TEE-coin as a token of appreciation built on blockchain and cryptocurrency technology.
The prize program is usually adopted today by many traders. Through these programs, merchant rewards are generated every time a customer purchases a company's product or service. The customer can then exchange the benefits for the company's products or services. However, the rewards are inconvenient for users because most of them can only be used to buy or receive the company's products or services. For this reason, many prizes end up without being used.
To improve the comfort, liquidity, and security of this system, and to minimize the wastage described above, TEE-COIN PTE. LTD., By applying blockchain and cryptocurrency technology, has introduced a convenient Rewards life that can be linked to cryptocurrency and other tokens.
At TEE-COIN, we provide a unique Rewards platform. Typical websites like Google Maps, TripAdvisor, and Yelp have become standard sites which consumer and travelers turn to for information. Our review platform ChatTee is built on a system that distributes TEE-coin tokens (hereinafter referred to as “TEE-coin” or “TEE-coins,” unit: TEC) as a reward given to users for writing reviews and for participating in other activities on the platform . The coins can then be able to be used to purchase the products and services of our registered merchants.
What is TEE-coin?
TEE-coins are gift tokens using cryptocurrency technology and, as a currency that can be exchanged for many cryptocurrency, solve the problem of inability to use cryptocurrency at merchants. Faster than anything, with a low service fee, in the amount you need when you need it, we give you the ability to refill TEE coins with other cryptocurrency and make payments quickly.
How does TEE-coin work?
Mission
Create a coin that makes people happy
With the popularisation of the Internet and smartphones, information and knowledge can be easily accessed. However, users cannot easily get hold of the information they really need because of the sheer amount of information on the internet. The key for obtaining accurate information is to the ability to navigate the open-seas of the internet. In other words, users must be able to exclude unnecessary information and filter to get only the true and correct information and narrow down to find information that serves the purpose.
A user’s own experience is the primary source of information which is used for decision making, followed by recommendations from family members, friends, and acquaintances. In other words, other people’s experiences count too! Next in line is probably the information from articles, books and the media. At TEE-COIN we focus on the user’s own experience (the primary source) and the shared experience from other people. Other people share their experiences and users utilise that in their own decision-making. That’s what reviews are all about! According to search engines, the probability of reviews influencing the buying behaviour of consumers is at least 88%.
Using cryptocurrency technology built on blockchain, ChatTee generates TEE-coins as a reward for appropriate reviews. Inappropriate comments made clandestinely are excluded by our AI engine. Consumers can then choose merchants from the original user review library. TEE coins are also used to thank people for providing information that is really needed by consumers.
Vision
Adopting blockchain technology, TEE-coin strives to become a worldwide cryptocurrency that can become a medium for exchange. Anyone can easily send money or make payments safely and quickly (transaction speed is only 4 seconds - one of the fastest in the ecosystem today). TEE-coin is well suited to building a comprehensive reward system and building a substantial distribution channel.
Solution to the Problems Faced by Cryptocurrency Users
Utilisation of Other Cryptocurrencies for Merchant Product/Service and Reward Programs
Instant Fill Instantly with Cryptocurrency / Exchange with Other Prize Programs
TEE-coin solves problems where cryptocurrency and prize programs can currently only be used in a limited area.
The TEE-coin wallet can be topped up instantly with TEE-coins from major cryptocurrency (Bitcoin and Etherium) without using cryptocurrency exchanges. Cryptocurrency is converted into TEE-coins with top-up functions can be used to make payments at merchant stores or to buy electronic coupons in ChatTee. Because TEE-coins are fast (one of the fastest in the world), the payment process is stress free. In addition, TEE-coin also increases comfort and liquidity by allowing points from other prize programs and airline mileage to converted to TEE-coins. The use of this TEE-coin serves as a token to bridge the cryptocurrency with the prize program. TEE-coin
resolve the issue of prize expiry from other gift programs by utilizing this interactive (and mutual benefit).
ChatTee Main Functions
1. Coinback function
Coinback is given when users redeem coupons or when make payments
2. Improvement on Review function
Video upload and more intuitive and interactive review functions
3. Improvement on Home Screen
Display of reviews that user is most likely to be interested in and timeline function
4. Exchange with other reward systems
Allow the conversion of TEC to frequent flyer mileage or points from other reward systems
Token Distribution
To address the concerns that the price may fall sharply due to the increase in market supply when we put a large amount of TEE-coins on the market, we will lock up 93% of the 72.4 billion TEC owned by TEE-COIN which translates to 67.2 billion TEC.
During the period from Nov 1, 2019 to the end of Oct 2020 which is announced as the lock-up period, 67.3% of the entire amount of TEE-coins will be frozen. With this lock-up, out of the 72.4 billion TEC only 419 million TEC will be released every month on the first day of each month starting from Nov 2019. If the full amount of 419 million TEC is not released to the market within that month, the remaining TEE-coins will be locked up again for 120 months.
The purpose of this lock-up plan is to simplify the calculation of the amount of TEE-coins that need to be supplied to the market and to maintain a stable and predictable environment required in order for TEE-coin holders to make transactions.
TEE-coins owned by Team Members (excluding 0.5%) and Partners will be locked up for 36 months once TEE-coin is listed on exchange. Subsequently, only 45.9 million TEC from this pool can be sold on the
market each month. This is equivalent to just 0.21% of the entire amount issued.
Roadmap
CONCLUSION
The majority, if not all the merchant shops out there will accept cryptocurrency as a form of payment thanks to TEE-coin. My TEE-coin with other cryptocurrency whenever needed TEE-coin from other crypto platforms. Not forgetting the speed anywhere I will be able to make my payments that change this digital money as part of this amazing platform for an easier payment process anywhere, anytime.
For more information see the link below:
WEBSITE: https://tee-coin.com
TELEGRAM: https://t.me/tecoin
WHITEPAPER: https://teecoin-public.s3-ap-southeast-1.amazonaws.com/white-paper /tee-coin-whitepaper-3.9.pdf
BITCOINTALK: https://bitcointalk.org/index.php?topic=5180905.0
FACEBOOK: https://www.facebook.com/teecoinofficial
TWITTER: http://www.twitter.com/teecoin_eng
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