Topic: TOA Coin - your travel cryptocurrency - page 74. (Read 52666 times)

Main website is at www.toacoin.com
The online wallet will be at www.toacoin.net
The toacoin.net allows you to also buy TOA using other cryptocurrencies aside from Bitcoin and it has referral system that gives you referral bonuses based on the amount of TOA bought by your referred user. Want to buy TOA but no BTC? Don't fret, we accept Paypal, Skrill and direct Bank account transfers for Philippine and Malaysian users.

Thanks to everyone who retweeted.
https://twitter.com/ToaCoin/status/896249277516660737

Want TOA to be in Coinomi?
Great coin deserves a great mobile wallet
Show it by retweeting this. @coinomiwallet @toacoin #toa2coinomi

We're also in the process of approaching Chinese Exchanges for us to get listed there.

Happy weekend everyone, don't forget to tweet for #toa2coinomi
TOA is listed in C-Cex, Cryptopia and NovaExchange.
Has more than $100k trading volume the past 24 hours based on Coinmarketcap: https://coinmarketcap.com/currencies/toacoin/
We're trying to get into Coinomi mobile wallet which is a multi-coin mobile wallet that is being used by thousands of crypto lovers.
Interested to buy TOA but don't want to go through exchanges? Feel free to PM us maybe we can find a solution for you. Can even accept local currencies.
Future project:
TOA Cafe, TOA Bookings, TOA Exchange and many more

Would you like to add TOA to Coinomi Multi Coin Mobile Wallet?
Please include #toa2coinomi in your tweets to show your support.

It seems our first Cafe will be at Desa Park City, that is where TOA office in Malaysia. We're also looking for a good space in Philippines and Thailand.

This is good news for the TOA Community, please let us know soon on how are we going to use the TOA coins on booking flights and hotel accomodation and which are involved with this.. it will boost the value surely once this critical info will be known.

A total of 4.43B TOAs have been moved to these 2 addresses (TNJDL76eUmSgj2bBte1pg9P3jhzLb2Ftke and TQhd5MP5MRncYrH2Pjd2CPNApQbuKw6oT4).
One way of checking if the balances are correct is via the BlockExplorer which also shows the Percentage share and both should have more than 25%
https://www.blockexperts.com/toa/address/TQhd5MP5MRncYrH2Pjd2CPNApQbuKw6oT4
https://www.blockexperts.com/toa/address/TNJDL76eUmSgj2bBte1pg9P3jhzLb2Ftke

These addresses will be used to stabilize the network ONLY. NO Withdrawals will be coming out of these addresses including the staking rewards.
The wallet with the biggest volume is that of the soon to be Online Wallet which is https://www.toacoin.net where all the purchases were made.

With this, we cut off the total volume by half including the usable staking rewards.

What does this mean to the community?
1) Law of Supply and Demand dictates the price direction of the coin. What we did is cut the Supply in half while at the same time working on increasing the Demand of TOA after the recently concluded Cryptocurrency Expo in Bangkok. Lower Supply and Increased Demand definitely will increase the price of the coin.

2) In Blockchain technology, though it cannot be edited because you will be rejected by the rest of the users it doesn't mean it is completely uneditable. A group who owns more than 50% or majority of the mining/staking power can edit the blockchain to their advantage and force the minority to accept their edited blocks and dispose of the old one.

Though controlling more than 50% of the staking power of TOA is not easy, it doesn't mean it won't happen in the future so locking in more than 50% which secures the chain and reducing the coins in circulation is like hitting two birds in one stone.

Feel free to join us at Slack: https://join.slack.com/t/toacoin/shared_invite/MjAxMTMwNDY0NTk0LTE0OTgwNDAyMjItZTYwYjA3YzU4ZQ

Yes definitely we will be posting pictures/videos about it, we'll be compiling them as well and create a short-movie about it. About cutting it to 1B, that won't be possible since more than 20% is already being owned by the public and we're also in negotiation with some groups of crypto enthusiasts that would like to use TOA in their organization and use it for their e-commerce system. We removed the discount already in the website to reduce the amount of TOA being dumped in exchanges taking advantage of their 10% discount. As for the price being dumped lately, it has something to do with the price pump of BTC these past few weeks but we'll surely protect our TOA Community in the long run by providing usage in the travel industry. The expo also brought in a lot of interested group to TOA and those are not just traders, they approached TOA for bringing usage and introducing blockchain technology in Travel industry and with this we got a lot of support from several travel groups. And due to this, TOA will also spread in Thailand.

As for TOA Team members accessing the locked coins, again this will look bad at us and it will negate all the hardships that we worked for these past few months. Any withdrawal can easily be seen in the Block Explorer so it will be foolish for us to do so.

Can you post and videos or images regarding the Cryptocurrency Expo that took place? As they say picture is worth than a thousand words.. About the cutting the circulation in half , how can we be sure that those wallets will not be accessed by the TOA Team anymore? cutting the circulation in half I think will not suffice, better reduced it to 1 Billion Perhaps? One suggestion is to stop the selling of the coins in packages because I think that is one of the reasons also why the price is dumping.

UPDATE FROM THE CRYPTOCURRENCY EXPO
We had a very fruitful Cryptocurrency Expo and it showed everyone what TOA is all about. A lot of investors came to our booth last Sunday and yesterday to ask questions about TOA like these below:
1) Do we have our own blockchain? YES
2) Are we using POW or POS? We're using POS or Proof-of-Stake so there's no need for dedicated miners anymore.
3) What is the 2% inflation rate for? It is the rate of actual increase of TOA Volume on a yearly basis.
4) What exchanges are we being traded on? Cryptopia, CCex and NovaExchange.
5) How's the liquidity of TOA? 24-hr trading volume as shown to them via Coinmarketcap is worth around 100k USD.
6) How many coins are currently in circulation? 20% of the current volume is already being owned by the general public.
7) What are our plans with the remaining volume? The expo explained how blockchain works including how the majority dictates the blockchain - meaning a group who has majority of the coin (for POS) or mining power (for POW) can edit the blockchain and force the minority to follow them.
One idea that came to mind is to keep the 51% of the volume of TOA and place it in a marked wallet (we can publicly announce the addresses of the wallet/s) for the public to monitor. Its purpose is to stabilize the chain so no withdrawals could be made out of it including its staking rewards and it effectively cuts off the usable coins to half, while providing stability to the TOA blockchain and stopping it from splits that threatens coins.
What are the future projects of TOA? TOA Cafe and TOA Bookings should be released this year while other plans are already being drafted.
The future definitely looked brighter for TOA as we were able to establish connections from several interesting groups from different parts of the world. The TOA Community will just get bigger and bigger along with its number of partners.

We're planning to cut the volume of TOA Coin circulation to 49%. Neither Fork nor Burning of coins will be involved. Blockchain technology can only be edited or hacked if majority of the coins will be controlled by a certain miner for POW or someone who stakes more than 50% of the staking coins for POS. It doesn't mean that such has to be owned by just 1 person, it could be a collaborated effort aimed to edit the blockchain for their own benefit. With such, we're thinking maybe we can send 51% of the TOA to a number of wallets and the addresses will be made known to the public. No withdrawals will be made from these addresses so it effectively cuts the volume to 49% including the total new coins brought in by the 2% inflation rate. These wallets will also make sure no one or no group will possibly threaten the blockchain from being edited in the future. This plan cuts the volume to 49% without Forking. Burning of coins could have done it but there is this possibility of someone or some group to edit the blockchain in the future no matter how small it may be.

If the question is, doesn't that leave us (TOA Team) to edit the blockchain in the future since we have 51% of the coins? Any first movement will surely be seen right away due to the blockexplorer. We will be having offices in several key cities especially the Cafe so this is a long term project. Editing the blockchain will definitely destroy everything that we'll be working on.

Sounds good, the project with the concept of traveling always have a lot of enthusiasts, everyone likes to travel, although I often find projects with the same concept, I'm sure TOA has a good plan to compete, you also have a very good team, I'm very interested in This project, hopefully goes well

most of the time over supplied coin can be dumped quickly that's the disadvantage but yet like what you have said its still depend
on how the market will embrace it and how the supporter will keep their coins and help the dev to keep the value to rise up.

Really on the fence when it comes to this one. Based on the supply I'm a little turned off by this one, but depending on what is in the works price could easily rise despite being a high supply coin.

Interesting. Can I somewhere find current performance metrics of this Project? (e.g. milestone target reached etc.)

I see that the number of coins in the system will be 8.8 billion, but how about a premine?
Considering that this is a very young coin, how could so quickly already appeared 1.6 billion coins..

You would not be bothered, to put more technical information on the first page of this section.

Agree on this. i find you idea very innovative. to think that travelling will be as easy as you state in you ann. just one question are there plans you have to launch social media campaigns? i believe this will be advertised if it's on the social media. since most of the people who love travelling are there? but overall
i congratulate you in advance for making this project. hope to see the success of TOA. cheers.