Introducing: Freight Coin [TKM]

The Freight Coin Exchange frictionless and scalable architecture utility replaces the antiquated, slow, arduous, dispute prone, and costly function of Letters of Credit by coining TKM: a freight benchmark denominated price marker used for payment of commodity shipping and trade finance transactions

Marc Ortaliz, Founder of Freight Coin

The import and export industry stands at the edge of a new era conducting business at the speed of thought. Re-imagine a transactional system transforming from analog to digital leveraging blockchain technology. The €10.9 trillion euros freight industry yearning from the business process efficiencies and financial savings Freight Coin institutes with our cryptocurrency: TKM.

The Freight Coin Foundation (FCF) authorizes a total supply of 1 trillion TKM for use by all participants. Our cornerstone strategy delivers a standard blockchain price marker for the global freight sector encompassing land, sea, air and rail transportation.

TKM polishes the age-old friction between Buyers, Sellers and Traders (collectively Participants) providing payment liquidity and security in an easy to use platform without the unnecessary middlemen. It strips away banking red tape and costs that plagues all participants.

TKM fortifies the primary principle of the Letter of Credit system solves: counterparty payment default risk. Additionally we pair it with the advance features with cryptocurrency’s extensible, bulletproof, trustless technology.

The philosophy underlying TKM links its price discovery to tangible assets and services performed in freight. This unique design provides an objective, neutral fundamental and counterbalances price volatility derived from diverse indirectly-correlated sources: the cargo in shipment (commodities) and the vessel carrying the cargo. We are standardizing the denomination of freight via TKM (ton-kilometer), for freight rates to be quoted and traded uniformly.

To attain maximal transaction liquidity, we establish a vibrant trading ecosystem with our own decentralized exchange: Freight Coin Exchange (FCX). It offers an array of meta-instruments, including a hedge facility and the capability for FCX to host ‘fractional’ vessel co-ownership.

Initially, we target traders, brokers, and vessel operators and owners in Eastern Asia — the fastest-growing region accounting for 75% of intercountry global trade jumpstarting our adoption with participants desiring for change.

When you purchase TKM, you are liberating global trade from the stranglehold of restrictions imposed by incumbent financial institutions and archaic limitations of fiat currency. Whereas Bitcoin is designed for consumer transactions, Freight Coin’s blueprint specializes on enterprise transactions craving lightspeed, trustless, low cost, scalable and practical utility not available with other coins. If you are a current businessman, or future entrepreneur: you are essentially self insuring yourself with instant access to crowdfunded capital for your business: available for you anytime, anywhere.

https://freight-coin.com

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