Tagbond is a startup trying to change a few things in the membership and rewards sector. As part of the TagBond idea, we wanted to create a universal rewards currency that could be used everywhere and by everyone, and is specifically created with the rewards market in mind. A coin that itself would earn rewards. So we have created TagCoin.
About Tagbond and TagCashTagbond itself is a mixture of ideas from Multiply, Google Adsense, Groupon and Paypal. Anyone can create a community, and add marketing modules to promote on Tagbond itself, or via Facebook and other sites. These modules are called tagverts, which include coupons, prize draws, polls/surveys, mini shopping carts, loyalty cards, competitions and more. They can include rewards for the customer such as membership upgrades, points, real cash and crypto currency, and can include affiliate payments to anyone who wants to share them. RFID, NFC and QR codes are used throughout the system. Tagbond will help crypto to be used as a currency not just a commodity.
Alongside Tagbond.com we are creating TagCash.com which will be a payment platform offering fiat and crypto currency, featuring ewallets, currency conversion, merchant processing, micro payments and escrow.
Mobile applications are under development for all parts of the system, and there is a full API for anyone to integrate with mobile apps and websites.
Finally, we will be launching Tagcash.net which is a crypto exchange. We will be taking in most major currencies, and enable fiat/crypto trading pairs in most of them, including TagCoin. There will be no charges within the system - fees are $15 to deposit wire transfers and $25 to transfer out.
About The Developerhttp://www.crunchbase.com/person/mark-vernon-2All of these companies operate from Makati, Philippines, which is a major finance center in Asia. They are wholly owned by Mark Vernon, a veteran of internet business, who owns vtc.com (online software video training since 1996 and currently valued at around $15m USD), iplotz.com and eduslide.com. He is both startup founder and angel investor and is investing approximately $5m USD into the enterprise. The aim of the entire company is to be open and transparent, while also working with banks and central authorities to make this work.
Tagbond is registered with Fincen, and is working with the Bangko Sentral to become a licensed money issuer (which requires $2.5m paid up capital). Banking partners are Standard Chartered Bank and Union Bank. Tagbond and Tagcash will work with other partners as needed for licensing in Europe, USA and other countries.
About TagCoinTagCoin will be the primary currency used within Tagbond and TagCash. We designed TagCoin with the following objectives in mind:
Fairness - Difficulty will start out at a reasonable value so no one can get an unfair advantage
Sustainability - Parameters have been chosen such that TagCoin can survive well into the future
Services - Tagbond and TagCash are just the start of the ecosystem that will we be building around TagCoin
Transparency - Open Conversation and discussion with the founders and staff within Tagbond
A little bit about the parameters we've chosen. 4 minutes between blocks is a happy medium between speed and sustainability. Faster coins will run into many problems down the line, the least of which is blockchain bloat. As we intend to support TagCoin for many years to come, these are big issues.
Subsidy reduction has been rethought. Halving every X amount of blocks, like Bitcoin, is very unnatural and "shocks" the market every halving. Accordingly, we've decided to introduce a more natural reduction formula for Tagcoin. The subsidy will reduce by 1% every 3 months for the life of the coin. Additionally, there is a minimum block reward of 3 set in place, as to always encourage mining. Sustaining mining solely on fees is problematic; Bitcoin will have to deal with this somewhere down the line, but Tagcoin will not. Less than 100 million coins will be generated in the first 30 years before this minimum block reward has been reached.
Twelve retargets per day with a maximum swing in either direction of 25% will ensure that difficulty never stalls due to multipool influence. Many coins have had to issue a hardfork for this, so we'll just address it right out of the gates.
Approximately 300 blocks have been premined for the purposes of giveaway and promotion through Tagbond, and TagCash, and this forum.
Starting difficulty of 0.5 was chosen to ensure a fair launch with no instamine.
Technical SpecificationsStarting difficulty: 0.5
Pow/PoS hybrid (1.5% yearly interest, PoS blocks generated after 30 days of coin age)
Algorithm: Scrypt
Coins per block: 30
PoW Subsidy reduction: 1% every 3 months, minimum reward of 3 coins
Time between blocks: 4 minutes
Retarget: Every 2 hours, with a 25% limit in either direction
Network Port: 8623
RPC Port: 9624
If your client stops loading at Block 500, please restart it.
Get TagCoin (v 1.01)Windows Client:
http://tagcoin.org/tagcoin-qt.zipMac OS X Client:
http://tagcoin.org/TagCoin-Mac.zipUbuntu Client:
http://tagcoin.org/tagcoin-qt-ubuntu.zipSource Code:
http://tagcoin.org/tagcoin-master.zipGit:
https://github.com/tagcoinTagbond Main App (Beta):
http://tagcoin.org/Tagbondapk58.apkPoolshttp://tag.cryptominer.nethttps://coinex.pwhttp://tag.minar.cchttp://tag.scryptmining.comhttp://www.miningpool.cohttp://tag.botpool.nethttp://tagcoin.bounceme.nethttp://tag.hashfaster.com/Exchangeshttps://coinex.pw/trade/tag_btchttps://bter.com/trade/tag_btchttps://www.cryptsy.com/markets/view/117Block Explorer (temporary)http://florinexchange.com/tagexplorer/Giveaways / ReferralsRegister at
http://tagbond.com, take note of your ID number (eg:
http://tagbond.com/1 is mine, as my ID is 1), then share that link You can do this manually, or you can use the share link on your account to post to Facebook, other sites, email etc, or you can invite people via the contacts section).
When someone registers their own account through that link (and confirms their email and mobile SMS verify), you get 1 TAG transferred to the Web Wallet in our system, and when our TagCash Exchange Server is up and running you can transfer out to your own TagCoin client, or start using it within the Tagbond platform. However, if you don't want to wait till then, PM me (or email me) with your Tagbond ID, PIN and your address to send to, and I can do it manually.
http://twitter.com/tagcoinhttp://facebook.com/tagcoin