[ANN] [ICO] 2GETHER - THE FIRST EUROPEAN CRYPTO CARD

[Nat77777]

The white paper mentions “rounding up” purchases (presumably up to the nearest Euro) with the user being able to route the rounded up amount elsewhere, such as a “crypto trading account.” Do you know what exchanges will be available to send this round up? Is this achieved via an exchange integration/API, or an exchange wallet address?

[2gether]

I see the list of cryptos that will be in the EU beta release. Do you have any prioritization on what coins/tokens will be added to the Live Release?  How many coins to your eventually see supporting in the app, from more of a long term view?

We will consult our community to decide which coins and tokens will be added in the future

Oh that’s great and the ideal in my opinion. I recall that the white paper making general mention of “one user = one vote.”  So would token adds fall into this voting mechanism? Will voting be done within the app?
Thanks.

Yes, we'll be following the "1 user = 1 vote" system involving such additions and integrations. Voting will be done through the app, but that might change as we work to give our community members the best and most convenient voting platform possible!

[2gether]

Does the app have the ability to add “watch only addresses” - for example, an ETH wallet for which I have the private keys but want to have an easy way to monitor the holdings via the app as part of my overall financial portfolio. If this is not on the roadmap is it something 2gether would consider?

Absolutely, we'd love to add that feature (and any other features) if the community deems it worthy!

[2gether]

Talking about the contextual marketplace, I've read in Tokenomics paper that "product and service suppliers include fintechs, banks and insurance companies" and in the whitepaper that we will be able to "acquire, exchange, and sell non-financial assets (e.g. electricity, data, telephone minutes, knowledge) relevant to the users’ personal economy as if they were money".

I know the platform is in its very early stages, but, after getting 400k users, when 2gether's marketplace started, every user could offer services and products in the app with 1 or 2 clicks only or suppliers will need to assign or pass through a screening to assure the existence of their services or products?

Suppliers would have to pass a screening to assure the existence of their services — all for the sake of the security of our community.

[Nat77777]

Another question - In the white paper I see that users will “enjoy benefits according to the amount of 2GT tokens held…”  Can you elaborate or provide an example of the benefits?  Im also curious for team thoughts on how much effect the benefits will impact holding behavior (and in turn, token velocity).

[treslebres]

Talking about the contextual marketplace, I've read in Tokenomics paper that "product and service suppliers include fintechs, banks and insurance companies" and in the whitepaper that we will be able to "acquire, exchange, and sell non-financial assets (e.g. electricity, data, telephone minutes, knowledge) relevant to the users’ personal economy as if they were money".

I know the platform is in its very early stages, but, after getting 400k users, when 2gether's marketplace started, every user could offer services and products in the app with 1 or 2 clicks only or suppliers will need to assign or pass through a screening to assure the existence of their services or products?

Suppliers would have to pass a screening to assure the existence of their services — all for the sake of the security of our community.

However, how could an user "acquire, exchange, and sell non-financial assets (e.g. electricity, data, telephone minutes, knowledge) relevant to the users’ personal economy as if they were money" if it won't be easy as make 1 or 2 clicks only in the app? Are the products and services meant to be traded between users?

[m2pt8]

my understanding is that the card will automatically convert my digital coins in FIAT to complete a payment using AI, is this correct? is it working fine? and if it is working, will I be able to select the cryptocurrency's that I would like to use? for example I might want to use BTC and ETH but I don't want to touch XRP, so will I be able to select only the ones I want to spend?

[2gether]

my understanding is that the card will automatically convert my digital coins in FIAT to complete a payment using AI, is this correct? is it working fine? and if it is working, will I be able to select the cryptocurrency's that I would like to use? for example I might want to use BTC and ETH but I don't want to touch XRP, so will I be able to select only the ones I want to spend?

Sorry that your last question got deleted! the card will automatically convert your digital assets in to FIAT. It's working great and you'll have freedom of choice when making payments. check out the links below to see a visual representation — Links to Video: Twitter, LinkedIn, Facebook

[2gether]

Talking about the contextual marketplace, I've read in Tokenomics paper that "product and service suppliers include fintechs, banks and insurance companies" and in the whitepaper that we will be able to "acquire, exchange, and sell non-financial assets (e.g. electricity, data, telephone minutes, knowledge) relevant to the users’ personal economy as if they were money".

I know the platform is in its very early stages, but, after getting 400k users, when 2gether's marketplace started, every user could offer services and products in the app with 1 or 2 clicks only or suppliers will need to assign or pass through a screening to assure the existence of their services or products?

Suppliers would have to pass a screening to assure the existence of their services — all for the sake of the security of our community.

However, how could an user "acquire, exchange, and sell non-financial assets (e.g. electricity, data, telephone minutes, knowledge) relevant to the users’ personal economy as if they were money" if it won't be easy as make 1 or 2 clicks only in the app? Are the products and services meant to be traded between users?

The way a user can acquire, exchange, and sell non-financial assets will be through tokenization. We'll link real assets to its digital representation (in token form) with corresponding modules (proof of reserve, taxes, pricing, business rules, etc). The user will be able to redeem the token through 2gether. Imagine a Telco company that tokenizes gigbytes. For example, we will create a Telco coin which values 1 gb. The user will buy gbs and, instead of paying the Telco in EURs, he/she will pay using the Telco coin based on consumption.

For another example involving gasoline, a user pre-buys liters of gasoline and pays at the gas station with 2gether. At our Authorization Center, we receive the request that the user wants to pay 50 EUR worth of gasoline and we detect that the user pre-bought liters of gasoline and, instead of taking EUR from the user's account, we take the equivalent in the "gas" coin (with each coin equalling 1 liter of gas).

Through 2gether, you will also be able to exchange an excess of gasoline with a user that has an excess of kilowatts. We will have exchange rates between liters and EUR, and between kilowatts and EUR so that we can calculate liters/kilowatts in real time — making the exchange possible.

The basic idea is that instead of having the token EUR, which represents everything, users will have real asset-backed tokens (1 gas coin = 1 liter of gasoline)

[2gether]

The white paper mentions “rounding up” purchases (presumably up to the nearest Euro) with the user being able to route the rounded up amount elsewhere, such as a “crypto trading account.” Do you know what exchanges will be available to send this round up? Is this achieved via an exchange integration/API, or an exchange wallet address?

The rounded up amount can be routed to wherever the user wants; be it a crypto trading account, an escrow account, or to an NGO.

[2gether]

Another question - In the white paper I see that users will “enjoy benefits according to the amount of 2GT tokens held…”  Can you elaborate or provide an example of the benefits?  Im also curious for team thoughts on how much effect the benefits will impact holding behavior (and in turn, token velocity).

For now they havent been finalized, but the benefits will be represented by service benefits within the app, as well as some aesthetic upgrades. Ultimately though, the benefits for the users will evolve based on the wants and needs of our community.

[wirenos]

Hello admin, interesting proj but i have one important question - how can you guarantee that my funds and data will be confidential?

[treslebres]

One of 2gether's slogans is "Become a customer and owner for just €10 and participate in 2gether’s presale".

In whitepaper, however, we can find the following legal disclosure "The 2GT Token does not entitle a Tokenholder to participate, whether directly or indirectly, in the capital of the Company, to vote or receive dividends, distribution, disbursement or interest payment, or be deemed the holder of capital stock, shares, or similar equity related or other rights (including debt) of any kind whatsoever of the Company for any purpose, nor will anything contained herein be construed to confer on the Tokenholder, as such, any of the rights of an equity or debt holder of the Company [...]" and so on.

"Users will be able to participate in 2gether’s collaborative model and receive real-time 2GT rewards every time they make a transaction within the following areas: contextual marketplace, data permissions, tailored marketing, and new economy solutions (tokenization)".

Members, among other benefits, can decide:
"-   Users will be able to vote on relevant matters related to product, price, etc. (e.g. 2gether’s next product, new card design, etc.)
-   Each user will have one vote"


Question: saying that users can be owners by investing in 2GT but don't giving tokenholder rights wouldn't be misleading advertisement? See, when I'm invited to be minority owner in a company, I want to have participation in the profits, or, if not, at least my vote to be equivalent to the number of shares I have.

I understand and really appreciate 2gether's collaborative model and the areas the app will cover could disrupt the way we think our data and daily banking solutions, but I think it would be clearer to state that the collaborative model implies cashback and rewards only not ownership per se.

Please, show me where I'm not understanding the meaning of the slogan.

[joalated]

Hello admin, interesting proj but i have one important question - how can you guarantee that my funds and data will be confidential?

There are a lot of scammers in the financial sector of ICO because they dont need to confirm the existence of the company in real life. It seems to me that your data will be safe thanks to the blockchain, if I'm not mistaken 

[treslebres]

The way a user can acquire, exchange, and sell non-financial assets will be through tokenization. We'll link real assets to its digital representation (in token form) with corresponding modules (proof of reserve, taxes, pricing, business rules, etc). The user will be able to redeem the token through 2gether. Imagine a Telco company that tokenizes gigbytes. For example, we will create a Telco coin which values 1 gb. The user will buy gbs and, instead of paying the Telco in EURs, he/she will pay using the Telco coin based on consumption.

For another example involving gasoline, a user pre-buys liters of gasoline and pays at the gas station with 2gether. At our Authorization Center, we receive the request that the user wants to pay 50 EUR worth of gasoline and we detect that the user pre-bought liters of gasoline and, instead of taking EUR from the user's account, we take the equivalent in the "gas" coin (with each coin equalling 1 liter of gas).

Through 2gether, you will also be able to exchange an excess of gasoline with a user that has an excess of kilowatts. We will have exchange rates between liters and EUR, and between kilowatts and EUR so that we can calculate liters/kilowatts in real time — making the exchange possible.

The basic idea is that instead of having the token EUR, which represents everything, users will have real asset-backed tokens (1 gas coin = 1 liter of gasoline)

Nice! It's an amazing tool IMO. Thanks for the reply, now I have a better understanding of the contextual marketplace. More questions coming!

[joalated]

Also... Why do you think that intrinsic value of 2GT responds to the fundamentals of the quantity theory of money? Maybe it is  simply comfortable for you to calculate using this formula?

[2gether]

Hello admin, interesting proj but i have one important question - how can you guarantee that my funds and data will be confidential?

Hi, this is a copy-and-paste from our FAQ section, but it's one of the more comprehensive answers available:

Protecting our customers' information and privacy is extremely important to us. 2gether has implemented all the security measures required by the European and Spanish legislation for the level of risk of the personal data processed.

We have a Security Document in which we collect all the technical and organizational measures for the protection of personal data. Likewise, in our Treatment Registry we collect the treatments that are done on personal data of users. We have a Data Protection Delegate with whom you can contact by sending an email to: dataprotection@2gether.global

Regarding your funds:

Your funds are managed by an Electronic Money Institution, which is regulated under directive 2009/110 of the European Commission. EMIs can't invest or lend deposited funds, and must always keep them available for the funds' owners. Only the customer can order outflows or inflows of their capital.

[Nat77777]

I like the idea of getting rewarded for sharing my personal data to receive customized marketing offers that are actually a good fit for me.  Can you elaborate on how my data is shared with a 3rd party making an offer?  For example, is my specific info only shared if I accept an offer?  Does the personal data otherwise reside 100% within 2gether?

[o48o]

Seems interesting, and i am always for more crypto cards because the competition raises the quality bar. I have to take tokenomics and white paper with me tomorrow, so i can study more. I am guessing that you are answering the possible questions in this thread?

[atlervcik]

CEO used worked at Monitor Deloitte. Coindesk has published an article about you. Not bad. It is just that I have not found how many IOS installs there are? Google play shows 1000+.