Verified T$ Market Partnership

Nevik

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Nevik

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OK, when ?
Its to be announced. It seems like @Rasputin is still polishing the whole process, but it should be made available to everyone soon. Again, as he said in the post this is just the rough details and more information is coming soon.
 
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avresthacker

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Its to be announced. It seems like @Rasputin is still polishing the whole process, but it should be made available to everyone soon. Again, as he said in the post this is just the rough details and more information is coming soon.
ok thankyou
 

Blaziken

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Its to be announced. It seems like @Rasputin is still polishing the whole process, but it should be made available to everyone soon. Again, as he said in the post this is just the rough details and more information is coming soon.
I feel like this breaks PayPals TOS, Exchanging Paypal Money for another currency backed by a different site.
 
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Nevik

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I feel like this breaks PayPals TOS, Exchanging Paypal Money for another currency backed by a different site.
"Paypal money" is just USD, and we arnt "exchanging" it for another currency , we would be buying a form of insurance that is represented by points.
 

gurpreet

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Sounds interesting, hope this reduces the amount of scams on tbn.
 

Blaziken

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"Paypal money" is just USD, and we arnt "exchanging" it for another currency , we would be buying a form of insurance that is represented by points.
but thats not how insurance works... Vthanks is obviously a currency backed by tbn.
 

TMS

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Instead, why not sell insurance for T$? Like pay 30 t$ per $1 spent that way if you're scammed tbn will pay lost money
 

elitis

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Interesting. Lets see where this goes.
 

KodyisKing

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Verified T$ Market Partnership
Current Plan:
  • Buyers and Sellers deposit a self-determined amount of $USD to a collective pool.
  • The Market Partnership converts that USD into T$ credits which are then added to a credit ledger.
  • Being a part of the Market Partnership allows users to buy and sell verified and insured products with their T$ credits.
  • When the user's period is up, they may convert their remaining T$ into $USD upto the amount that they initially bought in + 95% of all earnings they made in the T$ Marketplace.
verified products will be sold by any members who have received verification for their product based on a chart of requirements to be a verified sale.

some of the items that will be able to sell quickly with T$: Cryptocurrencys, VCC's, Guides, Graphics, Quick Script Work, $1 Amazon Reviews, Currency Trade, Gift Cards.

With this method, we can greatly increase the amount of trade on TBN. As T$ are so much easier to use and refund. They also give Partnership Staff a period of time where they are able to reverse a transaction.

Other benefits:
  • Escrow Service/Scam Resistant
  • The Seller is assured that buyer pays $usd.
  • The buyer is assured that the Trade will be reversed if seller is scamming. (Forced Reverse)
  • Wait period when people want to cash out their T$. We can verify their transactions and make sure everything is ok. Of course unless another member wants to vouch and just buy their verified T$ for USD themselves
  • Business mistakes are not bannable, just fines
  • Liquid pool collected can be converted into a number of monetary assets for sale on TBN by Staff themselves.
  • Imagine wanting a pizza and being able to donate 100 T$ at the click of a button to get a dominos pizza code.
  • -Not Mandatory
Likely methods of buying into Verified T$ Marketplace:
  • Payment Gateways.
  • Oldschool/Coldschool mortgage
  • Giftcard Codes deposit
  • Forum T$ to Verified T$ Enrichment Program
  • Cryptocurrencies
Insured Seller (will contain a link to public ledger)
HvL9ZyE.png

Verified T$ (can use these vT$ like hotcakes $USD with verified sellers)

These are rough details.
Other details coming soon.

How can i get this Verified thing. With my AGC thread where i sell AGC link here : http://thebot.net/threads/tacos-amazon-gc-shop.279318/
 

BrizTBN

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what about bitcoin??....talking about purchasing
 

Rasputin

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Seller Insurance
500 T$
So who holds the money from this when converted to vT$?
well. database will keep track of payments in and out of seperate accounts.

We will have multiple types of value stored, Paypal USD, BTC, other cryptos and assets.