Why I am Holding Triggers (TRIG) Tokens

in trig •  7 years ago  (edited)

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So let's take a look at the asset 'Triggers (TRIG)' by Blocksafe and what they are..

Triggers (TRIG), a machine to machine token, powers the Blocksafe Smartgun tech network economy. Triggers power every event that takes place between smart devices participating in the Blocksafe network.

This is real world application of blockchain tech in a 50B industry in USA along. The useless for personal, corporate security, and government are massive and game changing.

Think about next time a cop shoots an innocent person, self defense firearm discharge, military combat, etc: having immutable data on ballistics, gps etc.

Now let's look at "What are Smart Guns?" Let's see what Justifire (http://www.justifire.com) has to say since they are partners and make smart guns..

A black box for your firearm, Justifire® is a firearm environmental recording apparatus, designed to protect the rights of its owner. Justifire® records live data from your firearm including: audio, video, angle, direction, and velocity giving it total spatial awareness. This valuable data could be used by its owner as evidence of an event where lethal action was required. While Justifire® captures and funnels audio, video, barometric pressure, altitude, temperature and 3 axes of accelerometer, gyroscopic, and magnetic data at all times, only saving this information if specific event characteristics are met. Qualifying event characteristics such as aiming at a human target or firing your weapon instantly plug Justifires data funnel and the device automatically saves and encrypts all information leading up to and after an event.

Combined Justifire and Blocksafe have the perfect partnership. In addition Blocksafe has a patent pending which makes this asset even more valuable given the patent goes through. Now your dealing with an asset that has intellectual property, a big bonus in my book.

When we look at the market cap today it is quite low with only $8 million USD (at 24 cents) which tells me there is excellent opportunity for long-term growth. Impressive results can begin at any time, but even more so when it's added to more exchanges. Some may wonder.. "Why is TRIG only available on Bittrex?" Well let's find out... Here is a post by BlockSafe on June 30th, 2017. (bitcointalk.org)

The process (Token Swap) will begin late this fall in an highly secure and frictionless manner. No surprises on amount of tokens in Blocksafe network. The same amount of tokens (100 mm) will exists on an 1 for 1 swap ratio. This process will be very simple since TRIG is exclusively traded on Bittrex currently. Many wanted the Foundation to trade TRIG on other exchanges. The delivering a secure and frictionless token swap is one reason the Foundation chose not to. Rest assured that we will announce more details way ahead of time.

As mentioned above, it is currently traded on Bittrex only because there is a planned 1:1 token swap happening in Q42017. After the token swap I believe TRIG will be added to more exchanges which will further increase its reach to investors. Here are more things worth mentioning announced by BlockSafe..

"Locked Trig tokens were unsold tokens from the initial Trig token sale hosted on Bittrex. The unsold Trig tokens were sent to join the uncirculating Foundation's Trig tokens stored here Https://counterpartychain.io/address/19rY9JNLhDPu2e4bcRvCopeH2TPFNP7g2s . This measure was taken as an way to keep the unsold Trig tokens out of circulation. That is why coinmarketcap shows less then 1/3 of total Trig (32,105,593) TRIG in circulation." - July 1st "We will be announcing more details very shortly regarding the swap as we plan on this event happening before the holiday season gets started." - Aug 14th "Yes (in case your are curious) , we have engaged in initial communication with Cabelas (regarding the previously mentioned use case) and we are confident they also will join the consortium and participate in future piloting phases." - Aug 14th "Yes , we have initiated conversation with over 2 dozen companies that expressed interest to pilot Blocksafe." - Aug 29th

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To sum it all up, I feel Triggers are undervalued and have great potential for growth. They have a solid business model with partners that can help bring Smart Guns and Blockchain technology together. I am sure there is more I could have said or mentioned, but I would recommend researching further for more information. Now personally this is just what I think, but please do your own research and come up with your own conclusion before investing. Regards, BTC2018

Do not make an investment decisions based on down votes.. Always come up with your own assessment before investing. I have a feeling a lot of people will look back at this post in the future and say "Could have, should have, would have..." Good luck!

Source
additional links:
https://coinmarketcap.com/assets/triggers/
http://www.blocksafefoundation.com/

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Great. Thanks for sharing. I'm starting to follow you.

thank you capari

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  ·  7 years ago (edited)

I like Triggers (TRIG) Concept. 2 best exchanges we can buy Triggers (TRIG) NOW :Binance.com and Bittrex

I bought Triggers (TRIG) at binance. Cool! Great Platform and low fee. 0.10%

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