The invention of Bitcoin has given rise to a new technology — blockchain technology. This technology, like internet technology, will have a profound impact on the present and the future. Since 2020, the application of Defi products is a reconstruction and innovation of the financial model, and the TCM system is an attempt to explore the application of blockchain technology in the payment sector. The TCM blockchain application system is more meaningful because it is built on a large number of payment applications. one of the most attractive aspects of the TCM is that the blockchain product distributes the value of the token generated to the consumers of the application.
Why will people prefer to use distributed payment systems? One of the reasons is that people will increasingly be more conscious of the protection of their personal information. With centralised traditional payments, the highly private personal information of what you buy, where you buy it, how much you spend, what hobbies you have, what you eat every day, where you went today, etc., will be treated as big data and collected by companies and even used by certain government departments. the TCM payment system is the distributed payment system that best meets your needs.
The TCM payment system is a distributed digital payment system built on blockchain technology, with its own main chain, executed by smart contracts throughout, with open and transparent data. Based on stable coin payment and coinless payment, the payment experience is equivalent to third-party payment, with no threshold; the sharing of the value of the system when you consume, the value of sharing is equivalent to about 80% discount, the more you pay, the more you benefit; both consumers and merchants can get the token to be mined from each consumption-collection, mutual benefit and win-win. Consumers love to use it, attracting obvious traffic and boosting sales. All data is all on the chain, and transactions and mining production are handed over to smart contracts for execution, without human intervention, fair and safe and secure.
Here is an example to illustrate.
Let’s say John buys a Honda car worth $200,000, for a traditional payment type is $200,000 for 1 car.
Through the TCM payment system, John will not only get a Honda car, but also a token worth $200,000*80%, which will be produced at a rate of about 0.05%/day and will go directly to John’s wallet, equivalent to an additional $80 per day, or $2,400 per month. .
OK, so what does Honda Motor Company get? After it receives $200,000, it is paid through the TCM system, 15% of the total amount received is deducted and deposited into the total pool of funds, and it also gets a token worth 200,000￥*20%, and the pending production mine is also producing at a rate of about 0.05%/day, so in the long run, Honda Motors is sacrificing a short-lived profit (which it doesn’t actually have, it actually makes 5% more, just time delayed), then this consumption model, which consumers will surely be very willing to accept, will be rewarded with higher sales.
The TCM payment system will be used in many industries, especially in areas with relatively high profits, and it will be a trend in payments.
So how do you get more people to know about the TCM payment system and become popular? The mechanism and business behind it is bound to drive TCM towards popularity.
Let’s first look at the main chain system of the TCM payment system
1. TCM, the main network coin: constant volume issue of 2.1 billion, 1% bookkeeping output, 1% pledging nodes and merchants, 0.571% developer reward, 97.4% payment output
2. Block speed: 10s/block on average, 1TCM/block reward, halved for every 5.25 million height
3. Consensus algorithm: POW+POS hybrid mechanism
4. Incentive mechanism: Bookkeeping reward = additional reward Bookkeeping reward belongs to bookkeeping miners, additional reward is equally distributed to all nodes every day
5. Public chain features: consumer mining + DEX trading + community autonomy + dual pass economy + deflationary inflation model
The following is a description of each identity and how to earn money.
TCM payment system has 5 identities: user, merchant, promoter, node, investor
User
1. Registration: the user enters a password to automatically generate an identity
2. Activation: the user gets the first transfer or the first payment to activate the account
3. keystore: the keystore must be saved after registration, it contains all the information about the account and is very important
4. Candy collection: the activation will reward the new user and the old user (the one who helped to activate) with a TCM reward each
5. Referral relationship: when user A transfers a sum to new user B, A becomes B’s referrer; when a merchant sweeps new user B’s code to complete the first payment, the merchant becomes B’s referrer
6. Referral reward: referral reward 5 levels, total reward 1.4%, for example: B5 is B’s 5th level, when B5 pays 1000U, B gets an average of about 2.8U equivalent TCM reward (0.28% of the payment amount, which is an average)
Merchant
1. Conditions: Stake TCM = 100 to become a merchant
2. Merchant function: only merchants are able to scan the code to receive payment and trigger the consumption of the mine
3. Commission: merchant A recommends merchant A1, A1 recommends A2, when A2 collects the money, A1 gets 0.8% bonus on the amount collected and A gets 0.2% (bonus TCM)
4. Cancellation of merchant: after the cancellation of the merchant, the commission will no longer be earned and the TCM will be returned after 15 days.
Node
1. Become a node:Stake TCM = 10000 to become a node
2. Node function: participate in bookkeeping, participate in mining
3. Mine-sharing reward: all nodes share the daily production of ore, the initial production of ore 8640TCM/day, the number of nodes 100, then each node share 86.4TCM, receive to the account
4. Bookkeeping rewards: bookkeeping rewards 8640TCM/day, grab the bookkeeping right of the node to share equally, nodes grabbed the bookkeeping right, get the block packing rewards and miners fee rewards
5. Exit nodes: Exit nodes no longer get the miner’s reward, and the pledged TCM is returned after 15 days
The user is the basis of the whole payment, and is the biggest beneficiary, can simply be a consumer, but also can promote the use of the TCM payment system, and at the same time will get long-term profit sharing; merchants are the core of the TCM payment system, many important matters in the future need to chain voting to govern, merchants have the right to vote; nodes are the security of the main chain, and at the same time get a generous bookkeeping rewards.
OK, so how do you get TCM? How do you spend and pay? What does the above mentioned stablecoin payment mean again?
1, you can choose to transfer ETH from the exchange or other wallets into the TCM wallet, then pledge ETH to generate USDT, the system will generate USDX at 1:1 (USDX is a payment-based stable coin based on the TCM system), use the generated USDX to go to the TCM pledge pool to buy TCM, or go to the built-in DEX of the wallet to buy TCM; you can also choose to trade offline, transfer TCM online, and pay offline in what way, it is up to both sides to decide; you can also get it for free by participating in various promotions and other activities.
2. TCM is a supplement to traditional payments, and users must use the function after they have finished with other payments.
For example, if a consumer eats at a restaurant and the merchant receives $100, then use the TCM payment system to go through the process, enter 100USDX in the TCM payment interface, 85USDX goes back to the merchant’s wallet, the system will deduct 15USDX, of which 10USDX will go into the pool, the merchant will get 20% of the pending mine, the consumer gets 80% of the pending mine, and the other 5USDX will hang in the DEX at the market price for TCM buy orders.
So whether for consumers or merchants, the spending process uses the stable coin USDX and there will be no price fluctuations.
In addition to the basic system, there will be a lot of very attractive airdrop benefit activities in the early days, waiting for the official announcement.
About TCM_labs
Twitter:https://twitter.com/TCM_labs
Medium:https://tcm-labs.medium.com
Telegram: https://t.me/tcm_global_official
Disclaimer-All projects are subject to high market risks and volatility. Please conduct your own research and conduct adequate due diligence even before considering investing your funds in any project, and please invest with caution.
