What is THAT and what does it solve?
THAT is a borderless digital currency built on its own Layer 1 blockchain, designed to become the world’s first primary medium of exchange for global transactions. Its goal is to solve the mainstream adoption challenges of cryptocurrencies by creating a practical, user-friendly, and business-endorsed digital currency that integrates seamlessly into real-world commerce. THAT offers low volatility, high transaction speeds, and minimal fees, making it a reliable and efficient option for both buyers and sellers. It aims to overcome the complexities, limited usability, and high volatility associated with traditional cryptocurrencies by focusing on three core attributes: simplicity, spendability, and cost-effectiveness. By establishing an expanding network of merchants who accept THAT for payments and providing a straightforward digital wallet app for managing funds, THAT bridges the gap between blockchain technology and everyday financial transactions, solving issues like limited real-world usability, complex onboarding, and the need for costly conversions between fiat and crypto. Through a robust ecosystem of secure, fast, and low-cost transactions, THAT positions itself as a trustworthy global currency for both individuals and businesses.
Token Overview
- Token name: THAT
- Token symbol: $THAT
- Total circulation supply: 110 Million THAT
What are the utilities of $THAT?
THAT’s Token Utilities include:
- Medium of Exchange:
THAT serves as the primary currency for transactions within its ecosystem, enabling users to buy goods and services from merchants both online and offline, making it a practical digital payment option.
2. Transaction Fees:
THAT tokens are used to pay transaction (gas) fees on the THAT blockchain, ensuring smooth and efficient operation of the network.
3. Staking and Validator Rewards:
Users can stake THAT tokens to support the network’s Proof-of-Stake (PoS) consensus mechanism in the long-term, earning rewards and contributing to network security and governance.
4. Merchant Incentives:
Merchants who accept THAT as a payment method receive incentives, including reduced transaction fees and marketing support, making THAT an appealing choice for businesses.
5. Loyalty and Rewards Programs:
Consumers and merchants can participate in loyalty programs using THAT tokens, which can be distributed as rewards for customer engagement, repeat purchases, or special promotions.
6. NFT Purchases and Utility:
THAT tokens are used to buy exclusive NFTs within the THAT app, unlocking special privileges such as VIP memberships, discounts, and unique perks for loyal customers.
7. Cross-Chain Interoperability:
THAT tokens can be transferred across different blockchain networks through cross-chain bridges, providing flexibility and expanding its usability in multiple digital ecosystems.
8. Liquidity Provision:
THAT tokens are used to provide liquidity on decentralized exchanges, supporting trading pairs and ensuring ample market depth for token holders.
These utilities make THAT a versatile digital currency that can be integrated into various financial activities, driving adoption and practical usage in real-world contexts.
What does the project ecosystem include?
The THAT project ecosystem includes the following components:
- THAT Blockchain:
A dedicated Layer 1 blockchain network that serves as the core infrastructure for all transactions and activities within the ecosystem. It is designed to support high transaction speeds, minimal fees, and secure operations, enabling THAT to function as a global medium of exchange.
2. THAT Token:
The native cryptocurrency of the network, used for transactions, staking, governance, and merchant payments. It acts as the backbone for economic activities within the ecosystem, driving value and usability.
3. THAT App (Digital Wallet):
A mobile wallet available on iOS and Android, enabling users to store, send, and receive THAT tokens. The app includes features such as token swaps, cross-chain bridging, a merchant directory, secure key management, and simplified onboarding for new users.
4. Merchant Network:
A growing network of merchants who accept THAT as payment for goods and services. This network is supported through incentives and benefits, making it easy for businesses to integrate THAT and offer a seamless shopping experience to customers.
5. Cross-Chain Bridges:
Cross-chain interoperability allows users to transfer THAT tokens across various blockchain networks, starting with Polygon and expanding to other blockchains. This ensures broader utility and integration across different digital ecosystems.
6. NFT Integration:
THAT offers a unique NFT marketplace where users and businesses can create, buy, and trade NFTs. These NFTs can function as digital memberships, loyalty rewards, or collectible items, providing additional engagement and utility for the community.
7. Point-of-Sale (POS) System:
A built-in POS system within the THAT app, designed for businesses to easily accept THAT payments both online and in physical stores, ensuring a streamlined payment experience for merchants and customers alike.
8. Business Tools and Accounting Features:
The ecosystem includes tools tailored for businesses, such as automated accounting for tax tracking, invoicing features, and secure storage of transaction data to simplify compliance and financial management.
9. Community-Driven Marketplace:
An interactive marketplace where users can trade goods and services using THAT tokens, fostering a dynamic and engaged community. This feature aims to drive adoption by providing a space for peer-to-peer transactions.
10. THAT Validator Network:
A decentralized network of validators who maintain the integrity and security of the THAT blockchain. Validators are rewarded for their participation and help secure the network through a Proof-of-Stake (PoS) consensus model.
11. Liquidity Provision and Staking Pools:
THAT provides opportunities for token holders to contribute to liquidity pools and staking programs, enabling them to earn additional rewards while supporting the ecosystem’s stability and growth.
Together, these components create a robust and interconnected ecosystem that facilitates secure, low-cost, and scalable transactions while driving real-world adoption for THAT as a global digital currency.
THAT Official Media
About Coinstore
Accessibility. Security. Equity.
As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 8 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.
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