The main features of tokenpay and their tray coin that make them stand out are:
Proof-of-work or PoW is a capital-intensive process to earn Bitcoin. Any entity with the right equipment and knowledge of blockchain can “mine” or earn Bitcoins. The process to mine bitcoin consists of acquiring expensive computers or “mining equipment” that uses the processing power of graphics chips and electricity to solve advanced mathematical puzzles.
When puzzles are solved, the computers confirm transactions that allow it to earn Bitcoin as its reward. In 2017, the cost of mining a single Bitcoin reached over USD $1000. As fewer Bitcoins are being made available as rewards the costs will only escalate as mining competition intensifies.
Proof-of-Stake or PoS is a newer form of mining that is referred to as forging. Coins are earned as a function of and by virtue of being held continuously in a digital wallet. PoS is an energy efficient way to earn coins because no specialty mining equipment is needed. All that is required is for the user to have a desktop, laptop or mobile device. The network of processors creates a decentralized mining system. This allows an extension of the blockchain by the user that stakes or holds coins in a wallet. In order to earn additional coins, the user must simply keep the corresponding wallet open.
For instance, if a person has a TokenPay wallet running on desktop, the wallet is allocating a percentage of the available processing power to enable the decentralized network to complete a blockchain. The person is then rewarded in additional TPAY coins for allocating processing power to the system.
TokenPay will only have a total of 25 million coins ever produced. This is unlike a centralized fiat currency system where money supply can be increased by human decision. TokenPay is fostering a strong user driven community by allocating 25% of the total coins produced for Proof-of-Stake rewards. The TPAY rewards are given at a distribution rate of 5% per year. Rewards are pro-rated and distributed on a daily basis. A typical user with 100 TPAY in a TokenPay branded wallet will receive 5 coins per year or 0.0137 TPAY per day.
The 100% bonus that you get for purchasing coins is good for one more day so if you decide to jump into this ICO, now is the time to do it and you can register here
If you want to learn more about the project there is an awesome interview with the CEO, which can be found here
This is not a financial advise and you have to do your own due diligence if you decide to invest in the coin! You are responsible for your own investment decisions! Never trade more than you can afford to loose!
With that being said you can find more about tokenpay's whitepage here
