Time New Bank Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of the Time New Bank Coin consists of three chapters: origin & background, technology and pros & cons.
Origin & Background
As humans, we have diverse resources, but some of them are as prized as time. A resource that cannot be recovered once it’s gone. Therefore, TNB is a blockchain-powered cryptocurrency whose focus will be to shape time transactions, and time asset exchange. But how?
According to the Whitepaper, the cryptocurrency is a consequence of solid market research. MIT has developed a blockchain-powered precision time-value transmission platform. The TNB Coin is based on this platform. The company uses the following statement in the Whitepaper:
“Miao’A International Timechain (M.I.T) builds a precision time-valuebased transmission network. We highly acknowledge the time-value of money for each individual, and that the extent of which we value an individual’s time depends on how much others need him/here. That means that the more helpful an individual is, the more others need the individual. For the purpose of better presenting individuals’ time-value, and effectively matching the time exporters and time demanders, M.I.T will introduce TNB (Time New Bank) digital currency, based on a blockchain technology underlying platform, aiming to establish a time-value transmission network which comprises prominences of decentralization, internationalization, payment flexibility, pricing transparency, and strong protection of rights and proof-of-stake.”
Time Demanders and Time Exporters Drives the Platform
From a distance, all that happens within the platform might appear difficult to follow. Time exports, which are bonded or ‘secured’ through smart contracts, are created. Also, the platform offers an opportunity to convert time-sensitive commodities into profits as they circulate on the market.
Furthermore, creators of these exports use their extensive social media following to pull their followers to MIT. The platform then creates time assets from the resulting time commodities.
Meanwhile, both the Time Demanders and Time Investors have the permission to trade using their TNB cryptocurrencies. It implies that the value of the cryptocurrency will depend on the total number of demanders and investors. While the recognition of the platform will depend on how the two promote it out there. Therefore, it is primarily meant for celebrities whose followers will inhabit the platform and help ensure that more transactions happen.
The Time New Bank Token in the MIT platform
- Time commodity exchange – secondary market
- Time commodity exposition platform – the entry portal
- Enterprise service middleware
- Time commodity issuance platform – the primary market
- Time asset exchange – the 3rd market
- App, DApp, API, SDK
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