Q&A With the TEE-Coin Team

3 min readOct 8, 2019

For the team behind TEE-Coin, a blockchain-based platform for reward token exchange and shopping, transparency is key.

That’s because ultimately, blockchain is built to deliver transparency to users at every step of a transaction. For that reason, TEE-coin emphasizes crystal-clear transparency measures built into the platform and its client-side communications.

To that end, we’re pleased to present you with a TEE-coin Q&A regarding two of the most frequently asked questions from the community.

Why did you decide to sell only 2.5% of TEE-coin tokens?

Our answer has a few layers and begins with a bit of philosophy, so please bear with us!

In the first place, TEE-coin is not a speculative currency. Essentially, TEE-coin is built to function as a stablecoin, meaning its value will rarely fluctuate. That gives TEE-coin several valuable characteristics:

1. Stability. TEE-coin remains stable through marketwide fluctuations and periods where speculative interest wanes.

2. Reliability. TEE-coin remains a reliable medium of exchange for those exchanging, earning, or spending rewards points.

3. Value. The value of speculative tokens often decline just as quickly as they climb. What value would TEE-coin have as a reward token if you didn’t know what its value would be tomorrow? TEE-coin’s value needs to be predictable from day to day, much like a currency.

By releasing only a small amount of the overall token supply to early backers, we gave a chance to those who see us succeeding in the long run to lend their support. As you may well know by now, we didn’t hold an ICO, and we’ve given out minimal pre-IEO spots.

In doing so, we’ve made a statement to the crypto community and future investors trust us. TEE-coin’s vision is one for the long term, not for today or tomorrow.

We expect to still be here in 5, 10, and 20 years from now. By not taking a significant cash advance by way of ICO, we want to communicate that we have a real startup mentality which says, “Do a lot with very little.”

Team tokens are subject to a lock-up and can only be sold in the future once the tokens have stabilized in value with sufficient liquidity. Additionally, we have mechanics in place to restrict the amount of tokens team members can sell per month once they’re unlocked.

We’ve set the bar this high because TEE-coin is an all or nothing vision and project. Let’s aim for the moon, and get there.

Why you decided to found TEE-coin in Singapore?

Singapore is incredibly supportive of the cryptocurrency industry and incubates the sector well.

Unlike other regulatory jurisdictions in the world, the Singaporean Monetary Authority does not regulate utility tokens. The agency has been very supportive and attentive to crypto tech development, especially at the intersection of blockchain and FinTech. Many in the industry have come to call this new sector decentralized finance, or DeFi.

Lastly, loyalty programs and rewards points have flourished in the West and Japan, whereas Southeast Asia still lacks sophistication and development in that arena. The SE Asian market potential in our respective industry is immense and makes it the perfect environment for building and deploying our token economy and solutions.

We view Singapore as the unofficial gateway to the rest of the Southeast Asian region, and have accordingly kicked the project off here!

Thanks for reading this Q&A and we look forward to publishing the next one. As always, if you have questions for us, get in touch at tee-coin.com.

About TEE-coin

TEE-coin is a reward token based on cryptocurrency technology and as an exchangeable currency to many cryptocurrencies, solves the problem of the inability to use cryptocurrencies at merchants. Faster than anything else, with low service fees, in the amount you need when you need it, we provide you with the ability to top-up TEE-coin with other cryptocurrencies and to make payments speedily.