TontineTrust
TontineTrust
Token: TON


Live Long & Prosper

ICO dates
Start date:
End date:

Registrated in: Gibraltar

Platform: Ethereum
Type: ERC20

PREMIUM ICO

https://tontinetrust.com/ Screenshot
TontineTrust categories
Investment Platform
Video
TontineTrust token sale
KYC passing required No | Whitelist No | Restriction for countries No
Price 1 TON = 1 GBP
Acceppting BTC, ETH, BCH, Fiat
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Random whitepaper excerpts

TABLE OF CONTENTS
ABSTRACT ..........................................................................................................................................4
CASE STUDY: THE PROBLEM FOR WEALTHY SAVERS IN THE DEVELOPED WORLD .................................5
T
HE
S
EEMINGLY
S
IMPLE
S
OLUTION
: C
ASH
D
RAWDOWN
...................................................................................... 5
T
HE
20
TH
C
ENTURY
S
OLUTION
: L
IFE
A
NNUITIES
................................................................................................. 5
T
HE
21
ST
C
ENTURY
S
OLUTION
: P
EER
-
TO
-P
EER
T
ONTINES
.................................................................................... 5
Q
UESTION
: H
OW ARE THESE EXCEPTI...

WHY ACTUARIAL SMART CONTRACTS:..............................................................................................24
T
HE
C
ASE FOR A
S
MART
-A
CTUARY OR
R
OBO
-A
CTUARY
...................................................................................... 26
SUMMARY OF THE ROBO-ACTUARY SMART CONTRACTS ..................................................................26
IDENTIFICATION OF TONTINE MEMBERS...........................................................................................27
R
EDUCING
U
NCERTAINTY THROUGH
L
IVE
U
PDATES
........................................................................................... 30
REGULATION ...................................................................................................................................30
P
AST
T
ONTINE
R
EGULATION
............................................

Abstract
The 20 largest OECD countries have a combined public pension deficit of $78 Trillion. Many large
corporate pension schemes are likewise significantly underfunded.
With over 44% of men and 55% of women now expected to live into their 90s, many consumers
will outlive their private savings by 5 years and some by at least 10 years.
Current retirement income products such as life annuities are unpopular due to low returns mostly
caused by the high costs charged by Insurers, which ac
t as centralized “guarantors'.
We propose a solution to the costly central guarantor problem by using our patent pending peer-
to-peer
tontine
pensions administered by an unbiased, mathematically robust smart-actuary
which ensures that the pension is ALWAYS fully funded. And because tontine pensions provide
lifetime income without requiring a guarantor, they significantly reduce the cost of providing
pension benefits and thus significantly increase the income paid out to retirees.
Tontines a...

Case Study: The Problem for Wealthy Savers in the Developed World
George is 65 and has just retired. He owns his home and after taking into account the needs of
his family, he has calculated that he has £1m to live on in retirement.
As George does not know how long he will live, he now faces a dilemma as he does not know
what his monthly spending budget should be to avoid worrying about his future income levels.
The Seemingly Simple Solution: Cash Drawdown
If he assumes he will only live until 85 and simply draws down from the £1m cash pot each month
then this gives him a monthly budget of £4,100. However, this strategy has 3 problems:

It is an amount below what he is used to living on.

If interest rates fail to keep ahead of inflation, inflation will erode this income in real-terms.
If, as is 50% probable, he lives beyond the age of 85, he will run out of cash and become a burden
to his children, or worse, to an underfunded state pension scheme.
The 20th Century Solution...

The capital in the Tontine is deployed into a diversified portfolio of leading ETF index funds
balanced across global markets and asset classes following classical portfolio design theory. For
example, with a tontine portfolio targeted at generating a net return of 5% per annum with
annualized volatility of 4.85%, this
“ETF
Backed
Tontine” can now be expected
, on average, to pay
George broadly as follows:

£4,598 per month at age 65, rising incrementally to £6,719 per month by age 75,

By age 80, he can expect to be receiving an estimated payout of £8,156 per month,

By age 90, he can expect to be receiving an estimated payout of £11,902 per month.
In fact, if George lives to 100, in addition to getting a telegram from the Queen, he can expect to
collect over
£17,582 per month
which should provide a very comfortable life as well as the best
healthcare available.
Question: How are these exceptional returns sustainable...

Note: Chart assumes a hypothetical tontine portfolio with an expected return of 5% per year net of fees and annualized volatility of
4.85%. Results may vary and are not guaranteed.
As mentioned, a tontine’s payout will adjust
based on actual performance. To show the potential
range
of the tontine payout, we have overlaid plus-and-minus 1 standard deviation bands around
its expected payout. To help put the
tontine’s relative value
in perspective, the next chart
compares
cumulative
payouts.
7
...

Note: Chart assumes a hypothetical tontine portfolio with an expected return of 5% per year net of fees and annualized volatility of
4.85%. Results may vary and are not guaranteed.
The degree of uncertainty in the level of tontine payouts can be managed and kept low by:

investing conservatively in a diverse mix of low-correlation asset classes,

creating a large pool of tontine members (the law of large numbers),

limiting the rate at which capital is paid out to a rate consistent with mortality credits arising.
Is it safe for retirees to be invested in portfolios of ETFs? Why not just invest
the tontine in Government Bonds only?
Many high-grade government bonds still currently offer less than 1% yield per annum. This poor
rate of return has contributed to the recent emergence of the
Robo-Advisory
industry which is
expected to grow to
$16 Trillion by 2025
(roughly three times the assets managed by BlackRock,
the world’s
largest as...

Whilst such Robo-Advisory portfolios of low cost ETFs can expect to deliver better long term
returns to investors, they fundamentally do nothing about the longevity problem, which is where
the ETF Backed Tontine comes in.
As one retirement expert phrased it,
“..
mortality credits enables investors to earn a type of
guaranteed “alpha” not available in any other asset class
”.
Indeed, mortality pooling is the
mechanism that allows tontines and annuities to deliver lifetime income in a way that is simply
not possible otherwise.
ETF portfolios still carry volatility, however, and as our design takes this into account so that in the
event of any flat or negative investment years, the Smart Actuary will automatically and prudently
flatten or incrementally reduce the payouts until mortality credit redistributions or improved
investment returns allow a resumption of the expected incremental payout growth.
9
...

TontineTrust Roadmap

1
QUARTER 2 2017
Tokenomics refined to generate network effects ? Team Expansion Commences
2
QUARTER 4 2017
IPR Protected Release Whitepaper SAFT & Token Sale
3
QUARTER 2 2018
1st Crypto Tontine Launch Biometrics & TonCard Launch Commence Passporting Applications
4
QUARTER 4 2018
Strategic Partnerships Development Continues Regulatory Applications
5
QUARTER 1 2017
Concept Development with a view to solving a major, growing global problem on the blockchain Smart Actuary Concept
6
QUARTER 3 2017
Website Launch Incorporated in Gibraltar Meetings with Regulators TON$ Smart Contract
7
QUARTER 1 2018
Platform Development Home Market Regulatory Applications Finalised Team Expansion
8
QUARTER 3 2018
1st ETF Tontine Launch Strategic Partnership Development Target Market Regulatory Applications
Dean McClelland
Dean McClelland CEO responsible for Product Development, Establishing Partnerships

Jon Matonis
Jon Matonis Chairman, Strategic Adviser Bitcoin & Blockchain, Entrepreneur

Jörg Platzer
Jörg Platzer Board Member, Strategic Adviser BTC, Blockchain, Tontines Expert Cryptoeconomist

Richard K. Fullmer
Richard K. Fullmer Actuarial Strategist, Asset Allocation Director

Dr. Michael J Neish
Dr. Michael J Neish Quant / Programmer responsible for Product Engineering & Payout Trajectory Optimisation

Marcin Zduniak
Marcin Zduniak Lead Developer Blockchain, Fintech

Nedda Kaltcheva
Nedda Kaltcheva Technical Architect Govt. Scale Systems

Max Haran Doyle
Max Haran Doyle Ex-UBS advisor to the Russian State now Digital Strategy & Project Manager

Marcus Fuchs
Marcus Fuchs Fund Manager M.D. CEE + MENA Region

Eamon Bermingham
Eamon Bermingham International Pensions Investment Director acting as Expert Advisor

Marcin Zduniak
Marcin Zduniak
Lead Developer Blockchain, Fintech
Blockchain Development
Blockchain Solution Architect
Blockchain Developer
Blockchain Advisor
Blockchain Advisor
Blockchain Advisor
Jon Matonis
Jon Matonis
Chairman, Strategic Adviser Bitcoin & Blockchain, Entrepreneur
Founding Director of the Bitcoin Foundation
Founder of Bitcoin Foundation
FOUNDING DIRECTOR AT BITCOIN FOUNDATION, EXCHANGE TECHNOLOGY
Chairman
Advisor
Founding Director at Bitcoin Foundation. CEO of Hushmail. Startup Team at RSA's VeriSign.
Blockchain advisor
Head of Advisory Board