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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