Source : What is ToaCoin Coin (TOA)?
TOA has its own blockchain – meaning we can only transfer assets across our blockchain and you won’t be able to transfer funds from another blockchain or cryptocurrency to/from TOA. There are initially 8.8 billion TOAs with a yearly inflation or volume growth of 2% . This means that the volume increases everyday and this is programmed as such, that there is no need to do anything not even have to manually give them out to you. So if you have 100,000 TOAs you will roughly gain additional 5 TOAs per day or simply 2,000 per year and this type of transaction is called Staking or Mining in the case of Bitcoin.
What are the TOA developers’ goals?
The ToaCoin Coin is a crypto currency that has been specially developed for use in the travel industry.
To achieve this goal, the TOA Foundation is developing a hub where the community can meet. The idea behind this is that it is a regular coffee shop where only the ToaCoin Coin can be used for payment.
Customers can pay using the TOA wallet or by specifying their account. In addition, plans are underway to establish more dealers in the hubs that will accept payment of the ToaCoin coin.
It will also be possible to exchange TOA into the corresponding national currency in the TOA hubs.
While other cryptocurrencies are available in particular through the exchange of Bitcoin, Ethereum or payment by credit card or Paypal, the exchange of real money in TOA is intended to bring this currency closer to the actual users.
The team behind the ToaCoin Coin
Behind the ToaCoin coin stands a team of five members. Richard Park is the founder of TOA and an expert in cryptocurrencies.
In addition, he is particularly active in equity and coin trading. Regine Wan has many years of experience in the travel industry and is responsible for marketing in Asia.
Benjamin Pacheco is responsible for the development of the platform. Social media marketing is the domain of Rey Paz, who already has experience in cryptocurrencies.
The last team member is JC Bolor. His task is to develop the web environment.
What is the current market capitalization of the ToaCoin Coin?
The ToaCoin Coin has a market cap of 9 million ToaCoin Coins. At present, there are only 1.7 billion coins in circulation out of 8.8 billion overall.
According to the developers, the annual inflation rate of the currency TOA is 2%. The current price of a coin is USD 0.006922.
At the time of the Initial Coin Offering, the price per coin was USD 0.005 USD. Since then, the currency has been in a constant upward movement.
The daily trading volume of ToaCoin amounts to around USD $21,000. Most of the trading takes place between the currencies TOA and Bitcoin and is realized through various wallets.
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How to buy it?Where to store it?
You can’t buy it directly for fiat on any exchange. You can choose the best coin exchange for your region and buy BTC there, then trade it for GRC on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is trustworthy and has acceptable fees and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is a good Coinbase alternative. Coinmama is also safe exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit place to trade crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options.
You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets.
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