KYC passing required No | Whitelist Yes | Restriction for countries Canada,China,Iran,Sudan,Syrian Arab Republic,USA
|Price in PreICO||1 ETH = 30,000 TIP|
|Minimal investment||0.1 ETH|
|Bonus in ICO||June 1-15, 2018: 200% bonus; 1 ETH = 30000 TIP / July 13-20, 2018: 50% bonus: 1 ETH = 15000 TIP / July 20-27, 2018: 30% bonus; 1 ETH = 13000 TIP / July 27-August 3, 2018: 20% bonus; 1 ETH = 12000 TIP / August 3-10, 2018: 10% bonus; 1 ETH = 11000 TIP|
Tip is a Third Generation Blockchain that connects users over peer to peer networks, and merchants with payment solutions, making it easier than ever to transact using cryptocurrency. Information on the network is indexed and searchable so users and businesses can find information by searching using our wallet and point of sale apps. Arbitrary data attached to transactions and accounts can be used for various purposes, including identifying info, memos for payments, receipt confirmation and more. Cryptocurrency users today have to deal with hashed addresses, QR codes and other contraptions. This creates friction and makes cryptocurrencies seem foreign to the average user. With Tip Blockchain, users and businesses can register usernames which can then be searched and discovered by other users. They will then be able to transact in fast, easy and user-friendly ways. Kasakasa, our decentralized mobile wallet - featuring encrypted peer to peer messaging, user-friendly usernames as addresses, search and find other users by usernames. Once users discover each other and content on the network, they will be able to freely chat with them over peer-to-peer connections. Transactions can be sent over the wallet interface or directly from a chat. Sika, our decentralized cryptocurrency point of sale system (POS) for businesses - friendly usernames and transaction metadata give us the power to deliver customized solutions businesses need to make accepting payments in cryptocurrency easy. It will include traditional POS features like transaction/order management, customer management, sales reporting and analytics.
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Table of Contents
1. Executive Summary
3. Problem Statement
3.1 Peer-to-peer transactions
3.2 Business transactions
3.3 Contextual information for transactions
4. The solution: Tip Blockchain
4.1 High level overview
a. Human-friendly addresses
b. Transaction metadata
4.2 How Tip Solves Problem Statement Issues
a. Peer to peer transactions
b. Businesses accepting payments
c. Transaction contextual information
5. Technical implementation
5.1 ERC20 Token on the Ethereum Network
a. Tip Indexed Database
b. Tip Network Node
c. Kasakasa: Mobile and Desktop Light Wallet
d. Sika: Merchant Point of Sale System
5.2 The Future: The Tip Blockchain
a. The Tip Protocol
b. Interplanetary File System (IPFS) Backing Store
c. Tip Blockchain Node
e. Kasakasa and Sika 2.0
6. Tip Token
6.1 Token Distribution
a. Token Sale
b. Bounty Program
0. Legal Disclaimer
This document is strictly private, confidential and personal to its recipients and should not be
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THIS DOCUMENT IS FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE RELIED UPON.
THIS IS NOT AN OFFERING CIRCULAR, INFORMATION MEMORANDUM OR ANY OTHER FORM
OF OFFERING DOCUMENT. TIP BLOCKCHAIN NETWORK INC. (TOGETHER WITH ITS
RESPECTIVE DIRECTORS, MEMBERS, OFFICERS, EMPLOYEES OR AFFILIATES) MAKES NO
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY,
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BY ACCESSING THIS DOCUMENT, YOU A...
1. Executive Summary
Cryptocurrencies have come a long way since the creation of Bitcoin by Satoshi Nakamoto in 2008.
While adoption rates of cryptocurrencies have increased over the years, mass adoption has been
slow. Applications that make blockchain technology an integral part of day-to-day life remain elusive.
Tip proposes to take cryptocurrency mainstream by providing solutions that make discovering users,
businesses, and other useful information on the blockchain as easy as it is on social platforms. We
are creating an ecosystem where users can transact and interact with one another in easy and
familiar ways, without the technical barriers.
The Tip Network consists of our blockchain, decentralized apps, and users on the platform. Tip
Network provides end-to-end solutions that connect businesses with their customers, and end users
to other users. Our solution provides user-friendly usernames that are easy to remember, and
discovery, that makes it easy to find other users. Peer to peer instant messagi...
The Internet has brought people together in ways that were not possible before. An internet user
can communicate with friends or family across the world using various social mediums and
communication channels. In the early days of the internet, it was primarily used by researchers,
academics, network and computer enthusiasts and the military. As the internet got easier to use,
more use cases were conceived and developed which gave the average user a reason and the ability
to connect. Today, the internet is more pervasive than radio was half a century ago.
With the rise of the internet, new peer to peer networks such as BitTorrent were created, which
allowed users to share information directly without the involvement of third parties. A natural
evolution from that was Bitcoin and other cryptocurrencies, where users are able to exchange value
without an intermediary, or a trusted third party, such as a bank, clearinghouse or money transfer
Just like the internet, Bitcoin was ...
3. Problem Statement
To illustrate the main problems users face when using cryptocurrencies today, let us present a few
scenarios. These scenarios will illustrate how present-day solutions are inadequate for day-to-day use
of cryptocurrencies by the average user.
3.1 Peer to Peer Cryptocurrency Exchange
For our first scenario, let us assume we have two users, Bob and Alice. Bob needs to send Alice a
cryptocurrency transaction to repay her for lunch she bought him today. With existing solutions, Bob
would somehow have to get Alice's wallet address from her. If they are in person, Bob could scan a
QR code containing Alice's wallet address. If they are not in the same location, Alice could send Bob
her address hash by copying, pasting and sending it to Bob over text messaging, another messaging
app, or by email. These additional steps to initiate a transaction create unnecessary friction.
Most users who are not used to cryptocurrencies would think these steps to be too much of a hassle
and not even bo...
3.3 Contextual Information Around Transactions
The third scenario pertains to contextual data for transactions. Let us go back to our neighborhood
restaurant. Let us also assume that Gino's Pizza is a popular joint, thus, and several transactions are
processed in an hour. If several orders are placed over the phone or by users scanning the business
address QR code, the restaurant operators have no way of knowing which transaction corresponds
to which order.
One ineffective solution would be to match the value of transactions with orders. This would not
work if there is more than one transaction with equal or similar value. Another option would be the
customers reading out the source address out over the phone, and the order taker recording this
address, and then match addresses when transactions come in to attribute them to the correct
customer. With only addresses hashes to go by, this is technically infeasible. Now imagine that the
pizza shop is expecting deposits from multiple customers. It would be a ...
4. The Solution: Tip Blockchain
Before we get into the details on how the Tip solves the specific problems presented above, let us
first understand the solutions the platform provides.
4.1 High Level Overview
a. Human-friendly Addresses
The first solution presented by the Tip is unique, user-friendly addresses or address aliases. Each
address on the Tip Blockchain is created from a cryptographic hash, just like with Bitcoin or
Ethereum. However, this is an implementation detail users should not have to care about. With Tip,
users will be able to create human-readable names or aliases on their accounts and transact using
these aliases. The network maps the alias to the corresponding address, so transactions are routed
correctly to the intended recipient.
An analogy to this issue is if users had to find websites using IP address instead of host names. This
would have been an untenable situation that would have hampered mass user adoption of the
internet. The Domain Name Service was created, wh...
Private data will be encrypted by the account holder and stored on the network. This data can then
only be decrypted and viewed by the holder of the private key, the owner of the account.
So now we know that data can be stored alongside addresses and transactions. What can this data
be used for?
The Tip Blockchain is a fully indexed, searchable platform. Users will then be able to discover other
users and new content on the network by searching through the data using client applications.
Network nodes will expose a RESTful API that store and access this information on the network.
Decentralized apps (DApps) can then be built to use this RESTful API to discover information. DApps
will be able to create their own custom fields and protocols to extend the usability of the platform.
d. Peer to Peer Instant Messaging
The first DApp built on the Tip Network, by the Tip team will be a wallet app, incorporating several
features of the platform. Account aliases, search and instant messaging wil...