TCASH, found online at TCASH.io, is a cryptocurrency for the EtherFlyer.com decentralized exchange. Find out how it works today in our review.
What Is TCASH?
TCASH is a digital currency for EtherFlyer.com, a decentralized exchange built as a decentralized app (DApp) on the Ethereum blockchain. You can buy TCASH tokens during an ongoing ICO to receive 50% of revenue from the paltform’s fund, as well as lower transaction costs.
The TCASH tokens were distributed with an airdrop throughout November, followed by a pre-ICO and an ICO in December 2017. You’ll be able to use TCASH tokens for various benefits on the EtherFlyer.com decentralized exchange. As a token holder, you’re entitled to a proportional share of 50% of revenue generated by the platform, for example. TCASH token holders also receive transaction cost relief on a gradient scale.
How Does EtherFlyer Work?
TCASH tokens are used on EtherFlyer. EtherFlyer is a decentralized exchange built on Ethereum, and TCASH is an ERC20 digital token linked to that exchange.
You can access the EtherFlyer exchange through your internet browser (Chrome, Internet Explorer, and Firefox) or through a mobile device (Android and iOS). Like other decentralized exchanges, there’s no need to deposit money into the exchange to begin trading. You maintain control of your funds at all times.
The exchange is scheduled to begin operations in January 2018, with the first dividends paid to investors in February.
TCASH and EtherFlyer.com are being marketed with all of the following features:
EtherFlyer.com is a decentralized exchange based on Ethereum for security and stability.
High-Performance Order And Matching Engine:
Hardware acceleration and high efficient memory matching technology means EtherFlyer.com can support high-end order matching speeds exceeding 2 million transactions per second. The platform also has order processing speeds of more than 1 million TPS.
In the future, EtherFlyer.com plans to support cross-chain transactions between different cryptocurrencies and different blockchains.
Revenue Sharing For Contributors:
As a TCASH token holder, you gain access to 50% of the EtherFlyer.com revenue fund, as well as relief from trading fees on the platform. Trading fee relief is based on a gradient scale.
The TCASH Token Sale
The TCASH token sale begins with a private sale from December 2 to 9, 2017. During the private sale, the exchange rate is set at 1 ETH = 2,600 TCASH.
The pre-ICO will take place from December 10 to 12, during which you can purchase 1 ETH = 2,300 TCASH.
Finally, there’s the general ICO, scheduled from December 13 to 18, during which you can purchase 1 ETH = 2,100 TCASH.
In November 2017, tokens were distributed via an airdrop. 300 TCASH tokens were given to users through a Bitcointalk forum thread.
Who’s Behind TCASH?
TCASH is led by T. Xue, PhD (CEO and Founder). He’s an experienced entrepreneur with a background in mathematics, computer science, and investment economics. He’s also the CEO of Japan’s Smart Corporation.
Other key members of the team include O. Ho, PhD (Economics, Master of Finance, Chief Strategy Officer) and K. Yu (Lead Technology Developer).
The company was formed in April 2017. The TCASH fund and platform are scheduled to launch in January 2018, with the first investor returns taking place in February 2018. A trading app for Android is scheduled to launch in June 2018, followed by an iOS app in September.
TCASH Isn’t Related To Telkomsel
When you Google TCASH, you’ll find plenty of search results for an Indonesian mobile carrier’s money service. That mobile carrier is called Telkomsel. They offer a money transfer service called TCASH. There are also Android and iOS apps for that TCASH service.
The TCASH we’re reviewing today isn’t related to Telkomsel’s TCASH in any way. However, it’s easy to get confused, because Telkomsel’s TCASH also lets you pay merchants and transfer money over your phone.
In any case, TCASH (the digital token for EtherFlyer) can be found online at TCASH.io. The TCASH apps you see in the app store today aren’t for the TCASH token we’re reviewing today.
TCASH is an ERC20 token being sold in a crowdsale throughout December 2017. The token entitles you to a portion of 50% of trading revenue collected by the EtherFlyer platform. EtherFlyer is a decentralized exchange built on Ethereum. Like other decentralized exchanges, you can trade cryptocurrencies on EtherFlyer while maintaining complete control of your funds. You don’t need to deposit them into a centralized platform.
To learn more about TCASH and how it works, visit online today at TCASH.io. The exchange is scheduled to launch in January.