Rainbow Currency Announcement July 19, 2018
Short overview about the most important facts for private persons and for businesses:
BENEFITS OF THE TWNKLCHAIN
- 100% Secure TwnklChain has all the security features of modern blockchain technology. It is impossible to manipulate transactions, and it is impossible to create additional coins, once a currency is created.
- 100% Private A big drawback of public blockchains is that everybody can see every detail of every transaction as well as every balance of every wallet. It is like posting your bank statements on Facebook. With TwnklChain, nobody but you can see your balances, and nobody can retrieve any personal data from transactions.
- 100% Transparent Nevertheless, TwnklChain is fully transparent. Every interested person can check at any time the total supply of coins as well as the ledger of all transactions. For each transaction, there will be the transaction ID, the hash, the timestamp, the amount, the value, and the status displayed.
- 100% Fast Public blockchains suffer from very long transaction times, literally making instant payments impossible. With TwnklChain we are set up for processing thousands of payments per second, which adds up to more than 100 million transactions per day.
- 100% Cheap Especially in busy times, not only transaction times, but transaction fees explode on public blockchains. How does it make sense to pay $50 fee to pay for a $5 coffee? With TwnklChain, there is a fair and low fee for transactions: 0.1% per transaction with a minimum fee of 0.001 Twnkl (YEM) and a maximum fee of 1,000 Twnkls (YEM). Paying $5 for a coffee with Twnkl (YEM) is a tiny fee of a half (0.5) U.S. Cent in value.
- 100% Legal The TwnklChain is legal in every aspect, and it is prepared for the future. For example, Governments might establish a transaction tax or other forms of fees. On top of that, we already fulfill all requirements for being an official substitute currency for Euros. Every currency holder needs to go through an identification process, which is a nightmare for all the bad guys, because they love the anonymity of public blockchains.
- 100% Convenient Making payments with TwnklChain is convenient and easy. The PerNumPay App just needs the amount and the PerNums of sender and receiver, all secured by your random One-time PIN. Our payments are faster than any other form of payment with comparable security features.
➢ Rainbow Currency will have its own blockchain named ‘TwnklChain’
➢ All current Twnkl (YEM) need to be transferred back into the SafeZone as soon as possible
➢ Twnkl (YEM) will be delisted on all exchanges but CCS
➢ August 15 is the planned day for the blockchain switch
➢ Twnkl (YEM) will always be traded at a minimum value of US$0.01 or higher
➢ The PerNumPay App will launch together with TwnklChain
➢ Members who lost Twnkl (YEM) at OctaEx will receive a refund
Read the complete announcement here: RC_Announcement_18-07-19.pdf