Just thought Adam I mean Aussiesloth would love this posted here 🍻
Retail Coins/Token- What They Are & How to Make the Transition
Retail Coins/Token- In Depth
Retail Tokens/Coins are a new breed of DLT technology built on Hedera Hashgraph that have retained specific qualities which are extremely unique to that of more traditional cryptocurrencies within the industry today. Specifically, for a project,ecosystem,token or coin to be considered a “Retail token/coin” and NOT a cryptocurrency, one must evaluate rather or not a specific project,ecosystem,token or coin meet the following criteria.The following criteria is what makes a true retail coin. ALL retail coins/tokens meet these requirements. If they do not meet all these requirements they are NOT retail tokens but are cryptocurrencies instead.
A RETAIL TOKEN MUST not be a security rather it is registered or not.For example, if you are a cryptocurrency you are in fact a security and NOT a Retail Token. Likewise, both securities & cryptocurrency that are not registered are still NOT Retail Tokens.
True Retail Tokens/Coins are never to be bought,sold,or traded on exchanges either decentralized or centralized. This is because RetailTokens/Coins are not and will never be created for the purpose of either speculation, trade or greed. Instead the value of the Retail Token/Coins, hinges upon the actual goods or services provided, just as in the real retail world. For example, unlike traditional cryptocurrencies which can be severely volatile, are securities,are limited in their use, present barriers and can still be rather difficult for some individuals/communities to use, a retail token, like a real good or service is priced accordingly by its creator, a store that carries the item or good or place of business that fulfilled these services (not artificially pumped by stablecoins) for that particular service(s) or good(s), this makes for a highly competitive space bring true utility to the DLT industry.
Self-Funded Spirit- Retail Tokens are self funded rather it be by one single philanthropic individual or a large group of individuals. This virtually eliminates the need for unnecessary business practices, ventures and most importantly, unnecessary changes in the core fundamental principles of the good or service that is being provided to the general public at large. Retail Tokens have no investors and are NOT investor funded. A fantastic comparison would be to think of the traditional mom & pop stores. No greed, no gimmicks, just the obtainment of the specific item, good or service you need. In and out. These were business/ventures built by everyday people to meet retail demand in their respective areas.
Retail Tokens have UPC/SKU Numbers/Barcodes and include any and all rental converters as well (rental converters are the equivalent to rental items, goods or services found in the REAL brick and mortar world outside the current. DLT, blockchain/cryptocurrency space).
Retail Tokens/Coins are classified as “products”. As such, products such as retail token/coins as well as their corresponding goods or services, are protected by the United States Constitution and individuals, organizations, foundations, business enterprises and so forth have protected property rights when directly utilizing/creating Retail Token/Coins unlike with securities/cryptocurrencies. This is yet another reason for cryptocurrencies and the current DLT to begin making the transition into becoming "Retail Token/Coins". By doing so, a token or project creator can protect themselves against SEC jurisdiction. Instead, since Retail Tokens are the ecosystems which have created and will provide specific services and goods in this manner, they are subject to Safeth Ministries in addition to the CPSC, also known as the Consumer Products & Safety Commission. An agency which works to protect the public from unreasonable risks of serious injury or death from thousands of types of consumer products. As such, Retail Tokens/Coins would fall under this specific jurisdiction because, Retail Tokens/Coins are used to facilitate the buying and selling of products. Subsequently, the goods and services created by, administered, converted rented, or sold by Retail Tokens, their creators, and communities’ products are also legally protected!
UPC/SKU Numbers/Barcodes can be found on each and every genuine Retail Token/Coin. This is because, Retail Tokens/Coins are NOT for speculation, trade or greed like traditional cryptocurrencies. Retail Tokens/Coins characterize their genuine items and represent the new classification for ALL Brick and mortar services providing utility which will soon make their appearance into DLT realm and its corresponding communities.
Moving Forward, from the time this paper is written and onward, it has been firmly established that ALL Retail Tokens will be built on and will actively utilize the Hedera Hashgraph DLT, this is because Hedera Hashgraph has retained specific qualities that make it eligible to be used as the official ecosystem of ALL Retail Tokens both presently in existence and in the future of the “Retail Coin/Token Industry”.
All Retail Tokens/Coins are subject to the jurisdiction of both Safeth Ministries as well as the Consumer Products & Safety Commission. This is because, Retail Tokens/Coins, concept, and the internal structural components are intellectual property of Reverend Cynthia Pustelak & Joseph Lathus of SAFETH Ministries. In addition, as leading experts in the field of emerging Retail Tokens/Coins, Safeth Ministries recognizes that their advice and guidance may be needed in order for all current DLT and Blockchian cryptocurrencies to successfully make the transition into becoming Retail Token/Coins. Furthermore, it is The Consumer Products & Safety Commission and not the SEC which has jurisdiction over Retail Tokens/Coins. A “packet” will be provided to all new and transitioning token projects.This packet will include, a checklist fulfilling both the essential requirements for successful transition into Retail Token/Coin status as well as a checklist to ensure products,goods and services align with safety product standards of the Consumer Products & Safety Commission.
How Cryptocurrencies Can Become Retail Token/Coins
Many organizations,groups and individuals reading this paper may say “Retail Tokens/Coins are “unneeded” and “useless” adding to more inconveniences then what is needed in a technological industry that is already beginning to face wide government crackdowns, sanctions, bans, and financial/monetary destruction. Rev Cynthia Pustelak and Rev Joseph Lathus of Safeth Ministries, creators of the 100%risk free, 0% interest payback free loan disagree with these statements and state that, quite simply, the industry needs simple restructuring to move forward & away from the traditional requirements, rules, regulation, laws, practices and procedures and all other tar pit traps, that have plagued traditional token/coin creators within the cryptocurrency and DLT industries. To do this, token creators, their teams and developers must focus on finding another way to achieve the end goal of mass adoption, seamless transactions, passive rewards, overall stability of their projects, coins, ecosystems, utility (usefulness) etc. To achieve this token creators and their developers MUST make the transition into becoming a “retail coin/token”. This means, creators MUST start incorporating sku, barcodes and suggest retail prices into & within their products/services, just as what is done within real “brick and mortar'' store settings! Furthermore,the removal of cryptocurrencies from both decentralized & centralized exchanges is just one prerequisite to a cryptocurrency becoming a “retail token/coin”. When a current cryptocurrency removes itself from both types of exchanges (centralized & decentralized) they are also removing greed and price SPECULATION out of the equation as well as the “securities'' aspect of their cryptocurrency transiting into a Retail Token/Coin. It should be mentioned that, it is the “securities” aspect within SEC (Securities & Exchange Commissions) and governmental laws currently on “the books” which causes the vast majority of NOT ONLY tokens with cryptocurrency industry to be forced to fulfill needed requirements akin to those of more traditional financial/investment companies and instruments, but by default also renders their COOs, CEOs, chairmen, boards, programming teams/developers, marketers and to a degree, influencers used as subjects within the jurisdiction of the SEC. With retail tokens/coins, users are highly encouraged to seek out other avid users of various retail token/coin platforms, ecosystems, products,goods and services. Likewise, Retail token/coin creators are highly encouraged (just as again, brick & mortar stores also do!) to advertise and market their retail tokens platforms, ecosystems, products, goods and services. With Retail Tokens, the means of a retail token/coin creator(s) obtaining funding is NOT ON EXCHANGES/DEX's but comes from successful MARKETING/ADVERTISING to consumers after the self funding stages.
Retail Tokens will cater to the essential needs of real people, organizations and businesses outside of the traditional current blockchain/DLT industry, moving forward and act as a bridge into the Blockchian/DLT. Not only will retail tokens be built on Hedera Hashgraph, they will also be pegged to Hedera. Price pegging to Hedera Hashgraph is essential because this leads to overall stability of both goods as well as services. In addition, it is the Retail Token/Coin which decides the “suggested retail prices” of both their goods and services of which are also subject to supply and demand. Retail Tokens/coins tokens also gain “price value/conversion value” when the price of Hedera increases Retail Tokens/coins are not securities, are a safe and viable alternative to the ever encroaching CBDC. Additionally, Hedera Hashgraph is built by some of the most trusted and reliable corporations in the world. These corporations are successful and remain successful for a reason! These corporations are extremely innovative, see the bigger picture, scope and overall importance that both DLT, this includes innovations such as Retail Tokens/Coins as well as their promising future.
Retail Tokens/Coins- Superior Economy With Customer Service
After an individual(s) secures a good/service with direct utilization of DLT Retail Coin/Token, one of the most important aspects after securing that particular good(s)/service(s) is the tracking/delivery of that specific good OR the successful completion of a service(s) when both parties are in agreement with service completion. In the time between the initial start of ordering/purchasing an item up until the delivery of a specific good(s) or completion of a service, customer service is paramount. Users, both sellers and buyers alike may have questions, comments or concerns about a specific good(s) or service(s) item in “progress” or “transit”. It is here, in this situation and others like it,that traditional cryptocurrency and DLT without Retail Token/Coins will fail because, currently, cryptocurrency and blockchain are by, at large NOT successfully utilized for real world goods and services. For example: NFTs, other cryptocurrencies, and various projects are limited. NOT everyone wants a NFT, or to buy other cryptocurrencies nor into jump into another ICO,or IPO. These are linked with securities and in many ways do not reflect the supply and demand for real world goods and services! They are NOT representing real world goods and services. To be quite frank, the world doesn't need cryptocurrency for just NFT's and the previous mentioned. The REAL WORLD needs access to REAL goods and services such as soap shampoo, food, clothing items and so forth.
One of the most important features that the current blockchain/DLT community lacks (and on a massive scale) is fantastic customer service.
Currently, times for receiving adequate customer service is horrid. So horrid in fact, that if ANY of the current blockchian /DLT projects/chains were “brick and mortar” retail, these businesses would have severely failed in meeting their customer services standards almost immediately! So why should we accept those standards for blockchain and DLT. We shouldn't. As users, we should DEMAND better and EXPECT better. As teams that build, brainstorm ideas and bring those ideas to active fruition, we must effectively collaborate in order to ensure customer service representation is just as fast and effective as the technology we are employing within DLT. By employing ALL successful means and methods of customer service representation which includes, but is not limited to both the real time tracking of goods as well as the real time tracking for “services” committed (rendered) with DLT, including “refunds” whenever possible for goods or services that have not been delivered or were “subpar “ and/or were expressed manufacturers defects. All of which is presently lacking and cannot be solved with Blockchain and current DLT. Quite simply, low fees, and fast transaction speeds are not enough for users to stay loyal or active to ANY particular blockchain technology nor DLT. Retail Token/Coins achieve this. Moving forward into the future, all Retail Token/Coins will have a superior customer service representation akin to what is both expected and experienced within brick and mortar settings.This includes but will NOT be limited to the ability to exchange goods in real time if they have any issues with a particular item or goods.
Getting the most of your DLT Hedera Hashgraph Retail Tokens/Coins
With all Retail Tokens currently & moving forward, it is highly important for users converting their retail tokens into native Hedera Hashgraph (HBar) to be fully aware that it's in their best interests to, price ALL of their goods & services in accordance with a specific retail token/coins “Conversion Out” rate, in order for users to take advantage of the best conversion out.
Retail Token/Coins & CBDC
While Retail Coins/Tokens have the potential to work with an injunction with CBDC's if needed, however retail tokens choose for the most part, to maintain their own integrity, within the scope of their utility as well as their own sovereignty. These ideas were made, developed and created by the Safeth Ministries. True Retail Coins represent their goods and services just as 7/11 has its own merchandise, Safeway and Walmart also have their own inventory stashes so do Retail tokens built on DLT Hedera Hashgraph.
Real world Examples Involving RetailCoin\Token
Retail Coin\Tokens are built upon Hedera Hashgraph DLT BUT are not securities unlike traditional cryptocurrencies. Currently, cryptocurrencies of all kinds can convert into becoming a retail token/coin at any time, so long as they meet the overall criteria for becoming a Retail token/coin mentioned above. With retail tokens,which are not securities, users can obtain essential goods and services which are found in everyday traditional brick and mortar store settings. When we combine this innovative idea to the real world, Retail Tokens work to finally solve problems that Bitcoin, other various cryptocurrencies, and still, current non Retail Token/Coins built on Hedera Hashgraph cannot. Currently, nationwide, and in other parts of the world, you still cannot purchase a candy bar from 7/11 (or some other store/vendor) with cryptocurrency. In order to do so, a user, would have to exchange whatever currency back from Bitcoin or whatever cryptocurrency they happen to use, for Dollars,Euros,Yen, etc. and in that process that user would relinquish a significant portion of their funds to fees for trivial things such as “network gas” and “conversion fees'' those of which still don't exist in the traditional banking system. As it currently stands, Cryptocurrency and DLT in their present form will benefit greatly from retail token/coins far more than they will benefit from being labeled securities by the United States of America,Security & Exchanges Commission (SEC). The overall potential for Retail Tokens/Coins are endless. Furthermore, the understanding of Retail Tokens/Coins will only grow as both the current DLT and the blockchain industry make the transition into becoming specific “retail token/coins” of their own in an effort to not only evolve into a better piece of technology, but also to fulfill the requirements of NOT BEING A SECURITY. Consequently, sparing them from NOT ONLY SEC regulation, fines, penalties and even jail time but also the IRS as well. The overall implications for Retail Tokens/coins is ever expanding with the full capabilities and capacity of Retail Tokens/Coins yet to be discovered/tapped into. An exciting future awaits!
