Token Changer ICO Paper
1.0 Introduction
Token Changer is a blockchain platform for financial products and services. We design, build and host a wide variety of distributed financial applications (DApps). From simple token trading DApps to complex applications. The Token Changer platform is ninety percent complete and we have DApps running on the ethereum mainnet and testnets.
The Token Changer whitepaper presents a technical treatment of the project. This paper focuses on the initial coin offering (ICO).
2.0 Market Size
The Token Changer market universe is all the financial products and services currently in existence. Depending on the financial product or service, we build DApps in two ways. On our own and in partnership with financial organisations. It would be problematic to quantify and total the size of the global financial product and services market. Suffice to say that the market is one of the biggest our there, if not the biggest. What we can do is to quantify specific market segments. Section 3.0 does that.
3.0 Roadmap
Without funding, the Token Changer team has demonstrated experience and competence. We have deployed a working platform. In september 2018, we will have added an oracle and alarm clock capability to complete the platform. An oracle will automate the input of data (like price feeds) into our blockchain server. An alarm clock sends scheduled alerts to the blockchain server.
The Token Changer platform will be completed soon. So, what’s next? Within 90 days after our ICO, Token Changer will start launching DApps that implements our idea about the convergence of money.
The blockchain will change how we create, trade and transfer money. The total market for money creation (stable tokens) is all the money in the world — $90 trillion. The daily volume for spot forex transactions is $1.6 trillion. Global money remittances was worth $575 billion in 2016.
Convergence removes the current friction between these three activities. In the future, a user can mint a stable token pegged to the dollar using a Token Changer DApp. The user can trade the stable token for another stable token or cryptocurrency using a trading DApp. And if the user elects, can use a licensed financial institution DApp hosted on Token Changer to transfer the value of a stable token to a bank account.
4.0 Financial Structure
The total amount of Token Changer tokens called the TOC to be ever minted is one billion tokens priced at 0.15 USD per TOC. One percent (1%) of this total is been offered in private placement deals. Two percent (2%) of this total is been offered in a presale and another twenty seven (27%) percent is been offered in the main sale.
Twenty percent (20%) of TOCs is set aside to fund our customer loyalty program. The workings of this fund called the Market Makers Reserve is described in our whitepaper.
Token Changer DApps are accessible through web browsers. Currently, they are not as user friendly as we would like them to be. Thirty percent (30%) of ICO proceeds will be allocated to the engineering budget. A significant proportion of the engineering budget will be spent on DApp user interface design and development.
5.0 The ICO DApp
Safety first. The only place to buy TOC tokens is on the ICO DApp on our website. And the only places we will post ICO information is on this blog or our website. All other sources of information, if they are genuine will point you to this paper, our blog or website.
The ICO DApp runs on the ethereum blockchain and only accepts ether. The ICO DApp will allow TOC withdrawals after the ICO. You can check your TOC balance on the DApp at anytime.
5.1 Early Bird
There is no start date for early bird sales. But it ends when the 1% hard cap is reached. Anyone can participate in the early bird sale. Check the ICO DApp to see, if the early bird sale is still live. The early bird discount is 40%.
5.2 Presale
The presale discount (30%) is not as steep as the early bird (40%) and it ends when the main sale starts or the 2% hard cap is reached.
5.3 Main Sale
The main sale starts when the countdown on our ICO page counts down to zero. During the main sale, the TOC price is pegged at 0.15 USD per TOC. The main sale ether price is frequently updated on the ICO DApp to reflect the 0.15 USD peg.
6.0 Why Buy?
Here is a summary of all the reasons you should buy TOC tokens.
[1] Token Changer is not a whitepaper ICO, our platform is ninety percent complete and we have DApps running on the ethereum mainnet and testnets.
[2] Token Changer uses revenue to buy back its token from the market. This token buy back scheme achieves two objectives. One, the purchased tokens funds our customer loyalty program in the long term. Two, the buy back returns value to token holders.
[3] The apple store is a destination for mobile apps. Amazon and Alibaba are e-commerce destinations on the web. Token Changer’s strategic intent is to become a one stop shop for distributed financial applications (DApps).
[4] Token Changer DApps have a point and click interface. Processing steps for transactions are also kept to a minimum making transactions fast and stress free.
[5] Within 90 days after our ICO, we are going to start launching DApps for minting, trading and transferring stable tokens (usd, euro, yen etc). These DApps is the implementation of what we call the convergence of money. The convergence of money represents a very big market opportunity and we have a five year plan to take advantage of our first mover position.
[6] Token Changer is not a typical ICO- marketing a team and ideas. We have a proven team currently working on our launch DApps even before the ICO.
Important Links
Legal Notice
THE PURPOSE OF THIS PAPER IS TO PRESENT THE TOKEN CHANGER PROJECT TO POTENTIAL TOKEN HOLDERS IN CONNECTION WITH THE PROPOSED TOKEN LAUNCH. THE INFORMATION SET FORTH BELOW MAY NOT BE EXHAUSTIVE AND DOES NOT IMPLY ANY ELEMENTS OF A CONTRACTUAL RELATIONSHIP. ITS SOLE PURPOSE IS TO PROVIDE RELEVANT AND REASONABLE INFORMATION TO POTENTIAL TOKEN HOLDERS IN ORDER FOR THEM TO DETERMINE WHETHER TO UNDERTAKE A THOROUGH ANALYSIS OF THE PROJECT WITH THE INTENT OF ACQUIRING TOC TOKENS. NOTHING IN THIS PAPER SHALL BE DEEMED TO CONSTITUTE A PROSPECTUS OF ANY SORT OR A SOLICITATION FOR INVESTMENT, NOR DOES IT IN ANY WAY PERTAIN TO AN OFFERING OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION. THIS DOCUMENT IS NOT COMPOSED IN ACCORDANCE WITH, AND IS NOT SUBJECT TO, LAWS OR REGULATIONS OF ANY JURISDICTION WHICH ARE DESIGNED TO PROTECT INVESTORS. CERTAIN STATEMENTS, ESTIMATES, AND FINANCIAL INFORMATION CONTAINED IN THIS PAPER CONSTITUTE FORWARD-LOOKING STATEMENTS OR INFORMATION. SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES WHICH MAY CAUSE ACTUAL EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THE ESTIMATES OR THE RESULTS IMPLIED OR EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THIS ENGLISH LANGUAGE PAPER IS THE PRIMARY OFFICIAL SOURCE OF INFORMATION ABOUT THE TOKEN CHANGER TOKEN LAUNCH. THE INFORMATION CONTAINED HEREIN MAY FROM TIME TO TIME BE TRANSLATED INTO OTHER LANGUAGES OR USED IN THE COURSE OF WRITTEN OR VERBAL COMMUNICATIONS WITH EXISTING AND PROSPECTIVE CUSTOMERS, PARTNERS, ETC. IN THE COURSE OF SUCH TRANSLATION OR COMMUNICATION SOME OF THE INFORMATION CONTAINED HEREIN MAY BE LOST, CORRUPTED, OR MISREPRESENTED. THE ACCURACY OF SUCH ALTERNATIVE COMMUNICATIONS CANNOT BE GUARANTEED. IN THE EVENT OF ANY CONFLICTS OR INCONSISTENCIES BETWEEN SUCH TRANSLATIONS AND COMMUNICATIONS AND THIS OFFICIAL ENGLISH LANGUAGE PAPER, THE PROVISIONS OF THIS ENGLISH LANGUAGE ORIGINAL DOCUMENT SHALL PREVAIL. TOKEN CHANGER DOES NOT ALLOW USERS TO AVOID CAPITAL CONTROLS OF ANY KIND AND DOES NOT ALLOW THEM TO INVEST IN ANY FOREIGN ASSETS.
IF YOU ARE A GREEN CARD HOLDER OF THE UNITED STATES OR A UNITED STATES CITIZEN OR PERMANENT RESIDENT OF THE UNITED STATES (TAX OR OTHERWISE), OR YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES (TAX OR OTHERWISE), INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS OR ANY OTHER POSSESSION OF THE UNITED STATES, OR YOU ARE A CITIZEN OR PERMANENT RESIDENT OF THE REPUBLIC OF SINGAPORE (TAX OR OTHERWISE) , OR YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN SINGAPORE OR YOU ARE A CITIZEN OR PERMANENT RESIDENT OF CANADA (TAX OR OTHERWISE) , OR YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN CANADA, OR YOU ARE A CITIZEN OR PERMANENT RESIDENT OF HONG KONG (TAX OR OTHERWISE), OR YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN HONG KONG, YOU ARE NOT ELIGIBLE TO PURCHASE TOC TOKENS.
THE SAME APPLIES IF YOU ARE ONE OF THE OWNERS OR BENEFICIARIES OF THE COMPANY ON BEHALF OF WHICH YOU ARE AUTHORIZED TO ACT, OR GREEN CARD HOLDERS OF THE UNITED STATES, U.S. CITIZENS OR PERMANENT RESIDENTS OF THE UNITED STATES (TAX OR OTHERWISE), OR YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES (TAX OR OTHERWISE), INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, OR ANY OTHER POSSESSION OF THE UNITED STATE, OR IF YOU ARE ONE OF THE OWNERS OR BENEFICIARIES OF THE COMPANY ON BEHALF OF WHICH YOU ARE AUTHORIZED TO ACT OF THE REPUBLIC OF SINGAPORE, CANADA AND/OR HONG KONG (TAX OR OTHERWISE).
IF YOU ARE A CITIZEN OR PERMANENT RESIDENT OF THE PEOPLE’S REPUBLIC OF CHINA (TAX OR OTHERWISE), OR HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE PEOPLE’S REPUBLIC OF CHINA (TAX OR OTHERWISE), YOU ARE NOT ELIGIBLE TO BUY TOKENS IN ANY FORM AND/OR BY ANY MEANS.
