The TON$ Card Program The Tontines will make monthly distributions to members by liquidating an appropriate portion of the portfolio
assets and then making deposits into each member’s TONCard Accounts. As the portfolio assets can be denominated in a spread of global
currencies, and members can be spread across numerous countries and continents, in order for the Robo-Actuary to calculate a fairly weighted distribution
there needs to be a single intermediate settlement unit for payouts and this is one of the key reasons behind the creation of the TON$ currency on the
Stellar Network as it enables almost immediate global settlement at negligible cost.
Therefore, once the Tontines reach the point of making payouts, the relevant % of portfolio assets will be encashed and converted to TON$ at best market
prices. The members’ TonCard accounts will then be credited in TON$ which, as with any digital currency, can be directly transacted against using the
TonCards at Merchants or ATMs in any FIAT currency. Users may also automatically or manually convert their balances into one or more other
currencies as preferred. From the TONCard Accounts, depending on their regions, members will be able to set up standing orders and direct debits or add
supplementary TonCard accounts for family members. Depending on the level of TON$ (if any) held by members in their TONCard Accounts, special
card privileges will additionally be provided with selected promotional offers such as travel discounts, airport lounge access, discounts on fine wines. etc
LINK whitepaper : https://ton-token-sale.tontinetrust.com/docs/whitepaper-en-1518969930.pdf
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