tpgtoken.io

White Paper

Updated : September 21, 2022

I. INTRODUCTION

The tpgtoken.io is aiming to offer the most widely accepted rewards and payment solution for Blockchain Ecosystem. 120 million tpgtoken.io were created in December 2021 on the Stellar Blockchain which is a public blockchain that allows the settlement of transactions in seconds globally. A large portion of the token supply will be distributed to account holders in the TPG Community with the remainder being an exchange liquidity pool and some will be held for the development and marketing of the project. 

The main aim of the project is to be used as a utility token within the TPG Ecosystem and to allow investors to participate in TPG's growth.

Ecosystem Token will work to establish partnerships with other businesses that are interested in offering tpgtoken.io functionality to their own customers. tpgtoken.io will also be used as an efficient payment solution helping businesses to grow and transact with more customers globally. The project is guided by the mission to:

  • Establish a roadmap with achievable goals
  • Establish a Ecosystem Token that promotes, supports, and helps each other 
  • Reach out to potential partners and developers in the TPG community and the blockchain industries to help grow the project 
  • Increase TPG project awareness with an effective marketing strategy and welcome any support offered from the TPG community and help support Pi Network & Stellar communities
1.1 Origins of Cryptocurrencies 

Thousands of years have passed before money or currency has evolved. Bartering is the direct exchange of items or goods. The use of primitive forms of money such as shells, beads, and precious metals to simplify barter commerce. The use of silver and gold as a coin whose worth is determined by their weight. It is more convenient to utilize gold-backed banknotes. To the degree that a central bank controls its value. To cryptocurrency, a decentralized or centralized digital currency. Money's purpose has been constant throughout its history: to serve as a means of exchange.

In 1991, W. Scorr Stonetta and Stuart Haber developed cryptographically timestamps of record that nobody could alter. This is known as the Blockchain. Fast forward, in 2008 a certain Satoshi Nakamoto founded Bitcoin, the first cryptocurrency, on which blockchain gained attraction. 

A blockchain is a decentralized, public, and distributed form of digital ledger. It consists of information or records that form a block. Blockchain is the base of technology and cryptocurrency.

Cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and verify the transfer of coin ownership. Cryptocurrencies are generally fiat currencies, as they are not backed by or convertible into a commodity. Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. 

Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. 

Altcoins, Tokens, cryptocurrencies, and other types of digital assets that are not bitcoin are collectively known as alternative cryptocurrencies, typically shortened to "altcoins" or "alt coins", or disparagingly known as "shitcoins”. Paul Vigna of The Wall Street Journal also described altcoins as "alternative versions of bitcoin” given its role as the model protocol for altcoin designers. The term is commonly used to describe coins and tokens created after bitcoin.

Altcoins often have underlying differences from bitcoin. For example, Litecoin aims to process a block every 2.5 minutes, rather than bitcoin's 10 minutes, which allows Litecoin to confirm transactions faster than bitcoin. Another example is Ethereum, which has smart contract functionality that allows decentralized applications to be run on its blockchain.  Ethereum was the most used blockchain in 2020, according to Bloomberg News.  In 2016, it had the largest "following" of any altcoin, according to the New York Times. Significant rallies across altcoin markets are often referred to as an "alt season".

Stablecoins are altcoins that are designed to maintain a stable level of purchasing power and are pegged with the US Dollar, e.g. USDT and USDC.

Token or Crypto Token. A crypto token is a digital asset similar to a coin, developed on top of an existing blockchain. 

Cryptocurrencies are the native asset of a specific blockchain protocol, whereas tokens are created by platforms that build on top of those blockchains. For instance, the Ethereum blockchain’s native token is ether (ETH). While ether is the cryptocurrency native to the Ethereum blockchain, there are many other different tokens that also utilize the Ethereum blockchain. Crypto tokens built using Ethereum include DAI, LINK, COMP, and CryptoKitties, among others. These tokens can serve a multitude of functions on the platforms for which they are built, including participating in decentralized finance (DeFi) mechanisms, accessing platform-specific services, and even playing games.


Types of crypto tokens:

a. UTILITY TOKEN

These are tokens that give the holder access to a blockchain-based product or service.

b. SECURITY TOKENS

Security tokens are traditional assets like stocks and shares that have been converted into digital tokens on the blockchain.

c. NON-FUNGIBLE TOKENS

A non-fungible token is a digital representation of something unique.


1.2 How Tokenization helps the Ecosystem Token

Rewards can simply be stored in centralized databases but TPG took the path of tokenization. Tokenization of TPG rewards helps in achieving immutable transactions and proper record keeping. 

Aside from Tokenization of rewards TPG also created its native token to be used for its Ecosystem Utilities and will also serve as an investment vehicle for any interested party.

Tokenization will also open to many future possibilities that blockchain technology can offer. 

The total tpgtoken.io supply is 120,000,000. The tpgtoken.io issuer account has been locked, i.e., the total supply is fixed and no more tokens may be issued. Being limited and fixed-supply in nature, value appreciation is one possibility we can look forward to.


1.3 What other problems arise from current cryptocurrencies?

1. Cryptocurrencies as Property

One of the most critical legal considerations for any cryptocurrency investor has to do with the way that central authorities view cryptocurrency holdings. In the U.S., the IRS has defined cryptocurrencies as property rather than currencies. This means that individual investors are beholden to capital gains tax laws when it comes to reporting their cryptocurrency expenses and profits on their annual tax returns, regardless of where they purchased digital coins.

This aspect of the cryptocurrency space adds layers of confusion and complexity for U.S. taxpayers, but the difficulty does not end there. Indeed, it remains unclear whether digital currency investors who have purchased their holdings on foreign exchanges must face additional reporting measures come tax time. 

2. Decentralized Status

One of the great draws of many digital currencies is also a potential risk factor for the individual investor. Bitcoin (BTC) has paved the way for other cryptocurrencies in that it is decentralized, meaning that it has no physical presence and is not backed by a central authority. While governments around the world have stepped in to assert their regulatory power in various ways, BTC and other digital currencies like it remain unattached to any jurisdiction or institution.

3. Business Registrations and Licensing

A growing number of businesses are taking advantage of digital currencies as a form of payment. As in other financial areas, businesses may eventually be required to register and obtain licensure for particular jurisdictions and activities. However, due to digital currencies ' complex and evolving legal status, this area is significantly less clear for businesses operating in the crypto market.

4. Fraud and Money Laundering

There is a widespread belief that cryptocurrencies provide criminal organizations with a new means of committing fraud, money laundering, and a host of other financial crimes. This may not directly impact most cryptocurrency investors who do not intend to use this new technology to commit such crimes. 

5. Scalability

Probably the biggest concerns with cryptocurrencies are the problems with scaling that are posed. While the number of digital coins and adoption is increasing rapidly, it is still dwarfed by the number of transactions that payment giant, VISA, processes each day. Additionally, the speed of a transaction is another important metric that cryptocurrencies cannot compete with on the same level as players like VISA and Mastercard until the infrastructure delivering these technologies is massively scaled. Such an evolution is complex and difficult to do seamlessly.

6. Cybersecurity Issues

As a digital technology, cryptocurrencies will be subject to cybersecurity breaches, and may fall into the hands of hackers. We have already seen evidence of this, with multiple ICOs getting breached and costing investors hundreds of millions of dollars. Mitigating this will require continuous upkeep of security infrastructure, but we are already seeing many players dealing with this directly, and using enhanced cybersecurity measures that go beyond those used in the traditional banking industries.

7. Price volatility and lack of inherent value

Price volatility, tied to a lack of inherent value, is a major problem, and one of the specifics that is referred to as it characterized the cryptocurrency ecosystem as a bubble. It is an important concern, but one which can be overcome by linking the cryptocurrency value directly to tangible and intangible assets. Increased adoption should also increase consumer confidence and decrease this volatility.

8. Cryptocurrency Regulations

Even if we perfect the technology and get rid of all the problems listed above, until the technology is adopted by federal governments and regulated, there will be increased risk in investing in this technology.

Other concerns with the technology are mostly logistical in nature. For example, changing protocols, which becomes necessary when the tech is being improved, can take quite a long time and interrupt the normal flow of operations.

1.4 What is tpgtoken.io?

tpgtoken.io is an All-in-One Ecosystem Token for blockchain solutions.

1.5 Founding team members

tpgtoken.io is founded & developed by the  TPG Dubai INC.

II. CONSENSUS PROTOCOL

Consensus protocols form the backbone of blockchain by helping all the nodes in the network verify the transactions.

2.1 Blockchain & Distributed ledgers

What Is A Distributed Ledger?

Distributed Ledger

A distributed ledger is a database that exists across several locations or among multiple participants. By contrast, most companies currently use a centralized database that lives in a fixed location. A centralized database essentially has a single point of failure.   However, a distributed ledger is decentralized to eliminate the need for a central authority or intermediary to process, validate or authenticate transactions. Enterprises use distributed ledger technology to process, validate or authenticate transactions or other types of data exchanges. Typically, these records are only ever stored in the ledger when the consensus has been reached by the parties involved.

All files in the distributed ledger are then timestamped and given a unique cryptographic signature. All of the participants on the distributed ledger can view all of the records in question. The technology provides a verifiable and auditable history of all information stored on that particular dataset.  

What Is Blockchain?

Think of blockchain and distributed ledger in the same way you might think of Kleenex and facial tissues. The former is a type of the latter, but it has become so popular that it becomes ingrained in people’s minds as what the product is.

Blockchain

A blockchain is essentially a shared database filled with entries that must be confirmed and encrypted. An easy way to understand is to think of it as a highly secure and verified Office 365 document. Each document entry depends on a logical relationship to all its predecessors. The name blockchain refers to the “blocks” that get added to the chain of transaction records. To facilitate this, the technology uses cryptographic signatures called a hash.  

How Are Blockchain And Distributed Ledger Different?

The most important difference to remember is that blockchain is just one type of distributed ledger. Although blockchain is a sequence of blocks, distributed ledgers do not require such a chain. Furthermore, distributed ledgers do not need proof of work and offer – theoretically – better scaling options.

Removing the intermediary party from the equation is what makes the concept of distributed ledger technology so appealing. Unlike blockchain, a distributed ledger does not necessarily need to have a data structure in blocks. A distributed ledger is merely a type of database spread across multiple sites, regions, or participants.

On the surface, distributed ledger sounds exactly how you probably envision a blockchain. However, all blockchains are distributed ledgers, but remember that not all distributed ledgers are blockchains. Whereas a blockchain represents a type of distributed ledger, it is also merely a subset of them.

2.2 Bitcoin & Proof of Work Consensus

Bitcoin uses the Hashcash proof of work system. In order for a block to be accepted by network participants, miners must complete a proof of work that covers all of the data in the block. Proof of work (PoW) is a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system. Proof of work is used widely in cryptocurrency mining, for validating transactions and mining new tokens.

III. ECONOMIC MODEL

Token economics, or tokenomics for short, is the study of economic incentive models and token distribution within cryptocurrencies.

3.1 tpgtoken.io Total Supply

TPG  Tokenomics 

The total tpgtoken.io supply is 120,000,000 

The tpgtoken.io issuer account has been Locked, i.e., the total supply is fixed and no more tokens may be issued.


tpgtoken.io Issuer account address:

GANJHXWRSHC6AQDG3S4LW3VIM5HOKOSOGWJJPUXE7RJLEZNGMJ33ELS6


tpgtoken.io Allocation:

   12,000,000  - CEX/DEX Liquidity (10%) - Liquidity Pool

   18,000,000  - Private Sale and Presale (15%) - Sale for Strategic Partners & Early Supporters

   18,000,000  - Global Strategic Investors (15%) - To help make the TPG vision a reality with Global Partners

   24,000,000  - Ecosystem Token Community (20%) - Public Sales for Community, User Rewards & Treasury

   12,000,000  - Ecosystem Fund (10%) - Marketing, Development & Other Needs of the Ecosystem

   24,000,000  - Reserve for TPG Board & Core Team for 50 Years. (20%) - For TPG Team Rewards & Retention

     6,000,000  - Foundation reserve (Grants, Community events, etc.) (5%) - Foundation reserve (Grants, Community events, etc.)

     6,000,000  - Emergency Fund (Buy Back and More..) (5%)

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120,000,000  - Maximum tpgtoken.io Supply


3.2 tpgtoken.io Economy, Wallet & Exchange

tpgtoken.io is the official utility token for Ecosystem Token. It will be used within our Game, NFT, and Metaverse platforms and its network utilities. As a utility token, its growth is anchored to TPG’s growth and success.

It is under stellar and any wallet that supports stellar and its tokens can be used for tpgtoken.io, one example is Lobstr & Keybase.

You may use https://www.stellarx.com in buying or trading tpgtoken.io. Listing to other exchanges will follow.

IV. DEVELOPMENT ROADMAP

TPG Vision

The tpgtoken.io is envisioned as an All-in-one Token for incentives, rewards, bonuses, and awards for its users and become one of the most utilized blockchain tokens used by customers and businesses in Ecosystem Token.


DECEMBER 2021

tpgotken.io created 


January - June 2022

Testing Period


July 2022

Soft Launch of tpgtoken.io


August 2022

Global Launch of tpgtoken.io


September - December 2022  

Listed on  ICOHOLDER

Establish partnerships with businesses, developers and continue marketing 


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Q1 2023 

Creation of TiPiGi Wallet Solutions

 

Q2 2023 

50% Completion of TPG Ecosystem Apps & Utilities made for tpgtoken.io  

Listing on Exchanges

 

Q3 2023 

tpgtoken.io Participants will commence voting of Development Apps  

 

Q4 2023

Start of development of the second batch of TPG Ecosystem utility apps