Tip Blockchain (TIP) ICO Review – ICO Token News
The blockchain economy grew by over three thousand percent in 2017, which is a staggering growth rate. More users came into the cryptocurrency economy than ever before. However, as of mid-2018, the most active players in the market are speculators, as real world uses of cryptocurrency remain elusive. Tip blockchain is working on changing that by creating an ecosystem that fosters real-word uses of cryptocurrency. There have been several advances in blockchain technology, mostly centered in scalability and interoperability between blockchains. The piece that has been given little attention in the past is usability. Tip Blockchain recognizes this as the cornerstone to mass adoption. Thus, they are tackling the problem of usability headon by building innovative blockchain solutions that are user-centric. The key innovation on this platform is the discovery of information stored on the blockchain. The Tip blockchain can be thought of as a merger between blockchain technology and traditional databases which allow for the storage and retrieval of information. This provides rich information on the blockchain that is easily accessible by users and businesses, opening up a new range of possible use-cases that were previously inconceivable. Tip is powering mass adoption of blockchain technology through the discovery of information on the blockchain.
Tip is building a platform upon which a vibrant cryptocurrency economy can be built. At the core of the platform is the Tip Blockchain. The Tip blockchain is the core of our platform. A key innovation on this blockchain is the ability to store large amounts of arbitrary information alongside accounts and transactions. While this in itself is not a completely unique feature to Tip, what sets Tip apart from the pack is that all the information stored on chain is indexed for easy search and discovery by users. Thus, information stored on each account and transaction can be accessed by other users on the network. This opens the doors to a multitude of applications that can then utilize this information stored on chain. The first piece of information to be stored with each account is a username. Each account on the network will have a username attached so users can transact using this name instead of 40 or 60 characters hashed addresses.
The discovery of information on the blockchain is in many ways similar to what happened during the internet revolution. A wealth of information was locked away in the internet with no easy way for users to access it unless they knew the exact location (URL) in which the information was stored. Search engines then came along and indexed all this information and made it all accessible to users through the power of search. Google went on to perfect this process. Tip is doing something similar in the blockchain space, by indexing and making the information stored on chain accessible to users.
The ability to store and access information on the blockchain is only half the story behind Tip. The other half of the story is how this information will be used. Rich user experiences will be built around the abundance of accessible information on the network. This will create a technical barrier-free economy in which end users and businesses can transact easily.
In order to achieve our goals of driving mass adoption of cryptocurrency, a cohesive and vibrant ecosystem where cryptocurrency can be used in an easy and seamless manner is required. Tip Blockchain is using our technology of discovery on the blockchain to create such an ecosystem.
The components of the ecosystem as follow:
- User Discover decentralized apps: Users will be able to find each other by searching by username of even the real names of other users or businesses on the network. You can finally say goodbye to those long cryptographic addresses and transact using usernames, similar to twitter handles. The first discovery app, Kasakasa is scheduled for release by August 2018.
- Business solutions: For mass adoption to occur, businesses will need to get on the cryptocurrency train in a huge way. That is why Tip is creating a Point of Sale system, Sika, that makes accepting TIP and other cryptocurrencies a breeze. The rich information the platform provides will also be available to merchants so they will be able to form insights on cryptocurrency payments. Things like identifying customers, tying transactions to customers and order histories are just a sample of the features our system will support.
Together, these solutions will connect end-users to merchants and allow for easy commerce in ways that are not presently possible on any other blockchain or cryptocurrency platform. These features will bring on both non-technical users and businesses which have been on the sidelines waiting for a platform that is as easy to use and to integrate as other point of sale systems they are already familiar with.
TIP tokens are the digital tokes that keep the Tip ecosystem running. Initially, to be released as ERC20 tokens on the Ethereum network, Tip tokens are set to be migrated to the Tip blockchain in 2019-2020. Tip tokens can be used to pay storage fees for data on the Tip blockchain, for voting for delegates in the Tip Delegated Proof of Stake (DPoS) system, and for paying for transactions with merchants on the platform.
Tip tokens will be available for purchase during the ICO token sale from July 13th to August 17th. The base price of Tip tokens is 1 TIP = 0.0001 ETH. A 50% bonus is available in the first week of the token sale. The bonus drops to 30% the following week, and down another 10% in each subsequent week, ending with no bonus in the last week of the sale. Bonuses are also available for referrals. TIP will be listed on Bancor and other exchanges after the end of the token sale.
To grab more information about ICO investment read how to invest in ICOs guide.
- John WarmannFounder and CEO
Software developer, entrepreneur and blockchain enthusiast with a decade experience building software systems and creating innovative technological solutions.
- Garlam WonChief Strategist
With experience in Investment Banking Management Consulting from JP Morgan and Deloitte, Garlam is a strong strategist with a vast network of connections in the blockchain space.
- Walter ParejaHead of Information Security
Walter is a Senior Information Security Advisor at one of Canada’s leading banks. His vast experience will be instrumental in securing the Tip Network.
- Carolyn JiangCommunity Manager
With experience in managing client relations, Carolyn is social media guru and blockchain enthusiast with deep connections to various cryptocurrency communities.
- Supul AmarookanProduct Manager
Supul has a rich background in product management and information architecture. As Tip, she is the mind behind delivering a seamless and intuitive user experience.
- Hassan QureshiHead of UX Design
Hassan has been a UI/UX designer for last 5 years and has worked on more than 50 applications. He has expertise in photoshop, sketch, webflow and more.
- Yeonsuk KimUX/UI Design Intern
Yeon is a UX/UI designer studying Information science at Cornell University. He brings experience in Sketch, Invision, Principle, and many more.
- Victor GuedesFull Stack Developer
Victor is a versatile developer and blockchain enthusiast with experience in both backend and frontend web technologies. He is a 21-year-old prodigy.
- Ahmad Dewanto Choirul HudaCampaign Manager
Founder of Arteezy Management. Campaign manager with years of experience, handling successful projects including Odem, Realisto, Iagon, Cherr.io, Streamity and more.
- Jasper HellmanMarketing Advisor
A high-performance marketer, Co-Founder and CMO of decentralized mining solutions provider, Envion AG, which raised $100 million in their ICO.
- Benoît MorelliChief Advisor
Benoit is an experienced blockchain advisor, having worked as the Head of Product for the Gimli Project.
- Carl NunezInvestment Advisor
Carl has been a crypto investor several years and has an in-depth knowledge of the cryptocurrency economy and links to other major blockchain projects.
- David SaboToken Advisor
As the former head of global operations at decentralized VC platform, Cofound.it, David has experience helping blockchain startups successfully become high growth companies.
- 1NOV 2017
After research into the usability of cryptocurrencies, the Tip Blockchain team conceived the idea of discovery on the blockchain and its many applications as the catalyst for mass user adoption. An idea was born!
- 2FEB 2018
DEVELOPMENT OF TIP APP PROTOTYPE
The team began working on creating functional prototypes to prove the viability of our platform.
- 3JUN 2018
TIP TOKEN DISTRIBUTION BEGINS
Tip will be holding a token sale as well as bounty programs to distribute our tokens to our community. The seed round will run for 15 days, followed by a 1-week presale, and 4-week crowdsale.
- 4JUL 2018
WALLET AND MESSAGING APP PRIVATE BETA
Members of the Tip community can sign up to check out the platform. Users will be able to find people by username and send TIP via instant messages.
- 5AUG 2018
WALLET AND MESSAGING APP PUBLIC BETA
We will open up beta testing so that more users can get a hands-on experience of using our revolutionary crypto wallet and instant messaging app.
- 6NOV 2018
INSTANT MESSAGING WALLET APP RELEASE
After months of extensive development and testing, the Kasakasa crypto wallet and the instant messaging app will be ready for primetime. Discover users and businesses on the platform, and send crypto using friendly usernames
- 7JAN 2019
CLOSED BETA OF POINT OF SALE SYSTEM
Development and consultation with our business partners culminates in opening up our platform to select businesses, so they can start using the Sika point of sale system to accept crypto payments.
- 8APR 2019
TIP BLOCKCHAIN TESTNET LAUNCH
The messaging and point of sale applications switch over to using the Tip Blockchain testnet. Beta testing will be open to the public to try out our new 3rd gen blockchain.
- 9AUG 2019
RELEASE OF SIKA POINT OF SALE SYSTEM
Merchants all over the world will be able to easily integrate Tip crypto payments into their existing payment flow.
- 10FEB 2020
LAUNCH OF TIP NETWORK MAIN NET
The discovery enabled Tip Network chain goes live. Sika and Kasakasa will be ported over to using the Tip main net and data migrated to IPFS. ERC20 tokens will be swapped for main net tokens at a 1-to-1 rate.