With smart contracts being executed through tokens on blockchain based systems, Token Changer proposes to offer a similar platform where one can exchange different kinds of blockchain based coins and tokens. Though cryptocurrency exchanges that are web-based have been in vogue till now, decentralized exchanges like Token Changer have distinct advantages to offer. These are explained in the section below.
Features of Token Changer
- Web-based exchanges are often prone to hacks and frauds which are prevented by a decentralized crypto exchange as found on Token Changer.
- This platform can offer different transactions such as money remittance, trading of tokens, complex transactions like invoice discounting, debt securitization, futures contracts executions and so forth.
- The system employs several block chains to ensure enhanced security and users can interact through the software.
- The Token Changer works on the Ethereum based blockchain which is decentralized and offers trade between ripple, bitcoin and dollar futures.
- The platform offers Block Points as a reward token for those who wish to create exchange markets on the platform. The platform would offer TOC as a utility token for people to use to conduct exchange transactions on the platform. The reward token can be used to exchange for TOC as well.
This is a platform that would offer different kinds of the complex as well as simple financial exchanges. It would also act as a destination for different decentralized financial applications of DApps. The platform would be based on the Ethereum blockchain as the primary block chain of the platform and DApp would be used through a client software such as parity or MyEtherWallet. The DApps platform would be accessible through the web browser of the platform as well. An exchange protocol would define the methods and rules that would govern the value of exchanges between two parties or more in the system. The tokens in the system would be governed in their exchanges by Genesis, which is an exchange protocol.
The team working on Token Changer
The team members and their qualifications are not elaborated upon. Their LinkedIn profiles are, however, indicated through links on the official website, Alexis and George hold co-founder positions while Rob is a front tech engineer, Mike is customer experience manager and Luke is a community manager. They are assisted by several others in implementing the platform which comprises of several exchange algorithms to facilitate the kind of token exchanges and other financial services planned for execution.
Lucrative aspects of this platform
Though cryptocurrency based exchanges are becoming popular, this particular platform offers several unique features. These comprise of distributed financial applications or DApps, peer to peer transacting networks, companies can have initial coin offerings through this platform and so forth. Hence there are several features that this exchange would offer that is not found easily in other token exchanges. With such features, it promises several functionalities which would make it lucrative and will attract a large customer base as all features of the platform are executed.Token Distribution
- Private placement: 1%
- Presale: 2%
- Main sale: 27%
- Bounties: 3%
- Advisors & Others: 10%
- Employees: 37%
- Market Markers Reserve: 20%
Use Of Proceeds
- Engineering & Service: 30%
- Legal: 10%
- Operations: 20%
- Marketing: 10%
- Miscellaneous: 3%
- Reserve: 27%
Links
Website: https://www.tokenchanger.io/
Whitepaper: https://medium.com/tokenchanger/token-changer-whitepaper-18c0e7227c25
Telegram: https://t.me/jointokenchanger
Posted from my blog with SteemPress : https://icoshrimp.com/token-changer-to-offer-an-exchange-in-tokens-and-other-financial-services/