TRUSTPAY TOKEN (TPH)
TRUSTPAY TOKEN (TPH) is a token issued by VNDC Holding Pte. Ltd. (VNDC Holding), representing 30% of TRUSTPAY Group's shares owned by VNDC Holding.
A total of 30,000,000 TPH tokens will be issued on KardiaChain, complying with KRC20 token standard. In which, 5,000,000 TPH will be initially offered on VNDC Wallet Pro's Launchpad feature.
TPH token reflects the value of TRUSTPAY Group's business activities, and investors holding a certain number of tokens are entitles to dividends, benefits and rights of shareholders, with VNDC Holding acting as their representative in TRUSTPAY Group's management.
TRUSTPAY Group is a Vietnamese corporation with a business value of approximately $4.4 million, specializing in FinTech investment and managing venture funds. Established in 2009, the company has invested in over 20 companies and projects that operate in a variety of fields such as technology, finance, tourism, medical, manufacture, jewelry and e-commerce, with a total investment value of $13 million.
The company is currently developing a smart wallet via which users can earn Bitcoin from each of their shopping orders and payments. In the future, the application will be integrated with major commercial banks and financial institutions in Vietnam and overseas, allow users to actively accumulate the King cryptocurrency while still enjoying convenient transactions.
The TRUSTPAY BLOCKCHAIN application will be officially deployed in July 2021. Marketing campaigns will be conducted to raise the user base to 300,000 within the third quarter of 2021. The general goal until the first quarter of 2022 is to reach a million users acknowledging and enjoying the features of the application.
The company sets to go public on Vietnamese stock exchanges at the end of 2022.