What is TigerCash? TigerCash (TCH) is an Ethereum-based cryptocurrency released by the crypto exchange named CoinTiger. As Kriptokoin.com, we will examine TigerCash in this article. However, we will also answer questions such as what is TigerCash, what is TCH, and how to buy it, which is the subject of curiosity among investors. Now let’s examine this crypto money, which is among the stock market tokens, together.
What is TigerCash?
Tiger Cash (TCH) is a cryptocurrency built on the Ethereum network. This cryptocurrency works in a completely decentralized way. In addition, it was launched by CoinTiger, one of the leading cryptocurrency exchanges. Accordingly, the asset is an exchange token. CoinTiger has several use cases. In other words, it provides its owners with advantages, features and use cases within the exchange platform. It was officially introduced on November 15, 2017, with a total supply of 1.05 billion. However, the token has its own burning mechanism. Since launch, 50 million TCH has been bought back and burned from the secondary market.
Currently, a total of 1 billion tokens are in the market, which can be viewed via the Blockchain browser. However, there are some advantages to holding cryptocurrencies. Accordingly, the cryptocurrency exchange CoinTiger issues stocks to token holders. This means that holding the asset can be extremely profitable. For those who don’t know, CoinTiger is currently among the industry’s leading global exchanges.
What does TCH do?
With a circulating supply of 1 billion tokens, TigerCash has a regular burning mechanism, meaning it is a deflationary token. This means that the value of the asset may increase as time goes on as the supply decreases. However, TCH is built on Ethereum with the ERC-20 smart contract. This greatly increases the accessibility and storability of cryptocurrencies. Users who currently hold the token become stake holders on the CoinTiger exchange. CoinTiger distributes 50% of its net profit every year among all token holders.
However, the remaining 50% is used for the development of TCH. While the exchange distributes 50% of its profits to its users, it uses the remaining 50% to buy and burn circulating TCHs. However, users holding 1% of TCH in the market can apply to CoinTiger Singapore Company for shareholder change registration. Holders of cryptocurrencies also have a say in the platform, depending on the amount of TCH they hold. This makes it possible to achieve decentralized governance.
What is TigerCash? How to get TCH?
TigerCash is currently listed on its own platform, CoinTiger. The asset can only be bought and sold on this exchange at present. Therefore, interested investors must have access to CoinTiger.
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