Investors in the cryptocurrency exchange Tokeno will receive a daily payout of 50% of the profits as compensation. Furthermore, Tokeno is the first community-owned cryptocurrency exchange in the world thanks to the community’s ownership of 90% of the Ethereum-based TEO tokens. We will learn about this incredible concept and the prospects open to us from Tokeneo CEO Tomasz Rozmus in this interview.
The tokeno is a cryptocurrency and token trading market where each investor (owner of TEO tokens) has a personal stake in the profit, to put it simply.
This is, in the eyes of the vast majority of medium-sized investors, our main advantage, but setting up a trading platform is just one of the phases. For this rapidly expanding industry, it is intended to create a comprehensive ecosystem of Bitcoin services, with Tokeneo serving as its core element. As a supplement to the exchange’s services and to enable a response to market demands, it will feature a number of satellite products.
One of them is the first Polish cryptocurrency fund, which makes it simple for beginners to get acquainted with the cryptocurrency markets and blockchain technology, and the online exchange office, which enables swift conversion of the tokens without the need for further identity authentication. Additionally, we recently debuted the Tokeneo. Blog, a news and informational hub for the cryptocurrency industry. It is not a choice but a requirement to address a business that is evolving so quickly and comprehensively. We think that this is the only approach to offer effective support and ensure the project’s success.
What inspired people to start Tokeneo, and what issue are you aiming to solve with it?
Two market patterns that worry us have been observed when creating the tokeno platform’s early conceptual design. The snippy approach to solutions based on blockchain technology caught our attention the most. The systems are frequently highly specialised in very narrowly defined jobs, which atomizes the entire enterprise. Investors must concurrently rely on numerous, frequently incompatible solutions to meet the full spectrum of their needs. This in turn is seriously impeding and delaying the adoption and advancement of this technology worldwide. Tokeneo was designed from the very beginning to be a constantly growing family of complementary services in order to avoid excluding any potential technological applications.
We want to promote acceptance and raise awareness of the most intriguing cryptocurrencies’ uses through our solutions.
The second finding, which has affected the direction and concentration of our effort, is that there is absolutely no connection between project performance and investors’ financial situation. Apart from projected gains in their token conversion rates, the majority of ICO proposals and current projects don’t have much to offer.
These “digital securities” are mostly regular ones, and only a small portion of them serve purposes beyond storing value. The project is then entirely speculative, which exposes investors to unneeded and additional risk. Since the value of the TEO tokens we are offering through the ICO is based on the actual earnings of the platform obtained in the form of transaction fees, Tokeneo is minimizing such risks. In order to accurately price the TEO tokens and the entire project based on the widely accessible adoption and turnover information, we have developed a system of transparent distribution.
What future goals do people want to accomplish? How far along are the exchange market formation processes?
As of right now, the testing for the alpha version, which covered interaction between certain cryptocurrency hubs and portfolios, is complete. The beta trading engine, which will enable users to deposit tokens, is currently being implemented. The final version of our stock exchange is now being developed, and while we want to launch it at the beginning of 2019, we will try our best to start it up for Christmas to surprise our investors.
Our satellite services are being repaired as planned. This month, the Polish and English versions of the Tokeneo.cash exchange office went live. Versions in French, Spanish, and German are on the way. As a result, Tokeneo. Cash will become a widely used, global service. The decisive stage of the Cryptoinvestion cryptocurrency fund’s ICO has begun, and it will be finished at the beginning of September. If we turn back you will find that there is a favourable market condition that is present and it is mostly going to be the tokens that are acquired also you will find the best market positions that are mostly full.
Safe to use Tokeno? What technical and legal strategies would you use to protect your investors’ interests?
Our top focus in the ICO process is the security of the investors who entrust us with their valuables. The dividend system was created with the intention of reducing currency exchange risk and limiting TEO market manipulation. All participants in the process will experience a decrease in risk level and an improvement in investing convenience as a result of the fact that up to 90% of the tokens will stay in the hands of the investors. We work hard to uphold transparency and unrestricted communication between investors and the platform. Risks will be reduced and business stability will be improved thanks to our cooperation with governmental agencies and our choice of an appropriate jurisdiction. The local governments are continually consulted on these issues as we look for the best answers.
Technical oversight is provided by licensed cybersecurity companies, who will continuously monitor the activities occurring on our systems and take prompt action in the event of any hacking attempts.
It’s different with tokeno. We think we have a voice in the cryptocurrency sector, and we want to have a say in how new ICO ventures organise their business models. We’d like to start by outlining a fresh approach to treating investors. how to create lasting connections with people based on unambiguous “win-win” principles. In order to make their voice significantly more meaningful, we are creating technologies. There you go.