Have you already decided where you will store all the crypto-currencies you have accumulated over the past years? If not, then you have to wait a little on third-party services, and after that, switch to TokenUnion when the platform is launched.

TokenUnion is a project of a decentralized crypto currency store, allowing customers to safely rely on technology and profit from their coins

Bank is not a good idea

Storage of funds is the next most difficult task after they are earned. Indeed, not many services offer us a truly reliable store for our money. Even a bank is not a reliable place for money. After all, he can go bankrupt! In fact, keeping money in a bank is not much different from investing in a financial pyramid. When you create a deposit account, then, in fact, give credit to a financial institution. Do not you understand how it is? Now everything will quickly fall into place. 

Let's assume that Bank A was opened with an authorized capital of 10,000,000 euros - this is the minimum amount for obtaining a banking license. Do you think that the bank will work on this money? And here they are, since their main capital comes from the funds of depositors.

When Bank A receives money from you, it promises that in a year you will receive the same amount plus annual interest, approximately 15-20%. Why is the bank so confident that it will be able to give you more? All because he expects to be able to give money on credit, and get about 30% for it. This difference is the profit of the bank. That is, the probability that you will get back your money depends on how actively your money will be used to lend to the population.

Of course, you can count on various deposit guarantee funds, but practice shows that they do not work. After all, when the entire system collapses, everyone tries to survive, and no one is burning with the desire to return other people's money. And all this concerned the fiat currency.

Nevertheless, the subject of our review is the storage of crypto currency, and here it is still more complicated. On the one hand, there are not many centralized services capable of taking responsibility for user coins. It turns out that at any moment, crypto money from your wallet may disappear with its address, and it will not be possible to return them back already.

On the other hand, services that provide such services do not have a high level of protection. Even decentralized systems are not without flaws: we all remember the case of The DAO breaking when a large number of funds were in the hands of an attacker. And although the conflict was resolved, despite the fact that decentralized technologies were only beginning to develop, it became clear that the blockade is not a panacea for all sorts of violations.

Product based on experience

The team that developed TokenUnion has already created projects in the field of finteha (for example, the head of the company worked on Chronicled at the dawn of development). Therefore, today, having analyzed the experience of a large number of projects, they were able to create a safe and profitable place to store crypto currency. 

For example, for the storage of crypto-currencies in user wallets there is no provision for any kind of human intervention - all directed only by computer code. That is, it's impossible to have a script when a hacker gets something like admin rights and disposes of client wallets as he pleases. Well, hacking a personal purse is possible only if you yourself pass the data for authentication, including, and a smartphone with a mobile application.

Nevertheless, this does not provide an opportunity for the so-called bank robbery. When intruders get into the vault, they take out the means of all users from there. In TokenUnion, there simply is not a place where all the users' resources are collected, which means that no one can steal them. This is decentralization in its true embodiment.

It is noteworthy that the decentralized advantages of TokenUnion were noted by such a famous publication as Forbes, the quote from which you see above. Hence, the banking future is waiting for the platform.

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