TokenClub is a blockchain-based cryptocurrency investment platform that provides investors with professional cryptocurrency market information, investment consulting and strategies, and other comprehensive services.
However, there is some speculation as to the originality of this project. According to the Singapore business directory SGPBusiness.com, TokenClub was registered as a private limited company in Singapore on December 4, 2017 and the company’s directory shows the current operating status is live as its listing states that the project’s principal activity is the development of software and applications (except games and cybersecurity) with information technology consultancy (except cybersecurity) as the secondary activity.
Despite the clear Singaporean/Asian incorporation, there is another project with the same name, but the key management team operated in Canada, and Europe. This similar Canada-based project is operated differently from the cryptocurrency investment platform, offering curated, vetted initial coin offering (ICO) token information through a monthly subscription.
However, the Canada-based monthly subscription service appeared to have been shut down in June 2018 as there were “far fewer quality token sales” and the management decided to focus on its other crypto payment project. Despite having the same name, it is unclear whether these two projects are connected at all.
TokenClub, however, goes further than its aforementioned use; it also uses the participants’ ambitions, which include providing financial guidance and counseling, creating a reliable news stream, in a word, forming the premier destination for anybody looking to make a wise investment into the crypto world.
The Token Club project is community-generated, owing at least a third of its overall content and engagement to the community forums, which ask the crypto questions and provide fruitful dialogue between the participants. This project assures its users that the information offered will always be up-to-date, analyzed in real-time, and that the updates will be swift and efficiently delivered to the users.
The investment platform’s utility coin is TCT, an ERC-20 token built on the Ethereum network. The token is used to reward “members who have made contributions to the community” and facilitate various functions on the platform.
Who are the founders of TokenClub (TCT)?
Initially, Scott Burke was the Chief Executive Officer (CEO) of TokenClub. However, he left in 2018 to pursue other goals away from Web3 and decentralization.
The project’s Chief Technology Officer (CTO), Andrew Redden remained in the management team where he gleefully handled the revolutionizing fundraising and venture capital of the project. He has ensured TokenClub brings users the top curated and vetted ICO tokens on the planet with one convenient monthly subscription.
Concerning Singapore’s branch, there is no information on any team members or founders for the Singapore-incorporated TokenClub.
What is TokenClub (TCT) used for?
Collecting and collating market information
The TokenClub project market information section provides users with up-to-date information and news on various blockchain projects.
The Q&A community (Interlocution system) allows early-stage investors to ask questions with the Blockchain professionals and experienced investors to answer.
Trading and investment
The trading and investment platform provides users an easy way to transact among exchanges by using an API, and users can follow the investment portfolios that professionals make.
Rewards and incentives
TokenClub introduced the cryptocurrency wallet YuBiBao, and rewards users with an additional bonus if they are willing to hold TCT for a long period of time. The incentives were “one 10th of 1% of their balance as a TCT voucher every day.”
What is unique about TokenClub (TCT)?
TokenClub does not only bring trust and motivation to the community members by rewarding them with TCT (TokenClub Tokens) but also gives the blockchain professionals and experienced investors chances to stand out and create values for the community.
Members who make contributions to the community will achieve matched profits, thus applying the principles of rewarding excellence and punishing inferior mechanisms that will help make TokenClub a healthy blockchain ecosystem.
TokenClub also solves trust and incentive issues through blockchain technology, and in the meantime, makes investors who have abundant professional experience, high investment levels, and more contributions to the community outstanding.
How many TokenClub (TCT) coins are in circulation?
According to available information, 10 holders account for 89.76% of the circulating TCT tokens, with the top holder owning 30% of the circulating supply, while the second and third top holders account for 20% and 17.45%, respectively.
Moreso, the number of unique addresses that hold TCT tokens as of 26 April at the time of writing, was 22,979, up marginally from 22,970 from three months ago, which suggests there were few new buyers for the cryptocurrency.
Still, the TCT token is listed on popular cryptocurrency exchange platforms, and the circulating supply is 817.9 million.
According to TokenClub’s white paper published in 2018, the maximum supply of TCT tokens is capped at 1 billion. Out of the total supply, 45% will be reserved for public and private fund-raising, 8% has been distributed to angel investors and advisors, 25% is for community construction, and 22% for the founder team.
How is the TokenClub Network secured?
Currently, there is little to no information about the security or the overall working mechanism of the TokenClub project. This is because the token’s website links to the white paper on TokenClub which shows a 404-error page, but the 2018 version of the white paper could be found on the Whitepaper database.
Also, the project’s development appeared to have been dormant since October 2021 with no updates on its Twitter feed and a mostly empty website. As a result, it is unclear what caused the uptick in trading activity.
Based on other available information, the project claimed it received registered investment advisers (RIA) status from the US Securities and Exchange Commission (SEC), but there was no data on SEC to confirm this.
How do I buy TokenClub (TCT)?
TokenClub is a blockchain-based cryptocurrency investment service community that provides investors with accurate cryptocurrency information, professional consulting service, and practical investment instructions. TCT tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy TCT through your trading account.
Which Cryptocurrency Wallet Supports TokenClub (TCT)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as TokenClub (TCT). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their TCT wallet because it offers a simple interactive interface, making it easy for people to navigate its system.