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.