The speculating strategy, used by many in the crypto market, involves buying up large amounts of digital currencies/tokens which have a potential for mass adoption in the future, and keeping them for long periods till their value increases exponentially. A downside to this strategy is that; holding any form of currency for long periods, without gaining interest on it is very risky. Also, as token holders always keep their tokens in accessible exchange wallets for easy execution of trades; panic selling may likely set in, when any information is spread around or any event occurs that may devalue the present worth of the tokens held.
Token Union has recognized the gap in the crypto market in its need for a method of storing value, while earning interest. Thereby prompting its innovation of time value of token (TVT) on tokens held, which is derived from time value of money (TVM), a principle based on the idea that; the value of any given amount in present, is worth more than that same amount at some point in future due to its earning capacity, a core principle applied in paying interest on fiat money savings accounts, and will be applied by Token Union. This proffers solution to the issue of holding cryptocurrencies for long periods, without gaining interest on them, and will be a first of its kind in the cryptoeconomy.
Token Unions network allows users to create and deploy what is referred to as a Holding Contract, with the use of its interface. The holding contract is designed to hold users token, and cannot be redeemed by anyone including the token entity other than the user. It is a completely decentralised token storage method in which they can store ERC20 tokens, add the holdings to the network, and be eligible for rewards.
At the forefront of Token Unions TVT model is the withdrawal fee, which powers the reward system that gives users interest on their tokens held. The withdrawal fee is a static amount denominated in Token Unions native token UNI, it is a means of rewarding users for holding their tokens for long periods as well as disincentivizing users from making early withdrawals. When a user withdraws his or her tokens early, a fee is paid; the value is then distributed to each token holder remaining in the network, proportional to the value of their holding contracts. The distribution of value is made in UNI but can be converted to respective tokens held by users, thereby increasing their holdings.
Token Unions application of such innovative theories as solution for storing value and making earnings, will be an integral part of the cryptoeconomic system of tomorrow.
For more information;
Website: http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Telegram: https://t.me/tokenunion
Facebook: https://www.facebook.com/tokenunion/
Twitter: https://twitter.com/TokenUnionIO
Author: Ojeaga Joseph ( https://oseroslair.wordpress.com )
Bitcointalk: Boluwatife
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1398337;sa=summary
Eth Address: 0x1EDf8CafDA6c89f6F85Db1C43De3C53b1d68BaB0
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