive switch charges to miners.

In line with the web site, “At the moment, TokenPay Swiss AG owns 9.9 % of WEG Financial institution, and the Litecoin Basis owns one other 9.9 %, and TokenPay Swiss AG has the choice (and monetary capabilities) to accumulate upwards of a further 70 % possession rights.

Buying this financial institution will enable TokenPay Swiss AG to place itself because the crypto-market chief in service provider settlement companies, specifically for these retailers that aren't glad with conventional excessive processing charges and stringent compliance points.”

That being stated, TokenPay positions itself additional to turn into a serious processor of funds.

Privateness and safety

TokenPay is an ultra-privacy coin. It accommodates a number of distinctive options corresponding to multi-signatures, ring signatures, dual-key stealth addresses, ZK proofs (zero-knowledge), together with a completely encrypted and decentralized Tor community integration.

TPAY is the spine of TokenPay’s essentially core cryptocurrency-friendly banking integration.

Crypto debit playing cards

In 2019, TokenPay plans to launch its Blue Diamond crypto debit card that can enable customers to, “seamlessly combine together with your digital forex pockets of alternative, enabling you to simply load your forex of option to your debit card.”

You'll then have the ability to use or spend your forex at any bodily or digital level of sale terminal and may have unfettered entry to fiat at hundreds of ATMs worldwide, enabling seamless fiat withdrawals.

Cost processing on the backend shall be performed by way of a closed-end real-time personal trade, owned completely by a licensed and controlled TokenPay entity,” in keeping with the web site.

Group

Derek Capo- CEO

Capo’s is the previous Vice President of Worldwide Relations at RoboTerra, founding father of Subsequent Step China, LLC and co-founder of eFin.com, he was additionally a hedge fund analyst and has a bachelor’s diploma in enterprise administration from FIU.

Joey Pacetti- CFO

Pacetti is presently the Vice President at Capital Financial institution Monetary Corp the place he handles mergers and acquisitions. He has an intensive background as a CPA and is primarily chargeable for serving to to research acquisitions and partnerships each overseas and within the US.

Carlos Salzar- Techniques Administrator

Salazar has intensive expertise working with a big portfolio of enterprise choices from corporations corresponding to Cisco & Microsoft. He's primarily chargeable for the service provider companies API in addition to a number of different tasks. He has intensive expertise growing API’s for on-line on line casino corporations and strives to construct high-quality implementations for TokenPay.

On the fence

Whereas the corporate has many nice options related to their coin, they're solely about 50 % full with the ultimate product.

Subsequent yr would be the make or break time for TokenPay, relying on the success or failure of the Blue Diamond debit card.

As soon as it's launched they must compete with others in the identical crypto debit card business.

We reached out for extra info, most significantly, what number of registered customers are there? As a result of if you wish to be higher than Bitcoin, you could be higher, however you might want to be greater than Bitcoin. Nonetheless, we had been met with silence.

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