How Many Types of Conusmer Thokens?

There are four major types of Thokens.

• Open Thoken

  No specific face value is assigned to this thoken.

  You can use it to make payments as much as up to your 'Available Thoken Funds'.

  You must create or have at Least one 'Open' Thoken in a currency.

  Every time you use an "Open" Thoken" to make a payment, your "Available Thoken Funds" will be reduced by the amount of this payment.

• Denomninated Thoken

  A specific face value is assigned to this thoken.

  You can use it to pay the amount of its face value as many times as up to your "Available Thoken Funds" / the Face Value. For example, if your "Available Thoken Funds" is $100, and the thoken has face value of 20 cents. Assume other things stay the same, you can use this thoken to make $100/.2 = 500 times of 20-cent payments.

  Every time you use a "Denominated" Thoken" to make a payment, your "Available Thoken Funds" will be reduced by the amount of this payment.

  The face value of a thoken makes your payment process simpler. However, you need to make sure the face value of your thoken is the same as the price asked or acceptable by the provider.

• Gift Card Thoken

  This type of thoken has a designated face value, it is created and will be forwarded as a gift card to other consumer.

  As soon as a gift card Thoken is created, regardless whether it has been forwarded out to other consumer and already used for payment, your "Available Thoken Funds" will be reduced by its face value.

  Conversely, as soon as a gift card Thoken is dismissed, your "Available Thoken Funds" will be increased by its face value.

• Public Thoken

  This type of Thoken is created to be circulated as a payment medium outside of Thoken system.