A Breakdown of the ThinkCoin Whitepaper Pt 6/6
A Breakdown of the ThinkCoin Whitepaper
Pt 6/6
FUTURE DEVELOPMENTS
Introducing wallets
With many opportunities to partner with other companies that
share the same ideology in a bid to add both cold and hot cryptocurrency
wallets to services offered. These will give storage solutions, a situation
where cryptocurrencies are stored safely
on devices regardless of whether there is an internet
connection or not. But before this is put into use, soft wallets will be
utilized, here, an application will be
used instead of hardware, and this application will act as a door into the
crypto world for users.
Trading with StableCoins
ThinkMarkets is a financial institution that can safely keep
clients’ money. This development will, therefore, make it possible for
TradeConnect to introduce StableCoins – tokens that will either be pegged to
fiat currencies or share their
characteristics.
These could be used for buying and selling, for fiat
currencies and it can be minted. Expectations are
high regarding the further decrease in barriers for new users that will like to
join the system as the interface is going to be more user friendly when
compared to what is one ground presently.
Improving Scalability
Offline transactions are just a tip of the iceberg when the
technological evolutions TradeConnect network have stored is evaluated. In the
nearest future, further steps that include state channels, shards, and plasma chains will be exploited in a bid to
have a better scalability that will allow multiple transactions be carried out
with just one transaction on the blockchain.
Governance and Corporate structure
The recent development in
cryptocurrencies and blockchain technology made the highly experienced TradeConnect
team to leverage on the opportunities that are coming from this new technology.
Taking advantage of an existing network, TradeConnect as a member of ThinkMarkets
will have access to existing clients, trading, and
market structure.
Governance
The company is governed by a Corporate Governance
Framework, this is to ensure efficient leadership and management. Shareholders,
directors and senior managers are the main sponsor of this framework.
Legal notices and disclaimers
The ThinkCoin token is a
multipurpose token, this token is not a digital currency, commodity, security
neither is a type of financial instrument and it is not registered under
security law of any country.
The risks, costs, and benefits of acquiring the TCO before
participating in the ICO should be duly considered by businesses, individuals,
businesses, and other organizations.
The citizens or residents of
countries or regions where there is a restriction on the buying and selling of TCO or
other similar cryptocurrencies are not advised to buy TCO through the ICO (or
Pre ICO). Participans are advised to read the terms of service and understand
it before acquiring the TCO,
Risks
Security
Hackers or other malicious groups
may tamper with the structure of the TradeConnect or TCO network in different
ways.
Fundraising
There is no assurance the company will be able to achieve its goals but
should the company achieve success in the pursuance of its goals, participants
are not entitled to the company’s dividends based on the virtue of owning TCO.
Private Key(s) Loss
TradeConnect will not be held
liable when a third party gains undue
access to a user’s private key(s), giving the third party a chance to gain
access or login into the user’s digital wallet or vault service, handing the
intruder the ability to misappropriate TCO kept in the wallet.
Regulation
When government authorities change the rules and regulations guiding
cryptocurrency trading and the new regulations have a negative effect on
TradeConnect and TCO. TradeConnect may be forced to modify the proposed plans
for the implementation of the TradeConnect project and TCO and it may even lead
to a total shutdown of operations in that country or jurisdiction.
Tax Purchasing
Participants should seek tax
advice before embarking on buying and selling on the TradeConnect network.
Development
TradeConnect may undergo
significant changes over time because it is a work in motion. This could lead
to TCO or TradeConnect falling short of participant’s initial expectation at
the time of joining the network as further developments occur.
Governance
Every decision involving
TradeConnect will be made by the administrators at their discretions only because
TCO does not confer rights of any type to
anyone outside the TradeConnect community.
Links
TradeConnect cannot be held
liable for participants’ involvement, correspondence, or business dealings with
another member accessed or found through the Services
Unanticipated Risks
There are other risks associated
with the participants’ joining the network, holding and using of TCO, including
unforeseen risks that the company couldn’t have anticipated.
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