Cryptocurrencies is spreading its wings across all the borders of institutions and industries around the globe. These digital currencies are generated initially as tokens that are required on the use of a particular platform. In the launch of the project after these tokens are sold to investors and also some portion given to bounty hunters. The volatility and the fluctuating system which is in cryptocurrencies sometimes causes fear and panic in case the tokens after being listed on exchange starts to drop. This can make the price of the token drop to the extent that it even comes below the price during the sales of tokens.
THE SITUATION OF TOKEN HOLDERS
The blockchain technology brings about the freedom from any financial control from banks or any institution. This level of freedom sometimes affects the value of tokens on the exchange markets. Nobody controls the rate at which these tokens are sold and so everybody sells his/her tokens at any time. This ruins the business of token holders as they are the ones that are affected greatly. This attitude of dumping ruins the market price for the tokens and token holders lose huge amount of money which they cannot take control. This is a sad thing in the cryptobusiness and it has driven many great people from cryptobusiness. How would you feel when you know you are worth $1,000 USD in the morning and come to find out later in the evening you are just worth $100 USD. This is real sad news and any investor would not want to be in such a situation.
So many enthusiasts of cryptocurrencies are leaving because of this attitude and if care is not taken it is going to reach a time in the cryptobusiness where tokens are not going to be worth their price at all because as soon as tokens are distributed into the wallets of investors after sales they all go to the market to sell it.
THE SOLUTION TOKEN UNION OFFERS
Token Union has observed this situation for a while and has develop mechanism which is going to regulate the rate at which tokens are sold. This is going to be union which will takes responsible of regulating the prices of tokens on exchange so that people don’t just trade it anyhow.
Token Union will establish a platform where users can register and agree to hold their tokens on the Ethereum Blockchain with this new address which they have the private key to. An agreement is going to be reach between the union and the user to take a withdrawal fee in case the user decides to withdrawal fee is going to be discharged. The withdrawal fee is going to be shared across the members who are still holding their tokens on the platform according to the amount of UNI token that he/she has in possession.
This is a very nice way of giving incentives to token holders and this will go a long way to keep the rate at which tokens are sold on exchange sites. With this in play the volatility of cryptocurrencies will not be that massive as we are experiencing these days with Bitcoin going down for about three months.
To add to this, Token Union has in plans to build mobile and desktop decentralized applications that users can use to make transactions on the web platform. The mobile app will be used for visualizing of data on the platform whiles the desktop app can be used to view data and also make withdrawals from the user’s account.
Finally, the cryptomarket is all about exchange of tokens for other tokens and so Token Union has planned on making it possible for the UNI token to be exchanged with another supported token on the platform. Plans are in progress to work with Bancor Network to make this dream possible.
Token Union has a whole lot of package to offer all crypto investors so I would urge all to visit their website and also read their whitepaper to know more about this wonderful project which is about hitting the Digital World.
TEAM MEMBERS
This project is backed by highly experienced group of people in various fields of discipline and with their skills and experience they will see this project to a great success. Investors should have the full assurance that this project is going to make a big hit in the crypto market for huge benefits which they are going to enjoy. Below are few of these team members please visit their website to get to know the entire team and their disciplines of knowledge.
Please follow up with Token Union on the following Contact lines:
Bounty thread: https://bitcointalk.org/index.php?topic=3743898
Authorship
Bitcointalk username: Kelvinikke
Bitcointalk profile is https://bitcointalk.org/index.php?action=profile;u=2087374
Ethereum wallet Address: 0x512A64861629E6955b4E8fFa8577A3d179AD9E55