For Crypto Connoisseurs
Twistabit is a Smart 2.0 Cryptocurency and Dapp
Twistabit is not just a great cryptocurrency, it's a Decentralized App (Dapp). That means it can be programmed to take on special values and properties by virtue of the full-featured programming language supporting it. It can be a Point, Coin, Coupon, Discount, and more, all at once.
Twistabit Coins (TBC) are designed to increase in value
Twistabit Coins (TBC), like the best Cryptocurrencies, has a limited supply, and are backed by something real. Even better, TBC are only circulated once an initial value has been established, by real Businesses offering to accept TBC for real products and services. The more broadly the coins are accepted, the more their value rises, which of course is the only REAL value of ANY currency.
Twistabit is FREE to signup and FREE to use
Anyone who wants Twistabit coins can signup FREE and use Twistabit FREE. To earn TBC, go to any Twistabit Business and either buy something or navigate around their site, or perform other actions they offer rewards for. You get the TBC rewards they offer, and you can spend them at ANY Twistabit Business, keep them, or (coming later this year) trade them with other Twistabit users. It's pretty simple
Instead of boring you with mountains of technical drawings, white papers, yellow papers, black papers, and references to obscure research, we make it simple.
Twistabit is built on top of one of the most well-known, secure, and capable Blockchains in existence - the Ethereum network. It's open source, highly flexible, and the currency has seen a very nice increase in value over time.
The Ethereum Blockchain is seasoned, has a large community and user base, is listed on the best Crypto exchanges, and has proven itself in many situations. You can read the Ethereum Yellow Paper here, if you're interested.
Twistabit Coins (TBC) have the best traits of the best Cryptocurrencies - limited supply, backing by actual businesses at which they can be redeemed, and extremely fast and low-cost transactions even for very small amounts.
Twistabit is focused on usefulness - TBC are not simply for the sake of saying you have some, they are useful at every Twistabit business, which means every time there is a new Twistabit Business Plan Subscriber (BPS), TBC become more useful and therefore more valuable!
TBC are assigned whenever a business signs up or pays their small monthly subscription fee, and when an Affiliate signs up or claims a business or a friend.
TBC earn their value based on the total number of coins in circulation and the total number of businesses they can be redeemed at.
Twistabit Coins Supply
TBC have a limited total supply, and will never have more. At the outset, TBC are not in circulation, and do not come into circulation until they are assigned based on actual sales of participating BPS and posted to the Ethereum Blockchain. This policy ensures that TBC always have a Floor Redemption Value based on your actual ability to redeem them.
Twistabit TBC are better because Twistabit Coins (TBC) automatically also become Cryptocurrency, and not just any Cryptocurrency.
Twistabit is built on the Ethereum Platform and Blockchain. Ethereum is second-only to BitCoin in name recognition, and it is built to be capable of so much more than just Cryptocurrency.
Ethereum provides developers with a full-featured coding language and the ability to build Decentralized Apps (DAPPs).
In turn, DAPPs give Twistabit the ability to turn ordinary Rewards Points into an outstandingly capable combination of all the different types of rewards/points systems (including ones yet to come), plus a Cryptocurrency.
So TBC can morph into pretty much any sort of rewards you can imagine. We call it Rewards with Superpowers.
What makes Twistabit Coins better?
The basic value of any currency (US Dollars, Japanese Yen, Bitcoin, Ether, all of them) rests on a small number of properties:
- Usability - it can be spent for goods, services, or anything else widely within an economic system. After all, what good is a currency you can't spend?
- Stability - the value is stable, neither increasing or decreasing (or both) too rapidly.
- Well-managed - policies are in place to keep the value stable, changing in a predictable way over time, so everybody's happy.
Twistabit Coins meet these fundamental requirements in a unique way:
- Usability - TBC come into circulation only when the Coins are covered, meaning a participating Twistabit Business Plan Subscriber (BPS) awards them and is willing to redeem them. So every time a BPS participates in Twistabit, that is another business where Twistabit Affiliates can spend their Coins.
- Stability - Twistabit Coins automatically increase slightly in value every time more are brought into circulation. This property means a steady increase in value, unlike USD which steadily decrease in value. At the same time, because they are slightly more expensive, each time more are brought into circulation, less of them become circulated. This has a moderating effect on the increase in value, keeping it stable and predictable.
- Well-managed - The policies referenced in #1 and #2 above are built into the code, and any changes to those policies are designed to increase stability. In effect, the stakeholders of Twistabit (the BPS and Affiliates) control the value of TBC, and have every incentive to maintain the value.
Twistabit Development Timeline
We are following this Timeline, and have completed several steps.
The idea to develop a superior Business Rewards system took shape, and the basic Website architecture was nailed down. Development began.
Concrete steps to form a Business were taken, including forming a corporation and filing a Trademark application
Prelaunch provides Twistabit with more valuable feedback, sparking further iterations of concept and business model.
Full Launch will include marketing effort, and establishment of final business processes and procedures