So what is the value proposition of this coin precisely? I am not sure I understand what you intent to achieve.
TMN token is interesting because it will also act as a payment tool and processed by our network. That is, TMN client tokens from the moment of entering the exchange (September 2017) will become a full-fledged exchange medium in the #Transmission network with constantly growing value and capitalization as they are provided with a growing stream of transfers in the #Transmission network.
All offered TMN tokens will be supported by a specially created Fund, 50% of commissions from #Transmission network transactions, and will be transferred quarterly to exchange were TMN will be listed. The main purpose of this fund is to provide liquidity of tokens through the possibility of their repurchase from their holders at any time and increase the capitalization (exchange rate) of the TMN token on the crypto-exchange market.
Ok but what is it precisely that can be transferred? What is the main purpose of the platform? Thanks for your info!
Here is what you can transfer: major world forex currencies: AUD, NZD, USD, CAD, EUR, GPB, JPY, CHF, CNY, RUR, SGD, HKD, INR, NOK.
And basic crypto-currencies: BTC, ETH, ETC, LTC, XRP
Basically we're going to be just like a Money Gram or PayPal, but unlike them we are gonna work with crypto currency. For example PayPal takes 3% just for transfer, we will take less then 1% for transfer and conversion if needed. And the most important thing, it's such a hassle right now to get crypto currency for your Fiat currency and other way around, but with us you can do it easily under 1%.
You are most likely going to run into legal issues, right? Elon Musk wanted Paypal to be decentralized back then, but he couldn't make it because of legal issues. If you have fiat gateways and stuff, and you have cross boarder transactions, you won't get around the legal hassle. How are you going to resolve that?
No, Theoretically all the transfers not going to be international ones, it's like you will transfer from your bank to another bank in same country.
But that isn't realizable, no matter what. As soon as foreign exchange is involved, you can't circumvent any sort of transboarder exchange. Do you have a legal team in place or are you just giving your luck a try? Serious question!
We not just believing and only want to try out working in the transfers system, we have a working algorithm, tested solution that has proved its effectiveness and the ability to implement a network of architecture.
About exchanges you are right, there are some exchange platforms that prohibit people from certain countries due to laws and regulations of some countries, like Bitfinex doesn't work with people from United States, or Coinbase doesn't work with people who located in Russian Federation. Therefore we work with several exchanges, so we can divide legal regions across the globe.
And to scale it and create a network of Transmission service regions, their is required significant capital of investments, which will be directed from ICO funds.
Thank you for good questions.
[/quote]
