The Directors & Management aim to keep stakeholders updated, as far as legally & contractually possible, on the material ongoings of the company and wider TokenCommunities Group ("TCG") business activity. Due to commercial confidentiality and potential counter party requests our updates may be subject to time delay, but we endeavour to be as transparent as commercially possible.
TCL can today announce that it has signed an agreement to invest in VN3T, which is developing an innovative blockchain software for the growing data market. As a third party solution, VN3T will enable businesses to monetise the large amounts of data produced by their everyday operations, over 90% of which is currently untapped value.
Given the recent media coverage of the Cambridge Analytica scandal and the further investigation into Facebook’s privacy structure, TCL believes that the future of this emerging data market will be determined by companies such as VN3T with a focus on the protection of personal data, as well as rights of data owners, producers and consumers.
TCL is pleased to announce the signing of a new client, Simply Baba Jaan’s, and the commencement of work on their white paper. Baba Jaan’s will launch as a new line of high-tech and modern eateries, that combine the latest blockchain technologies with Punjabi cuisine and the successful business model of other gourmet fast-food chains.
A proprietary utility token will enable customers to eat-in, order deliveries and purchase products from a variety of retailers across the United Kingdom and Europe. As the adoption of blockchain and cryptocurrency becomes more widespread, service providers across the food & beverage industry will be forced to adapt for survival. The integration of crypto payment gateways and supply chain solutions for transparency will become industry standards in the future and Baba Jaan’s will be ahead of the curve.
TCL has signed an agreement to assist Fast Telecom in the drafting of a white paper for their new Fast Token. By incorporating blockchain technology with the well-established telecom and electronics business in Dubai, the Fast Token will revolutionise the way in which consumers connect with each other around the world.
The use of smart contracts will maximise efficiency between distributors and service providers, while an underlying blockchain will store all transactions in an auditable, immutable and transparent manner so that consumers can see exactly what they pay for.
The use of artificial intelligence and IoT technology has drastically altered the way in which we use our electronic devices. But given the cryptographic nature of blockchain systems and the technological advancement their discovery represents, TCL believes that telecommunications as an industry has the greatest potential to benefit from integrating these systems into their business models.
TCL announce the finalisation of a binding term sheet to acquire Xtreme Equity Fund (“XEF”). XEF is incorporated in the Cayman Islands and is to be a tax efficient holding vehicle for an investment portfolio across the media, technology and telecommunication industries.
TCG believes that the tokenisation of data and media content is going to revolutionise these industries so it aims to invest and assist a portfolio of existing telecommunications companies and content distributers entering the crypto space. The trusted environments made possible by blockchain across distributed networks will combat fraudulent behaviour and infringement of IP rights by recording transactions in an auditable and immutable digital ledger. The additional market value created by incorporating this new disruptive technology represents hundreds of billions of dollars and TCG has recognised that current market leaders will need to adapt for survival.
Further details will be announced upon closing of the acquisition as well as details of a portfolio of target companies for which XEF already holds options to purchase.
TCG aims to be a sector leader in the acceptability and positive development of tokens and coins. In particular, the discussions surrounding classification of tokens (e.g. into security or utility) are subsidiary to the vast potential that a fully compliant, tradeable token will bring. Tokens that are hard collateral backed will have more value durability than those that are not. To this end, TCG have commenced a program of focused token development whereby hard, freely tradeable commodities such as gold, platinum, lithium, cobalt and graphite are utilised as fixed collateral to tokens.
TCG shares in the profit generated by the issue of such commodity coins as well as assisting clients companies with advice, assistance in drafting white papers and coin placement.