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A digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The innovation of blockchains is an auditable and cryptographically secured global ledger. Asset­backed token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile currencies and assets. In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one­to­one reserve ratio between a cryptocurrency token, called tethers, and its associated real­world asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.
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3.1
ICO PROFILE

(weight: 35%)

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SOCIAL ACTIVITY

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TEAM PROOF

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WEBSITE

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General
Website: Visit
White paper: Read
Dates: TBA
Token info
Ticker: TTH
Platform: Ethereum
Token Type: ERC20
Financial

Alexa Rank

Screenshots taken 11 Dec 2018
Jl Van Der Velde
CHIEF EXECUTIVE OFFICER
Giancarlo Devasini
CHIEF FINANCIAL OFFICER
Stuart Hoegner
GENERAL COUNSEL

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