TECH

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TECH Token Specifications:

Asset Location: ID#8592752264082871895 | Initial Token Supply: 21 Million | Inflation rate: Event driven | Live Circulation: 348 Tokens | Max Supply: Uncapped | Type: Rewards & Incentive | Trades on :Bitswift Asset Exchange (BAE)|


Notice: TECH Tokens do NOT represent any share or ownership in any Bitswift related companies. TECH Tokens are NOT for investment purposes. TECH token is a community driven rewards token.


Purpose

TECH Token is a rewards token used by Bitswift representatives and eligible community members who are helping facilitate Bitswift ecosystem growth. TECH tokens replace Bitswifts previous reward system which rewarded official representatives directly in Bitswift tokens.

Issuance

TECH tokens are always credited from account BITSWIFT-WX2C-T6AN-FSKZ-FL43D with official active reps earning 10% commissions on service dollars and Bitswift community members receiving 5% commissions on shop sales. Service dollars through Bitswift Tech and sales from the Bitswift.shop are currently the only two mechanisms which generate TECH token distribution.

Exchange

TECH tokens may be exchanged directly for Bitswift tokens on Bitswifts decentralized asset exchange. TECH tokens may be used to purchase hardware and software from the Bitswift.shop or may be exchanged freely with other representatives. TECH Tokens do NOT represent any share or ownership in any Bitswift related companies or related ventures.

Development

A transparent and autonomous process for providing TECH tokens to representatives based on invoicing activity is in the planning stages.

History

Check Ardor.tools for a history of TECH token issuance and market information : Ardor Tools [1] (Ensure to select the Bitswift chain from the drop down)

Example

The transaction message for TECH token issuance includes all internal invoice numbers which generated TECH tokens enabling transparency between representatives and the Bitswift DAC. This function is also useful for auditing and reporting purposes with Bitswift representatives now able to verify proper commission and bonus payouts from the blockchain.

Date Mar 1, 2018, 4:52:11 PM ARDR TX ID 14463213650717776182 From ARDOR-WX2C-T6AN-FSKZ-FL43D To ARDOR-ZCZ9-Y7HN-NUD5-FHWBK Type Asset Transfer Asset TECH Quantity 0.0002 Fee 0.003299 BITSWIFT Block 6059476256718358947 Status 100% Transaction Details:

{

"signature": "bdce7b26a9590d31c6a4d3477c3ee5c40b965f20be9c864da3bd96262b5b47051b43b8d390eb3c7604ab61966e88a40e46296a460750c764b829e44a4f72ae33",
"transactionIndex": 1,
"type": 2,
"fxtTransaction": "14463213650717776182",
"phased": false,
"ecBlockId": "2499211309530693570",
"signatureHash": "d9ce234e0289515faebd166a4a14700519149cc6e6f7d89d03cd1e4eb4264653",
"attachment": {
  "quantityQNT": "20000",
  "version.AssetTransfer": 1,
  "version.PrunablePlainMessage": 1,
  "messageIsText": true,
  "messageHash": "934f087794d414bfb780009d20172c8f51e18fcb4bc4f4556c0da16a78b08923",
  "asset": "8592752264082871895",
  "message": "200 TECH TOKEN GENERATED FROM BTS INVOICES:\r\n\r\nBTS021118B\r\nBTS020618G\r\nBTS020618A\r\nBTS020618B\r\nBTS020618C\r\nBTS012318C\r\nBTS012318B\r\nBTS012318A\r\nBTS122917A\r\nBTS011118C\r\nBTS010718A\r\nBTS020618J\r\nBTS021118A\r\nBTS021118C\r\nBTS022818B\r\nBTS022818E\r\nBTS022818E\r\nBTS030118A\r\nBTS122917A\r\nBTS018181B\r\nBTS021318G"
},
"senderRS": "ARDOR-WX2C-T6AN-FSKZ-FL43D",
"subtype": 1,
"amountNQT": "0",
"recipientRS": "ARDOR-ZCZ9-Y7HN-NUD5-FHWBK",
"block": "6059476256718358947",
"blockTimestamp": 5176334,
"deadline": 15,
"timestamp": 5176331,
"height": 86628,
"senderPublicKey": "6338b48bc872d9b2ec66c66d6847eb6f5b816bd133f79aa94891c7d1b7afc003",
"chain": 4,
"feeNQT": "329900",
"requestProcessingTime": 2,
"confirmations": 40,
"fullHash": "b399368b3049a7d37b305977bb97aca66156260f451326ac24a4be3ef42ccd04",
"version": 1,
"sender": "15385513250536715274",
"recipient": "15611604900152060903",
"ecBlockHeight": 85907

Overview

TECH token.png