Question 1

What is TigerCash (TIGERC)?

Accepted Answer

TigerCash (TIGERC) is a cryptocurrency operating on the Ethereum platform. It was introduced as an exchange token by CoinTiger, a significant cryptocurrency exchange. This digital asset is constructed on the Ethereum network and functions in a decentralized manner. TigerCash has a total supply of 1 billion tokens, with 55,999,900 in circulation. This cryptocurrency has a burning mechanism, where a portion of the tokens is periodically bought back from the market and burned, reducing the total supply. Initially launched on November 15, 2017, TigerCash has undergone changes in its smart contract, moving from its original Ethereum address to new addresses supported by BSC (Binance Smart Chain), ERC, and HECO​​​​.

Question 2

What is TigerCash (TIGERC) used for?

Accepted Answer

TigerCash serves several functions and provides various advantages to its holders within the CoinTiger exchange ecosystem. Being an exchange token, it offers certain benefits to its users. TigerCash implements a regular burning mechanism, which is a deflationary strategy aimed at increasing the asset's value over time by decreasing its supply. Furthermore, TigerCash holders become stakeholders in the CoinTiger exchange. The exchange distributes 50% of its net profit annually among all TIGERC token holders. The remaining 50% of profits are used for further development and buying back and burning circulating TIGERC tokens. Users holding a significant amount of TIGERC can also have a say in the exchange's decentralized governance, depending on their holding amount.

***Although 'TCH' was the ticker assigned at the deployment of the TigerCash token's smart contract, it is in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this association and to avoid confusion in the marketplace, the alternative ticker 'TIGERC' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***