Bitcoin and the digitalisation
If Bitcoin is the internet then Tokens are websites that reflect the entity in a digital format. As we enter this stage of the innovation cycle it feels like 1998 as everyone was just getting their first email addresses and sitting in internet cafes to surf the world wide web! These were exciting times and before this as we look back to the early 90’s which were closer in culture to the 1950’s then to now as we think of those times as Pre-Internet but Post Digitalisation. The music industry was the first to really be affected by digitalisation as the industry was decentralised pretty much over night. Bedroom studios popped up overnight to allow for a whole new rave culture and an eventual whole music industry to emerge which finally resulted in the smart technology we hold in our hands today. What is next?
The TOBA website which went live on the 5th November 2019 and is ‘not’ so unique in the way that it ‘only’ accepts Bitcoin (BTC) or Bitcoin Cash(BCH) in return for its specialist products namely BH electric bikes.
What is unique however is that from Mid December only 6 weeks after Genesis the TOBA token will be able to be used upon checkout to swap digital tokens for products on our website. If the customer chooses to pay with TOBA tokens then they will receive a 10% discount off the listed price on the website allowing for the token to be used in its own eco-system and therefore creating a network effect based on exchange. The token then allows for a multitude of innovations to occur through smart applications. As you ‘sync’ an electric bike with a smartphone application and a digital wallet the scope of the project becomes endless as the bike becomes a business the bike become a bank.
So for example if you now imagine we dropped 3x electric bikes in a new remote territory with an internet signal the individual bike becomes a bank and a business allowing the customer to create their own network to sell the bikes with a QR code referral, to service the bikes and to offer your cycles services as a mode of transport or a self employed courier in a built up area that earns toba tokens for deliveries within the local community on their own network. Connecting future TOBA-T owners with the open market with an option of listing their services locally on the network and simply flicking a switch to go to work on their bike. The inspiration for this addition to the application was from watching Gojek in indonesia which is one of my all time favourite applications where we see an economy transformed through a single application. This single application allowed customers to connect with the community as service providers with users allowing all services to be delivered such as food, Pharmaceutical supplies, Drinks(late at night) and stationary are all delivered efficiently through the Gojek application.
This is a project and a business that will be dictated by the technology available at this moment in time. The technology today is built on the Simple Ledger Protocol which allows us seamlessly to create a token as secure as Bitcoin Cash itself, list this on the free market to determine price discovery then accept those tokens against the products and services that we sell as a business and account for accordingly as a UK company pushing the boundaries to enable a proof of concept that others can follow. We are supported by some very forward thinking partners and grateful for the time and effort that all these parties have contributed over the last 24 months . Within the next 10 years we believe tokens will be as prevalent to business as websites are today.
However, with all these exciting post developments we must not lose sight of today’s task, which is to sell electric bikes for delivery worldwide then accept our own TOBA token in exchange for products. Everytime a customer buys a bike they are introduced to the network with a gift of 10 TOBA tokens these can be received today in any Badger or Electron Cash wallet as we develop our own cycle application. This will be like any other cycle app but will also have its own SLP wallet attached allowing for our customers to be rewarded for the distance that they travel. Imagine that, receiving rewards just for using your bike and there for contributing to the network. Until the ‘Grand halving’ this will give the rider 10 tokens for every 100 miles achieved on our own model TOBA-T where details will be released over the coming months. 11.5M Tokens are locked away and will be issued as rewards for either buying a bike or using a bike these can then be exchanged on the Cryptophyl exchange for other digital assets such as ‘Spice’ or used directly on our website or application to exchange for services on the network. The other 11.5M tokens are distributed only in strict correlation to what products are deliverable within a 60 day period of time on the Cryptophyl exchange. The new digital market runs 24 hours a day 365 days a year across the world as we look to service a global market and deliver our own models world wide and open up a world of electric bikes and cryptocurrency to all of our customers to benefit from. The experience of electric bikes is like no other as it reduces the barriers to entries of cycling in most climates and offers a freedom of transport that you cannot describe you have to try. The same goes for cryptocurrency as it provides a financial freedom that promotes a free market
