TokenPay Derek Capo Talks About eFIN Membership Plan
So one of the membership part, of being a member is that you’ll have free trading. It’s gonna be no fees whatsoever! There’s not going to be these crazy fees. I mean, I know some crypto curency exchanges which are 0.2% percent for every buy and every cell and then 0.5% percent withdrawal. I mean there’s crypto exchanges that have been hacked. So the good news is with decentralized exchange, its peer-to-peer trading. So you’ll be able to have your coins and it’s your coins, in your wallet. There’s no reason or any way whatsoever, it’ll be hacked from some centralized crypto exchange situation.
But being part of a Premium Membership, you’ll also be able to get air drops with other various coins that we’re planning on launching. You’ll also be able to have some discounts on some of the networks. Eventually even some of the Bitcoin ATMs, that we’re gonna be launching. Yet don’t know exactly how much the percentage of discount is, but the goal is to to have that. We’re looking at a price range between about 85 euros to 125 euros for this membership. Not finalizing what it is, but that will include all that stuff that I mentioned plus eFin coins as well. So definitely gonna make it extremely attractive.
This membership is basically a license to be able to use the exchange with all of these benefits. Another thing that we just are not officially finalizing yet, but we just had a really really long meeting with the the Bank CEO. About you know, kind of the future and what’s going on. It ends up that, for the first time ever we may have the opportunity to sell individualized shares of the bank to our community. We are trying to finalize details for this with lawyers. According to German law a share, one share, it can be sold to any individual person whatsoever, worldwide! They just pay and they’ll be able to just get an actual certificate, that shows that they own one share.
The beauty about this is that, we’ll be able to collect TokenPay, Litecoin and Bitcoins. This is probably one of the first times ever the world, people will be able to use crypto coins to actually buy a real share in a bank. This is something that’s pretty breakthrough. We’ll be really excited to hear and have more details for all of you. This is something that will happen really quickly, actually sometime this year. Some of these projects that we have on our website will be postponed,given all of the new things that are happening.
But at the end of the day, keep in mind, this is all to benefit the larger part of the ecosystem and the infrastructure that we are building. Keep in mind that, what we did in the very beginning was, if you really want to look at this is getting involved with the pornhub deal was kind of like showcasing and letting the world know, that we’re a part of this crypto world. That led us to a lite coin deal and then from the litecoin deal that has led us to do a lot of things, that we never were able to do. A lot of credibility, a lot of meetings that eventually ended up getting us into the Bitcoin Romanian deal and that’s going to lead us to three or four or five more other deals in the future.
People have to understand that there is a process to all of this. Now that we’ve developed the partnerships and we’ve got three alliances with three really really strong engaging communities. Now what we’re doing is, building the infrastructure and the pipelines that are needed to have massive adoption. It is extremely powerful to have for example, tens of thousands of locations worldwide. They’re able to buy and sell tpay, than it is to be listed on exchange, for example the coinbene! Although it’s was a good at integration in the sense of being a highly ranked exchange, the volume there has been pretty small.
I mean I’m pretty confident over time it will increase. But when you start to look at the exposure that we’re gonna have on all of Europe, over the next two or three years. We are going to be able to have the access of millions of people worldwide, not all of Europe to be able to buy tokenpay. I think that’s an amazing opportunity and much more powerful than probably any exchange out there.
So we’re really excited I’m really excited. I’m really looking forward to all of the future things, that we’re working on! As you can see, I’m tirelessly working here in Romania. Working with the team, I come here very often. So you know, really really excited! So again, I think we’re gonna open it up for questions. I hope we’ve been pretty descriptive about everything thanks a lot for your patience with us.