The Hong Kong-based global transfer startup #Transmission has announced the launch of an innovative new platform as it prepares for the upcoming ICO and ICO-pre-sale. The platform will offer substantially beneficial changes to the worldwide multiple-currency transfers and onversions, including support for cryptocurrencies to be traded on a global scale. Transmission’s token crowdsale is scheduled to launch on August 30, 2017.
The platform converts currencies including all major cryptocurrencies at direct exchange rate, as displayed on the leading currency markets and crypto exchanges. Because of the precise configuration of the platform’s own liquidity management network, complete integration with cryptocurrency environment based on block solutions, and access to markets for conventional currencies in various parts of the world, #Transmission offers its users a profitable solution to make transfers and currency conversions less 1% for total transaction. The company claims that its commissions are 5 to 7 times lower, on average than other similar currency transfer services.
The platform has an intuitive user interface that offers an option to execute transactions simply and quickly. The registration and authentication processes will be streamlined significantly and could take as little as 5 minutes to perform. The #Transmission platform converts digital currencies and cryptocurrencies at current exchange rates from leading markets and global currency exchanges.
#Transmission is a tool for typical business currency movement. By using #Transmission service any regular person be able to:
- Make full transfer cycle and convert currencies with commission less than 1% under a real exchange rate when converting currencies.
- No extra fuss and action is required from the user, just use your existing plastic cards, bank accounts or other payment systems.
- Transmission is simplifying it’s structure of use as much as possible so anyone with a smart phone can use the service.
- Sending and converting money among Transmission users is absolutely free.
- There will be presented an Escrow Agent System for non-trusting parties so people wouldn’t have to worry about honesty of potential customers.
#Transmission users can set up scheduled automatic payments so they won’t miss out on things like utility bills payment, and much more.
#Transmission’s services presently offer quick global conversions and transfers for a plethora of different fiat and crypto-currencies. The service covers fiat currencies including AUD, NZD, USD, CAD, EUR, GBP, JPY, CHF, CNY, RUR, SGD, HKD, INR, NOK. Cryptocurrencies presently supported by the platform include BTC, ETH, ETC, LTC, and XRP. As the company completes each stage of its development process, it will increase its support to include additional cryptocurrencies, based on market demand.
TMN Tokens ICO/Pre-ICO
The #Transmission token (TMN) ICO is scheduled to commence on August 30, 2017, following the pre-ICO that starts on August 25, 2017. The ICO crowdsale will run for ten days, offer investors a chance to buy 270,000,000 tokens. TMN tokens could be purchased via ETH, BTC & LTC.
All offered TMN tokens will be supported by a specially created Fund, 50% of commissions from #Transmission network transactions, and will be transferred quarterly to exchange were TMN will be listed.
Discounts for investors
The ICO discounts (bonuses) are based on the volume of tokens
bought as per the following criteria:
- First 10,000 ETH = 50% discount
- Next 20,000 ETH = 40% discount
- Next 40,000 ETH = 25% discount
- More than 100 ETH = 15% discount as per the crowdsale
- More than 300 ETH = 20% discount as per the crowdsale
An Ever Growing Market
Currency transfers are now one of the biggest global directions of cash flow. Previous year was remarkable, with total volume of these transactions as more than $150 trillion. The volume of all transfers, on the private individual basis, was estimated as $3 trillion a year.
#Transmission model is highly reflected of Uber Inc. business model that takes and shapes this process with a different approach. #Transmission’s new concept is based on the fact that funds users need in the fiat or cryptocurrencies are already in locations where platform’s system is open to its service users.
The platform creates money or its contemporary embodiment in the shape of currency as a mode of exchange. Users exchange with #Transmission service or their other clients directly, removing all potential delays and costs for urrency transfers and conversions. This makes #Transmission services fee incredibly lower; no more than 1% of a transaction.