Bitcoin Forum

[UPDATE: token airdrop is live:
https://blog.tontinetrust.com/tontinetrust-airdrop-campaign-4c5a9d7e02ec]


[update: please note our tontine-style bonus programm for early buyers and holders:
https://blog.tontinetrust.com/the-ton-token-sale-aligning-buyer-incentives-through-holder-bonuses-tontine-style-3908c84e8c15]


TontineTrust is proposing a solution to the current global pension funding crisis

Current centralised pension products such as life annuities deliver low returns mostly caused by the high costs charged by Insurers which act as centralized “guarantors".

TontineTrust is developing a platform which solves the costly central guarantor problem by creating peer-to-peer tontine structures administered by an unbiased, mathematically robust smart-actuary.
 
Our Fully Regulated peer-to-peer tontine issuing ecosystem will deliver:

• 40%+ greater financial benefits to the hundreds of millions of global consumers spending ~$350BN per year on retirement income solutions,
• a utility token which incentivizes IFAs, RIAs & Independent Partners & Advisors to take our no-load tontines to the global marketplace, and
• an un-biased, self-correcting, autonomous smart-actuary which can be trusted to act to in the best interest of the tontine members.

dear all
i wish you all good lock with your project
is there any bounty campaign
i reserve Arabic translation

Hi Sayed,

Arabic translation would be interesting, we understand that Tontines are one of the only naturally Shariah compliant forms of insurance.

Haven't understood that token strategy fully yet but I really really wish you guys success as I do know about tontines and would go for it myself.

Also, it is about time someone takes on the pension funding industry (and wipes out their greedy profits) and offers a reasonable alternative.

I take it these tontines can have just Bitcoin as the underlying asset if one so chooses?
Bitcoin's growth combined with the tontine effect would be nice!

Absolutely.

To be honest the fact that I want exactly that for myself is a big part of my motivation to be involved ;).

Joe

Honestly this is what we keep hearing and I agree 100%. I will personally be in the first Bitcoin Tontine for sure and I can guarantee you that some very high profile Hodlers will be in there also.

Hi everyone! Just added TontineTrust ICO to my website https://concourseq.io/Q/Tontine_Trust. ConcourseQ is a collaborative due dilligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! (PS: Team welcome to add sale details)(edited)

Thanks, that's a really interesting site.

Is it possible you can permission me to edit the profile or all edits must be approved by mods only? (I am tondmc there as well)

interesting

"The first modern commercially available tontine is headed for the marketplace."

https://seekingalpha.com/article/4125086-presenting-new-retirement-solution-financial-advisors-daily-digest?sht=ozkal3&shu=svx8g

Good to see you get some traction in relevant publications.

Do you have any plans to take on partners in distribution so you can be bought side by side with "classical" products?
Would be great to give customers some degree of comparability.

This is really interesting.
How will the orical work to prove death of a participant and insert that info into the smart contract?

Primarily the Smart Actuary (set of Smart Contracts) seeks proof of life (rather than proof of death) by sending notifications to the user requesting regular check-ins using biometric to authenticate members and confirm their "liveness". There are several solutions for this referenced in the whitepaper.

We will also connect to third party oracles which can provide authoritative death notices. There are many projects developing these at the moment but we will also develop our own.

An example would be an oracle that tracks the US Social Security Death Index

Do you think this will be useful one day? In my country, retired people dont care too much about their money, they are mostly want to spend their time with their family.

It was so useful 100 years ago that more than half of ALL households in the US invested the equivalent of $170BN in tontines.

What country are you in?

That makes sence. So what technologies will you be using for oricals (chain link?) and what about the tech behind biometrics?

Well to be honest tontines are only the second best retirement solution.

The most superior one is a loving and caring family with resources willing to take care of the old generation. But unfortunately many people are not that lucky and are not in that situation. And since we cannot create care-taking families with crypto-technology we resorted to re-creating tontines and bringing them back to the market ;).

Yes, there is a reserve in tokens that will be used to initially incentivize distributors to offer the product along with the other products in their portfolio to their customers. After that initial period tontinetrust is going to pay these commissions out of the fees they are taking in.

I imagine that to be interesting moments when the retail customer realizes how competitive tontines are compared to the current products.

Sop let's say my local insurance guy wants to sell these, he's going to have to concern himself with this token, too?

Yes. From the whitepaper I quoted before:


So your local insurance guy has a financial incentive to offer the tontine (amongst other products) that gives him a competitive commission and his customers 30 to 40 percent more revenue. But say you don't even ask the local intermediary and instead buy TON tokens yourself and buy into a tontine:

dear all
here is the Arabic translation of the ANN thread
https://bitcointalk.org/index.php?topic=2435990.new#new

Shukran Sayed

What are your main competitors ? Are there any ready products from you or them ?

No competitors. Yet.

Great article by Retirement Industry Expert William Borton, Managing Principal at W.R. Borton & Associates

To Live Better Longer, you may soon find yourself investing in a tontine - 12/18/2017 11:22 pm ET

"In a tontine, the investors act like their own insurance company, sharing the risk among themselves, saving thousands in annual costs, and allowing the capital to be invested in a sensible spread of investments which have a much better chance of beating inflation.

Over the years, as members of the tontine die off, their share is distributed among the other members in the form of mortality credits. This means that the longer a member lives, the more monthly income they will receive. Talk about a hedge against inflation!

I, for one, am looking forward to seeing what sort of rock-solid product this Gibraltar company will be bringing to our shores next year. I will be watching closely to see if Tontines fulfill their potential to help me and my generation “Live Better, Longer”.

Full article here: https://www.huffingtonpost.com/entry/to-live-better-longer-you-may-soon-find-yourself-investing_us_5a366f56e4b0e1b4472ae739 (https://www.huffingtonpost.com/entry/to-live-better-longer-you-may-soon-find-yourself-investing_us_5a366f56e4b0e1b4472ae739)

You may not have Retirement Income Journal at the top of your morning reading list, and neither do your parents but this is where your parents financial advisors (if they are first class) get all the best information.

They have just covered a major in-depth study of Tontine Trust including carrying out interviews on Tontine Trust with many North American retirement funding industry experts.

While it is very nice to get featured in Cointelegraph etc (hint hint), the normally very conservative US retirement industry is starting to get excited about what we are building. This ultimately is the best the barometer of how successful the Token Sale can be.  ;D ;D

The full article can now be read here: http://retirementincomejournal.com/issue/december-21-2017/article/the-crypto-capitalist-and-his-digital-tontine

For everybody wanting to learn more about tontines (explaining the actual economics of a tontine rather than the crypto / blockchain side) here is an elaborate interview with Richard, our CFA, conducted by Bill Borton from 'Live better longer':

http://www.ustream.tv/recorded/111734986

The video will probably be moved to another URL in a couple of days so I will try to update the link then.

Also Bloomberg has discovered the new old kid on the retirement block:

https://www.bna.com/tontines-meet-blockchain-n73014473005/

TontineTrust with a rating 4.26 out of 5.0 on our ICO list
https://icoholder.com/en/ico/tontinetrust-16159

The ICO and project team has been verified. We interviewed the team members.

Our rating is one of the most objective and rigorous, it is independent and created to assess the investment attractiveness. Rating checks your idea and project for vitality it is based on more than 70 different parameters. We are monitoring the ICOs on daily basis.

Sincerely, ICOholder

Tontines will solve real world problems like this one:

Carillion "has a pension deficit of 580 million pounds". 43.000  people either not going to get their retirement funds OR the taxpayer will have to jump in.

Tontines for the rescue!

https://www.reuters.com/article/us-carillion-restructuring/britains-carillion-collapses-after-banks-pull-the-plug-idUSKBN1F40P0

Interesting and practical project!

What is the difference from Auctus?

Auctus started accepting investor money as a B2B platform.

2 days after TontineTrust finished filing our patents and published our whitepaper, they announced that they were stopping their sale and reviewing their business plan to focus on a more consumer centric proposition. They now seem to be offering some form of hybrid human/robo advisory platform - far removed from their original concept and if it will change yet again who knows?

The project is interesting, it is worth paying attention to for detailed study. How soon do you plan to open the sale of tokens?

Hi, currently the private pre-sale is underway. It is anticipated that the public pre-sale will start mid February to be followed by the Token Sale. If you register to the subscriber list at www.tontinetrust.com you will be emailed the sale dates and terms as soon as they are released.
 :)

Thank you for sharing informatin. Are you team?
Pension scheme is changing?

Hi - yes I am a team member.

To clarify WE have not changes our vision or project in any way. I was referring to Auctus Project, who changed their white paper and business plan shortly after closing their token sale.

Any updates on your bounty program?

Hi, we are not planning a traditional country campaign or "airdrop" but have a truly innovate way of rewarding our early supporters that I think will lave you very happy. Details are due to be released very soon along with pre-sale dates  :)

That sounds good! :) :)

I dont like airdrop campaign and bouty program.

Telegram or Bitcoinforum should be kept clean against spammers.



However, to be honest,  I cannot imagine how you can do it without existing ones. ??? ??? ???


Who can invent it in your team?


It's very interesting, but challenging.

Please let us know what you think about our tontine-style bonus strategy for early buyers and holders:

https://blog.tontinetrust.com/the-ton-token-sale-aligning-buyer-incentives-through-holder-bonuses-tontine-style-3908c84e8c15

TLDR: We are rewarding early buyers of our TON Tokens not using discounts, but using substantial bonuses that are paid out on a monthly basis to Holders. If anyone sells, they forfeit remaining bonuses which then get shared amongst the remaining Holders, increasing their bonuses dramatically.

Hello, it's my impression.

It was really interesting article, and attractive.

Frankly, I cannot judge the validity. perhaps, no one can.

We have no choice but to test it by practice.


Because it looks too profitable story, I thought it might be ponzi scheme.

But I think it cannot be understood by anyone including organizers.


In my conclusion as of now, I will contribute to it to verify the coming fact by myself.



ps:
The small population of the thread and telegram mind me a little.

It seems that legacy media picked up the project, but it's not important for me, for sale, for project.

Team and I have to make a good holders club day by day, step by step.

pls, 100% bonus is unfair and conceives failure risk.

It's obviously disadvantage not only for late stage contributor, but also organizer's sell at late stage as a results.

The bonus angle of trustworthy ICOs is very gentle. They deliberately  handle even 5% bonus, the max is about 20%.

You really need to understand how the bonus is structured.

It perfectly explains the product itself

We have just started adding tasks to a bounty program. Go ahead and register to see the bounties. More coming soon

I was wondering where I can see your bounty program.

Register on https://tontinetrust.com to check for Airdrop tasks as they are added.

I see. Thanks!

Tontinetrust token airdrop just went live:

https://blog.tontinetrust.com/tontinetrust-airdrop-campaign-4c5a9d7e02ec

GOOD

I Join! The project promises to be interesting and new! I wish that he would develop further!

Thanks guys, let's get the word out

Hi all! I've just found SWOT-analysis of this project. Does it seem realistic, how do you think?
http://swot.digrate.com/report/2a0b7c9f-c58e-45ee-8f8f-46081037678b

Jon Matonis talks about TontineTrust Project @ Crypto+ Summit Zurich March 27, 2018
https://youtu.be/ysqaqQ91Obc (https://youtu.be/ysqaqQ91Obc)

nice job

In answer to those questions we often get about Tontines and how they really can cover longevity risk without expensive guarantees check out this week's blog post by CIO Richard Fullmer on SwissAir and its "Accidental Tontine"

https://blog.tontinetrust.com/tontinetrust-blog-post-of-the-week-3-ce94b958b47f

Just ahead of the start of the presale, beginning on the 23rd April, we have some great news to share.
TontineTrust's TON token has been authorized by https:/Stellarterm.com (http://https:/Stellarterm.com), meaning that the TON has its first official exchange listing!
https://i.imgur.com/8gJog9c.jpg

TontineTrust is developing a blockchain based, community driven retirement funding platform which removes the cost layers involved in traditional longevity risk solutions such as life-annuities.

Hey! Does your project have ratings from any rating agencies? We have briefly studied your project and offer you our services, including the SWOT analysis of your project, basic or deep evaluation of the ICO and all project's aspects and assistance in road shows organization, including private meetings with investors. The good news is that we have discounts for all our services till the end of July.

Regards, Digital Rating Agency team

The Tontine platform is powered by TON Tokens or just TON$, a new digital currency which rewards partners & financial advisors for helping the platform grow its assets & reach new markets.

this is what I am looking for Platform which solves the costly central guarantor problem by creating peer-to-peer platform structures administered by an unbiased, mathematically robust smart-actuary.

Good luck

TontineTrust (TON) is already rated by Cryptolaboratory. All facts are here (https://ico-analytics.global/content/tontinetrust-ton). Don't miss it!