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TokenPay CMO Steve Stanfield About Digital Asset Acquisition

By TokenPay Team | October 29, 2018, 10:52 AM

TokenPay CMO Steve Stanfield About Digital Asset Acquisition

TokenPay CMO Steve Stanfield About Digital Asset Acquisition

In this interview, TokenPay CMO Steve Stanfield is talking about Digital Asset Acquisition . If you enjoy it, remember to check out our cryptocurrency wallets and decentralized exchange over at TokenPay.com.

The next point I want to go over it’s, we touched on this on our last call. We made a rather large digital asset acquisition totaled about two and a half million TPAY. Those coins came from primarily from the US token sale. We had to refund Americans for that, so those coins were pretty much just sitting in a wallet. We believe that we want TokenPay in as many hands as possible, that’s what we need in order to have adoption. So we wanted to redistribute those coins back to our community, because that is decentralization and that’s what we believe in.

So right now I think there’s about 27,000 TokenPay wallet addresses that have TokenPay in them. This isn’t exchanges, so we have no way to track those but this is actual TokenPay wallets. Those are really good starting numbers and we we’re driving to increase those numbers. Merchants needed to sell that TPAY to convert it to fiat. They have their own bills to pay. They sold TPAY on the open market, now everything worked. That’s a real-world usage case. It was also a good stress test for our system!

TokenPay CMO Steve Stanfield talking about Digital Asset Acquisition
TokenPay CMO Steve Stanfield talking about Digital Asset Acquisition

What it showed us is, what we need to continue focusing on, which is increasing liquidity, increasing trading volume. You know by doing that, it’s going to avoid those spikes in volatility. When we cannot have that, merchants cannot have that. They need to have a reliable, stable crypto coin, without these huge fluctuations. That’s everything that our ecosystem, everything that we’re doing. It’s predicated on adoption on the increasing real world usage of TPAY!

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