At the crossroad of two emerging fields Finance and IT there lies Blockchain. All the valuable assets from Precious metals to shares, from commodities to real estate, they all now become crypto-asset, by virtue of blockchain.
To work with these assets is where Tokenbox comes in, not just as a service but as a crypto-asset platform.
Tokenbox is an ecosystem that combines cryptocurrency funds under the management of professional portfolio managers and traders on one hand and investors on the other. It is created by the teams behind The Token Fund which is one of the first successful crypto funds in the world. The Token Fund is an extremely successful company with an annual profit preaching about 1000%.
Whether it is traders or whole funds, Tokenbox helps them tokenize their investment portfolios. They offer the users amazing tools to manage like a proper trading terminal, analytical platform and client services.
Apart from this they introduce a whole legal framework to suit every user’s needs and requirements. One of the biggest hurdle in relationships is lack of trust which Tokenbox overcomes by making the use of smart contracts mandatory.
What’s in It for Customers?
Funds and Traders:
- Easy KYC: Every customer is required to do a KYC before making an account.
- Smart Contracts: It is mandatory which ensures all the obligations are met
- Fund Ratings: Ratings helps a user choose better.
- Tokenization: It substitutes a user’s sensitive data with irrelevant one.
- Appealing software: Both their mobile and web box are intuitive and easy to use even for beginners.
- Approved traders: All the traders are approved through KYC
- Transparency: The platform is decentralized and free from any censorship
- Multi Wallet: There is a unified wallet supports multiple cryptocurrency.
- Security: Multilayer secure vault for both crypto assets and user data.
- Fiat Currency support: People can easily invest from just a visa and mastercard.
Tokenbox TBX Tokens
TBX is the utility token which is necessary to have access to the platforms services. These funds in the TBX format, are placed in the portfolio of the fund or trader and are valued in the portfolio like any other assets.
Token generation process is organised using a smart contract on Ethereum platform. TBX is a token of the ERC20 standard which can be stored by investors using multiple wallets and services. In total 31 million TBX will be released.
Funding of up to $6,000,000 USD are sent as initial investments to the funds elected by the Tokenbox team. This means that the first partners have an opportunity to receive significant management funds which is available at the start of the platform.
Utilization of Funds:
- 5% for Legal funds
- 20% goes to the team and founders
- 15% goes for marketing
- 30% is utilized in development
- 30% is distributed between the first partners and reserve funds
Tokenbox is run by a team that brought you The Token Fund and Zerion. They have already created a name for themselves in the cryptocurrency market and are now seeking the take on the entire FinTech world.
You can learn more about Tokenbox and their token on their website https://tokenbox.io/.