So TXT is an ERC20 token, correct? You guys have built a very cool platform prototype and i can see the potential. What is the utility of the token? Being that you are a project based on dapps development, will the platform be able to generate income for the company or are you just relying on being able to sell tokens as the price goes up after it gets listed on an exchange?
yes, that is a very good question. Yes
TXT is an ERC20 utility token. TXT is the main token of our eco-system.
For our flagship platform it will require a payment of TXT to use the platform. This initial fee is to create your ERC20 tokens & your account profile that will show in our listings. You will also automatically have the ability to offer your tokens in the
TuneTrade P2P exchange.
To further answer your question there are 4 ways our platform can be monetized.1. Initial ERC20 coin & listing creation. (This not only gives the token utiltiy but creates liquidity because people have to buy TXT token to use the platform
2. When you create your intitial listing and tokens, you have an option to batch create your tokens or create an entire ICO/Token sale. If the creator chooses to do this our platform will take a small % less then 5% of the eth raised.
3. IF a token creator decides to offer their tokens in the p2p exchange there will be a small % fee if someone buys the coins.
4. The platform will have both a premium listings section as well as a some advertising locations. These will be purchaseable with our TXT token, which once again provides extra liquidity.
Indirectly
5. We will also have other availabe products & services by TuneTrade or 3rd parties such as wordpress plugins, airdrop bots, Discord bots & Token sale consulting that will be offered to new token creators looking to further promote their new Brand or project tokens.
But TuneTrade will not stop there. We have a list of potential DApps we will build to help creators utilize their tokens. In fact we already built an ERC20 scheduling/vesting/automatic payment app that is currently live on the Ethereum network for anyone to use here
https://txt-scheduler.herokuapp.com/We have long-term plan and road-map building out what we think is the future.
Ok thanks, that really gives a good picture of the various moving parts. Sounds like the platorm could do really well if creators take to it and start using it. Do you guys have any specific plans on how to market and build awareness to get a user base?
Yes, we have a list of influencers, bands & Youtubers waiting for the beta release. Once it is released we will be helping them step by step through the process of using our system to tokenize their brand. We will be showcasing their experience and results via vlogs, our socials and their socials. We will also create examples and tutorials of their creative use-cases. We feel showing through examples will be a much more powerful way to attract users, instead of simply writing a doc with intentions.
In addition we will be running SEO keyword targeting blogs, vlogs & guest articles to spread the word and direct people to the examples and tutorials. We also have 2 video tutorial experts that will begin creating everything from crypto learning for beginners to power-user how-to's for anyone looking to take things to the next level.
Thank you, I appreciate the detailed response. I have a client who could really use the idea of their own community based token to promote their influence, brand & exclusive products. What about for complete newbs that want to get started, but do not have a clue how to do any of this stuff? Even the thought of watching tutorials scares them.
Good point. We were thinking of a couple solution for complete newbs that would like to tokenize their brand but don't want to have to learn a ton upfront.
1. We were planing on adding an in house service to walk people through the entire setup process at the beginning, possibly even doing everythnig for them, then just handing them their tokens or token sale all set. We will be offering addon solution eventually like custom airdrop bots, telegram bots, discord bots & as well as third party referring.
I could see ICO consultants using the platform as a new unique tool to easily jump start small & medium projects.
2. We also plan on starting an ambassador program in our telegram/Discord that would reward people for walking newbs through the process. These would be selected ambassadors that would earn a TXT reward for.
3. For those willing to invest a little time in self learning we plan on having high quality detailed video tutorials on everything in both long & short form.