MIAMI, July 12, 2017 /PRNewswire/ — P2P messenger Telegraf.Money with integrated VISA/MasterCard cards, issued DEBIT Coin crypto-currency on the Ethereum blockchain. The currency is compatible with the ERC-20 standard so that it can be transferred through any Etherium wallet that supports this standard.
The total volume of the issuance of the crypto-currency amounted to 1 billion tokens.
DEBIT Coin is a credit currency and it provides for earnings in the form of interest on decentralized loans and deposits on guarantees issued by community members in favor of 3 individuals, the mining of crypto-currency, as well as various services provided by community members.
Debit Coin crypto-currency is tied to the rate for short-term loans issued by the messenger users to each other through VISA and Master Card, i.e. when the loan is lent by the creditor, a certain number of coins are charged to his wallet in Telegraf.Money at the exchange rate on the day of issue. In fact, at the time the loan is received, the borrower transfers the coins to the lender with an obligation to repurchase them with interest.
Since the amount of DEBIT Coin is limited by the emission parameters, decentralized loans and deposits in the system are interest rates, although there is no inflation factor and accordingly devaluation of the crypto-currency, in contrast to loan issue, where money is doomed to depreciation as a result of their constant printing.
In addition, DEBIT Coin can be used to calculate and withdraw cash from VISA/MC cards tied to the messenger. The conversion rate will be tied to the weighted average rate on the stock exchanges that trade the token. Thus, the owners of the tokens will be able to use them for purchases without cashing through the exchange.
Distribution of DEBIT Coin tokens
On July 10, the first batch of tokens started in the amount of 10 million units is set up for a Test sale, which is 1 percent of the total issue. The offer of crypto-currency will be available to users of the messenger and their partners. The minimum purchase amount of tokens will be $10, the maximum $100,000. The payment will be accepted both through the payment cards integrated into the messenger and by popular electronic payment systems using the exchange partners and the crypto-currencies BTC, DASH, LTC, ETH and EMC.
As part of the test sale, the distribution of tokens will take place for a maximum of 31 days, starting July 10, 2017 from 12:00 to GMT.
The first 10,000,000 (ten million) tokens will be distributed according to the schedule below:
– 1,000,000 (one million) tokens are sold within 3 days starting July 10 from 12:00 to GMT on July 13 11:59 GMT. The minimum value of the token is set at $ 0.10
– 1,000,000 (one million) tokens are sold within 3 days, starting from July 13 from 12:00 to GMT to July 16 11:59 GMT. The minimum value of the token is set at $ 0.15
– 3,000,000 (three million) tokens are sold within 10 days, starting from July 16 from 12:00 to GMT to July 26 11:59 GMT. The minimum cost of the token is $ 0.20
– 5,000,000 (five million) tokens are sold within 15 days, starting July 26 from 12:00 to GMT to August 10 11:59 GMT. The minimum value of the token is $ 0.25
The final price is established by the results of the demand for tokens, but not less than the set minimum value.
At the end of each period mentioned above, a certain number of DEBIT Coin tokens will be distributed proportionally among all buyers, depending on the total amount of funds deposited (in USD on the day of allocation) made during these periods.
Based on the results of successful Test sales, it is planned to distribute monthly tokens among all interested users Telegraf.Money for several tens of millions of units per month, at a price close to $1 per token. The offer will be organized on the principle of auction with a fair distribution of coins among the most interested participants. More information will be published after the end of testing.
The current model of selling crypto-currency resembles, although with its differences, the scheme of selling EOS tokens https://eos.io/ – the ICO it has gained is very popular. The EOS sales period lasts 341 days; during the first 5 days 200 million tokens were sold once and on the remaining days it was put up at 2 million a day, thereby establishing a fair price for buyers as a result of balanced demand and supply of tokens.
Participants who took part in the test-card will receive a plastic card free of charge*, and also for the first half year the bonus is cash withdrawal from the card and purchase without commission.
Each token buyer worth $500 will receive a free DEBIT Coin Gold – a multi-currency wallet for storing up to 5 keys from the crypto-currency Bitcoin, Ethereum, Litecoin, Namecoin, Dash.
The device protects users’ wallets from viruses, malware and locks. Multi-proof DEBIT Coin Gold wallet – provides protection, so that anyone who is not even familiar with the market of crypto currency people can reliably protect their crypto assets.
The DEBIT Coin Gold with any number of crypto-currencies loaded into it can be transferred to any interested person as cash.
What is DEBIT Coin?
Token DEBIT Coin (DBC) is a decentralized crypto-currency for performing any operations between community members, replenishing VISA/MC cards tied to the Telegraf.Money Messenger, for issuing and receiving short-term loans on the blockchain, creating smart deposits, accepting and sending payments Between users of the messenger.
The DEBIT Coin tokens are issued on the Ethereum blockchain contract. Tokens can be used for any purchases from VISA/MC cards, cash withdrawals, international transfers to anywhere in the world, selling on the exchange as well as in exchange offices.
Also, new services are being developed:
– Creation of an internal client multi-wallet for storage and operations with crypto-currencies (Bitcoin, any altcoins and all ERC-20 tokens);
– Launching its own messenger-exchange, where participants can buy and sell crypto-currencies inside the platform, and also change them to fiat and electronic money, which is very important and will save time;
– Integration of the exchanger on the Shape Shift platform;
– Task-organizer for convenient planning of all your affairs with reminders;
– Encrypted text and audio messages, audio and video calls, group conferences.
Using Telegraf.Money it will be possible to communicate, transfer money and make financial transactions with subscribers of other instant messengers: Skype, Facebook Messenger, Telegram. The connecting link here is the released DEBIT Coin token and built-in VISA/MasterCard.
Telegraf.Money messenger is available on Android/iOS/Windows/MAC devices, also in the Web version.