TIHOSAY
TIHOSAY: CROSSING BRIDGING THE GAP BETWEEN CRYPTO AND TRADITIONAL BANKING
Tihosay platform has incorporated a lot of features that will ensure the token delivers on its promises which is the benefit to token holders and users. Value creation is what boost the price of token and the value of an investment. Tihosay has thought the whole value creation model through and it push it throught. Now is the time to talk about it. ICO means Initial Coin offering. This is same with ITO which is Initial Token Offering, daily we see lots of ico coming up of which many lacks what they truly need to know to succeed. This is the problem which Tihosay seeks to address with this feature.
Tihosay will support an ICO by providing a reviewing team which will examine critically all details of the project and offer recommendations if necessary. Tihosay will assist by offering data on previous and future tokensale events to users thus enabling them to come to rational conclusions regarding an investment. Of these data or information are project ideas, sales, roadmap, team, caps and fund recieved for each projects.
It will also facilitate the quick funding of projects and distributions of tokens after token sale or ICO One of the things investors desire is the ability to trade their tokens immediately after tokens sale and distribution. This is what TIhosay has to offer to users. The ability to trade tokens on the Tihosay exchange immediately it has been distributed to investors. Sounds incredible right?
Another thing is an escrow service or sort of that it will provide for tokensales. Tihosay will protect users from fraud during ICO and after ICO. This is achieved by a provision of a smart contract where funds will be sent to and tokens distributed to ico owners when the funds reaches a certain number of tokens. And if the project does not deliver on its promises, they the fund will be refunded to users who contributed for the tokensale.
Next we talk of Merchants Loan.
One of the interesting features of TIhosay. Merchants have the ability to request for loans from the Tihosay platform. While this is an incredible and rare feature, it is only allowed for merchants who have used the platform for a minimum of 9 months. Also, Merchants have to have at least 3 star rating for a period of three months past in order to enjoy this feature.
These restrictions are set in place to avoid the system and feature been exploited and abused. Also, while you may be overjoyed by fulfilling the above requirements, it is not easy to get funds. This is because, the funds you can get as loan is proportional or determined by your transaction to ratio in volume and customer satisfaction in three months past. The total amount you can receive at first as a merchant is 10% of your rating in Transaction volume and Score which can be increased in future loans by 10% even up to 50% of past loans received.
The loans you receive from TIhosay is listed to users for period of 168 hours.That not such a long time. Its worth a wait. This feature also works in a certain similar way like the ICO request feature. Here, if the requested amount of up to 51% cannot be collected, the funds are returned to users who provided the loans. All transactions in the platform are done by smart contracts and the currency which will power the system of loans is the Tihosay native token.
This will drive demand the token therefore an upward drive in the value of the tokens and a happy sunny beach resort enjoyment for token holders. You can call this merchant loan a lending program but what makes this interesting is the ability for users to fund the loan while receiving a minimal interest return of 5%.
This is low and will ensure a sustainability of the platform and ensure also the merchant can use the loan to grow his business without the thought of a large sum of interest pending to be paid. Users hold the ability to meet up 25% of a loan request and in total, a minimum of 51% request of loan has to be met by the Users for Merchants to be granted the loan. The balance can be met by https://tihosay.io .
This means both Tihosay and users of the platform are both meeting the loan thus ensuring transperency in the system and sustainability with focus on users satisfaction. The request can be cancelled within 7days of initiation, and the merchant will have to wait for 90days for the request to be met.
Before a merchant will try to outsmart himself, there is a way Tihosay has that can prevent users from been ripped off. Though every transaction is done through smart contract, a merchant who refuses to pay up loan collected will have his profile display Loans not paid back. That in itself is a red flag from persons who would want to transact with the merchant.
SUMMARY TIHOSAY has set up a revolutionary precedent, one which no one has actually done in this manner. We could only hope for the full implementation of these features of Tihosay which will advance blockchain and cryptocurrency.
Access White Paper here: https://tihosay.io/assets/blockchain/layer/Tihosay-WP.pdf
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