TokenPay: speculators and holders will destroy cryptocurrency

TokenPay believes that the crypto market is rigged, and most tokens are just casino chips. The authors of an undervalued, in their opinion, digital currency. express their opinion on what is happening in the crypto market.

In well-crafted educational messages posted on its page, TokenPay offers to dispel some of the “myths” in the cryptocurrency space.

 This time, TokenPay has written again to take the hope out of holders by stating that Holding is not the purpose of cryptocurrency. 

Through its Twitter utility, TokenPay issues blister statements criticizing certain issues in the cryptocurrency community. TokenPay's recent post began with the fact that ease of integration and clear utilization rates have caused most major crypto marketplaces to offer a plethora of useless ERC-20 tokens.

Most crypto coins are ill-suited for use in real-life transactions. One of the secrets of the crypto industry is that most coins or tokens have no transaction value. Bitcoin is slow and expensive, Ethereum does not scale and has many bugs that make it useless as a payment method. New platforms like NEO simply fail due to the imperfections of their blockchain. 

ERC-20 tokens, according to TokenPay, do not represent any value or technological innovation, their only purpose is to be traded on unlicensed and unregulated crypto platforms. This is a notorious casino feature. There is nothing wrong with gambling as long as the game is fair. But the crypto market is rigged, according to TokenPay.

According to the company, today everyone has forgotten about the true purpose of cryptocurrency - use in everyday payments by ordinary consumers. 

TokenPay is little concerned about the current state of the crypto market with a bias towards Buy and Hold. This strategy, in their opinion, is completely inconsistent with the interests of consumers and trading companies in today's market. Merchants expect the crypto industry to offer cheap, fast payments and ease of converting crypto assets into fiat and vice versa. 

This is the direction in which the blockchain startup TokenPay Swiss AG is developing. Maximalism in accepting cryptocurrency as a means of payment has allowed the company to conduct many real transactions, already more than a million dollars with various suppliers using the TPAY token as a payment method.. But, according to the company, instead of focusing on distributing TPAY in the real world, the “cancerous element of the crypto community” equates the price of the coin with the success of the enterprise. 

Although there is zero correlation between these two components. Moreover, in fact, it is inversely proportional in many cases, according to the creators of TokenPay.