dear all
here is the Arabic translation of the ANN thread
https://bitcointalk.org/index.php?topic=2435990.new#new
Topic: [ANN] [PRE-TOKEN SALE] TontineTrust - The Future of Retirement is Peer to Peer - page 3. (Read 2348 times)
November 21, 2017, 04:22:09 AM
November 20, 2017, 07:13:18 PM
Sop let's say my local insurance guy wants to sell these, he's going to have to concern himself with this token, too?
Yes. From the whitepaper I quoted before:
Quote
These Global distribution partners seeking to market our Tontines, shall first be required
to purchase and lock down TON$ with a value equal to 5% of monthly expected referral
volumes. This stake shall act as a surety deposit for Tontine Trust to protect against the
risk of advisors miss-selling to members.
to purchase and lock down TON$ with a value equal to 5% of monthly expected referral
volumes. This stake shall act as a surety deposit for Tontine Trust to protect against the
risk of advisors miss-selling to members.
So your local insurance guy has a financial incentive to offer the tontine (amongst other products) that gives him a competitive commission and his customers 30 to 40 percent more revenue. But say you don't even ask the local intermediary and instead buy TON tokens yourself and buy into a tontine:
Quote
TON$ holders which are intending to invest in the Tontines themselves can utilise this
Partner staking system to generate a 5% bonus for themselves by staking their TON$
and using their own partner code when joining the Tontine. This may be the first
legitimate retirement product in history where the saver immediately gets more capital
value upon investment (105%) rather than seeing their capital value immediately
depleted by up to 30% due to fees. Accordingly, TON$ Holders not using an Advisor are
rewarded for holding the TON$ if they invest in the Tontines.
Partner staking system to generate a 5% bonus for themselves by staking their TON$
and using their own partner code when joining the Tontine. This may be the first
legitimate retirement product in history where the saver immediately gets more capital
value upon investment (105%) rather than seeing their capital value immediately
depleted by up to 30% due to fees. Accordingly, TON$ Holders not using an Advisor are
rewarded for holding the TON$ if they invest in the Tontines.
November 20, 2017, 03:21:56 PM
Do you have any plans to take on partners in distribution so you can be bought side by side with "classical" products?
Would be great to give customers some degree of comparability.
Would be great to give customers some degree of comparability.
Yes, there is a reserve in tokens that will be used to initially incentivize distributors to offer the product along with the other products in their portfolio to their customers. After that initial period tontinetrust is going to pay these commissions out of the fees they are taking in.
I imagine that to be interesting moments when the retail customer realizes how competitive tontines are compared to the current products.
Sop let's say my local insurance guy wants to sell these, he's going to have to concern himself with this token, too?
November 20, 2017, 11:07:03 AM
Do you have any plans to take on partners in distribution so you can be bought side by side with "classical" products?
Would be great to give customers some degree of comparability.
Would be great to give customers some degree of comparability.
Yes, there is a reserve in tokens that will be used to initially incentivize distributors to offer the product along with the other products in their portfolio to their customers. After that initial period tontinetrust is going to pay these commissions out of the fees they are taking in.
I imagine that to be interesting moments when the retail customer realizes how competitive tontines are compared to the current products.
November 20, 2017, 10:07:24 AM
That makes sence. So what technologies will you be using for oricals (chain link?) and what about the tech behind biometrics?
Referring to biometrics please see page 22 to 24 of the non-technical whitepaper linked above.
Basically we cannot exclusively rely on biometrics (yet?) and therefor have to use a mix of several identification techniques described there.
November 20, 2017, 09:44:59 AM
Do you think this will be useful one day? In my country, retired people dont care too much about their money, they are mostly want to spend their time with their family.
Well to be honest tontines are only the second best retirement solution.
The most superior one is a loving and caring family with resources willing to take care of the old generation. But unfortunately many people are not that lucky and are not in that situation. And since we cannot create care-taking families with crypto-technology we resorted to re-creating tontines and bringing them back to the market
. November 20, 2017, 03:12:49 AM
Primarily the Smart Actuary (set of Smart Contracts) seeks proof of life (rather than proof of death) by sending notifications to the user requesting regular check-ins using biometric to authenticate members and confirm their "liveness". There are several solutions for this referenced in the whitepaper.
We will also connect to third party oracles which can provide authoritative death notices. There are many projects developing these at the moment but we will also develop our own.
An example would be an oracle that tracks the US Social Security Death Index
We will also connect to third party oracles which can provide authoritative death notices. There are many projects developing these at the moment but we will also develop our own.
An example would be an oracle that tracks the US Social Security Death Index
That makes sence. So what technologies will you be using for oricals (chain link?) and what about the tech behind biometrics?
November 19, 2017, 01:59:06 PM
It was so useful 100 years ago that more than half of ALL households in the US invested the equivalent of $170BN in tontines.
What country are you in?
What country are you in?
November 19, 2017, 01:56:49 PM
Do you think this will be useful one day? In my country, retired people dont care too much about their money, they are mostly want to spend their time with their family.
November 19, 2017, 01:43:13 PM
Primarily the Smart Actuary (set of Smart Contracts) seeks proof of life (rather than proof of death) by sending notifications to the user requesting regular check-ins using biometric to authenticate members and confirm their "liveness". There are several solutions for this referenced in the whitepaper.
We will also connect to third party oracles which can provide authoritative death notices. There are many projects developing these at the moment but we will also develop our own.
An example would be an oracle that tracks the US Social Security Death Index
We will also connect to third party oracles which can provide authoritative death notices. There are many projects developing these at the moment but we will also develop our own.
An example would be an oracle that tracks the US Social Security Death Index
November 18, 2017, 11:57:41 PM
This is really interesting.
How will the orical work to prove death of a participant and insert that info into the smart contract?
How will the orical work to prove death of a participant and insert that info into the smart contract?
November 18, 2017, 03:56:22 PM
"The first modern commercially available tontine is headed for the marketplace."
https://seekingalpha.com/article/4125086-presenting-new-retirement-solution-financial-advisors-daily-digest?sht=ozkal3&shu=svx8g
Good to see you get some traction in relevant publications.
Do you have any plans to take on partners in distribution so you can be bought side by side with "classical" products?
Would be great to give customers some degree of comparability.
November 18, 2017, 01:51:30 PM
"The first modern commercially available tontine is headed for the marketplace."
https://seekingalpha.com/article/4125086-presenting-new-retirement-solution-financial-advisors-daily-digest?sht=ozkal3&shu=svx8g
November 16, 2017, 05:58:47 AM
interesting
November 15, 2017, 02:56:56 AM
Thanks, that's a really interesting site.
Is it possible you can permission me to edit the profile or all edits must be approved by mods only? (I am tondmc there as well)
Is it possible you can permission me to edit the profile or all edits must be approved by mods only? (I am tondmc there as well)
November 14, 2017, 04:55:27 PM
Hi everyone! Just added TontineTrust ICO to my website https://concourseq.io/Q/Tontine_Trust. ConcourseQ is a collaborative due dilligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! (PS: Team welcome to add sale details)(edited)
November 14, 2017, 04:12:23 PM
I take it these tontines can have just Bitcoin.....growth combined with the tontine effect would be nice!
Honestly this is what we keep hearing and I agree 100%. I will personally be in the first Bitcoin Tontine for sure and I can guarantee you that some very high profile Hodlers will be in there also.
November 14, 2017, 03:13:46 PM
I take it these tontines can have just Bitcoin as the underlying asset if one so chooses?
Bitcoin's growth combined with the tontine effect would be nice!
Bitcoin's growth combined with the tontine effect would be nice!
Absolutely.
To be honest the fact that I want exactly that for myself is a big part of my motivation to be involved
.Joe
November 14, 2017, 03:09:53 PM
Haven't understood that token strategy fully yet but I really really wish you guys success as I do know about tontines and would go for it myself.
Also, it is about time someone takes on the pension funding industry (and wipes out their greedy profits) and offers a reasonable alternative.
I take it these tontines can have just Bitcoin as the underlying asset if one so chooses?
Bitcoin's growth combined with the tontine effect would be nice!
Also, it is about time someone takes on the pension funding industry (and wipes out their greedy profits) and offers a reasonable alternative.
I take it these tontines can have just Bitcoin as the underlying asset if one so chooses?
Bitcoin's growth combined with the tontine effect would be nice!
November 14, 2017, 02:20:33 PM
Hi Sayed,
Arabic translation would be interesting, we understand that Tontines are one of the only naturally Shariah compliant forms of insurance.
Arabic translation would be interesting, we understand that Tontines are one of the only naturally Shariah compliant forms of insurance.
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