Gone are the days where money transfer and exchange had to be expensive. With the change in technology, expensive is a choice. The conventional methods have so far been costly due to the involvement of multiple third-parties. The new technology, however, leverages on the cryptocurrency blockchain, which, by nature of decentralization eliminates the need for a third party. One of the latest companies that have come to bridge the gap for expensive money transfer and exchanges is Transmission.
What is Transmission?
Transmission is a system of electronic transfers that makes it possible to send money anywhere in the world and exchange money to any other currency at the current exchange rate. It gives users the privilege of converting the currency at an exchange rate of their choice by setting the price in advance. Users will be intimated once the exchange rate reaches the pre-specified price. Transmission is not limited to fiat currencies but can work with cryptocurrencies as well.
Transmission operates on the basis of a highly efficient financial architecture and the blockchain technology which eliminates commission on transactions, lowering the associated fees by anywhere between 5-7 times. That translates to a maximum commission of 1% of the transaction amount. The transactions are instant with the registration process, short and simple.
Transmissions Token ICO
There is a total supply of 405,500,000 transmission tokens in the market. The token crowdsale will start from 30 August and last a period of 10 days. During the token sale, the main currencies that will be accepted will be Ether (ETH) and Bitcoin (BTC). Just like other tokens, the TMN token can be traded as soon as it is launched on crypto exchanges.
Upon participation in the Transmission’s ICO, customers can be sure of their tokens increasing in value since 50% of commissions will be utilized quarterly to raise the price of the token in the listed exchanges. Investors of the token will also get bonuses depending on their investment amount and returns from the company.
Funds collected from the crowdsale will be mostly used for development and expansion of the ecosystem. More information about the platform and its roadmap is available on the whitepaper and website.