TagCoin is a Payment Token, created as a cryptocurrency, to support microtransaction solutions, as well as used as a micropayment itself. Tagcash is one of the first customers to use it, as a payment method for the various services within the Tagcash Wallet, for advertising within Tagwild, as a rewards currency, and also used as an advertising payment currency within VTC.com. Other partners will join in the near future.
SERVICES WHERE TAGCOIN IS USED
- Merchant Fees from user to merchant wallet is 2% of payment. This can be paid using equivalent value in TagCoin.
- Half of the Merchant Fee paid back to the customer in TagCoin
- Rewards for user actions within the Tagcash Wallet
- Payment by merchants for each Bill Payment made in Tagcash Wallet
- Creation of own currency or adding of external cryptocurrency into Tagcash
- Coupon Redemption fees in Loyalty Section of Tagcash .
- Loyalty Stamp payment in Tagcash.
- Creation of Red Envelopes in Loyalty Section.
- Bid and payments for sponsored Mini Apps in Tagcash Wallet.
- Merchant Fees for adding and maintaining Mini Apps.
- 50% discount on trading fees for tokenized equity crowdfunding.
- 50% discount on trading fees for cryptocurrency exchange.
- Posting fee on Peer to Peer Lending (anti spam).
- Advertising, rewards and prize options in TagWild gamified loyalty app.
- Per Advert view for pre roll advertising on vtc.com video elearning website.
Since Tagcash integrates its wallet with the Stellar Blockchain, TagCoin was created as a cryptocurrency within Stellar, but interchangeable with TagCoin in the Tagcash Wallet. While in the Wallet, TagCoin can be sent to anyone in Tagcash or alternatively to Stellar wallets with no transaction fees. Within Stellar, TagCoin can be sent with a tiny transaction fee, and can also be traded via various decentralized exchanges for fiat or other cryptocurrencies.
The asset ID of TagCoin on Stellar is GBGREYLYP3GBIFDWIDQO4VYORP3FH33RVPNIUDN3QNJ4GUDRFSEXKJAC.
10 Billion coins were issued with no possibility of reissuance, at an initial value of 1 US cent equivalent. The Tokens are available for sale within Tagcash Wallet, or within the Stellar decentralized exchanges. Approximately 100 million TagCoin are in circulation within the Tagcash Wallet. Any company can use TagCoin, using the open REST API within Tagcash (developer.tagcash.com), for rewards, for advertising payments (per view, per action etc), or as a micropayment method where the amounts do not make sense using conventional payment methods.
SOME HISTORY - TagCoin was originally created in 2013 as a PoW/PoS clone of Novacoin, which itself was a clone of Peercoin. Users of the old currency can burn their currency 1 for 1 to exchange for the new TagCoin created within Stellar, via the Tagcash Wallet.
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