- Exchange of cryptocurrencies as equals
For our first scenario, suppose we have two users, Bob and Alice. Bob needs to send Alice a cryptocurrency transaction to pay for the lunch he bought today. With the existing solutions, Bob would have to somehow get Alice's wallet address. If I'm in person, Bob could scan a QR code that contains Alice's wallet address. If they are not in the same place, Alicia could send Bob her hash address by copying it, pasting it and sending it to Bob via a text message, another messaging application or via email. These additional steps to start a transaction create unnecessary friction.
Most users who are not used to cryptocurrencies think that these steps are too complicated and do not even worry about using cryptocurrencies. With so many options to send fiduciary currency between users, for cryptocurrency to compete, it must be easier than sending fixed transactions.
- Small businesses that accept cryptocurrencies
In the second scenario, we will consider the case of small businesses that accept cryptocurrencies for the payment of goods or services. These may be the neighborhood coffee shop, restaurant or shoe store.
Assuming a business, let's call it Gino's Pizza, you want to accept cryptocurrency for payment, a common practice that is used now is that the company shows a QR code that customers can scan to get the address of the company portfolio. Customers can send transactions to this address using their own wallet application. This again creates barriers to entry for users who are not used to operating in cryptocurrencies.
Secondly, what happens if the activity in question is a restaurant that offers and requires payments to be made when orders are placed? With fixed transactions, users can provide credit card numbers to the recipient of the order by telephone. This is not possible with cryptocurrencies. The closest thing to giving a credit card number over the phone would be for the person in charge of purchasing to read the store's cryptocurrency address by phone. This would be very prone to errors and impractical to use, because if the customer loses a single character, the transaction could be lost forever.
- Contextual information on transactions
The third scenario refers to contextual data for transactions. Let's go back to our neighborhood restaurant. Suppose also that Gino's Pizza is a popular union, therefore, and several transactions are processed in one hour. If multiple orders are placed by telephone or by users scanning the QR code of the business address, restaurant operators have no way of knowing which transaction corresponds to which order.
An inefficient solution would be to match the value of transactions with orders. This would not work if there is more than one transaction with the same or similar value. Another option would be that customers can read the home address by telephone and that the buyer orders to register this address, and then match the addresses when they enter the transactions to assign them to the correct customer. With only hash addresses, this is technically unrealizable. Now imagine that the pizzeria is waiting for deposits from more customers. It would be a total nightmare for store employees to report transactions with customer addresses.
Another inefficient solution currently used is that companies generate different addresses, one for each customer or order. This is a tedious and cumbersome process for small businesses, since it leaves them an increasing number of addresses to manage over time. This is another non-solution to this problem.
Key Features
Using CRyptoCurrency has never been so easy
Once users discover others and content on the network, they can chat freely with them through peer-to-peer connections. The transaction can be sent via the wallet interface or directly from the chat.
Payment solutions for merchants.
Friendly users and transaction metadata give us the opportunity to offer customized solutions that companies need to facilitate the acceptance of cryptocurrency payments. Our merchant solution is a point-of-sale (PoS) system that simplifies sales, order and customer management.
Powered by search and discovery in blockchain
Today's cryptocurrency users must handle hash addresses, QR codes and other gadgets. This creates friction and makes the cryptocurrencies strange to the average user.
With Wit Tip Blockchain, users and companies can register user names that can be searched and discovered by other users. They will be able to make transactions quickly, easily and easily.
The Blockchain suggestion allows ease of use through discovery in the blockchain!
Instant messaging from point to point
The first DApp created in Tip Network, by the Tip team, will be a wallet application that will incorporate different platform features. Account aliases, search and instant messaging will be included in this wallet application. Instant messaging will be a central feature of the application, as Tip's main goal is to push the massive adoption of Tip Blockchain and instant messaging provides a way to do it. Users can send transactions directly from messaging conversations or using the traditional wallet interface.
Users can also find other users or companies by user name (alias) by searching the network and adding contacts from the phone's address book. Multiple message formats will be supported, including:
Text message
Messages with images
Voice messages
Animated gifs
Video call
All messages will be exchanged via peer-to-peer connections without being routed through a centralized server.
Point of sales system
At the other end of the spectrum, the problem of adopting cryptocurrencies is that of companies. The solution that Tip offers companies will be another DApp, created specifically for retailers.
This is a point-of-sale system, which will include features such as:
Transaction management
Order management
Customer management
Reports and analysis of sales
Third party integrations
How to solve problems of the affirmation of the problem
With the example problem defined above, after analyzing the high-level solutions provided by Tip, we are now ready to consider how Tip solves the presented problems.
The TIP token is the unit of account in the suggestions network. It is the network's native currency, so it is used to pay for transactions, storage and other services on the network. TIP is a utility token that users can use to:
Transfer between couples.
Use it to buy things in the real world with merchants who accept TIP.
Token Distribution
Total Token Supply - 1,000,000,000 TIP
60 % Token Sale
8% Bounties
10% Team (Lockup)
5% Advisors (Lockup)
17 %Company Reserve (Lockup)
Token Type: Ethereum ERC20
Purchase with: ETH
Base Price: 1 ETH = 10,000 TIP
Hard Cap: 46,450 ETH
Token Sale
In order to generate funding to finance the research, development and marketing of Tip Blockchain, Tip Inc will launch a TIP token sale that will be open to the general public. Users will be able to purchase TIP tokens using Ethereum (Ether) tokens. Tip's selling price will be 1 ETH = 10,000 TIP or 1 TIP = 0.0001 ETH.
The sale of tokens will last four weeks. During this period, 60% of the total supply of TIP will be available for purchase by the public. Any unsold tokens will burn.
Allocation of Funds
Token Price Structure
Competitive Advantages
Next, we will cover other blockchain solutions that provide a subset of the features provided by Tip. We will then indicate how the Tip solution compares with those other projects.
ROADMAP
Conclusion
Tip offers innovative solutions for the problems users face when using cryptocurrencies for daily transactions. We do this through the power of chain discovery and build applications that harness the power of chain discovery to create customized solutions for end users and businesses. The discovery is possible thanks to a blockchain that supports the storage of arbitrary metadata outside the chain in IPFS and the indexing of these data in the chain so that end users can search for them and discover them and decentralized applications. This provides an extensible platform on which other applications can be built to use this information stored in the chain.
The first decentralized application based on Tip Network is the Kasakasa wallet, which supports aliases of addresses or usernames, and makes sending transactions as easy as sending an instant message. The second application, aimed at companies, is the point of sale system Tip, Sika, which makes it easy to receive payments with cryptocurrencies with the help of other points of sale systems to which retailers are accustomed. With these solutions in place and the solid foundations of chain discovery, Tip is ready to be at the forefront of the cryptocurrency revolution.
For more details.
WEBSITE
WHITEPAPER
TWITTER
TELEGRAM
FACEBOOK
INSTAGRAM
INSTAFEED
REDDIT
MEDIUM
LINKEDIN
Author
Hasan986
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1072443
ETH : 0x26710628faEa62aAC68A38DeA5A3C619483a55EB