Since it has been announced on BitCoinTalk forum, I have been following the thread, checked the website, browsed through the whitepaper and lately checked the TPAY apps on Google Play Store. There are many ICOs nowadays that open their crowdfunding sale but only very few has started their development. Some even do not have a whitepaper to present or a simple website.
Based on the roadmap and presentations of TokenPay on various social media accounts they have, part of the current team had been working on TPAY project since the 4th quarter of 2015. In fact, as early as 2010, there was already a group working on a startup called TokenPay and the mission was clear.
TokenPay wanted to provide a secure and anonymous way for a consumer to pay a merchant by credit card. Due to many factors, it was only in late 2016 that the project TokenPay took off and now is on its ICO stage.
Reading through the whitepaper, TokenPay was compared to the leading crypto coins in the market today including Monero, Dash, Bitcoin and ZCash. In terms of architecture, only TokenPay will be based on Proof-of-Stake while the others are based on Proof-of-Work wherein in order to be rewarded, miners must invest on expensive mining rigs in order to mine. With proof-of-stake, a desktop or mobile phone with wallet opened can earn a yearly reward interest of 5%.
Banking institutions maintain the privacy and anonymity of their clients. This is one of the reasons why cryptocurrency was conceptualized, for transactions to be anonymous. But somehow, there are still ways to figure out the personality of who made the transactions. With TokenPay's technology and TOR network integration, it can deliver a more secure and anonymous, untraceable, unlinkable transactions using stealth addresses and ring signatures.
Not only in transactions does TokenPay offers security. It also offers security of the tokens stored in the TokenPay branded paper wallet with key generator. TheTokenPay Paper Wallet is a physical document that contains all of the necessary data that is required to generate the essential TPAY private key. This can be the most secure way of storing TPAY because the wallet is not exposed
to malware. It can be stored in a private safe
Although driven by cryptocurrency, TokenPay's team envisions to integrate a LICENSED INTERNATIONAL BANK by forming a new bank charter, partner or acquire a licensed bank in Vanuatu. One such current negotiation is with a bank that has a great reputation and all the necessary
relationships to make international transfers possible. This bank also has a relationship with Mastercard through an affiliate which will pave the way for the integration of debit card called the BLUE DIAMOND debit card.
The concept behind the fully integrated BlueDiamond debit card is that it will likely be smooth to load given its direct connection to the TokenPay digital wallets. Therefore, spending may be accomplished in reality or at any point-of-sale merchant both online or in person.
"Additionally, the global debit card allows instant get admission to to multi-currency budget at network computerized teller machines. Transparent pricing and low fees make the BlueDiamond debit card a totally attractive mechanism for cashing out virtual tokens to allow hard asset purchases.Additionally, the international debit card allows instant access to multi-currency funds at network automated teller machines. Transparent pricing and low fees make the BlueDiamond debit card a very attractive mechanism for cashing out digital tokens to enable hard asset purchases."
TokenPay has many other unique features that other tokens don't have. Visiting the website is encourage. Investment wise, this can be one of the most promising ICOs once it opens and will surely enjoy longevity like its contemporaries. The many years of waiting for TokenPay project to finally see the light is what drives Charles Moscoe, Strategy Advisor, together with the TokenPay team, to continue working on and make this project a success.
To know more about the project and participate in its ICO, visit the following links.
Website:
https://goo.gl/fydYHW
Whitepaper:
https://www.tokenpay.com/whitepaper.pdf
Facebook:
https://www.facebook.com/tokenpay
Twitter:
https://www.twitter.com/tokenpay
Telegram:
https://t.me/tokenpay
Bitcointalk ANN:
https://bitcointalk.org/index.php?topic=2400499
Happy Investing :)
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