What is TwoGap (TGT)? Interview with CEO
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What is TwoGap? Answering all questions about the TwoGap project with CEO Hoang Anh - representative of the TwoGap project, in the AMA session with Haymodgame.
Mr. Hoang Anh - CEO and Founder and his partner Trieu Vo represented the TwoGap project to participate in the AMA live session with the Haymodgamecommunity on May 20.
Below is a summary of questions and answers, as well as exchanges between TwoGap project representatives and the Haymodgame community .
What is TwoGap?
The name TwoGap is derived from the economic theory Two-Gap Model and Game of Theory.
Both of these theories focus on dealing with the behavior distance between two objects to maximize the benefits of both.
The author of Two-Gap Model, Hollis Chenery was also the chief strategist of the early World Bank.
Avoid zero-sum games by applying Game Theory research by John Nash, a mathematician and scholar who has received the prestigious Nobel Prize.
To put it simply, TwoGap is a platform associated with exchanges. Protocol is essentially a core technology of TwoGap.
The investment products that TwoGap targets will be stocks, securities, commodities...
These can be seen as huge pieces of the pie for those who want to make it into the crypto market.
Technology of TwoGap
The underlying architecture of TwoGap is based on Cosmos Open Source. Oracle will be incorporated in each specific project.
TwoGap chose Cosmos because it is the most advanced and fastest Blockchain POS technology available today.
TwoGap also uses 0x's layer2 solution as it is the best Framework for Tokenized Platform.
TwoGap already has an Alpha version of the product. The complete version has not been posted yet, but the Partial version is available on the Website.
To connect the Crypto and securities markets, the biggest and most important issue is the legal issue.
In order to remove legal barriers to the large market that TwoGap targets, TwoGap has an effective problem solving.
That is the core technology of Cross-Exchanges Infrastructure Chain = Cross-Exchanges Protocols + Cosmos Open Source.
Cross-Exchanges Protocols contains Intelligence Compliance that resolves compliance and liquidity conflicts.
What is the specific case to understand TwoGap?
Imagine you can buy Apple shares from Nasdaq right on the Binance exchange . Apple shares are listed on the NYSE, Binance does not sell Apple shares.
But, when both these exchanges use the Cross-Exchanges Infrastructure Chain, Apple shares will be tokenized and listed on Binance.
Traders of Binance place an order to buy Apple stock tokens, SM of TwoGap will push transactions to NYSE, Apple stock tokens to wallets, fresh money to NYSE accounts.
Thus, the Binance exchange, NYSE and traders do not violate compliance because the transaction does not occur on the Binance exchange. This is called smart compliance.
The core mechanism of Cross-Exchanges Protocols paves the way for liquidity and a host of other cross-exchange protocols.
About Global Cross-Exchanges Alliance - Global Cross-Exchanges Alliance
Market liquidity has grown steadily thanks to Cross-Exchanges Infrastruture Chain based on Cross-Exchanges Protocol combined Cosmos Open Source which is the technology foundation of GCEA - Global Cross-Exchanges Alliance.
This is a global exchange alliance. Core members are exchanges, using the Cross - Exchanges Infrastructure Chain developed by TwoGap.
The line between the traditional stock exchange and the Crypto exchange will become increasingly blurred.
Traditional securities products will be tokenized and listed on Crypto exchanges and vice versa Crypto products will also be listed on stock exchanges and traditional commodity exchanges.
Next September, TwoGap will hold a Testnet livestream between 2 traditional exchanges and Crypto.
However, Currently, TwoGap has not announced the list of exchanges that have cooperated.
TwoGap believes that this alliance will quickly expand as the liquidity of each exchange will increase. Thereby, the overall liquidity of the Crypto market will increase sharply.
Where does TwoGap's main revenue come from?
TwoGap's main revenue comes from Cross-Exchanges Infrastructure Chain fees, Tokenized Platform fees and Cross-Exchanges Wallet fees.
In which, the fee for Members, subscription is flexible according to the volume of each exchange.
Fees for Cross-Exchanges Transactions, KYC/AML, Data services on Cross-Exchanges Infrastructure Chain are fixed.
Mainnet TwoGap
TwoGap will conduct Mainnet in Q4 2019.
The project expects TPS on the Mainnet to have the same speed as Binance Chain and Cosmos Chain because of the same Cosmos Open Source. Testnet will be around 50,000 TPS.
What's different about Tokenized Platform of TwoGap?
Tokenized Platform of TwoGap is essentially a combination of 0x and Intelligent Compliance of TwoGap. Also known as smart compliance.
TwoGap's Tokenize Platform is different in that it is built on the Cross-Exchanges Infrastructure Chain, backed by the liquidity available on the Cross-Exchanges Infrastructure Chain.
What is the most important problem of a Tokenized Platform? How did TwoGap solve that problem?
According to the TwoGap team, Tokenized Platform will dominate the Crypto market in place of Bitcoin . Tokenized will make exchange, storage easier, better liquidity.
TwoGap believes it is the next step in technology and an irreversible trend.
Even non-TwoGap Platform Stock Tokenized tokens are supported by the Cross-Exchanges Infrastructure Chain, which provides linkage to the Securities Depository Center and Underwriters, Intelligent Compliance, and liquidity.
To achieve that future, Tokenized Platform needs to handle Underwriting, Clearing.
0x already provides Protocols that handle this locally well. And the Cross-Exchanges Infrastructure Chain will provide the infrastructure connecting the Securities Depository Center and Underwriters.
TwoGap's IEO Pricing Strategy
The project tries to let as many brothers and sisters have access to IEO as possible, but cannot guarantee that there are people using the tool to buy IEO.
After the IEO is completed, TGT will be listed on the floor. The TwoGap team has many options to lead the price and of course considers the floor bot option.
In addition, TwoGap has a GCEA Members Acquiring Campaign running in tandem with the IEO Campaign. This strategy will support increased demand for TGT after the IEO.
TwoGap canceled its ICO plan last year and made an announcement. TwoGap ambushed 2 years waiting for this opportunity.
The project hopes that at the beginning of the current uptrend period, it will be psychologically supported and the cash flow is starting to increase.
The selling price of TwoGap round 1's IEO is $0.000123 lower than the selling price for investors in the previous period, so the project compensated them.
TwoGap wants to keep token prices low and IEO capitalization low. TwoGap is completely learning the way Binance has always done.
In the worst case that the IEO doesn't sell out, TwoGap will still run and grow normally, but it will probably take a little longer and be a bit more difficult.
Why TwoGap chose IEO on Bitforex and Liquid
Bitforex and Liquid are two of the main markets that TwoGap targets (East Asia) which are China and Japan.
Bitforex exchange has a long term partnership with TwoGap (one year).
Liquid has great technology, good vision and Liquid is already the Unircorn company. Liquid has great potential to become the number one exchange in the world.
TwoGap's Competitors
TwoGap does not identify who or which projects are direct competitors. However, TwoGap is still learning from Binance, 0x , Cosmos.
What is TGT token used for?
TGT is ERC-20, TwoGap Platform uses Cosmos open source code and customizes it.
TGT is purchased by exchanges to pay GCEA membership fees, to reserve subscription fees and other fees. If you buy early, the floors will enjoy many incentives.
TGT is also used for holding.
TwoGap's big plan is to bring TGT to the SEC.
The SEC needs to use TGT to monitor traditional securities or Crypto currencies to avoid money laundering and shady.
The project will be warmly welcomed by the SEC for solving a global problem. That is to resolve the conflict between liquidity and compliance.
Compliance is understood as the regulations of the SEC when the parties involved in the issuance and trading of security tokens.
In this regard, TwoGap has plans to work with the SEC but has not yet announced it.
Next September, TwoGap will hold a global Testnet on the issue of trading between 2 Crypto and securities exchanges.
Where does TwoGap's investment capital come from?
Initially, TwoGap's capital came from Founders and angel investors. The project has not yet received investment funds because equity has not been sold out.
The preferred source of funds for building the Alliance of GCEA Exchanges Alliance is also the Go-to-market strategy and building the Cross-Exchanges Infrastructure Chain.
Important partners of the TwoGap project
TwoGap will have the participation of the first exchanges such as Bitforex, Liquid and Gilbraltar.
TwoGap will announce the Testnet in September and global live streaming of the first ever listing and cross-exchange transaction processing between Gilbraltar and Crypto Liquid exchanges. Simply put, using Crypto can buy stock and vice versa.
About the supply and circulation of TGT
The total circulation after the IEO is more than 20 billion tokens. The remaining TGT will be released according to the roadmap over the entire TwoGap lifecycle.
The release will be based on the number of users and GCEA members and not on an annual basis
Disadvantages of TwoGap
The biggest disadvantage of the project now is that it has not resonated with the international community. The speed of product building is even slower than planned.
TwoGap is trying to overcome these disadvantages by following the IEO, TwoGap will enter the US market and create buzz.
TwoGap's US plan is to combine with some US exchanges, KOLs and guerrilla marketing.
Another disadvantage of TwoGap is that training users can take a long time. TwoGap will overcome this shortcoming with a Go-to-market strategy. It's the Global Cross-Exchanges Alliance. Exchanges that are members will train with TwoGap end users.
Token Allocation & Release
Total tokens for the Airdrop Bounty community over the entire lifecycle will be around 4%.
However, currently TwoGap new Airdrop & Bounty is close to 1%. The number of tokens used for Bounty will be locked according to regulations, and Airdrop for Vietnam will be unlocked.
Team TwoGap has more than 20 people, including full-time and part-time. The release plan for the team is vesting within 3 years.
Token sale information from previous rounds such as seed round, private sale, pre-sale has not been specifically announced by the project.
The TwoGap representative only replied in general that they had mobilized a sufficient amount for the team to operate and develop. And, those rounds are basically locked almost like the founder.
Token Economics by TwoGap
TwoGap's Token Economics is based on Incentive Mechanism. Token is for incentive, circulation.
The speed of joining the exchange alliance will be based on the logic of interest Incentives Mechanisms.
If TwoGap can create a large, synchronous solution provider for intelligent Compliance and a large liquidity source, then surely the exchanges will have enough incentive to join the alliance.
TwoGap Development Roadmap
TwoGap is on a pretty long road map. Because, with TwoGap, the longer the view, the better. Calculate 10 steps to take 1 step up.
Thanks to that, TwoGap will measure and predict early for each important milestone. As a result, risks will be prepared early.
When will TwoGap be successful?
According to the representative of TwoGap, a successful project is when it comes to reality, has real applications, and changes the technology industry and people's lives.
TwoGap will succeed in contributing to the 10x Crypto market now.
Legal of TwoGap
TwoGap is headquartered in Singapore. Basically, TwoGap has solved all the legal issues at this stage.
