Time Money will be first decentralized platform

Unique per minute calculation system and Blockchain technology makes platform to be secure and transparent. We will ensure that these meetings between users are mutually beneficiary, great quality and rewarded. All transactions between users will be documented in Smart contract-based payment gateway, which will be recorded in Blockchain, which currently is most secure system and open to the world.

Our team consist of highly respected and recognized Latvian entrepreneurs, who came together. Time Money CEO Oskars Dombrava has big experience in telecommunications and internet marketing, but his passion for this project started in 2016, when he saw need for such service living in Miami, Florida. After creating bulletproof business plan together with some of huge Venture capital company advisers, focus groups and IT experts, finally workflow, platform logic, proof of concept was developed. Only thing what was missing was logical solution to make it secure and transparent same time and available worldwide. 2017 was the year, when it was growth of the Blokchain technology and instantly we knew it was missing piece.

By using Blockchain and Smart Contracts, we can guarantee our users security, worldwide reach and necessary transparency. Currently there is no other application in the market, which allows people to provide any skill set on demand and get rewarded for that. Our unique per minute and per task calculation system will make sure users always know what the reward will be. Popular on-demand applications are niche orientated, example Uber is for rides, Airbnb is for rentals however there is no united decentralized solution. On-demand economy is growing and Uber estimated worth is around $90bn USD. Time has become real value and our target is to disrupt current old 9-5 job systems and let people use their time to grow their wealth.

Time Money platform work on internal currency- TMONEY token. TMONEY token will allow users not to depend on banks or any other financial institutions. TMONEY is based on Ethereum protocol and will be used for all transactions in Time Money platform. TMONEY token will be controlled by users, so there will not be any fee for holding TMONEY token. By using our cryptocurrency, it will give people relevant flexibility to use tokens as they wish- pay for services of other users, hold or trade for other crypto or fiat currencies. Since TMONEY is ERC20 token, then it will be very easy to convertible to any well-recognized crypto or fiat currency.

Time Money platform launch is planned for 2019 in Florida, USA and later that year we expect to expand to other states in US. Our goal is to scale Time Money reach worldwide with local marketing teams in following years. We expect to become profitable by third year. Main revenue will come from platform fee per transaction, which will be 10%, which is less than Uber or other on-demand economy platforms charge.

Time Money Vision is to replace current and old job systems around the world, allow people to choose what they do with their time and increase productivity and improve people daily life worldwide.

Since the late 2000s, when Uber and Telegram launched, the world has been watching the rise of on-demand and encrypted services. Many projections believe that on-demand economy will change job system. Currently people more and more people choose to become Uber drivers, Airbnb hosts, Wag dog walkers and freelancers. People try to escape
traditional job system and “rat race”. However current on-demand applications are very niche oriented, which eliminates lot of people, who can provide great service to other people, but don’t want to be dog walkers, movers or drivers.

Time Money will change that and connect all the people inside one big platform. Anyone will be able to provide his unique skillset and help other people and get rewarded for time he spends. Time Money will be encrypted, so users decide what kind of service they need and can provide other users. Time Money will be technical solution, which allows people to connect secure and safe ondemand and receive quality service.

GROWTH OF PLATFORM

HOW WE SUSTAIN GROWTH OF PLATFORM?
Unlike other platforms that charge a 13-25% commission fee from user, not to mention another 5% given to the payment system, funds on Time Money are transferred to users practically in their entirety in the form of cryptocurrency. The platform charges 10% from service providers. This fee is taken when the meeting has successfully finished and approved from meeting provider and meeting requester. This fee is transferred to the Time Money reserve fund (see Fund section below).

Comparison of various commissions and rates to attract backers from all over the world (including bank account fees). All other funds are immediately transferred to a service provider who decides where, how, and on what terms their taxes will be paid. Therefore, many service providers of Time Money pay only 10% fees in ETH as compared to a minimum of 13%-25% which they pay on other platforms and have possibility to provide much bigger variety of services.
This commission goes to ensuring the maintenance and development of the platform, as well marketing and user acquisition activities. Professionals will manage fund, only reliable and prospective companies will be hired for marketing, accounting, technical support or other activities, which will increase Time Money platform reliability, security and popularity. We predict high growth potential, which will increase the capitalization of TMONEY token and Time Money platform.

FUND

Time Money charges a fee from successfully completed deal 10%, which will convert to ETH and transferred to Fund. After that ETH is transferred to Fund. 5% of the fees go to ensuring the maintenance and development of the platform, and 5% of the tokens will automatically be sent to the reserve fund. As the platform develops, more and more tokens will accumulate in the fund. Reserve fund will be used to increase marketing activities and user acquisition.

In the event of Time Money platform user engagement and amount increases, the value of the reserve fund will increase many times, and will increase marketing and reach. In the future, we plan to register a non-profit foundation as a separate entity. This will be feasible when all necessary regulatory approvals are clarified, primarily the SEC and MAS. After that, the fund will be officially registered as a separate legal entity (fund), and management will be decentralized and transferred to the community, which annually elects its representatives - delegates. This fund will invest in philanthropy and educating people about benefits of crypto currency and Blockchain technology.

ICO RAISED FUND DISTRIBUTION
HARD CAP SCENARIO

Marketing- 50%

For platforms marketing is key feature, that is why we will allocated 50% of budget

• Our marketing will consist of hiring local marketing agency with proven track record in places where we plan to launch platform.
• Our key marketing will consist of three step process: strong teaser campaign, viral launch campaign and referral campaign (user attract user)
• We will headhunt for Chief Marketing director to provide our growth in long term
• Salaries for marketing and customer care will be included in this budget
  Platform development/support- 20%
• To support growth and secure development of application, significant budget has been allocated to development. We will hire developers of other
  successful iOS and Android on demand applications and technical experts in fields of: Tokenization, Blockchain, Backend, Big data etc.
• Full-scale workflow, sprints and technical specification is written, reviewed and approved by our Chief Technical officer.
• Estimate development of platform takes around 2 months and we already have interviewed different programming companies, which can help
  develop modules for hard core
• Salaries for technical staff will be in this budget

Operational costs- 12%

These costs include Headquarters for our team, salaries for accountant, lawyer and other staff members.
As well this will include other operational costs, like travel, transportation, consultants, advisors, insurance etc.

Founder/Advisory/Consultants- 15%

This will be one-time payment to team of founder, team, advisers, consultants, who contributed to project and raising money for ICO.

Reserve fund- 3%

This will be paid into reserve fund, which can be used in case of emergency or to support TMONEY liquidity.

SOFT CAP SCENARIO

Marketing- 30%

By raising soft cap only we limit our marketing opportunity just to Florida few counties, which will reflect on speed of TMONEY growth. Soft cap allows us to launch the product with minimum required marketing and technical support.

Platform development/support- 30%

In Soft cap scenario we will need at least dedicate 30% to platform and tech support. These cost may change if tech app development market changes.

Operational costs- 12%

These costs include Headquarters for our team, salaries for accountant, lawyer and other staff members. Roadshows, direct meetings will minimize.

Founder/Advisory/Consultants- 15%

This will be one-time payment to team of founder, team, advisers, consultants, who contributed to project and raising money for ICO.

Reserve fund- 3%

This will be paid into reserve fund, which can be used in case of emergency or to support TMONEY liquidity. TMONEY coin distribution The initial issue of TMONEY is programmed by a Smart Contract and will be carried out in the following:
Total coins issued：400,000,000 TMONEY
We will be locking up 160 million TMONEY coins
(that is the Time Money-owned portion and 40% of the total amount of TMONEY coins) for 2 months after the ICO closes.

Road Map

Information Details :

Website : https://tmoney.io/
Whitepaper : https://tmoney.io/tmoneywhitepaper.pdf
Facebook : https://www.facebook.com/timemoneyapp/
Twitter : https://twitter.com/tmoneyio
Telegram : https://t.me/tmoneyico

Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=870180