TAU Coin Exchange Sets Rollout Date – First Chance To Trade In Transactional Cryptobr>
The release of the TAU Exchange has been scheduled for October 18, providing an opportunity to see what the TAU Coin is worth to the public. So far, the company claims 32,000 accounts have been created.
TAU Coin aims to be a transactional cryptocurrency option, with its Proof-of-Transaction (PoT) technology. PoT is unique from Proof-of-Work (PoW) and Proof-of-Stake (PoS) in that transactions are incentivized. Users collectively maintain the network security through everyday economical behavior – transactions measure over one year. In PoT consensus, no advantage is given to accumulating wealth and hardware.
Founder David Wu (iMorpheus) said that, in regards to valuation, “different tribes value time different. I am excited to find out as well.” Tribes are different groups in the TAU community.
The TAU Exchange will only have one coin pair trading option – a TAU/BTC pairing, allowing TAU to be traded for BTC, and vice versa. This will mark the first official opportunity for TAU to be bought, sold, or traded on an exchange.
The TAU Coin community has also taken over the majority of mining/transacting being done on the network. Wu claims less than 20% of mining is being done by the TAU Coin Foundation.
To date, the company claims there have been more than 600,000 transactions on the TAU Coin network.