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Tokenpay (TPAY)

Market Cap

$20,178,218 USD

Volume (24h)

$455,376 USD

3.5
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    TokenPay Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    TokenPay Volume Ratio Rank: 2/100

  • Market Cap

    The total cost of all coins available.

    TokenPay Market Cap Rank: 93/100

  • 24h Change

    Is the price moving up or down?

    TokenPay 24h Change Rank: 49/100

  • Google Trends

    How many users are searching for the coin?

    TokenPay Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    TokenPay Twitter Citation Rank: 64/100

  • User Voting

    How popular is this coin among Cointobuy community?

    TokenPay User Voting Rank: 97/100

TokenPay investment analysis

TPAY is a currency that is meant to provide safety and privacy to its users. They utilize the TOR network to privatize transactions, and they also have a dual-key stealth address option for added protection. In fact, they seem to be utilizing pretty much every privacy feature currently available to coins including ring signatures and zero knowledge protocol.

Their plans seem to be a little conflicting though as their roadmap also includes plans to open their own banking charter and to manufacture Master Card based debit cards. All of these will be under AML and KYC procedures, which effectively strips all of the privacy features from the coin.

TPAY wants to be two kinds of cryptocurrency, but it doesn't really do either very well. If you plan to make a TokenPay investment, then you should carefully consider the competition they face in both the realm of private transaction focused coins, and in those that are looking to be your new bank. Due to a lack of marketing, they are likely to struggle in both areas.

current price
$1.26
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+43.2%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$1.8
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

293/2213
by Safety
1432/2213
by Profit
historical data

How to buy TokenPay?

There's currently only one exchange carrying this asset, and that could make it a little difficult to buy TokenPay if they experience any problems, or their exchange does not allow your country. It can also create some serious liquidity problems, and even more issues if they get de-listed, leaving them as a token with no home! Bitcoin is the only really viable trading pair here, but there is a little wiggle room with Ethereum trading.

The best way to store your TPAY tokens is by using one of the official wallets from the website. They have desktop versions for Mac, Linux, and Windows, or if you prefer, you can also download the mobile wallets for Android and iOS. No matter which version you choose, be sure to back up your wallet file and keep it in a safe place to protect your investment. Preferably, this file should be kept on an external drive, not connected to the internet or your main computer.

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Is it safe to invest in TPAY now?

Compared to other coins, TPAY is trading surprisingly high, however, it's wise to be wary of a coin that is only on one exchange as it could mean they're having some difficulties, and if that exchange vanishes investors will be left with no safe haven in which to trade.

If we take a look at the TokenPay analysis we can see that Google trends for this project are not very good, and safety factor is quite low for an asset trading in this price range. If you plan to invest in TPAY you may want to consider the above factors carefully.

While everything on their roadmap seems attractive, these items just don't go together. TokenPay wants to be a privacy coin that somehow functions in a traditional banking ecosystem, and that just does not work very well. Users who are interested in private transactions are unlikely to adopt a currency that they will need to register for, and those who are okay with using a Master Card backed debit card have no real need for the privacy features.

This makes their game plan a little confusing, and there are far better options in both privacy and for ease of use if these features are used separately. As far as privacy coins go, nobody will stop using Monero in favor of TokenPay. There's just nothing there for these users to even consider it an option.

In the world of crypto banking, larger projects such as OmiseGo, Monaco or even PundiX can crush them with their existing technology, connections, and branding. PundiX has already begun distributing their own Point of Sale terminals to merchants, effectively freeing them from any partnerships with existing credit card processors.

While Monaco and TenX plan to play nice with the banking system, their branding and following are far superior to TPAY's. It's important that you carefully examine all options when making an investment, and in this case, TPAY will need to step up their game dramatically if they want to be a real player in either of the spaces that they are trying to occupy.

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