Frequently Asked Questions About Tipcoin

By abduraman | Tipcoin | 28 Dec 2019

Who are the founders of Tipcoin?

Just me :), Abduraman Blackram. I'm a computer engineer with 15+ years experience. 

Who are the team members of Tipcoin?

Again just me :) for now.

Why is the total supply so high?

Since Tipcoin is a utility coin, I do not want its price to increase so much and to be so volatile. Aside from the promotion Tipcoins (%10 of the total supply), the remaining part will be used mainly to provide liquidity and to keep the market against pump-dump schemes. 

Once I decide that the market is mature enough, I may burn all or most of them. To sum, the coins owned by me will not be used for ICO/IEO/STO or something similar. There is no ICO/IEO/STO.

You say that you will not sell your coins. In that case, how will you earn money?

I will earn money from the commission fees which will come from the management of the tipping service.

Why is Tipcoin based on Incognito Chain?

Tipcoin requires anonymity on the transactions. Currently, to the best of my knowledge, you cannot issue anonymous tokens/coins based on the public chains like ETH, EOS, NEO, TRON etc. easily. On the other hand, the private chains like Monero, ZCash do not support to issue your own tokens/coins yet. Incognito is the first of its own kind (private chain). Besides, Incognito chain has also a decentralized exchange (pDEX). So, we won't have any concerns to be listed on any exchange.

Can I be scammed by you?

No, nearly impossible :) I do not sell anything. This project is completely self-funded. To initiate the supply-demand cycle, I organize an airdrop and list TIP/BUSD (Binance USD) in pDEX at a very low price. I do not suggest to buy a lot of Tipcoins as of now. After the tipping service starts, you can decide whether you will buy Tipcoin or not.



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