The time value of money can be considered as an integral part, in the economic workings of savings, and interest. This is simply based on the idea that, the value of a given amount of money at a certain point in time will increase in future due to its earning capacity. This principle is also used in paying interest on fiat savings account.
In the fiat money economy, the art of saving, and accruing interest on such savings has been perfected over the years. This concept can therefore be adapted to any other economy, and in this case the crypto economy. If recent technological, and economic developments are anything to go by, it is relatively safe to assume that blockchain technology powered tokens will be widely used in the near future. This means that tokens will be used by everyone, just like fiat currencies are used; these digital currencies will be used both as a store of value, and as a means of regular transactions.
Token Union is an embodiment of the principles of savings, and interest as used in the fiat money economy. It seeks to be the innovative solution for the concept of savings, and interest in the crypto economy; an integral component of any sustainable economy is a secure method of storing value while earning yield, which Token Union will provide for the crypto economy.
Token Union provides token holders with a means to earn the time value of tokens, rewarding the for holding their tokens long term, in a way similar to traditional savings account. This reward system used by Token Union is powered by the withdrawal fees token holders pay on early withdrawal, the fee serves as a source of reward as well as a way of discouraging early withdrawal. It is a simple system where the token holder pays a fee for withdrawing tokens earlier than the stipulated time in the network holding contract, the fees paid is then shared among the remaining holders in the network.
Token Union is a first of its kind experiment, that generates rewards in an unprecedented way while inherently creating incentives to hold long term. It will reshape crypto market behaviour; token holders will now buy and hold tokens while ignoring market rumors, and volatility. Token Union will be an integral part of the token ecosystem of tomorrow, as one of the leading methods of storing value.
For more information;
Website: http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Telegram: https://t.me/tokenunion
Facebook: https://www.facebook.com/tokenunion/
Twitter: https://twitter.com/TokenUnionIO
Author: Ojeaga Joseph ( https://oseroslair.wordpress.com )
Bitcointalk: Boluwatife
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1398337;sa=summary
Eth Address: 0x1EDf8CafDA6c89f6F85Db1C43De3C53b1d68BaB0
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