Pesobit – TOA Merger

In order to bring you a cryptocurrency that is global, that has a very supportive community and motivated with great vision; we’re bringing in the merger of TOA and Pesobit partnership.
Pesobit which had an ICO last August 2016 was launched at a price of 0.002 USD. It steadied at around 0.006 USD for the past few months.
It has its Online Wallet, Coinomi for the mobile wallet, Coinpayments for the ECommerce API, Ewallet for PSB->Philippine Peso conversion, Marketplace at market.pesobit.net and thousands of users.
On the other hand, TOA is a new promising coin which was added in exchanges more than a month ago and has been a heavily traded coin on all 3 exchanges (CCex, Cryptopia and NovaExchange).
The merger will be a 1:1 arrangement with all existing  Pesobits to be converted to TOA. With this, all existing PSB systems will be usable by TOA users after the merge. Pesobit will be absorbed by TOA and will take on the identity of TOA.

The projects of both coins will be combined which will include the following:
1. TOA Hub Cafe – First one is to be completed this year in Desa Park City Kuala Lumpur. The Hub Cafe will be spread out in major cities in several countries. It will be a traditional yet exquisitely modern, coffee shop which will accept TOA as mode of payment. It will also have other services like an Offline Exchange where one can exchange their TOA to/from their local currency.  There will be no need for a TOA- BTC conversion before changing it to your local currency.Some Cafe will also have a capsule-based hotel where backpackers and small group of travelers will find  affordable -than paying for a hotel room.

2. Electrum Wallet – Some of you probably have used an Electrum wallet from Bitcoin before. This is a lightweight wallet which allows one to just simply run the wallet and it will work right away, without the need to download the blocks to get synced. The only downside is that it doesn’t stake because it doesn’t download the entire blockchain. But this allows you to be able to send and receive coins upon connecting.

3. Own mobile app – although we’re trying to get added in Coinomi for a mobile solution, it serves as a pure mobile multi-wallet. A separate mobile app will be important to provide a mobile solution to our future projects.

4. TOA Bookings – TOA is all about partnerships with hotels and travel agencies and TOA Bookings will be the website where one can book their hotel accommodation online using TOA coins.
There will be more projects slated with the merging of Pesobit and TOA, some of which would be for Freelancing and E-commerce.

TOA is an 8.8B coin with half of it being kept to secure the network against a 51% attack that unfortunately happened to a few coins. The kept coins are located at: TNJDL76eUmSgj2bBte1pg9P3jhzLb2Ftke and TQhd5MP5MRncYrH2Pjd2CPNApQbuKw6oT4 which can be viewed in our Block Explorer.
It has a low inflation rate of 2% to make sure that price will be stable. TOA uses plain Proof-of-Stake instead of Pesobit’s PoSP so users will have a fixed 2% per annum staking rewards.
TOA just got incorporated in Malaysia and is also in the process of incorporation in the Philippines.
TOA participated in the Bangkok Cryptocurrency Expo last month to establish partnerships with International users and will join another expo before the year ends. This is to make sure that TOA will be well known in as many countries as possible.
Our Malaysia office address is in Blk H-G-12 Plaza Arcadia No 3, Desa Park City, Kuala Lumpur Malaysia. While our current Philippine address is at level 29 Joy Nostalg Building ADB Ave Ortigas Pasig City but we’re migrating to a bigger office in a few days so we can accommodate bigger team to serve the combined users of PESOBIT AND TOA now merged and as simply TOA.

How and When will the Swap be?
I already requested for Pesobit to be stopped trading in CCex. In order to get your Pesobit swapped to TOA
1) Send your Pesobits to your Online Wallet account at https://wallet.pesobit.net.
2) Process a Withdrawal but the Destination address should be your TOA Address.
3) Within the next 24 hours, you will receive your TOA to your designated TOA Address.

Questions:
1) Where can I get TOA Addresses and where is it being traded?
– TOA is being traded in Cryptopia, CCex and NovaExchange. We’ll also be trying to get listed in Bittrex as soon as we have a strong community behind us. You can download the wallets from here.
2) Will there be a Mobile wallet and/or Online Wallet for TOA?
– Yes Online Wallet and Mobile wallet will be provided this month of September
3) If ever there are issues, to which email should we raise it to?
– Please send an email to support@pesobit.net for all of your concerns
4) What will happen to Pesobits that are currently staking?
– New stakes will no longer be allowed and those who are in the middle of their staking period will have to wait til it get completed for it to appear as their Pesobit balance which they can withdraw to TOA
5) Will there be an Online Staking in TOA Online Wallet in the future?
– Yes and it will be fixed at 2% per annum
6) What are the important links of TOA?
Website, Coinmarketcap, BitcointalkFacebookTwitter, and Youtube

Trading on Cryptopia for beginners

TOA is a cryptocurrency designed to be used in Travel industry. Some of TOA projects involve a Cafe, a capsule-based Inn, an Online Booking site and many more. The idea is for you to be able to use your TOA on these systems  thereby presenting an efficient mode of payment that TOA users will surely enjoy.

TOA has 8.8 Billion coins, yes you read that right but only 49% are usable because 51% or the 4.43 Billion coins were sent to these 2 wallets (click here and here to view them).

These 2 wallets act as nodes to make sure that in the future no 3rd party group or organization will own 51% of the staking network. Owning such  may eventually allow them to edit the blockchain for their own good and agenda.

TOA has a low 2% inflation rate which will prevent flooding the market with too much new coins. Low inflation rate, stable network and great future plans lead to a very successful coin. We’re being traded in 3 cryptocurrency exchanges at the moment and these steps below show you how to trade in Cryptopia if you don’t know how to do it.

1) Go to Cryptopia then enter your credentials. If you don’t have an account yet, click Create Account then fill out the required details. Once you have an account already feel free to click on Login.

2) Click on the Bitcoin symbol next to your name in the upper right part of your window, it will take you to Balances.

3) Enter TOA or BTC depending on which coin would you like to deposit funds to. Then click on the Deposit symbol as shown in the screenshot below.

4) It will then generate an address like this one below.

The address listed is your Deposit address, this is where you will be depositing your TOA or BTC depending on which coin did you select. Take note that you will have different addresses per coin so your BTC deposit address is different than your TOA deposit address.

5) Once you’re done depositing your coins, click on Exchange or simply go to this link.

6) Now, you will be in the TOA-BTC trading page. If not make sure that you’re on this link.

There are 3 fields that you have to fill in the Amount to Buy/Sell, Price per TOA and BTC total.

The price per TOA has a price in it already but you can edit it to whichever price you want to buy/sell your TOA. Trading is creating matches, those orders that are already there are just waiting for the willing buyer/seller in their dictated price.

The highest Buy order gets to be on the top of the Buy Orders while the lowest Sell order gets to be on the top of the Sell Orders list.

In the image above, 0.00000128 BTC is the lowest Sell order while 0.00000114 BTC is the highest Buy order. If you want to buy right away, you have to buy whatever is currently being sold which is at the price rate of 0.00000128 BTC per TOA. And if you want sell, then you can sell at the current highest buying price of 0.00000114 BTC per TOA.

But, you can also set a different price like maybe you want to buy at a cheaper price than what is currently being sold at, then you state the price you want to set. Since the highest buying price is 0.00000114 BTC per TOA, you might want to set a higher price at 0.00000115 BTC or more for your order to be the one listed at the top, meaning, if there’s someone willing to sell it will be your order which will get hit first.

Try to buy and sell little amounts for you to get the hang of it.

If you want to buy TOA but don’t want the hassle of going to exchanges, you can do so by going to www.toacoin.net. It also allows you to refer other people and give you earnings depending on the amount of TOA they bought.  It even accept other mode of payment like Paypal, Skrilll, other Cryptocurrencies and Bank transfers for Philippine and Malaysian users.

Need further assistance? Don’t hesitate to send us an email to toacoin@gmail.com.

Or reach out via our Social Media Channels below:

https://twitter.com/ToaCoin

https://www.facebook.com/toa.coin

TOA Trading on CCEX made easy for newbies!

TOA is a cryptocurrency designed to be used in Travel industry. Some of TOA projects involve a Cafe, a capsule-based Inn, an Online Booking site and many more. The idea is for you to be able to use your TOA on these systems  thereby presenting an efficient mode of payment that TOA users will surely enjoy.

TOA has 8.8 Billion coins, yes you read that right but only 49% are usable because 51% or the 4.43 Billion coins were sent to these 2 wallets (click here and here to view them).

These 2 wallets act as nodes to make sure that in the future no 3rd party group or organization will own 51% of the staking network. Owning such  may eventually allow them to edit the blockchain for their own good and agenda.

TOA has a low 2% inflation rate which will prevent flooding the market with too much new coins. Low inflation rate, stable network and great future plans lead to a very successful coin. We’re being traded in 3 cryptocurrency exchanges at the moment and these steps below show you how to trade in C-Cex if you don’t know how to do it.

1) Go to https://c-cex.com then enter your credentials. If you don’t have an account yet, click Create Account then fill out the required details.

2) Click on the lines on the left of BTC markets then it will open a drop-down menu. Click Balances.

3) Enter BTC in the search field if you want to fund Bitcoin to your account or type TOA if that’s what you want to fund.

Click on the Get new address if you don’t have a deposit address yet. The address is where you will be sending your funds so you need to simply remember to send it to the right address. You can only send TOA to your TOA deposit address and BTC to your BTC deposit address.

4) Once you already funded your account and ready for trading, click on Trade on the left side of the window.

5) For first time users, it will open the Favorites coins window for you to choose which coins do you want to trade to.

Just select BTC and TOA then hit Save.

6) Now, it will take you to the BTC-TOA Trading page. If not, go to this link.

7) Once your funds are already in, then feel free to buy or sell coins. If you sell TOA, you will receive BTC. If you want to buy TOA then you need to have BTC in your account.

There are 3 fields that you have to fill in the Amount to Buy/Sell, Price per TOA and BTC to Spend/Receive.

The price per TOA has a price in it already but you can edit it to whichever price you want to buy/sell your TOA. Trading is creating matches, those orders that are already there are just waiting for the willing buyer/seller in their dictated price.

The highest Buy order gets to be on the top of the Buy Orders while the lowest Sell order gets to be on the top of the Sell Orders list.

In the image above, 0.00000161 BTC is the lowest Sell order while 0.00000151 BTC is the highest Buy order. If you want to buy right away, you have to buy whatever is currently being sold which is at the price rate of 0.00000161  BTC per TOA. And if you want sell, then you can sell at the current highest buying price of 0.00000151 BTC per TOA.

But, you can also set a different price like maybe you want to buy at a cheaper price than what is currently being sold at, then you state the price you want to set. Since the highest buying price is 0.00000151 BTC per TOA, you might want to set a higher price at 0.00000152 BTC or more for your order to be the one listed at the top, meaning, if there’s someone willing to sell it will be your order which will get hit first.

Try to buy and sell little amounts for you to get the hang of it.

If you want to buy TOA but don’t want the hassle of going to exchanges, you can do so by going to www.toacoin.net. It also allows you to refer other people and give you earnings depending on the amount of TOA they bought.  It even accept other mode of payment like Paypal, Skrilll, other Cryptocurrencies and Bank transfers for Philippine and Malaysian users.

Need further assistance? Don’t hesitate to send us an email to toacoin@gmail.com.

Or reach out via our Social Media Channels below:

https://twitter.com/ToaCoin

https://www.facebook.com/toa.coin

TOA Coin Official Announcement

We are currently in the period when different companies are starting to use the blockchain technology to enable them to give superior products and services than their competitors. Providing un-matched services would always give companies an edge above the rest.

And one of the cutting edge services is the integration of a cryptocurrency in their general system of services and support. Cryptocurrency is generally used for money transfer activities such as remittance or online payment systems – but we would like to add another innovation for its usage.

Introducing TOA COIN.

TOA stands for Travel Operations Agency and its main goal is to provide its users the capability to use TOA as the cryptocurrency within its umbrella of partnered Hotels and Travel agencies.

This is a very bold and fresh approach to integrate a cryptocurrency as an additional and secure mode of payment and transfers between travel agencies, event suppliers and hotel companies. The process of partnering with different travel entities that would utilize TOA COIN is already undergoing!

Our offices are established in the Philippines and Malaysia where initial projects would commence.

Aside from typical cryptocurrency systems like block explorer, wallets and exchange listings, 2 projects are in their initial stages. These are the TOA Hub Cafe and the TOA Bookings.

TOA Hub Cafe is like your friendly neighborhood coffee shop that would accept your TOA coins.

It being a HUB for TOA – would also mean that TOA Coin holders would be able to redeem perks given to all TOA members.

These perks could be discounts rates, freebies while enjoying their free and comfortable personal space to talk with other members, go online, trade in the crypt-exchanges and get support and additional support from the TOA staff and where necessary, the TOA technical team.

There will also be an offline exchange program where you can buy/sell TOA to and from your local currency depending on where the TOA Hub Cafe is located. This is where you can also meet other TOA users, merchants and potential business partners.

TOA Bookings on the other hand acts like your regular travel booking online that makes of TOA as the digital currency. The hotel accommodations and travel packages that will be listed here are the TOA business partners where you can experience the most out of their services through the TOA coins.

Instead of a typical ICO – TOA COINS will have its CROWDSALE.

TOA coins will be available in fixed packages with a rate of $0.003 USD per TOA coin this month.

The sale will only last for a week or 2 so that we can immediately be listed in exchanges in July for active trading.

We will still be offering the packages for those who would like to buy TOA directly from us but it will be based on the trading price with small discounts.

All the wallets will be ready this month including the mobile and the online wallet where you can buy the packages.

Our 5-year target price is $1 USD per TOA and this will be aggressively pursued by providing travel related services (flights, hotels, events, bookings etc – where the TOA coin is integrated in their payment scheme options.

The advantages of using a cryptocurrency for your travel-related expenses cannot be underestimated. The rates are not affected by the ongoing currency exchange rates, operational through mobile and desktop wallets, very secure and all transactions are easily monitored through the blockchain.

Truly a convenience like no other.

To know more about the project, please visit www.toacoin.com

We will be announcing here where you can buy the TOA packages once it is ready.

Initial Specs:
Volume: 8.8 billion
Type: POW/POS Scrypt
Staking Rate: 2% p.a

You can also follow our social media links below

Facebook: https://facebook.com/toa.coin

Twitter: https://twitter.com/ToaCoin

Youtube: https://www.youtube.com/channel/UCLRR-kzLbi0rR6KcmO5QinQ

TOA and Future Projects

TOA is a simple cryptocurrency designed to be used in Travel industry.  But you might be wondering where would you use TOA specifically?

Since TOA is a cryptocurrency, all in-house and 3rd party solutions will be provided with the Block Explorer, Desktop and Mobile wallets, Exchange listing, Online wallet and many more.

But that is somewhat expected out of a cryptocurrency like TOA –  although not all cryptocurrencies provide those.

What really stands out for TOA from the hundreds of cryptocurrencies out there, is that it will be used as a digital money across the travel industry, which includes payment for hotel accommodations, travel packages, Cafe, Medical travel and many others.

TOA central business entity will establish partnerships with different Hotels and Travel agencies that will make TOA to be included as one of their payment solutions. TOA payment solution offers more efficient solution compared to existing mode of payment like bank transfer or credit cards.

TOA vs Credit Cards

– TOA has a yearly growth in volume of 2% – this  means the number of your TOA coins increases while your credit card charges you annual fees as well as transaction fees.

– Acquiring credit cards from banks has lots of requirements preventing it to be used by just anyone while TOA can simply be bought and owned by the general public.

– With TOA, you are your own bank and you can send your TOA to anyone who has a TOA wallet be it via mobile, Internet browser or laptops. While for credit cards, you can only used it in merchant terminals.

– TOA is an open source system – this means anyone can use it as their Payment method and there’s no need to worry about outstanding fees unlike setting up Credit card mode of payment in your system.

I know most of you are aware that there are hundreds of cryptocurrencies out there that could also do this, but there’s a difference. The problem with a decentralized system is that we rely on the general public too much and we don’t have a central entity that works for the development of the cryptocurrency. Although there are a few cryptocurrencies out there where their developers or founders are still active in providing usage for their coin, none of them is focusing on the travel industry.

What really separates TOA from other cryptocurrencies is its goal of providing a better mode of payment for travel related expenses as well as uniting travel agencies so it can provide services to the TOA community.

TOA your innovative travel currency.

What is TOA Hub Cafe?

This is one of the main projects of TOA Management, creating a Hub where TOA users can meet and more.

It’s like your regular coffee shop – but this time, the only currency to be used inside is purely TOA.
Customers can pay using their mobile wallet or online wallet accounts. We could setup partner merchants inside as well to sell their items/products in exchange of your TOA and that’s not even the best part, it also acts as a money exchange center where you can buy and sell your TOA for your local currency.

Using TOA as a mode of payment for all the services is a given and somewhat expected for a cryptocurrency coffee shop but what puts it into the podium is providing a money exchange system in place.
Cryptocurrencies are normally bought via Bitcoin or other digital currencies like Paypal and Credit Cards but in order to bring TOA closer to the people, it has to be easier to be obtained or even sold at local currency value. Creating a direct exchange program will bring in more users as they will find TOA to be very convenient to acquire, to sell and use as mode of payment.

The TOA HUB CAFE is where ideas come into fruition. Where you can meet and speak with the TOA management team members.
This is the place where you can bring a potential merchant partner to showcase what TOA community is like. A place where you can talk to a fellow TOA user and share the amazing experience that cashless payment via TOA brings and most of all, this is where you simply relax and enjoy your delicious coffee and take a break away from your busy day.

TOA in reaching its target price of $1

TOA will only be sold at a price of $0.003 during the pre-order stage so the target price of $1 will be 333 times over. Is that possible? If so, when? We’re targetting to reach this price within the next 5 years and that can only be possible by providing enough usage to its users, have an effective marketing strategy and create long term partnerships with other businesses.

Law of Supply and Demand states that if you want to increase the Price, its either you lessen the Supply or you increase the Demand. In cryptocurrencies like TOA, Supply will be increasing by 2% per annum as that is its inflation rate. So our Demand must be more than that 2% in order for the price to increase. There must be a growing number of users adopting TOA and make them use it as much as possible to have greater circulation. Aside from providing them online systems that cryptocurrencu users usually enjoy with other coins, we must provide the users the tools and the reason why TOA should be a better alternative than what the current system provides. TOA users should be able to enjoy the following services:
1) Pay for their accomodation
2) Avail travel packages
3) Use it as a currency in a Hub Cafe
And more….

For the Marketing Strategy, we will be having a referral system together with offering a 20% discounted price based from Exchanges. Each user who bought TOA from us will have their Referral link that they can use so they can earn from 5% to as high as 13% depending on the referred user purchase amount. We will also be having offline promotions setting up meetings for potential investors as well advertising in Social Media channels.

And of course, what will seperate TOA from most alternative cryptocurrencies is establishing partnerships with different travel-related companies like hotels, travel agencies etc. This will allow TOA users be able to spend their TOA and use it as a better payment method than what we currently have. No more worrying about limitations of your existing mode of payment, expensive fees and slow transfer. Once you have TOA then you can already avail their services by just sending them your TOA from your account or even you mobile wallet.

A cryptocurrency is decentralized in nature which is what other cryptocurrencies are following but if you have a central responsible entity that will steer it to the right direction then you will see that $1 target is possible.

What is TOA?

First off, you need to know what a Blockchain is. TOA including all the other cryptocurrencies out there have a blockchain that they work on. You can easily refer to the blockchain as an electronic ledger of all the transactions. It is also a chain of blocks hence called a blockchain. Think of it as if you’re writing everything that is happening in your business, and a block is a page of your logbook. You flip the page to record new ones – it is the same as additional blocks are being added in the blockchain. You can go back and check what happened before but you can’t edit what you’ve written. Only that blockchain is more of a global scale and reside over the Internet and you’re all allowed to write on the blocks anytime using a software or your wallet. And all of you will have an identical record of events or blockchain. You might be thinking, we record things from anywhere and anytime almost simultaneously so the blocks could be messed up. That’s what ‘confirmation’ is for. If you initially send/receive funds, that transaction will have a transaction id and will be marked as ‘unconfirmed’ at first. It will be written to the blockchain then gets confirmed in the process  basically making it possible  for everyone to know that such transaction happened.

Confirmation basically validates things so the blockchain knows that such coins were already transferred and you can’t spend those anymore. This basically makes sure that all transactions are recorded and validated by a single blockchain regardless if they happened at the same time. Take a look at this image below to get a clearer picture of how blockchain works.

TOA has its own blockchain – meaning we can only transfer assets across our blockchain and you won’t be able to transfer funds from another blockchain or cryptocurrency to/from TOA. There are initially 8.8 billion TOAs with a yearly inflation or volume growth of 2% . This means that the volume increases everyday and this is programmed as such, that there is  no need to do anything not even have to manually give them out to you. So if you have 100,000 TOAs you will roughly gain additional 5 TOAs per day or simply 2,000 per year and this type of transaction is called Staking or Mining in the case of Bitcoin.

These additional coins are called staking rewards as it is basically a reward that you gain for connecting to the network of users. A blockchain is a peer to peer network and has no central server that controls  your coins unlike those digital currencies that do not have a blockchain.  With the blockchain, as more people are connected to the network, the more stable the network becomes  as everyone validates a transaction. Think of it if you only have 2 users connected, one could be in the correct blockchain while the other could be trying to build his own blockchain or basically falsifying the data. Who will validate the transaction then if both are trying to write different versions of the blockchain? You need validators or those who contain the right blockchain to compare the transactions and tell which one is correct and eventually reject the user who is trying to cheat the blockchain. So basically, the more users that  are connected to the network the better it is for the blockchain. So how do users connect to the network?  They easily connect to the network via their wallet.

Where do you store your TOA?
Just like paper money, we store them in our wallet (well most of us). For cryptocurrency, we also call them wallet only in an electronical manner as these are computer programs you install in your Mobile, Windows, MAC or Linux devices.  Through these you are able to keep your TOAs or send/receive TOAs from other users. You also receive your staking reward (discussed previously) in your wallet – though not all wallets receive staking rewards. The point of staking rewarding is you have your own blockchain copy and you validate the transactions of others.  But some wallets may not be capable of doing this. The mobile versions of the wallets are programmed to be lightweight and has smaller file size and it would not be able to keep up with the growing blockchain copy.

And of course, you will have your TOA addresses as well which is an alphanumeric one around 26 characters long or more that starts with letter T. This address is being used as your receiving address so the sender would require to know your wallet’s receiving address for him/her be able to send their TOAs to you. Even though all are writing in one blockchain, allowing everyone to be able to look into all the transactions, your identities remain anonymous as your addresses do not contain any of your personal info.

Is TOA a scam?

Is TOA coin a scam? Saying no would be easy but real scammers will say just the same. So instead, you need to equip yourself with the right knowledge to identify a real online investment program from the scam ones. The ratio wouldn’t favor the real ones though as there could probably be just a handful of real investment programs versus hundreds of scammers out there. Cryptocurrency is a powerful system, it is designed NOT to be a ponzi scheme but what makes it great also made it to be a vehicle for scamming. There are lots of online programs out there that use the word cryptocurrency or bitcoin to attract investors.

So how to identify the real from not? First you need to know the basics of cryptocurrency and digital currency. Cryptocurrency has its own blockchain as its backbone. Blockchain allows the cryptocurrency to operate on its own, be adopted by 3rd parties, be listed in exchanges and many more. The blockchain must be transparent to the public and all transactions are visible and untampered just like what Bitcoin has. Digital currencies on the other hand may not have their own blockchain and they are more centralized in nature meaning 3rd party systems cannot adopt them and all the running systems are created by its founders. This makes digital currency from unknown company or source more likely to turn out to be a scam because once the founders decide to stop operating, there’s no way for you to encash your digital assets. Most digital currencies as well depend on referral system so referral rewards are usually on the high side. They also have an overly stated high ROIs so to attract new investors.
Cryptocurrency is decentralized by nature. If your asset is in your desktop or mobile wallets and the founders decide to stop, you will still be able to encash your digital assets via selling them to 3rd party exchanges. The more 3rd party systems there are, the more stable the cryptocurrency becomes. This makes the economy of the coin becomes more fluid and independent from a single or central entity.

But not all cryptocurrencies are legit. There are roughly 800 cryptos out there but maybe you can only have a dozen or 2 with actual usage. As stated earlier, cryptocurrencies have a lesser chance of becoming a scam compared to digital currencies with centralized approach, but it can still turn out to be a scam or be a failure due to a number of factors. The way it was designed, the developers’ action after releasing the coin and the realization of its future projects. Creating a cryptocurrency is the easy part, building a solid community behind it is hard. The success of a cryptocurrency depends on its community. Without its community, the cryptocurrency will soon fail and the price will dwindle until panic selling happens in 3rd party exchanges. Most cryptocurrency experts look at how the coin was created, which includes if it is POW or POS, its inflation rate and the volume.

POW or Proof-of-Work allows users to mine the coin or basically get it for free by just using some software on their computer. (which was how bitcoin was back in the early days.) The problem with POW ( aside from you get it free at first using just your computer) is that it becomes more difficult to mine as years go by – so bitcoin nowadays can no longer be mined by just a computer alone as you need specialized devices or so called miners that cost a couple of thousands US Dollars to mine small amounts of bitcoins. But POW coins are attractive to the miners as the earlier you mine the coin, the easier it can be mined , which results with you getting assets just by using your miners. Then there’s POS or Proof-of-Stake that requires a miner to be just a simple software in the computer which is your very own wallet that you installed in your computer. The good thing about POS is that the amount of free coins that they will get depends on how high the inflation rate the coin has. If the stated inflation rate of the coin was designed to be at 50% per annum, it means the amount of free coins they will acquire per year by just keeping their coins in their wallet will amount to 50% of their total holdings. So a user with 10,000 number of coins will get 5,000 new coins in a year which you will receive on a daily basis in small amounts. It might sound good that a higher inflation the better to benefit its users – but you have to take note that these new coins could turn out to be sold in the exchanges for quick money which might hurt the price of the coin in the long term. As a coin with a volume of 100 million, this means that there will be free 50 million coins that could be sold in the exchanges over the course of 1 year. And of course the total volume, too high total volume must be justified same as a very low volume could hinder the distribution of the coin. This will depend on how you plan the coin to be used. If you plan the coin to be used by millions of users then a high volume could be needed or else you need to have a very high increase in pricing just like bitcoin. It can be best looked into by basing it in the market cap of the coin which is computed by its price per coin multiplied by its volume. Bitcoin reached a high market cap despite a low volume because of its very high price. You can check the market cap of different cryptocurrencies over at www.coinmarketcap.com. TOA is designed to be POS, a low inflation rate of 2% with a volume of 8.8 billion.

So if it was properly designed, does it mean it will be a sure make-me-rich type of investment? Nope. It depends on how you spread your cryptocurrency and make it usable by the public or the community. You need to make it appealing to investors, programmers and general users by providing the systems that they can work or use with. So how will TOA approach these sectors? Investors need to see the realization of the roadmap or the future projects. Programmers would want the coin to be easily available for them to use in their own systems so they can create other interesting websites that accept TOA. In doing so,  they could profit in doing for example, a simple e-Commerce website with them selling items, but instead of accepting Bitcoin only or other cryptocurrency, would rather use TOA and Bitcoin – perhaps due to the fact that TOA is easily programmable or can be adopted to their systems and only a few coins provide those via APIs (Application Programming Interface).

General users want a coin that they can use in many systems or online services, so providing them with several 3rd party service providers’ partnerships like 3rd party payment systems, 3rd party online wallet providers, etc. would be a real advantage.  And of course providing them our own services that they can use their TOA with will be the best approach.

But of course, we need the community and early investors’ support in order for all of this to become a reality.