[ICO Review] TransCrypt: The Future of Global Trading Systems

 

The e-money market is no doubt the fastest growing market in the previous year, there were times when day by day trading volume exceeded $ 2 billion. However, in spite of such marvelous development, the infrastructure of the entire system isn’t forward, leading to sluggishness in exchanges and the cost of figuring power. These restrictions have greatly hindered the spread of electronic money and have made it less convenient than conventional. People need a faster and simpler way. So TransCrypt was conceived, with the primary capacity as an ecosystem for the dissemination of electronic money and national currency. It includes a friendly application for payments and transfers, an investment device, an item for retailers that permits the acceptance of electronic money as a payment method and furthermore a market for monetary items. Really a versatile instrument: from the role as a crypto wallet store your computerized assets, to payment at any area (phone or e-can); moment cross-border fiat exchanges to B2B charging and POS systems … all will be integrated into a single application.

The market

There are 3 things remarkable for your consideration here:

The 2.5-billion-people market of the messenger has developed tremendously and still on the uptrends both vertically with the up and coming upgrades and data technology reform in this fourth Industrial revolution and blockchain wave and on a level plane with the increasing internet penetration around the globe together with the expanding of Fintech companies giving IT answers for money related services.

The P2P transfers market with a volume of $600 billion which is currently as yet skyrocketing.

A quickly developing cryptocurrency market with a volume of over $1 trillion – Jesse Powell, founder and CEO of Kraken, estimate that the cryptocurrency market would continue to see an “acceleration” of development — despite a sharp pullback in recent weeks. As I would like to think, this is possible since Institutional investors are never again overlooking cryptocurrencies (Goldman Sachs – to exactly name it). Even numerous national governments have realized the potential of this market to solve governmental issues.

Another interesting thing to mention is the Tizer blockchain system introduced by TransCrypt. The Tizer system overcomes the disadvantages of the current blockchain stage: no electricity costs, no processing power, no huge figuring etc. so the exchange expenses will be negligible and reduce the pressure on the infrastructure system.

The problem

At first, cryptocurrency was destined to serve the P2P exchanges with rapid.

Be that as it may, what now? Do you know to what extent does it take for a newcomer to complete a cryptocurrency exchange?

Not to mention its current nature of low in exchange speed and even worse when congestions take place, the group likewise needs to complete some intermediate steps to complete an exchange especially when it comes to the threatening and length wallet address. Simply imagine of explaining how to store, send and receive cryptocurrencies to your parents. That sounds like rocket science to them, making this market inaccessible to a wider audience. Also, that, is the business requirement that the TransCrypt team is meaning to solve.

The arrangement

The enormous idea here is to send and receive cryptocurrency simply easy and fast like a message yet as yet keeping the security norms provided in their universal money related services so anyone who knows about the typical managing an account interfaces could do that effortlessly.

The TransCrypt system with moment interpretation and inherent conversions will naturally convert from your currently owned currencies to the required measure of the wanted one because of its own payment system and multicurrency Tizer blockchain, exchanges in TransCrypt will be made immediately and for free.

Using the benefits of the all messenger choices, especially the most crypto-related one – Telegram as the main premise, the TransCrypt project could have an advantageous access to most of the cryptocurrency group, which is a great establishment for the project to skyrocket. And after that, they widely receive more users.

I do profoundly rate projects with a practical MVP. Also, TransCrypt is one of them: Their MVP is available for mobile devices on the Android stage and backings Bitcoin exchanges. Inside this year, they expect to release the full version to help exchanges in Litecoin, Ethereum, Ripple, Cardano, Neo, Stellar, EOS, NEM, Dash and fiat transfers in the principal quarter of 2019.

With their answer, TransCrypt would be the primary stop for newcomers to enter the blockchain world. What’s more, as it increases the user reception of this world-changing wave of technology, the project benefits itself and its token holders too. In spite of the fact that transfers inside the network will be free of charge, the TransCrypt stage does charge some fees for further services, for example, exchanges fee, and other fees for money related services for market making together with commissions from conversion exchanges, the purchase and sale of advanced assets exchanges, external P2P transfers, merchant gaining, Interchange, etc.

For further development, their application likewise has an investment panel, where the user can purchase cryptocurrency as well as different advanced assets and shares, expanding their field of operating to a wider range.

Token Economics — Token sale

Token Symbol: TSR

PreICO Price: 1 TSR = 0.001 ETH

Price: 1 TSR = 0.002 ETH

Platform: Ethereum

Accepting: ETH, BTC, Fiat

Minimum investment: 200 TSR

Soft cap: 2,857,000 TSR (covered by their key investors)

Hard cap: 10,000,000 TSR

Country of Origin: Estonia

County Restricted: The USA and China

Whitelist/KYC: KYC

For more information, please click on the link below:

Website: https://tsrpay.com/

Whitepaper: https://tsrpay.com/docs/whitepaper.pdf

Telegram: https://t.me/tsrpay

Facebook: https://tsrpay.com/docs/whitepaper.pdf

Twitter: https://twitter.com/tsrpay

 

Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173

 

#ico #blockchain #ethereum #tsrpay

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Lelvin

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