Emerging growth company in the Internet applications space, Tautachrome (OTCMKTS:TTCM) on August 3, 2021 announced finalising architecture as well as features of its far-reaching ARknet-based cryptocurrency ecosystem.
The planned token, XAR, will give multiple functions as well as facilitate number of novel features within ARknet ecosystem. The XAR token will take advantage of both Etheriumblockchain and Factom Protocol by connecting the two networks.
Dr. Jon N. Leonard, Tautachrome’s CEO said that the firm appreciates the design of XAR token and its aim withARknet platform is to have an ecosystem allowing interaction without losing economic value
Leonard added that XAR token is key for enabling frictionless and instant purchase transactions between platform providers or services as well as consumers for transactions of any size. The CEO also said that it would be driving creation of XAR ecosystem through ARknet platform activity in a systematic and built-in token reward system that incentivizes activities delivering value.
Dr. Leonard said that the risks posed to national governments for value of currencies can be mitigated through tokenomics, which will last independent of the politics of election cycles. Leonard said that the firm is moving ahead with implementation of its grand ARknet vision of an AR reality for reshaping human experiences. The company expects to launch ecosystem in quarter four of the current year.