Upon explaining the purpose of TTT, there is a necessity to first explain the system of Eternal Coin (XEC). Eternal Coin (hereafter referred to as XEC) is a cryptocurrency token issued by the Japanese corporation Atom Solutions Co., Ltd. (hereafter referred to as “our company” ).
XEC is unique in that it can only be bought/sold using Eternal Wallet.
However, as the deposits/withdrawals using Eternal Wallet is limited to a handful of Fiat currencies and Bitcoin, certain countries and/or regions may find it difficult to hold and store XEC. Also, holders of cryptocurrencies other than Bitcoin cannot directly purchase XEC.
To solve these issues, as a method to indirectly buy/sell and store XEC, the concept of TTT was born.
LBank, global leading crypto asset exchange, is glad to list TTT/USDT trading pair at the specific time below:
Deposit Enable : 16:00, August 10th, 2020 (UTC+8)
Trading Open : 16:00, August 4th, 2020 (UTC+8)
Name of the Coin: The Transfer Token Ticker (Symbol): TTT
Proof Type: Proof of Work
Total Supply: 2,000,000,000 Average Blocktime: 15 ~ 17
The benefits of XEC is that it incorporates a feature of lending and receiving dividends within Eternal Wallet, but the drawback is that users cannot exchange XEC with cryptocurrencies other than Bitcoin.
However, by exchanging to TTT, this drawback is solved.
The amount of TTT issued is 2 billion, the same as XEC, and by using Eternal Wallet, TTT holders can trade said token with XEC at a ratio of 1:1.
Likewise, users holding XEC can trade to TTT.
When trading, the exchange rate is equally 1(XEC):1(TTT).
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