Blockchain technology has revolutionized the app-building market in quite a striking fashion.
‘Traditional’ apps are designed by an individual, or group of individuals, are normally owned by the designer/s, and are offered for download and use through a centralized hub, such as an app store or similar service.
Blockchain technology gave birth to a new way of creating and distributing apps. In this new ecosystem, the underlying chain plays host to a new breed of applications which are not owned by anyone, and exist everywhere on the network.
Decentralized Applications (DApps) are hard to define accurately, but must share a number of common features whose description is beyond the scope of this piece.
New DApps are being created every day, for a variety of purposes. Token Changer is a brand new ICO that designs, builds, and hosts finance-related DApps for a number of markets.
Business Showcase : Token Changer https://t.co/xjs0GIaJm4
— Irish Tech News (@Irish_TechNews) March 9, 2018
Token Changer: blockchain destination for financial DApps
Token Changer intends to become the blockchain equivalent to the Play Store for Android apps, or Apple Store for IoS applications. In other words, it offers a blockchain platform to support DApps, mainly for financial markets.
Token Changer will create three separate DApp branches, depending on the DApp type and usability:
- Peer-2-Peer
- One-2-Many
- Many-2-One
The platform’s technology is complex. It can support different blockchains, but Ethereum is the primary one. This is an image of Token Changer’s technology stack.
Token Changer in figures & quick facts
Token names – Token Changer (TOC) & Block Point
Total amount of tokens issued – 1,000,000,000
TOC & Block Point
The company will issue its own currency, the Token Changer token (TOC), which is based on the Ethereum ERC-20 Standard.
According to the ICO’s marketing blurb, ‘TOC is a reward token used to reward market makers who provide liquidity in various exchange scenarios.’
TOC is tradeable in the market, which means that its price will fluctuate over time. Because of this, the company decided to create a second token (Block Point), to be used when distributing rewards to platform users.
According to the company, Block Point is a “non-tradeable, non-transferable native token that is given to platform users who play market-making role in DApps.”
The team
Our CMO got interviewed by @@Irish_TechNews : check it out here : https://t.co/LSUDzGi0oc
— Token Changer (@TokenChanger) March 10, 2018
The Token Changer website presents a core team of five people, plus three advisors.
There are no bio details or any information about the team members, but they all feature a link to their LinkedIn profiles.
The team is lean, but this is common with start-up ICOs. Learn more about this ICO’s team here.
Social media presence and digital footprint
Here are the numbers for Token Changer at the time of writing (mid-March 2018).
- Twitter – 2,200 followers
- Facebook – n/a followers
- Telegram – 1,116 followers
- LinkedIn – 27 followers
Token Changer’s presence on social media is currently quite sparse, which means that the Community Manager listed on the site will need to make an extra effort to get Token Changer where it needs to be.
Competition
The blockchain ecosystem is rife with DApp-related ICOs. REMME, PayPro, Sp8de, and many others. Some of the DApps themselves may not be related to the financial market, however, but a thematic similarity does exist.
It is a crowded market, so investors will need to see how their funds will make a difference, and ascertain the potential return they will get on their investment.
White paper
White Paper is finally out!
Check it out to grasp the full power of @TokenChanger #ICO #Blockchain https://t.co/tFxZpSGYtI— Token Changer (@TokenChanger) February 1, 2018
Consult Token Changer’s white paper for more information about the platform, additional features and services, etc.
Conclusion
@TokenChanger Announcement!
!The Token Changer airdrop program is now full!
Thank you for your help making this a great success, please stay tuned for updates and more opportunities.
Join us on telegram and meet the team.https://t.co/ssBjh1UdVS
— Token Changer (@TokenChanger) February 21, 2018
There is nothing intrinsically wrong with this ICO’s proposition, and according to its website, a few clients have already adopted Token Changer’s platform, with a few more in the pipeline.
I do have an issue with the ICO’s very name, Token Changer. It’s fairly nondescript, and in fact could be misleading as it arguably leads to believe that it’s simply a place where one can trade (‘change’) their tokens for fiat or other currencies. A bit more thought should have gone into this.
Bar that quip, Token Changer’s proposition is solid, so let’s see how it develops.
