Wednesday, April 22, 2020
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TycheCash is a cryptocurrency Coin. Can be bought at exchanges and from other people, it can also be obtained by mining (Cryptonight) The current price is $0.
TycheCash will be the cash part of larger ecosystem of TycheNeXT(TycheNeXT is temporary name of the upcoming ecosystem) . TycheNeXT is going to be a Interconnected Blockchain System with smart contract and identity verification system but the part of whole system will also incorporate a "cash"/anonymous currency . TycheCash is that part.
Supply: 80 Billion Coins
TycheCash will be the cash part of larger ecosystem of TycheNeXT(TycheNeXT is temporary name of the upcoming ecosystem). TycheNeXT is going to be a Interconnected Blockchain System with smart contract and identity verification system but the part of whole system will also incorporate a “cash”/anonymous currency. TycheCash is that part.
TycheCash has been launched 1st mimicking the real world economic evolution and the rest of the system will follow soon.
Total number of coins is fixed at 80 Billion to be mined with tail emission.
Reason : We are trying to implement what real economy and world is . In the world of cryptocurrencies if we want our coin to be really transact-able we need to have that much to have real use case and practicality. Real world people don’t feel good in transacting into decimals which are hard to calculate for each transaction. And that way if we are right Bitcoin is going to be more of a Gold — i.e. Investment token instead of transaction token.
Next as mentioned in the intro TycheCash is the cash part of the bigger ecosystem TycheNeXT(the temporary name ) , which is going to be compliance ready for mainstream adaptability. The smallest example you can think is if someone deposits cash into your Bank account ,that cash becomes “accountable” and part of the banking system . Even when it was in the form of cash, it was generated by the banking system was accounted for total issued quantity but not traceable till its in Bank account.
That Cash part is very important and will always exist even when the world shifts to crypto world. There are several genuine example of use of cash : paying tip , small payments , governments using cash for unaccounted operations etc etc . These are the genuine use cases , there are other dark uses of cash also which also exists and will continue to exist.
What our system is going to be is combining them same as real world.