With digital currencies still going strong and finding their way into the world, the longtime issues regarding their use have to be addressed to open the door to massification finally. There is quite a number of crypto assets out there looking to solve problems, and a number of currencies that are traded in non-efficient ways since most transactions are time-consuming and severely affected by the technology available these days.
Treeblock is looking to change that by changing the scope of the solution: instead of waiting for the technology to catch up with speed needed to make transactions promptly, they are creating a new method to handle these assets using Time Sharding Trees.
The Wide Scope of a Long Term Plan
Time Sharding Trees give users the option to create a decentralized grid that can only be accessed by the parties agreeing to join. Treeblock’s main offering right now centres into giving users “Family Enterprise Solutions” that allows relatives and close ones to use the Blockchain to trade crypto assets while handling every aspect related to it: from high profiles security features to the preservation of family data aside from financial assets.
The company has plans to go beyond this offering by making their services available to notary services, insurance companies, loyalty programs, stock control for big companies, supply chain management, distributed trading, clearing and settlement services and even inheritance-related procedures.
A Utility Token to Access a Secure Blockchain
Every single operation handled by Treeblock will be managed using the company’s custom-made TREX crypto token based on the ERC-20 protocols provided by Ethereum. The decentralized grids will be created and handled in Treeblocks own Blockchain ecosystem.
The ICO sale will begin in July of 2018 when the company will offer in an open sale 6,500 million units of TREX that can only be paid for using Bitcoin or Ethereum. 1 BTC grants the user 275,000 TREX, while 1 ETH gives them 20,000 units of the token. Accreditations of the sale will be issued to participants only via Smart Contracts to their personal virtual wallets.
TREX Allocation and Distribution
The actual token allocation goes as it follows: 10,000 million units of TREX will be issued. 65% of them will be offered in the public sale, 10% will go to the founding team, 2% will be offered in bounty programs after 6 months of the initial sale. 5% will be placed on a reserve fund for the company’s future use, another 5% will go to private partners of the company, 3% will be granted as payment to the advisors, and 10% will be used for marketing purposes.
While there is no current information about the numbers required to break even, Treeblock has made public how the funds' distribution will go after the sale is done. Their current plan is to spend 50% of the money collected on research and further development of the platform, 25% will go to operational costs, 10% will be used for outreaches and to create partnerships. 10% will be used for marketing purposes, 3% to cover legal costs and the final 2% on other expenses related to setting up shop in a physical location.
If you wish to learn of the long-term goal of Treeblock, you can visit their site at:
ETH address: 0x59d57ee13549f39341804d563ed8fde31c47031c