Topic: [ANN] TagCoin - Multi Token Wallet and Trading Platform - page 8. (Read 301290 times)

Yes it will be profitable, if you buy now and exchange it for Tag Token later provided the token starting price will be higher..
It's like Christmas coming early 

it turns out now is profitable to buy tagcoin at a low price that would then exchange them for tokens, correctly I understand?

We anticipate the price of the TAG Token to be around 20 US cents (10 pesos), when we open the Token Sale in January 2018. buying Tagcoin now represents a discount on that price as you can get it cheaper now, burn it and re issue it on the TAG Blockchain. If you wanted to trade coins and assets on the exchange, or create your own assets, or use the various other services we are building you will need TAG Tokens. But it's not urgent. We will keep the Burn and Add option open for the next 10 years..:-)

and what will be the benefit if you now buy tag coins at a low price?

The new coin is already available for presale to Filipinos only and can be bought via the Tagcash Wallet app, under TAG Trader. They can be withdrawn to your Multichain TAG Wallet, untill such point we have the HD section available in the Tagcash Wallet app, then you9 can have your own private key and manage from there.

For the old TagCoin we are offering a Burn and Add - I can do that manually, you just need to burn it and send me the TX-ID and a new TAG Token address from the TAG Multichain. We will be making a module for that in the Wallet, and on the website but it's not done yet. The same burn and add service will be done for any other coin as well.

The public sale of the new TAG Tokens will be late January, priced at 20 cents...so this gives people to buy TagCoin at a cheaper rate right now, and add that to the new TAG Blockchain platform. Using that, you can then create your own Tokens, add and subscribe to streams, trade with other Tokens, upload data to the chain etc.

hello, I would like to know what I do with the tagcoin I have? What will happen with tagcoin with the advent of a new coin? can I exchange tagcoin for a new coin? and when do you already release a new coin?

@Timelord2067 - We are doing an ICO for a new platform...so if we do the swap as you suggest, then we have nothing left to sell..the idea for the ICO is to raise money as a venture fund to fund up to 500 startups that will build products on top of the Tag Blockchain. And you are right, I am NOT interested in buying old TagCoin, I am interested in bringing the TAG holders into the new platform, as you can do a lot more with it there. And for the next 10 years, the new TAG Blockchain will effectively have an option to do traditional mining for the new chain.

We will be doing a 1 tagCoin to 1 TAG Token swap - we are burning it for something potentially more valuable. The price at the ICO start will be 20 cents (10 pesos), so that will raise the price up of TagCoin. Of course you are welcome to keep the old Tagcoin, this is just an offer we will be making for the next 10 years. If I didn't do it, then TagCoin would effectively not go anywhere.

There is more utility on the new chain, including decentralized trading against other tokens or Fiat money, as well as writing more data, and well..more that you can build with it.

@Dabs - Escrow not really needed..we will create a script so that it accepts it, burns it and then issues new TAG Tokens to an address you give, with proof of burn transaction ID and address recorded on the TAG Blockchain. Saying all that, you are welcome to do escrow, but the old TagCoins must be burned with proof of burn so we can issue them on new chain

@Funnymyth - you can run nodes for building explorers, apps, wallets..or just as the command line usage...but the admin and mining nodes will go to larger investors in TAG on the ICO, or later if user amass enough TAG..we are setting that as 100k USD for a masternode in this case..that masternode address will then have admin and mining rights. Any future changes to the chain must be agreed by 75% of the admin/miner masternodes. You can see those settings on the explorer at http://tag.tagcash.com

Shouldn't it be more like 16.277 New Tag per one old Tag?

100,000,000 ÷


=

16.27713032166850149188 (give or take)...

if it were one new for one old, then you're effectively telling anyone with old tag you're not really interested in buying them.

---

I'd be prepared to assist as an escrow (two of three as Dabs has suggested) as I only have ~ 1,250 TAG and would be prepared to whip up some vanity Tag Wallet Addresses for the change over (no charge)

eg

TDabswayPJSuaH2G7qxU3o1HVBwKZhyP1m
TAXMANPXg9UsVwaU3nTYMgWLCQTc16UKVw
TAGCoingrxWbxP2izGyeJXecSrqanArAAd
TRAVEL9dBMVbSXpjoRoUzwo8TUFoFiA2tq
TAG4funme1vuQFcCquWUAYxs6JzU7R4C5b
TARDiSqGjeo3JcShhgrGL5p4U5F4gCQZuK (personal favorite)

(full list here http://tagcoin.org/tagexplorer/www/tx/?txid=ac2647a973a12126b140971b90069313411b09f180cb87df5ee9cb11edf60ff9 )

(look at the date & transaction amount - ends in "2067")

is there a masternode option for this coin?

Hey Mark, would be a good idea to have the ICO under escrow (hint hint), as I don't think you're doing it in TAG. Could also be done 2-of-3 multisig with another. That is, if it's being done in BTC. You've got several months to decide.

Great new development for Tagcoin. Any marketing plans to disseminate news and info about this coin to multiple media outlets for tagcoin bounty? I would love to participate in case that will be planned. Thanks for the time.

Updated white paper to raise USD 16m (800m Pesos) via Token Sale of new TAG for TAG Blockchain running on Multichain. 15m of the fund will be used to fund startup apps that build apps and solutions using the TAG Blockchain.

Of the 100 million Tokens fixed issuance on TAG Blockchain, 80 million Tokens will be sold for 20 cents (10 pesos) each, 20 million tokens will be kept for the next 10 years for 1 to 1 burn and exchange of existing TagCoin currency.

Tagcash will be running it's own exchange for tokens and Fiat created on the TAG Blockchain - other coins can be exchanged (not burned) for same name tokens on the platform, for either decentralized trading or via the Tagcash exchange.

http://markvernon.org/tagcash-white-paper/

I have been pitching the Pesos on the Blockchain concept for a couple of weeks now, and although the level of knowledge is not that good, hopefully it will get better. I am presenting to the banks here, the idea of a permissioned blockchain running on Multichain, which is the only way that the central bank will accept Fiat Money on a chain..making headway, slowly..

I've been experimenting with Multichain more, and am leaning more towards setting up a "New Tagcoin" as the currency underlying native currency of Multichain, with thousands of assets being traded or used in the new chain. We are updating the Tagcash Wallet app and site, so that it uses the blockchains we have in use, allowing for either managed account where we manage the addresses, or the user can create a private key for the "external wallet". I am open to ideas on what to call these..."managed and private?" or internal, external?... The format of the private keys and addresses will be the same as Bitcoin, so it will be easy for others to develop SPV and Light wallets on top of the chain.

For issuance of 100 million fixed New Tagcoin, will enable 1 to 1 burning of old Tagcoin to New Tagcoin, and setting aside 20 million for 10 years at least.

More details on https://bitcointalksearch.org/topic/m.22383126

For now you can trade them with php in the Tagcash wallet mobile app in a module called Tagtrader.
Or through the exchanges yobit and novaexchange, but then for other crypto only.

I think Tagcoin is also added on the pcm(ProofCoreMoney) blockchain and soon could be traded with other currencies, tokens on the same chain.
As far as I know they are building the Lite wallet as we speak.
You will be issued the same amount of Tagcoin on the pcm chain, once you burn the original ones in the process. 
I am sure Tagbond will give all the instructions when all is lined up 

where can we cash in/out of these tagcoins in Php?

Heh, I just had @Lavajumper tell me coinmarketcap is behind on a few other coins as well...

So... (the old fashioned way)


6143589.07398300 TAG

If anyone wants to create their own Token / Currency on ProofCore just post in the thread here with details as follows. If you install Multichain, connect using multichaind [email protected]:3000, and give me an address (getaddresses in multichain) I will manually create your currency and send some PCM so you can transfer it around to others. We are creating apps to be able to do this yourself, but for now doing it manually.

Name of Currency
Abbreviation
Description (Optional)
Fixed Issue or can add more later
Issue Amount
Decimal places (eg: 0.01 or 0.001 etc - bitcoin has 8, fiat as 2)

Once you have the asset issued to you, here are some commands to use:
getmultibalances - see how much PCM and your Token you have, split by address
getaddresses - list all addresses in your wallet
getnewaddress - create new address
send address amount (sends pcm currency only)
sendasset address assetname amount pcm-amount - the pcm-amount just sends some of your pcm currency to someone at the same time so they can then spend your asset.
gettransaction txID (details of a transaction)

For now and in future, the price of PCM currency will be the same as TagCoin - you will be able to transfer TagCoin and have it exchanged to PCM at equal value - there are 100 million PCM issued, fixed.

Actually, they have that wrong - you can see the correct total if you do "getinfo" from your wallet...the true amount is just over 6 million coins.

According to CoinMarketCap there are 5,746,954 TAGCoins

What is the TOTAL amount of coins?