Ties.Network Announces Token Generation Event (TGE)

Place/Date: New York, US - August 24th, 2017 at 2:45 pm UTC · 3 min read
Source: Ties.Network

Ties.Network is a secure business platform designed for crypto-community to safely conduct business and financial transactions, including striking deals, locating and hiring experts, and promoting projects.

Ties.Network has announced the first round of Token Generation Event (TGE), commencing September 21, 2017, to October 12, 2017. The total emission will be 200 million TIE tokens with free-float TGE supply of 140 million TIE tokens. The TGE cap will be US $33,600,000. Accepted currencies are Bitcoin (BTC) and Ethereum (ETH).

Ties.Network provides a solution to today’s inefficient, high cost, and insecure business transactions. The platform is based on trust and innovation, which is supported by the Ethereum blockchain technology, “genuine” review and rating system, and the world’s first secure, public, and decentralized NoSQL database Ties.DB.

Imagine you, as a user, have an idea to start a blockchain project, but you cannot code and don’t know anything about country-by-country laws and regulations around crypto. Other users on Ties.Network would be able to help. If you need to find country-specific investors for a blockchain project, but couldn’t find them on LinkedIn, this platform is ready to help. Moreover, with so many ICOs and TGEs around the world, how would you know for sure which ones are legitimate and which ones are scams?

At Ties.Network, users would be able to find blockchain experts, developers, and enthusiasts who are ready to accept cryptocurrencies. It also allows them to make well-informed evaluations based on the viability and trustworthiness of professional network since all transactions are recorded in the blockchain.

Ties.Network’s “genuine” rating system is based on actual parties involved in a transaction, as only those who have conducted business with each other can leave reviews and ratings. The platform doesn’t charge users any commission, as its revenues originate from advertising, escrow fees and from fees for storing and retrieving contents.

As more Ethereum-based applications and blockchain projects are emerging on the market, highly-adaptable and well-structured data storage solutions must be made available to the public. Ties.DB is significant to Ties.Network as the former provides a solid structure for the platform to grow exponentially without having to worry about limited storage and retrieving issues. The public, decentralized NoSQL database – Ties.DB – allows unlimited data storage, advanced search, and content modification by securing interactions between the nodes. The use of smart contracts in executing payments and transactions exemplifies this feature.

Another advantage for using Ties.Network platform is knowing that human assistance is available when needed. Professionally-trained community moderators, who are paid with the revenues generated by the platform, are key individuals with multi-level authorities to mediate disputes, ban users with malicious intent, remove illegal projects, delete suspicious transactions, investigate suspicious nodes and users, arbitrate disputes, and further develop the software.

Ties.Network CEO Alexander Neymark said, “Ties.Network’s most distinguished trait is trustworthiness, which is delivered with transparency, security, and professional conflict resolution. Based on these values, the platform operates with self-organization and motivation, which includes the application of “genuine” rating system, transparent fees structure, and employment of trained community moderators.”

More information, white paper, and business overview are available at Ties.Network and blog.ties.network.