[ANN] [PRE-TOKEN SALE] TontineTrust - The Future of Retirement is Peer to Peer

[joecooin]

[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.

Details about the project can be found on our website

Talk to us in our Telegram group to get the most up-to-date info on the project and upcoming Token Sale

Watch this 2 minute video explaining TontineTrust and Tontines.

Access our Non-Technical Whitepaper here

Join our community on social media

Telegram | Twitter | Medium | Linkedin | Reddit | Facebook

Watch our 2 Minute Explainer Video

Bounty program details to be announced soon.

[sayedtaha]

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

[tondmc]

Hi Sayed,

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

[2weiX]

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!

[joecooin]

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

[tondmc]

I take it these tontines can have just Bitcoin.....growth combined with the tontine effect would be nice!

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.

[SeveralQ]

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)

[tondmc]

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)

[ThomasV]

interesting

[joecooin]

"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

[2weiX]

"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.

[jaminunit]

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

[tondmc]

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

[rijaljun]

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.

[tondmc]

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?

[jaminunit]

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

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

[joecooin]

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.

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 .

[joecooin]

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

Referring to biometrics please see page 22 to 24 of the non-technical whitepaper linked above.

Basically we cannot exclusively rely on biometrics (yet?) and therefor have to use a mix of several identification techniques described there.

[joecooin]

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.

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.

[2weiX]

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.

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?