TontineTrust ICO and Token Sale Review
Tontine Trust is a peer-to-peer tontine pension 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 are a 365-year-old financial innovation which successfully financed many European countries and states as well as numerous private projects such as roads, bridges and hotels.
Why TonTine now
The key societal factors for re-introducing Tontines now are:
- Savings rates are at historical lows mostly caused by unattractive annuity rates
- Fitch Ratings recent credit outlook downgrades for US Insurers could be indicative of an increased systemic risk for private pension products which rely on Insurer guarantees,
- Due to their inherent appeal, Tontines could encourage a substantially greater level of retirement saving as in the past they have been shown to outsell annuities by over 5 to 1.
The key technological factors are:
- Peer-to-peer technologies and products including Tontines systems gain traction more quickly when users believe that they can trust their cohorts more than a centralized counterparty.
- Cryptography obfuscates the real-world identity of Tontine members thereby removing the possibility for members to know who else is in their Tontine
- The availability of Biometric authentication and liveness detection and other complementary identification systems allow enhanced security
- The ability for a Smart Actuary to autonomously manage the tontine removes the risk of human bias from overriding the mathematically prudent reserving approach
The use of distributed ledger technologies enables TontineTrust members, and the public generally, to audit each Tontine’s progress and future monthly payout projections through transparency. The blockchain custodian will enable each Tontine’s underlying cash and investments to be held in a permission, distributed ledger of ownership and transaction records, simplifying the process of transaction matching, settlement, custody, corporate actions and transaction reporting. Once the Smart Actuary is integrated with the custodian(s), issuing new Tontines denominated in different currencies and investing in different asset classes is relatively straightforward for different types of consumers. A small but growing section of the global population has eschewed the FIAT economy and are now partly or wholly managing their financial affairs within the crypto economy.
TonTine Token Sale
TontineTrust is preparing a Token to raise funds for product development and integration and to fund the launch of the first modern-day Tontines. The tokens can be purchased using BTC, BCH, ETH, XLM, US$ plus others as supported in the Token Sale platform from time-to-time.
- Start Date2018-06-04
- End Date2018-06-22
- Payment MethodBTCETHLTC
- Total Supply340000000