Twogap is intended to create an innovative blockchain platform to intensly design the liquidity, assist the realignment and landing of common financial products such as bonds, stocks, commodities in terms of cryptomarket. Twogap is ready to go further after blockchain-based bonds issuance. Twogap is not only elaborated to blockchainize the issuance and handle of digital bonds, such as the World Bank ones, but can also encrypt new type of securities, called cryptobonds, with the aim of monetizing them.
Cryptobonds are intended to be used as a secure cryptoasset, and are going to be traded for traditional commodities and other altcoins. In its circle of existance it is used as a stable currency of virtual currency, which is partly similar to USDT stablecoin, so it is probable to make trades likely to USDT coin. The situation is that this is a kind of cryptocurrency is able to replace such stablecoins as USDT, TrueUSD, Stronghold. Cryptobonds are also a kind of investment asset, a commodity and a kind of bank deposit, which reqiures to be bought, sold and traded with.
Twogap team prepared a longterm technology that will affect the whole cryptomarket, providing proactive liquidity, creating unparalleled levels of existance for cryptobonds and similar financial assets. Common securities are to be tokenized by means of the large focal systems of the financial market are the cryptocurrency trading platform and usual stock exchanges. Twogap will create a direct bridge between usual Securities Exchanges and Crypto Exchanges for faster and more secure transaction processing, Crypto-fiat trades and bank payments.
| Pre-Ico Start date | May 22, 2019 |
|---|---|
| Pre-Ico End date | June 7, 2019 |
| Industry | Finance |
| Platform | Ethereum |
| Founded | 2018 |
| Website | https://twogap.com/ |
| Whitepaper | Yes |
| Countries | Singapore |
| Start | August 1, 2019 |
|---|---|
| End | November 30, 2019 |
| 97 days left | |
| Token | TGT |
| Soft cap | $10 000 000 |
| Hard cap | $30 000 000 |
| Minimum investment | 50.00 TGT |
| Tokens for sale | 69300000000 |
| Accepting | ETH |
Here is the rule of thumb which I resort to whenever I see a crypto project that offers financial products and services, other than the usual crypto trading. So, the first thing I always do is going straight to the legal compliance section. Once there, I take time to read what the project has to offer in that regard. I found this section in the Twogap whitepaper to have been written really inexplicitly. Basically, they disclaim all responsibility and liability for any issues that the users may face upon purchasing/trading the crypto bonds issued by Twogap. Also, I could find any information about Twogap's compliance in the corresponding laws of Singapore.
To tell you the truth, I have ambivalent feelings about Twogap. On one hand, they have a decent team, with a very strong advisory board, but, on the other hand, their concept is too ambitious to be considered as attainable in the nearest future. Judging from the list of their sponsors and partners, Twogap plans to concentrate their operations in Asia, which is not very suitable for the European investors, including me. Besides, I didn’t get a clear explanation in the whitepaper, or anywhere else, regarding the origin of bonds and cryptoassets. So, I remain doubtful about Twogap.
Since the tokens will be sold in August 2018, the main reason for this token is to equip the end-user with keys that allow functions to be performed in the Twogap system. This makes it easier to initialize the Twogap beta program in 2018. The secondary goal of TGT token retail is to promote Twogap's knowledge through promotion, thereby attracting additional users. There is absolutely no tertiary target for selling tokens.
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