The Transfer Token has an interesting proposition in the market. The blockchain technology has unlimited use cases. As the technology is still nascent, the use cases of blockchain are still being discovered and explored. One of the most popular use cases of cryptocurrencies is in the field of remittances. Remittances is the sending of money earned abroad by the nationals of a country to the country of origin. However, the international payment gateways are usually complex and expensive and users resort to alternative remittance systems – some of which are illegal.
The advent of the cryptocurrencies and projects like The Transfer Token is expected to facilitate workers in sending their remittances online through a safe and secure payment system.
What is The Transfer Token?
The Transfer Token was built by Atom Solutions on top of the blockchain of Ethereum. Being an ERC-20 token, it enjoys many benefits. Ethereum is the second-largest cryptocurrency in the market and stands unrivalled in terms of security and functionality – things that The Transfer Token is benefitting from. Although it is built on top of Ethereum, the Transfer Token targets a completely different domain.
The cryptocurrency is designed to alter the face of the existing currency exchange and overseas remittances by utilizing blockchain technology. The Transfer Token was designed to provide the most benefits to its users. The fees charged by the network are minimal and has one of the most efficient systems thanks to blockchain technology’s speed. It also has a dividend distribution mechanism where users receive a portion of the fees collected from other users on transactions on a weekly basis, proportionately to their token holdings.
The Transfer Token aims to become the greatest and largest platform for remittances. It offers unparalleled speed and security – desperately needed by the remittance senders.
Future outlook
The unique proposition of the Transfer Token is interesting – to say the least. The cryptocurrency targets a specific niche which has a lot of demand. Moreover, as the world is moving towards digitization, solutions like The Transfer Token are poised to be adopted by the masses. The strong fundamentals and the value proposition of the network gives it a good future potential.
At the time of writing, the TTT token stands at a price level of $13.2. The cryptocurrency had been surging upwards in the recent timeframes. The performance of the token is also a testament to the future potential it carries. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $24 in a year’s time while the five-year projection places the transfer token at $71.
