TROPTIONS FREQUENTLY ASKED QUESTIONS
Understanding the world of cryptocurrency cannot be underestimated.
Please refer to our frequently asked questions below.
And of course please feel free to contact us for more information!
Q: WHAT ARE TROPTIONS?
TROPTIONS stands for Trade Options. This new kind of money gives the holders at least three options.
They can be:
- Exchanged for goods and services in a direct peer to peer barter system therefore bypassing the middle-man and his fees.
- Stored with no expiration date or system tax.
- Traded in a marketplace in exchange for cash or other digital assets called tokens or coins.
TROPTIONS has an ecosystem built around it serviced and managed by TROPTIONS CORPORATION. This entity exists to facilitate the usefulness and utility of TROPTIONS for the holders by:
- Providing education and assistance in the best practices of TROPTIONS use.
- Increasing the marketplace for TROPTIONS purchases.
- Promoting increased visibility and value of TROPTIONS in national and international trading markets.
TROPTIONS is a unit of monetary purchasing power that can be acquired with cash, products, services and labor. Once TROPTIONS are acquired, they are protected with high security cryptography. Unlike U.S. Dollars, TROPTIONS cannot be counterfeited or double spent. They also can’t be controlled by a third party.
The electronic account that holds TROPTIONS, called a wallet, is totally under the power of the owner of that wallet to spend, sell, exchange or otherwise dispose of TROPTIONS as the wallet owner sees fit.
No central authority or governing body can, in any way, restrict the holder of a TROPTIONS wallet and therefore no one entity can stop the flow of TROPTIONS to anyone or from anyone.
- TROPTIONS are designated as a product by the IRS and a commodity by the Commodity Futures Trading Commission.
- TROPTIONS are NOT a security and therefore not under the auspices of the SEC.
- TROPTIONS, though a product/commodity, act like and can be used as a currency to purchase goods and services and initiate transactions in the categories of business, personal or investments.
TROPTIONS is a hybrid financial instrument that has:
- The commodity backing of a barter dollar, but is not a barter dollar
- The purchasing power of a currency, but is not a currency
- The trading and value growth potential of a stock, but it is not a stock.
TROPTIONS take the inherent, inert, potential power of unused capacity, underutilized assets, idle equipment and sidelined labor and turns it into dynamic financial energy.
TROPTIONS opens up an exchange with a myriad of options never possible before. If you have a property or business opportunity that’s “stuck”, exchanging for Troptions may be an extremely attractive alternative.
Q: WHAT IS THE STATUS OF TROPTIONS?
The Troptions Corporation has been in existence for seven years but created the Troptions cryptocurrency only a year ago. The usual path for a cryptocurrency is for it to be created and then to undergo an Initial Coin Offering (ICO). An ICO has been named to mimic an IPO and it has some of the same effects: the coin is more publicly available and traded after the ICO and the ICO is used as an opportunity to increase the investment in the coin and its market capitalization. However, some coins have used ICOs as ways to issue stock without going through all the required paperwork for an IPO. As a result, some countries (e.g., China) have banned ICOs.
Troptions has embraced the IRS designation of cryptocurrency as a product because it fits very well with the Troptions model. Troptions are available Through the Troptions Corp for purchase for products and services.
Over the past year, Troptions have been used to purchase many different assets including hotels, land, other real estate, fine art, companies, web services, and has been used to pay employees. Unlike most cryptocurrencies that are little more than a white paper, Troptions is already being used as a currency and exchange medium. The reality of the deals Troptions has closed has resulted in price increases from a few cents to the current price of $200.00 per Troption AUS (roughly a 1500% increase in less than a year).
The current status of Troptions and its current price can be viewed at: http://troptionsxchange.com
In summary, Troptions has one of the best business models of any cryptocurrency, has already risen dramatically and is poised for continued increase supported by real assets.
Q: HOW MANY TYPES OF TROPTIONS ARE THERE?
There are Three.
Q: HOW DO YOU FIND THEM ON THE XCHAIN?
Q: WHY TROPTIONS INSTEAD OF DOLLARS OR EURO’S?
In the last seven years the purchasing power of the U.S. Dollar has fallen from being worth
four cents to two cents. Euros have roughly tracked dollars as well – a 50% LOSS in purchasing power!
In the last seven years Bitcoin went from being worth one cent to over $15,000 dollars – a 500,000% GAIN in purchasing power!
Troptions is a new crypto currency, In essence, Troptions is where Bitcoin was a few years ago. There is no guarantee that it will have the same meteoric rise as Bitcoin, but a small fraction of the increase would be sufficient to outperform other investment vehicles while also providing all of Troptions other advantages (privacy, international use, exchange directly for other assets, security).
The current monetary policy pursued by all nations is to ensure that modest inflation on the order of 2-3% occurs annually. Inflation, however, acts as a hidden tax on fiat currency (like dollars and euros) reducing its value steadily. Cryptocurrency (at least so far) has instead increased its value and purchasing power. Holding Troptions, like holding other assets, can preserve value and purchasing power in a form that is immune from any nation’s efforts to control it.
Q: WHAT IS THE BITCOIN BLOCKCHAIN?
According to Investopia “The blockchain is seen as the main technological innovation of Bitcoin, since it stands as proof of all the transactions on the network. A block is the ‘current’ part of a blockchain which records some or all of the recent transactions, and once completed goes into the blockchain as permanent database.”
Block-chain is a type of distributed ledger or decentralized database that keeps records of digital transactions. Rather than having a central administrator like a bank, a distributed ledger has a network of replicated databases, synchronized via the Internet and visible to anyone within the network. Blockchain networks can be private, like an intranet, or public, like the Internet. The TROPTIONS network is private.
When a digital transaction is carried out, it is grouped together in a cryptographically protected block with other transactions that have occurred in the last 10 minutes and sent out to the entire network. Miners (members in the network with high levels of computing power) then compete to validate the transactions by solving complex coded problems. The first miner to solve the problems and validate the block receives a reward for that effort.
The validated block of transactions is then timestamped and added to a chain in a linear, chronological order. New blocks of validated transactions are linked to older blocks, making a chain of blocks that show every transaction made in the history of that block-chain. The entire chain is continually updated so that every ledger in the network is the same, giving each member the ability to prove who owns what at any given time.
Blockchain’s decentralized, open and cryptographic nature allow people to transact peer to peer. This makes the need for intermediaries obsolete. It also brings unprecedented security benefits. Hacking attacks that have impacted large centralized intermediaries like banks would be virtually impossible to pull off on the blockchain, which would require hacking into every ledger in the network simultaneously. Making blockchain even more secure is that each transaction has no information about each participant.
Q: WHAT EXACTLY IS CRYPTOCURRENCY?
What is money?
We’re all accustomed to thinking about money or currency in a particular way — most times, as either the paper and coins we carry around, or the deposits we keep at banks to pay for things we buy. Also, as what we receive in exchange for something we do, such as providing labor (working) or capital (investing).
But if we dive a little deeper, currency actually represents limited entries in a database no one can change without fulfilling specific conditions. Whoa, let’s slow down and explain that.
To illustrate, take the physical notes and coins in your pocket. Aren’t they really limited entries in a database controlled by the Federal Reserve System? The Fed can expand and contract the money supply if it takes certain actions, but it is the only one with the “dollar database.”
Or take the money in your bank account: Isn’t it really just entries in a database that only the bank can change when specific conditions are met?
Money is all about a verified entry in some kind of database of accounts, balances and transactions.
A cryptocurrency is different from what we typically think of as money in that the ledger, or central record is distributed among many people, and all those people have a record of the complete history of all transactions and thus of the balance of every account.
A transaction in the TROPTIONS cryptocurrency is a file that says, “Sam gives X number of TROPTIONS to Samantha” and is signed by Sam’s private key. That’s basic cryptography. After signing, the transaction is broadcast in the network, sent from one peer to every other peer. That’s simple too.
Next comes confirmation of the transaction, which is critical in cryptocurrencies.
When a transaction is confirmed, it is no longer forge-able or reversible; it becomes part of an immutable record of historical transactions called the block-chain.
TROPTIONS is called a cryptocurrency because the consensus-keeping process is secured by strong cryptography, not by people or trust, but by math. This means it is statistically more probable that an asteroid would fall on your house than that a TROPTIONS address would be compromised.
Most cryptocurrencies share a common set of properties. Like other cryptocurrencies, TROPTIONS has the following transactional properties:
- It’s irreversible. After a TROPTIONS transaction is confirmed, it cannot be reversed by anyone, anywhere, ever.
- It’s anonymous. Transactions and accounts are not connected to real-world identities. You receive TROPTIONS on so-called addresses, which are random chains of about 30 characters.
- It’s fast and global. Transactions appear nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent to physical location anywhere in the world.
- It’s secure. TROPTIONS funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A TROPTIONS address is more secure than Fort Knox.
- It’s permission-less. Anyone can use TROPTIONS for free. No one can prevent you from using it because there are no gatekeepers.
Q: WHAT ARE FLASH AUCTIONS?
TROPTIONS focus is on creating a vibrant trading community.
TROPTIONS is THE real estate cyber currency and is continually seeking interesting real estate as well as lifestyle items that will be of interest to our community. As a showcase for some of the possibilities that are presented for trade to coin holders, TROPTIONS conducts periodic auctions with offerings that are exclusively within the TROPTIONS system.
As TROPTIONS curators find offerings of particular interest to the Troption’s trading community, some will be designated for the periodic Flash Auctions to allow TROPTIONS holders a highly visible and competitive opportunity to acquire interesting offerings of their choosing.
Each flash auction will make an announced donation to benefit veterans’ causes. It is a heart-felt way of paying recognition to those who have served our country and provided us the freedom to enjoy the opportunities that TROPTIONS provide.
Flash auctions offers TROPTIONS holders a chance to acquire many unique offerings and a window to the buying power of TROPTIONS. Importantly, between auctions, interesting offerings will always be available on this site for acquisition.
Q. WHY IS THE TROPTIONS LISTED ON THE XCHAIN.io?
All currency’s are listed on a block-chains like Xchain, this is a place for our Troptions holders to keep up with the amount of Troptions that are in their wallets and easy to transfer the Troptions in there wallets. Troptions will be listed on many blockchains in the future.
Q. CAN I BUY TROPTIONS ON THE OPEN MARKET?
NO, only on the Troptions Official website.
Q. What does the IRS say about Crypto Currency?
The IRS has stated that Crypto Currency is a product and that is way, ICO’s the investor needs to be accredited investor which will eliminate the majority of people, because Troptions sell products to our holders and services we aren’t doing a Product Launch.
Q. WHAT IS A NON-ACCREDITED INVESTOR?
An investor who does not meet the net worth requirements for an accredited investor under the Securities & Exchange Commission’s Regulation D. A non-accredited individual investor is one who has a net worth of less than $1 million (including spouse) and who earned less than $200,000 annually ($300,000 with spouse) in.
Q. WHAT IS AN ACCREDITED INVESTOR?
In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one’s primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount.
Q. WHAT CAN I BUY WITH TROPTIONS?
You can buy Cars, Real Estate, Business, Hotel Rooms, Gems, and many other things Troptions is growing in Value and Liquidity each and every day. Soon Gas, Insurance, Apparel, and Furniture and Airline tickets and much much more all coming to you on Trop Shop.
Q. WHAT KIND OF DEALS DOES THE TROPTIONS CORP LOOK FOR?
Real Estate, Commercial Real Estate, Businesses, Patents, Trade mark, Movies, any cash flowing businesses we can discount to the Troptions holders for them to use our Currency.
Q. WHY SHOULD I BUY TROPTIONS OVER OTHER CURRENCY’S?
Easy Question. Troptions is buying assets each and everyday with well over 1.5 Billion dollars in assets and growing Troptions marketplace platform where our coin holders will are able to use their Troptions to purchase, each and every single day. Other Currency’s are limited to what you can buy with them. Troptions is a world wide currency which opens the doors to all of our holders. More assets more value. Troptions has proven the different types of industry that will take Troptions are you Ready?
Q. DO YOU HAVE AN EARNINGS’S DISCLAIMER?
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