First of all, I say a big Thanks to everybody that showed interest in my first Article
here and on Twitter!
I’m neither a Programmer nor Associated with any of these coins directly.
I´m just a mere Long-Term Analyst with key vision on growth
and a fable for writing and Networking.
In there, I gave a suggestion of Partnership and explained that a wide array of business areas would start some Interdependent-Blockchain-Cooperations, as these are key-factors in Growth and long-term stability.
This Article will feature such ‘Strategic Partnership’
It’s an astonishing case about an actual mass-adoption push, over Swiss and Germany.
The BlockchainCooperation of TokenPay and the LitecoinFoundation, their upcoming decentralized-exchange, their merchant partners in Switzerland and their Germany-based bank acquirement where Litecoin holds a stake as well.
You will first get Information about Tokenpay and Litecoin and their business
following with their seat in this transit phase of technology called Blockchain.
I will explain the Questions:
- Why this is good for Blockchain and Crypto?
- How is this an important distributor for the mass-adoption in the Europe-Area and a pillar of growth for the global Blockchain-Revolution?
This being said we will start right here:
To understand what this partnership really means you must understand what Litecoin represents what the LitecoinFoundation is and what Tokenpay is strategically handling with this Network.
To start it with an Interesting fact, there is no actual whitepaper out for Litecoin as It was founded as one of the first Bitcoin-Forks in 2011 and “whitepapers” weren’t a thing.
Back then the concept of a Bitcoin fork itself was kinda silly because so far there were only 8 different bitcoin forks besides Litecoin.
But Litecoin did change that.
It was designed to be just a “better version of the original Bitcoin”
Litecoin was very simple with 4 times the total coins as BTC and just ¼ the block confirmation time
it established itself really fast as “Bitcoins little brother” or the “silver” to Bitcoin’s gold.
Litecoins Product is similar to that from Verge, LTC is currency itself and meant to be paid with.
After Bitcoins Fork – Litecoin, established itself in the Crypto realm 2011,
it sparked the boom of Altcoins.
Fast forward 6 years of growth and we are in June 2017 were TokenPay started its journey.
TokenPay is a direct Bitcoin-Fork, but with 2 extras that the Original Bitcoin-Code does not have:
1.) It is based on Bitcoins Main-Code with additional Code that provides safe and secure Transactions
2.) TokenPay is a Proof-of-Stake System, which renders it immune to 51% Attacks,
as it is not bound to real Mining-Equip, like ASICs or Antminers.
But rather acquiring more Coins through the concept of Staking in Tokenpay-Wallets, where every holder simultaneously and collectively acts as one big decentralized mining facility.
Thus providing Safety in Control over their own System.
TokenPays Product is difficult but simple at the same time:
With Real Institutions under the control of the Tokenpay Team and furthermore Strong Partners in the crypto World, their own Exchange and the Financial Knowledge of established Names,
It is acting as the leading middlemen between the “Real-World” and the “Crypto-Realm”
TokenPays Goal is the successful transit of Blockchain for the everyday Usage.
To make it short:
TokenPays Product is;
Real Blockchain-Mass adoption to the everyday User
Now you will get some answers to how they will accomplish this massive Goal.
To deliver you all the dots and connect them with you,
we first have to know who is actually involved in this Network and how TokenPay will use it.
Although I might not catch every actor involved, the obvious ones are:
The Swiss-based TokenSuisse asset management;
that structures financial products and is handling global Merchant-Cooperation.
- The Germany-based WEG Bank AG;
that is used as the anchor for the Crypto-Realm manifestation in the Real-World.
- The Litecoin-Foundation;
the centralized non-profit organization, to the decentralized Litecoin Network, whose mission is to advance Litecoin development, adoption, and usage.
- The Decentralized Exchange Efin
that serves as the Transit-Hub between TokenSuisse, WEG-Bank and the Crypto-Realm
- And TokenPay Swiss AG,
that is handling, structuring, coordinating and positioning their Partners and the Ecosystem to benefit and push the Blockchain-Massadoption to the verge of breakout and beyond.
That being said.
We now look at some more specific facts about what is happening in certain parts on our globe,
that will bring us right down the rabbit hole to the point of TokenPays action in all this.
The Evolution of the Internet told us, if one starts to take action in a Revolution, it will soon be an arms race of technology.
Blockchain is showing us the same patterns all over again.
Not necessarily in a specific region, but rather on a global scale and Europe is making good Progress towards it as well.
Malta, for example, realized real fast that Blockchain is something to taken seriously and so the small country already changed a bunch of Laws specifically for a smooth transit towards Blockchain adoption and they are not alone in the European Union
About Switzerland and TokenSuisse:
Although the Swiss connection to the European cooperation is taken with a small grain of salt, it is still part of it,
thus moving with parts of their economy and revolutionary change.
Truth is, it is still everybody’s Game and so they are already positioning themselves in the new System of Money, the Blockchain.
The Swiss-based TokenSuisse asset management especially is the move we are looking into right now.
TokenSuisse was founded in July 2017,
with the Mission to be Europe’s prime Investment-Advisor for Crypto Assets and they are already known and licensed by Swiss regulators.
Their focus lies on investment solutions that will bring disruptive change and innovation in the Blockchain-Realm for the general public.
They are acting as the Agent of Trust in an age of uncertainty and doubt.
And who else is a better fit for the Task than Switzerland?
But what does Germany has to do with it?
And how is the Litecoin-Foundation involved in all of this?
I will Quote part of the Tokenpay Whitepaper
and explain how all this is networked together:
[Page 14 Last 2 Sentences]
“The TPAY token sale funds are intended to be used to complete a banking acquisition. This bank will operate in a manner that will cater to and understand the unique needs of global cryptocurrency holders.”
About Germany and WEG Bank:
The Bank that was acquired is the German-based WEG-Bank.
Their German slogan goes like this:
WEG Bank AG – „Immer einen Schritt voraus.”
That translates into: “Always one Step ahead.”
This was clearly demonstrated with the Business-Deal with Tokenpay, as the demonstrated immense insight for the disruption and change Blockchain will bring.
Tokenpay, as the Agent of Transit and a pioneer in Mass adoption-Networking, made a Deal that is allowing them to Buy and own 9,9% stakes of the bank (the regulatory max. amount to own, as of right now), with an approved option of additional 80,1% of it,
an approved Deal about owning a total 90% of an actual Bank in Germany.
And so the Key pieces in the Real-World where acquired,
with a Swiss Asset Manager and a German Bank only 2 more things where missing:
1.) a well known Crypto Image and
2.) a safe way of trade and liquidity interaction.
As Verge falls into the category “morally-questioned” Tokenpay got strong backseat Partners,
but no actual Frontline Image, a decision had to be made.
Thus the strategic-Partnership with Bitcoin’s Silver was forged.
The Litecoin-Foundation entered the Inner-Circle of mass-adoption,
a Win:Win for both parties
About Litecoin Foundation:
The Litecoin Foundation acts to Litecoin like the Bitcoin-Foundation acts to Bitcoin.
As the decentralized Litecoin Network is not capable of acting on behalf of itself, it needs some Non-Profit organization to help development, adoption, and usage without the danger of controlling it thus centralizing the decentralized Blockchain-System.
And so the Deal with TokenPay was forged.
The deal was that the Litecoin Foundation receives 9.9% stake in the bank in exchange for technical work and marketing support for TokenPay, eFin decentralized exchange integration and integration with the bank.
This brings us to our important point number 2.
About the Decentralized Exchange eFin:
eFin is set to merge the traditional banking world with the new digital crypto world, it is entangled with TokenSuisse and the WEG Bank on the traditional banking site and TokenPay, the Litecoin Foundation and Verge on the crypto site.
Supported by RSK-powered Smart Contracts, Atomic-Swap capability, and Multi-Signature Transaction Engine, they are fit to represent the threshold point between the Old and the New of Tradition and Blockchain.
Along the lines of:
It is easier to hack 1 centralize exchange than it is to hack 1,000,000 individual decentralized wallets
eFin DEX is set to be a real Game changer in the scene as it is set to only support Cryptocurrencies that aim to improve the mass-adoption with actual use cases and strong communities.
The only Problem with eFin could be the amount of actual users on the exchange, as centralized exchanges set to catch users and additionally require coins that wants to be listed on them, to bring new users.
But that is something TokenPay already tackled with the Support of the Communities of Litecoin and Verge.
Let me give you some insight about the internal eFin DEX coin.
About EFIN Coin:
The EFIN Coin comes with its own separate decentralized Blockchain and enables safe and secure transactions on the decentralized exchange, as it is used for transaction times and fees and a smooth handling of the eFin DEX.
Additionally, users will be able to exchange EFIN Coins for financial products on the Blockchain.
The idea behind it is to tokenize traditional Swiss financial assets and make them available to everybody on the Blockchain over TokenSuisse.
You cannot buy EFIN coins.
The distribution of the eFin Coins will take place over staking TokenPay, Verge or Litecoin on the eFin decentralized exchange and total of 70% of the Coins will be distributed to TokenPay holders, Partners and traders of the eFin DEX.
No decentralized exchange has ever provided such an incentive and the eFin DEX under the TokenPay-Network is stepping up the Level of the Game by doing so.
TokenPay as the Agent of Transit now Partnered with the Litecoin Foundation, they bought a Bank in Germany and partnered with a Swiss Asset-management Institution, handling big merchants.
They are launching a decentralized exchange to provide liquidity and safety, thus establishing Blockchain in the Old Banking World and the New World alike.
Additionally to all of this Tokenpay has a plan to release first Litecoin and Verge debit cards through their Bank to further increase the usage of Blockchain, thus pushing Massadoption even more.
To top all of this, big global Institutions are on the verge of Investing in Blockchain, Bitcoin ETFs are around the corner and more and more Nations are lifting regulatory barriers for a Global Blockchain integration and adaptation.
Blockchain will stay and improve;
It is us that can contribute to the efficiency of the Mass adoption Transit.
Be Aware of the Future, because you are already living into it on a daily basis!
Thanks for reading everybody, I know this was quite the task
that’s why I appreciate everyone that made it to the end!
And as always happy DYOR in this great times
best wishes and a calm mind everyone!