Extensive Independent Review: Why TauX will be an outstanding exchanger? ( Part 2 )

etherium24 (45)in #bitcoin • 6 years ago

Hi Fellas, If you're reading this then you seriously read and like my previous article? Am I right? Have you visited the discord group Ive mentioned about? If not yet better do it now. (https://discord.gg/Wkwgyca)
See, I told you developers there will not let you down. Every piece of advice you give or suggest will likely be taken into consideration. In addition to that, they like more that you found out any flaws or error on their tech. Why? So they can improve it more and fixed those problems. As you can see, the team that accept mistake doesn't mean they are failure instead worth to support with, as they can work out better what is needed to be done for the project development.

Now before anything goes sideways again. Let me remind all of you that this project isn't an ICO and funds used here are from the developers themselves. So no one here can be scam or say that the project fool the potential investors or any person out there since you don't invest any dime. What you need to invest on this project is trust and confidence with their product. I can see why they have been able to produced just for few months more than 28k accounts, 500k transactions, and top 11 miners which are called Ocean's Eleven ( As of this writing, maybe next day it's a lot bigger :)

UPCOMING UPDATE...

Image source: http://taucoin.io

Based on their schedule, we can see how the timeline are up to date and succesfully accomplished by the team. From the Testnet launch,web wallet and bounty program. Also, Mobile version of their own wallet will be release on October 1, 2018. This will be a good opportunity to showcase their new product. Mobile wallet can be more attractive to people who are using mobile phones to make crypto transaction and payment way more convenient. Can't wait to try it for myself this new product.

Aside from it, 2 weeks from now exactly on October 18th, 2018, they will launch the TAU-X/ TAU Exchange. This is an automated decentralized system allowing user to exchange their TAU to BTC and vice versa. The TAU-X pool will be an easy mediator for those who want to buy TAU with their BTC directly without any third party group or people who will commision from the trade since this is an own product of Taucoin.

Image source: http://taucoin.io

HOW IT WILL WORK?

The Tau Foundation will allocate, 60,000 TAU coins each swap into TAU-X for token distribution. The swap will happen during every 360 blocks and if there is no BTC investment on the pool for the swap, the tokens will carry over on the next swap. But I doubt that there will be no BTC investment as this project gain traction on the crypto these past few months and cryptogurus out there are already been curious to try and have a peak of Taucoin amazing product. Probably Investors will follow through once product has been experienced by increasing number of supporters. No doubt!

I know what are you thinking since this project has no ICO and most coins circulating are those that came from bounty giveaway and contest. But I don't see this as threat not to gain popularity of their project and worst not to be bought on the market. Why? This coin has a working product and the coin can be mine from an eco friendly ways using their consensus mechanism POT (Proof Of Protocol). Let me ask you this? Does bitcoin have an ICO before? Why there are free bitcoins that can be claimed on faucets? How come a giveaway method can be cause of dump? If you're thinking on that mind then youre advocacy for blockchain is very shallow and only cares about profit. Why not look on the brighter side of the project and think of what are those benefit it can give the community.

WHAT WILL BE THE ADVANTAGE OF TAU-X OVER OTHER EXCHANGERS?

To be honest as a crypto enthusiast like me, we can see minimal pros that can benefit from it for now, such as there will be no middleman on the process of exchanging and fees will be little compared to well known exchanges. Also, the transactions increases during execution of trades will likely boost the rewards for the harvest club and miners. Remember Taucoin's concept as the transactions increases on their network the higher the incentives they can achieved. The project still on it early phase of development and still will develop more features in the coming days.

We should widen our horizon on certain possibilities as there is no impossible things that we can achieved through patience and hard work. As time goes by, the project will grow to a larger scale and bigger community and I assume that TAU-X pool will open as well with other major coins such as ethereum, litecoin and other big coins on the market in the future.

Hope you can support this wonderful project. So see you again on my next article for another great updates on Taucoin Project. Remember to visit the following links below for more news about Taucoin.

PS: Maybe the next article will tackle how Taucoin exceed Bitcoin market cap (kidding aside, we will see)

Website
http://taucoin.io/

Bitcointalk Forum announcement thread
https://bitcointalk.org/index.php?topic=4757879.0

Whitepaper
https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf

Facebook
https://www.facebook.com/taublockchain/

Twitter
https://twitter.com/tau_io

Telegram
https://t.me/taucoin

Discord
https://discord.gg/Wkwgyca

Creator of this article:

Bitcointalk Forum URL:
https://bitcointalk.org/index.php?action=profile;u=1269701

Bitcointalk Forum username:
cryptoaddictchie

https://steemit.com/@etherium24