Every trade, buy or sell, has a 15% flat transaction fee applied. Instead of this going to the exchange,
the fee is split between all currently held tokens!
15% of all volume this cryptocurrency ever experiences, is set aside for you the token holders, as ethereum rewards that you can instantly withdraw whenever you'd like.
Every ethereum transaction is handled by a piece of unchangable blockchain programming known as a smart-contract.
No need to fear, you're only entrusting your hard-earned ETH to an algorithmic robot accountant running on a decentralized blockchain network created by a russian madman worth billions, enforced by subsidized Chinese GPU farms that are consuming an amount of electricity larger than most third-world countries, sustaining an exchange that runs without any human involvement for as long as the ethereum network exists
Welcome to cryptocurrency.
Your tokens are safe, or somebody would be yelling at us by now.
To facilitate a smooth entry into this autonomously managed volumetric-reward insanity, we've created our own decentralized exchange to allow you to trade and track your tokens automatically.
For each token added or removed from circulation the price of the next token increases or decreases automatically by a fractional amount of ETH (about .0000001 eth).
When people buy, your tokens are worth slightly more, when they sell, slightly less. The exchange handles this for you, no need to think about price!
Gotta have a little sadness every once in a while so you know when the good times come.
The Token's namesake is a feature we lovingly call the "THT ethereum mining algorithm"
Simply put, when someone chooses to buy, sell or trade tokens, a 15% transaction fee is applied. That fee, proof of that trader's weak hands, is split across all tokens currently in circulation as a reward to those holding them. Buyers' newly-purchased tokens are added to circulation before the fee is allocated.
Anyone who holds tokens can withdraw their share of those earnings anytime, in ETH from the smart-contract pool, no fee attached.
You see that cute snek? He snatches up rewards for you on every trade, No matter what the token price does!
In addition to mining, you can stake 100 of your own tokens to create the first ethereum masternodes; Ever.
Owning a masternode gives you a unique link to our website that the smart contract recognizes, anyone buying into the contract via your link has 15% of all fees they would oherwise pay into the contract, directed to you instead as instant ethereum gains.
This is the active-gains component of our contract, we let you build your own network that rewards you!
Yes, our staking and mining systems are comedic jabs at cryptocurrency as a whole, they're also immensely more fun, and reward in (ETH) instead of something that "may" have value later.
That Smart contract (your new robo accounting buddy) holds all ethereum ever put into purchasing these tokens, and will gleefully give you all ethereum you are owed whenever you want to withdraw , or dump your tokens. You weak handed fool.
The robot is also indifferent to the plight of man, cannot be stopped, shut down, or ended without the death of the ethereum network itself
Managed by a smart contract entirely
Volume based earning
Not a "Concept" token
Serious in all the wrong ways.
Instead of simply playing with price over time like most crypto, we've added volume to the mix. Hodl finally might be a good long-term idea. (Instead of why you're down 50%)
The entire system is completely without human interaction. It's self governed, executed by the collective Ethereum blockchain. Masternodes even add a per-user profitable expansion system, allowing the contract to run as long as there's interested players, or really dedicated spammers.
Is bitcoin crashing? Crypto rise and falls got you burnt out? Our contract is designed to be a smart place to have your ethereum generate value whenever there's trading volume. You can sit back and worry about other things, like the fall of western civilization.
Unlike "Investment" engines like Bitconnect, THT is managed by a smart contract entirely. No human involvement in managing the ethereum at all. Period.
Our token's transfer system is built to automatically take 15% of all traded tokens, melt them into ETH, and hand it out to everyone else. Even if the trades occur outside the contract itself. Exchange support has never paid you before has it?
The concept for UBI involves taxing every transaction and paying it out to everyone; crypto is the perfect place to take inspiration from that model. Calling it 3D sounds way cooler than whatever those hippies are calling it though.
Our community is more than happy to answer any questions you might have! try our discord to chat with real people and some clever meme-bots (including the developers).
Or if you just want to read more about how everything works: Try our wiki
You may have noticed that we joke quite heavily about this currency: we have pyramid imagery on the site, intentionally mis-name nearly every feature, and even have entire sections referencing other cryptocurrency "Scams" in our benefactors / advisory board.
To anyone who enjoys our humor, this should be an obviously tongue-in-cheek joke about the state of cryptocurrency as a whole, the sad state of ICOs that promise everything while the Ethereum they are given vanishes into wallets never to be seen again. All the while espousing buzz-words like "Masternodes" "Staking" "Decentralization" "Smart Contracts" or "Ecosystems" to build hype on a product that does not exist.
That said, ironically our token is a fully functioning product that would continue to operate even if all the developers were to vanish.
Stay tuned for our goals in advancing the ICO model to be truly trustless.
Quite a bit of the feedback (read: attacks) on our platform are claims of the product being a Pyramid or Ponzi scheme.
The "THT" mechanics don't actually match any of these labels, but we understand it's hard to grasp this initially. We recognize that a trustless smart-contract managing value in this way simply was not possible before this point in computing history. There's no scheming here at all -- it's upfront, honest and completely transparent.
The way we like to describe this is to point out that in any places where we use pyramid imagery, the pyramid is mirrored with an upside down replica in the sky to represent that we've shifted the focal point between the two tips
In the case of a standard pyramid scheme, the first investors benefit the most heavily from the game as newer investors funnel money to the top. In a reverse pyramid scheme, the goal is upended to try to exponentially grow by trying to reward the newer investors the most.
In our case, neither is true. We simply punish everyone.
The shape instead forms an hourglass with both sides fighting constantly. Like an hourglass, the flowing sand (eth volume) between the two pyramids is the primary component of this game, rewarding neither the first investors nor the last. But simply everyone who holds the token as hard as they can through the many price fluctuations.
Call this an "Hourglass model" if you must assign a title, at least that would be accurate.
If you've made a transaction recently in an ethereum wallet, chances are you recieved a "JUST THT" token, maybe it even brought you here!
This token was our use of a clever exploit in the mechanics of ERC20 to give everyone who has an eth wallet an advertising token. It was actually given to you as a gift from one of our community members running a mining program that intentionally spread the token to as many wallets as possible, because i guess we're also the first developers to have a crypto-miner that gives other people tokens.
Within 3 days our token became the largest and most widely owned ERC20 token in the world, with 1.6 million+ wallets currently holding one visibly.
We are sorry to inform you that the advertising token is worthless, cannot be traded, sold, or even redeemed for value. Any attempts to remove it from your wallet simply result in you getting more of them
Keep it, it's our little gift from our community, to you!
Summary: A decentralized economic simulation of an algorithmically governed cryptocurrency in which the taxes on all transactions are awarded autonomously to currency owners instead of a governing body; resulting in a universal passive income based on adoption and transaction volume.
THT is a fiction-made-real blockchain enforced simulation of self-removal from pareto optimality; an economic concept in which there is no longer a way for an allocation of resources to improve without harming a participant of the model. In this case the harm is intentionally self-imposed due to a lack of patience against other opponents, or as an entry fee to start playing the game.
The result of this experiment in human temperamentality is a mutually beneficial agreement for all other participants in the model based on the decision of others to break Pareto optimality by entering or leaving the contract. The most uniquely expressed benefit is in the form of passive-Ethereum income generated by fees imposed on other players liquidating their positions into, or out of the game. These fees are distributed to token holders as a form of share-based return. The resulting volume-based income adds an expressive third dimension to the standard price/time calculations that are ubiquitous in cryptocurrency today.