Tandem will become the first Bitcoin p2p trading platform ever to issue native token TDM.
TDM is based on the ERC-20 protocol standard, with a supply totaling 10 billion tokens.
“You can use these tokens to reduce the fees for each transaction while trading on the Tandem P2P mobile app. Hence, obtaining more TDMs for daily traders on tandem would make them use the same to pay their fees,” the company said in a press release.
Tandem stated that there are some concerns facing users using the P2P platforms as more than 90% of the global fiat currencies move in and out the crypto community through USD, JPY and KRW.
The company added that the other challenges include banking issues related to local exchanges, as well as lack of proper interfaces.
CEO Prashanth Swaminathan said:
“We are excited to announce Tandem’s native token TDM and are confident that this will help make crypto trading easier. It is our endeavour to build a solution that brings together global communities and re-defines the way the world interacts with bitcoin.”
Most importantly, Tandem seeks to fulfill the need to boost the adoption of crypto. Thus, it has launched a mobile app targeting beginners and professional traders who invest in digital assets.
“The mobile platform and the native token take us a step further in making the processes simpler for everyone,” Swaminathan added.
Moreover, Tandem seeks to reshape finance by planning digital assets that are to be transferred at Internet speed. In addition, the company is shaping the future of “Smart Money”, where money will be digitized and transferred globally immediately.
Cryptolydian earlier reported that Binance has added the Vietnamese currency dong (VND) to its peer-to-peer (P2P) trading platform.