Tokens issued using blockchain distrbuted ledger technology (DLT) can represent anything of value such as Fiat money, shares, cryptocurrencies, rewards points, commodities, private currencies and so much more. Tagcash integrate with Ethereuem, Stellar and NEM Blockchains and tokens created on those platforms can be added to or created in Tagcash. Tokens can then move back and forth between the Tagcash wallet and other wallets.
For creation of your own currency/token, Tagcash uses the Stellar Blockchain. You have the option of making the currency immutable, in which case whatever amount you create at the start, cannot be changed, nor can any permissions be applied. If you choose NOT to make it immutable, you can issue more tokens later and can control who can receive or send.
Trading of all tokens is via the Stellar Blockchain decentralized exchange, which can be done via the Tagcash app, or any other Stellar based wallet. When trading within Tagcash, we are the custodians of tokens, whereas for the majority of other wallets, you have to manage your own private keys.
Tagcash can also tokenize company shares (not for public sale), enabling easy transfer between shareholders, adding of new shareholders, and recording of company records on blockchain. The only fee that we charge is 7500 TagCoin (approx USD $75), for which we create a Stellar based asset that can be be controlled and used within Tagcash or from within any Stellar based Wallet.
FAQ(Frequently Asked Questions)
Issue - issue more of your created asset, but only if reissue was enabled when Token was created.
Activate - enables others to grant other addresses send and receive permissions.
Send & Receive - each address can be given permissions to send or receive.
When using the command line, permissions can be granted or revoked like this:
grant addresshere admin, issue, activate, send, receive revoke addresshere admin, issue, activate, send, receive
Amongst other features, this enables creation of users within Tagcash, handling verification, sending of money to others, and charging users from within your apps or websites.
The second option is setup a wallet node by connecting to the Tagcash Blockchain (install multichain.com software, connected to the tagcash node (email@example.com:3000), and send RPC-JSON API commands to the node, such as sending money to others, creating new addresses and so on. Each address created would have to be granted with send and receive permissions, which can be done via Tagcash API. This option is only available for merchants, banks and other fintech providers.
An example of how you might send money using the command line or via a JSON RPC command sent from your app, would be "sendasset addresshere ASSETNAME 100". The command line will send the money to that address then return the tansaction ID. For all the commands that can be used within the Multichain API use "multichain-cli tagcash help".
Once you are connected to the Tagcash Blockchain, either personally using a Multichain Node Wallet, or via an application using the blockchain, you can send funds to anyone anywhere else using the same system, using public addresses to send to.
Tagcash is a digital wallet developer and platform, building blockchain solutions on Distributed Ledger Technology. Tagcash is regulated by the central bank of the Philippines (BSP), and is authorised as an Electronic Money Issuer (EMI) - https://tagcash.com/emi.pdf