ABOUT TRANSCRYPT

![](https://steemitimages.com/DQmfWjC1T8xm8pr17VK1XytK3HjRpeiBhyDWeEzkmqvQedh/image.png) Today, along with the development of blockchain technology, a variety of electronic currencies are also formed in the form of ICO (Initial Coin Offering) projects. However, it is not accepted in most countries. Because they are concerned that accepting e-money means that the national sovereignty over the currency is violated, facilitating tax evasion, illegal transfers, illegal payments, illegal financing of transactions because of the virtual currency payment transaction is anonymous, with no trace. Meanwhile, cash still plays a leading role in daily financial exchanges. Government's legitimacy for this currency makes it more popular. Therefore, the gap between these two currencies is growing. Transcrpyt aims to bridge this gap by giving its users the ability to trade in and exchange between fiat monies and cryptocurrencies. Transcrypt is a new payment application. It is similar to PayPal, but for Cryptocurrency. Transcrypt will send and receive money in both its conventional currencies (Dollars, Pounds, Rupees, Euros and such), and in cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dogecoin, and such). ![](https://steemitimages.com/DQmPPH4UdSDwTc9mDexNShYxp2owWnHkcZXZwQsBUEzsWdc/image.png) According to Statista, the number of people using mesenger applications to exchange information is huge because it's fast, easy, and convenient. Taking advantage of this potential, Transcrpyt wants to make the transaction simply as send a message. And the one you need is just a Telegram username. ![](https://steemitimages.com/DQmUiCwXerxnGUPqkMzYZWETpoTjZFQG8vKrYShmaQiED57/image.png) Aside from its intuitive payment system, Transcrypt has a built-in chat system, accounting software and a secure, and decentralized Blockchain known as The Tizer.

Characteristics:

- With TransCrypt, users can convert and pay with electronic money and fiat money. - TransCrypt offers users the ability to shop on the internet and store, manage wallets and accounts for multiple currencies. - TransCrypt users can request debit cards or use non-contact NFC payments with smartphones. - TransCrypt offers B2B payment and POS systems. - Make a successful payment wherever, via a plastic card or TransCrypt card: TransCrypt is a multi-currency wallet. The TSR token is the token that will be used in all transactions that will take place inside Transcrypt. It is based on the Ethereum smart contract. After the transition of the Transcrypt platform to its own Tizer Blockchain, the Ethereum token will be exchanged for a Tizer Standard Token (TSR token) at a 1:1 ratio. The owners of the TSR token will be able to issue new coins, buy and sell them at the exchange, propose and vote for plans for the development of the Tizer Blockchain and enjoy many other benefits.

WHO BEHIND THE PROJECT?

The team behind TransCrypt project can be considered an advantage for the project. The team is relatively big compared to other startups and ICO projects and consists of experienced and skilled people. There are photos and LinkedIn accounts provided next to the members to prove that they are real people, as many suspicious projects refuse to showcase their members. Apart from developers, who take care of technical side of the project and developing the sole platform, there are people responsible for maintaining the contact with the community and potential investors, while the whole advertising side and marketing strategy is also in good hands. The following is the information of some key members. The rest of you can see more details at their official website:

Core team

![](https://steemitimages.com/DQmRSSQ4EooGsYGGBo5ntABpvw7cBQEiDoXYxdXHHMEgyHG/image.png) - Nick Machulis - CEO: For more than 15 years, has been managing projects and developing business in the field of payment systems and fintech projects. Worked at Yandex. Money and Ulmart, developed toll collection systems for VINCI and Avtodor. - Elena Deshpit - PR & Marketing: Specializes in promoting startups, was responsible for digital marketing at URBURO and Pochta.fi. Was involved with international PR at Okko, and with retail and branding at Okko and Yota. Believes that you don’t always need huge budgets for quality marketing. - Alexander Volosovik - Dev-Ops Director: For more than 11 years, has been designing and ensuring performance increases and optimization of scalable systems. Experience in *NIX, Zabbix, Git, Mercurial, Jenkins, Gerrit, Crucible, Atlassian, system integration, and implementation of corporate infrastructure (AD, GPO, DNS, DHCP, DFS; VPN, Radius, RDP, cryptographic means).

Advisors

![](https://steemitimages.com/DQmW38EfChet3f2sp1QHZyAvxiEe512Tnxww5oy2p5hZeER/image.png)

ICO INFORMATION

![](https://steemitimages.com/DQmUbpFbv33W2ABcYb2LE2bwYkC1RU43XUre89WFG3JLwTy/image.png) The sale of the TSR token has already started since March 1st of 2018. The exchange rate for the ICO will be at a ratio of 1 TSR: 0.001 ETH. Bitcoin, Ethereum, and the US dollar are accepted as payment methods. Although a Softcap has not been set for this token sale, its Hardcap is set at 10 million TSR tokens. This ICO sale will end on April 15, 2018.

Token distribution

![](https://steemitimages.com/DQma9Yr5mCwLaom9RtFsgDE6n5pnjiEWzAjC2B1TFxUA3HQ/image.png)

ROADMAP

Transcrypt has gone through its closed Alpha and Beta stages, introducing Bitcoin wallets and transfers. It plans to have BitcoinCash, Ethereum, Litecoin and many other cryptocurrencies, as well as fiat currencies by the end of 2018. It also has plans to achieve the PCI DSS certification and the EMI license before the year is over. In 2019, Transcrypt plans to launch the Tizer Blockchain, integrate buying and selling of cryptocurrencies in the system, issue Transcrypt debit cards, audit the Tyzer Blockchain and launch a more stable version of it to the general public. ![](https://steemitimages.com/DQmZhPPDGXtHFxaC1i3wqW5rtCUivfGXCUdhoGU8gsLHMft/image.png)

PROJECT EVALUATION

Advantages

- TransCrypt is using Telegram as a base to launch a new universal payment system that acts within the interface of popular messaging platforms, allowing users to send or receive payments via message in all major cryptocurrencies. - With TransCrypt, users can carry out cryptocurrency transactions, convert currencies, purchase tokens and pay for services on all major devices. Transcrypt’s new platform will make cryptocurrency payments easier and faster than current fiat payment methods, in a compliant and secure ecosystem, as simple as sending a message. - The built-in conversion system means that exchanges are calculated automatically, and payments can be made in the required currency with precision and ease. - TransCrypt’s multi-currency wallet gives users access to transactions within a single and secure domain at a 0% commission rate within the TransCrypt network. - The global cryptocurrency transaction market is one of the fastest growing sectors. The volume of daily transactions in 2017 increased 15 times from that of the previous year, exceeding the billion-dollar mark. This shows the potential of project in the future.

Disadvantages

There will be competitors in technology and solutions such as: ETHLend, LendOIT, CoinLoan,... Hope Transcrypt always hold the leading position as today.

CONCLUSION

If you are seeking a promising ICO for investment purpose then you can participate in the Transcrypt ICO. The project is very well prepared from the technical and business side, with very extensive and transparent whitepapers and roadmap. Transcrypt received a very positive feedback from professional community and high rating from rating agencies. Transcrypt is a very unique idea for currency exchange as these systems are now very complex and wasteful. I find this project to have novel ideas and I also find the project potential is great for future development. I will participate in this project to contribute to the development of the platform, I hope that the project will continue to grow. Join with me!

USEFULL LINKS

Website: https://tsrpay.com Whitepaper: https://tsrpay.com/docs/whitepaper.pdf Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3070065.0 Facebook: https://www.facebook.com/tsrpay/ Telegram: https://t.me/tsrpay Twitter: https://twitter.com/tsrpay Instagram: https://www.instagram.com/tsrpay/ Medium: https://medium.com/@tsrpay Reddit: https://www.reddit.com/user/TSRPAY/ Steemit: https://steemit.com/@transcrypt Author: Bitcointalk username: kld_hp Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734