TokenChat

This is the age of cryptos. The digital form of currencies has shook up the financial world and has taken the globe by storm. Every day, there are new cryptocurrencies being announced. Each claims to be better than the last and have a revolutionary idea. Each of the digital token or coin is marketed as the next leader in value. The whole marketing campaigns are designed to attract customers on the basis that early investment in the coins will give them great gains in value.

This leads to a very big problem: Hoarding. The coins and tokens are saved by investors and held for long periods of time. Driving force being the lust for value. A disruptive practice, this does increase the value of the coins by artificially increasing the demand to supply ratio, but it is a temporary effect. As the frenzy dies out, the market crashes and people lose a lot of money. This happens to the very best and established coins. Take Februarys price drop of Bitcoin. The frenzy a couple of months back caused the price to surge immensely. Later, when the hype was over, it lost nearly half of its value.

The obvious answer to stabilizing price is to model cryptocurrencies in a manner that users and holders are encouraged to spend it. The more frequent circulation of the coin or token is-the more stable the price is and transactional cost go down.

What is TokenChat

TokenChat is a Japanese initiative that believes in the concept of cryptocurrencies truly being a form of money, rather than a digital version of gold or gems. TokenChat does it by creating a consumer demand, enabling cryptos to be used in everyday life and stabilizing price fluctuations.

Taking example of Bitcoin, we can see that there are three major problem that is stopping from mass adoption of the coin: Urgency of holding the coin, heavy transfer fee and fluctuations in value. TokenChat will break these taboos.

Why Use TokenChat

TokenChat is primarily a messaging application that enables two or more people to connect in many different ways. The chat enabled wallet application is built on the blockchain technology and is designed to connect financial services such as payments and purchases to applicable and supported cryptocurrencies.
The instant messenger, like all messenger, allows for instant sending of text, audio and video messages either in individual communication or in groups. Along with these, the following functions are also available:

   Money transfer: Since the instant messenger is an additional layer over TokenChat wallet, users of the messenger can send and receive cryptocurrencies with their friends easily. All users have to do is select the send option in a chat, input the amount of crypto to be sent and click away! Thats easy and so simple.

   Erasable Messages: Blockchain and decentralization is all about privacy. Keeping this in mind, TokenChat has an erasable message option. This allows users to set a defined time limit of messages to be displayed to the sender. After that, the messages will be deleted, from both sender, receiver and the blockchain ledger.

   End-to-End Encryption: The public blockchain is all about transparency, but that doesnt mean your conversation is available to all. TokenChat uses a unique two-stage encryption to ensure your messages are safe from prying eyes.

   Encrypted and Decentralized Data Storage: TokenChat encrypts and stores data separately in different nodes throughout its network. This means that the data cannot be decrypted by hackers as each data piece will have its own encryption. This also adds a redundancy as even if data from several nodes is completely wiped, the original data can be rebuilt from the data on the remaining nodes.

TokenChat Token

The platform, although allows for other coins to be used in transactions, has its own coin, called the TOC. The TOC payment function is based on blockchain and has been developed to guarantee asset formation and immediate payment. There is no transfer fee involved when a payment is made.

This makes adoption of TOC a good investment for TokenChat users. The mass adoption of the tokens will help in decreasing waiting time (TOC transactions are near instantaneous), no transfer fee means more acceptance; and with widespread usage will come increased stability in the market value.

TOC are Ethereum based tokens, meaning they will piggyback on the Ethereum network. The tokens are ERC20 compliant. A total of 1.2 billion tokens will be generated in entirety. A maximum of 600 million tokens will be sold and the rest will be held in reserve. The regular sale price is 1 TOC = 0.0002 ETH.

ICO

The first Initial Coin Offering of TOC is already underway, that will last until 28 of February. The sale price during the first ICO is 1 TOC = 0.00016 ETH and an early bird discount of 20%.

The second ICO will start in 1st of March and will run till 7th. The selling price during the second ICO will be 1 TOC = 0.00018 ETH and a discount of 10% will be applicable.

After both ICOs are over, the regular exchange value will be implemented, that will naturally rise as more and more people start using TokenChat application and platform.

Investing in TOC

The most important question any potential buyer asks is, is the ICO and token worth it?

We give you three reasons to rest your doubts:

   The first company in crypto welcoming Japan that is licensed with Over The Counter BTC to Fiat conversion from the nations regulating body, Japan Financial Services (JPFSA)

   A unique model of marketing, TokenChat will be running its Ads publically on different TV channels in the nation. This method is always avoided by other cryptocurrencies as it is expensive, yet TokenChat will do it to show there serious commitment to the project.

   The published white paper and the underlying technology is very straight forward without any complexity. This has enabled even the most layman to understand the process and the cryptocurrency has raised $15 million without even running any kind of ad campaign.

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