About Thoken

(to be further worked on)

Challenges in micropayments call for a specially-designed payment system, which should be much simpler, much swifter and much less costly. Thoken is such a novel micropayment system.

Thoken Is a Crypto Token of Sovereign Currencies

A thoken, is a crypto token that, like a gift card, virtually represents a certain amount of money. Consumers use sovereign currencies purchase thokens from the Thoken platform, their ownership of thokens are registered in the thoken ledger database.

Thoken USD Open

Thoken EUR1.00

There are naturally two types of Thoken users.

Consumer: a user who uses Thoken to make digital payments for exchanging information, goods and/or services or fulfilling other legal and lawful purposes.

Merchant or Provider: a merchant who, through its websites or any type of digital platforms to provide any type of information, goods and/or services to consumers or fulfill other legal and lawful purposes of consumers in exchange for monetary interests.

Thoken is a Digital Medium of Micro-Payments.

Consumers use thoken to make payments within Thoken network. Such payment transaction indeed is processed as account transfer in the backend, namely, the amount of payment is taken out from the payer’s thoken and credited on the payee’s account in the Thoken ledger database.

Thoken Micropayment Is both Less Costly and More Convenient

Processing thoken micropayments is essentially an internal account transfer within Thoken platform. So there is a room to make micropayments more economic.

Thoken itself already contains certain information and hence less information needs to be provided by the consumer at transaction. In this regard, using Thoken to make micropayments is simpler and more convenient.