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In mid 2021 Kang appears to have decided he wanted to be a crypto bro. Cue The Token Network’s launch on or around October 2021.
Does tokenizing my assets achieve any practical purpose? And if I was going to perform this pointless task, why not just set up an ERC-20 shittoken in 30 seconds at little to no cost?
According to Kang’s LinkedIn profile he’s based out of Germany. This is presumably where The Token Network is operated from.
TeamBooster pool tier qualification is calculated weekly. It is based off of personal recruitment efforts and that of those you recruit (unilevel).
From there it’s a sliding scale. Qualification for each of the higher nine TeamBooster pool tiers is dynamically calculated based on total volume generated by TeamBooster qualified affiliates.
The electricity that is expended in the process of mining Bitcoin has become a topic of heavy debate over the past few years. It is a process that makes Bitcoin extremely energy-hungry by design, as the currency requires a huge amount of hash calculations for its ultimate goal of processing financial transactions without intermediaries (peer-to-peer). The primary fuel for each of these calculations is electricity. The Bitcoin network can be estimated to consume at least 2/55 gigawatts of electricity currently, and potentially 7/67 gigawatts in the future, making it comparable with countries such as Ireland (3/1 gigawatts) and Austria (8/2 gigawatts). Economic models tell us that Bitcoin's electricity consumption will gravitate toward the latter number. A look at Bitcoin miner production estimates suggests that this number could already be reached in 2021.
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Joining The Token Network
The Token Network operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website.
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