TIM - WORLDS FIRST GPS POWERED BLOCKCHAIN

lhordp (28)in #cryptocurrency • 6 years ago

I want to introduce you all to this project i recently researched on and found productive. Its called TIM.

From my findings, TIM is like any other blockchain, but at the same time, more powerful, efficient, faster and decentralized. The public dapps allow for various kinds of services to be hosted for transaction of goods and services. Exchange mechanism like ATMs, physical plastic cards for retail spending and smart contracts can be enabled on TIM. The project team are open and collaborate with entrepreneurs to develop new creative features on TIM. The low enablement cost, by free geo-mining of utility apps, and micro-distribution of TIM coins allow for lowest transaction cost on TIM. The good thing is that they are not limited by short term view of this market and expect that true enablement is going to usher exponential growth in on-chain transactions. The micro-payment and hyperlocal payments could aid growth of commerce for many types of services which are not done at all or not done by banks or not done in a currency. TIM network is focused on that type of growth.

Lets go a bit deeper on how this works. As i mentioned earlier, TIM is 2 layer blockchain made of GPS powered 1-hop nodes over a novel blockchain. The blockchain works by a special PoB consensus mechanism. With an underlying sublayer of distributed DAGs(graphs), the global blockchain achieves high transaction rates. In essence, the graph layer pools 100 M txns/s into blockchain with a kilobyte sized blocks. The nodes mine the consensus and perform transaction pooling by geo-mining protocol, using 1-hop directionality to search nearest neighbours and newer information(transactions). Thus, the enablement cost of TIM network is zero, which means that no additional energy is burnt for security and decentralisation is not compromised to achieve high performance. Great! We now know that TIM is a micro distributed crypto currency. At the launch date of 24/3/2018, TIM will be mined by 40,000(forty thousand) taxi drivers in Singapore and other such users. It will grow exponentially with new cities. The numbers are indicative to show the large userbase distribution. With the project expanding in new cities and new services who use GPS and willing to migrate on blockchain, this number will grow exponentially. During mining, every block reward is distributed over multiple regions simultaneously. Therefore, winning a share in 100 TIMs in new reward block is highly rare, scarce, and randomised.

There are many favourable factors for high demand of TIMs. Firstly, it is the only crypto currency with a real world use beyond storage and speculation. So, the market adoption for using TIM for smart contracts, exchange and storage will naturally gain traction. Secondly, the market based TIMs would be only supply for taxi services to operate on blockchain. As the TIM foundation would not release TIMs for first three years, ICO buyers stand a great chance to profit from projected demand. Thirdly, and most important, their trade and logistics applications on TIM blockchain would open-up the market for trade finance, remittance and other banking services. Though the services would run on hyperlocal dapps, which are free. But "rational choice theory" allows the team to believe that cyber attacks and network hacking attempts would make it necessary for TIM network to resolve the hyperlocal conflicts from time to time. And this would require TIMs to be expensed. Therefore, overall demand for TIM would be high.

TIM ICO DETAILS
ICO is the only opportunity to get TIMs in bulk. The tokens can be exchanged, transacted or stored for desirable financial outcome. TIM ERC20 tokens will be sold and stored on the ETH platform. After the release of the platform, the ERC20 standard tokens issued via the ICO will be exchanged for the TIM crypto currency, which is the only payment currency of the main layer of the platform. ICO will release up to 100 Million TIM coins. The ERC20 smart contract is designed to sell the tokens beyond 24th March 2018(the end of ICO).

Phase1: ICO March 12th 2018 - March 24th 2018

Phase2: ICO May 24th 2018 - June 24th 2018

Soft cap 2000 ETH

Hard cap 10,000 ETH

The total number of issued tokens 1 000 000 000. The tokens exchange rate is as per table below:

1st 100 Million TIMs: 10,000 TIM = 1 ETH

2nd 600 Million TIMs: 10,000 TIM = 10 ETH

Business 300 Million TIMs: 10,000 TIM = 100 ETH

The unsold tokens will be moved to next tier.

After 24th Mar 2018: Expected minimum price is 10,000 TIM = 1024 ETH

All tokens not sold by the end of the ICO will continue on indicated price in the same contract. The taxi associations and various other businesses would buy the tokens to facilitate drivers onboarding or other similar dapp activities.

I see this project as a good one but however you need to do your research also.

FOR MORE INFORMATION ABOUT THIS PROJECT

● TIM website: http://www.talking.im

● WHITEPAPER LINK : http://www.talking.im/assets/collat/TIM_Whitepaper.pdf

● TELEGRAM CHAT LINK: https://t.me/joinchat/GQ9YGFCHzx_vZvglnMdYyA

● FACEBOOK LINK: https://www.facebook.com/timblockchain/

● TWITTER LINK: https://twitter.com/tim_coin

● https://www.linkedin.com/company/voncoin/

● https://www.linkedin.com/groups/10342158

● https://www.youtube.com/channel/UCraL3Z49taZpRKXlRbbC9Bw

● https://www.reddit.com/r/TIMCOIN/

● https://medium.com/@tim_coin/