Imagine that you could start your own cryptocurrency bank and design it any way that pleased you. What would you include? The top of the list might include a debit card that allows the use of both digital and traditional financial assets. You would probably want the ability to manage stocks, bonds, and insurance all from the same account connected to that same card. You’d take it one step further and create your own asset classes by tokenizing services, products, commodities, and anything else you can imagine. Your bank is getting rather complex, so you’ll need to add some artificial intelligence to help you along your financial journeys. The AI could help you budget, project future income and expenses, and recommend financial products tailored specifically to your needs. Oh, a great mobile app for your phone would be a nice touch also. You are designing your own bank, so why not?

What would you exclude? Perhaps you should start at the top with the banker. If you have ever had trouble relating to a bank president or had to jump through all the hoops associated with loans and other financial instruments, then you would likely appreciate more of a laid back, non-pressured approach to financial services. The traditional banking environment is often stuffy and uptight. You want your banker to be someone who is easy to approach and enjoyable to be around. Honestly, it would also be great if you never had to go to the bank in the first place! Since you’re creating your own bank, just skip the annoying and unnecessary lines altogether. You definitely want to be able to manage every aspect of your financial life from the comfort of your own home, workplace, and everywhere in between. At this point, your bank really doesn’t resemble a traditional bank any longer. In fact, it has become a universal economic platform, the likes of which have not been seen before. There are very good reasons why the world has not seen such a platform until now.

ETH for breakfast?

One primary reason is that current regulatory agencies are having a difficult time classifying crypto assets. There are many gray areas in current law, and very little consistency between various nations and entities. Colloquially, it is the wild, wild west out there in blockchain space. The red tape and regulatory nightmares dissuade most projects from attempting such an ambitious undertaking. Luckily for us though, such a dream project has already been developed by 2gether. They are based in Madrid, Spain and are getting ready to take Europe by storm as they roll out the beta version of their debit card. The 2gether team have been alpha testing the card and just recently posted this photo showing the use of the card to pay for breakfast with Ethereum. The card will be released this fall for general beta testing within the European Union. 2gether is proceeding carefully, step by step, and will be releasing beyond Europe to the USA, Canada, and the rest of the world in phases. The team from 2gether is not just planning a major economic platform, but rather have already built one and are currently beginning the roll out of their revolutionary product.

2gether Platform

A series of advanced tools lie behind the intuitive user interface of the 2gether app. These include artificial intelligence, Big Data, and blockchain. These three technologies all work together to provide the user a myriad of possibilities to manage a personal economy. Society is accustomed to automatic bill pay via traditional financial tools; for better or worse this sets the bar very low for some amazing opportunities. For example, the platform can aggregate accounts across multiple banks and financial products, such as credit cards, while also spanning the dimensions across fiat currencies and crypto. With such a broad vantage point of an individual’s overall portfolio, the platform supports a sophisticated management of finances including the forecasting of future expenses and risk. A personal AI financial advisor provides suggested actions to help users make decisions based on the data on hand. This is only the beginning of what the platform has to offer, as the scope of the project extends much further than AI enhanced financial management.

2GT token

The 2GT token is the main engine of the 2gether platform, functioning as the liaison between users and suppliers. 2GT is used as currency on the platform instead of fiat, allowing you to exchange 2GT tokens for products and services. The token will also be utilized for the following: membership, permissioned data sharing, contracting products and services, contributing to the community, and governance.

To become a member of the 2gether platform you will need to own one or more 2GT tokens. The 2gether platform has been designed to allocate 20% of the total 2GT supply to the community. By helping, sharing, referring, and improving 2gether you get rewarded with 2GT tokens. Furthermore, suppliers utilising the 2gether platform will pay commission, of which a small part will go to the community. The more tokens you own, the greater your cut from the commission will be. This provides a nice incentive to load up your 2GT bags!

Sharing Data has never been made fairer

Instead of requiring you to accept terms and conditions that will enable 2gether to use your data freely for business like many other tech companies do (Google, Facebook, Amazon etc.), 2gether will give you the opportunity to share your data for benefits. The 2gether Big Data tools and algorithms allow third parties to obtain valuable and anonymized insights while compensating you for your contributions. When you register on the 2gether platform, you will generate a certified digital identity that is stored on the blockchain and to which personal attributes may be added. You have access to your data panel to check, authorize, or revoke all the data that may be available for third parties. Any data that you choose to authorize for supplier use will be fully anonymized and secured by 2gether. To access your data and the Big Data tools, suppliers must pay 2gether with 2GT tokens. A portion of these tokens are automatically added to your wallet, to reward the sharing of your data. This token ecosystem is a fair and good solution to the many problems associated with (unwanted) data sharing for the platform users.

What’s in it for the suppliers?

The 2GT token enables suppliers to have access to the Big Data tools and databases. This in turn makes it possible for the suppliers to make customized quotations and offers for services. These quotes appear automatically in your private dashboard, and, as said before, the suppliers only have access to the personal data that you are willing to share. You can authorize the receipt of such offers from suppliers through FLAP, the AI financial advisor. Each time a supplier sends a personalized offer, the supplier will pay a fee in 2GT tokens that will go to the user’s wallet.

To create new offers on the marketplace, a supplier must own at least one 2GT token (of course more than one will be needed for fees). Each action on the 2gether platform will be charged using small fees paid in 2GT. For example, when you and a supplier carry out a transaction, 2gether ensures the security and privacy of both parties and a fee is charged in 2GT.

“2gether offers great business opportunities for their partners and rewards the user for helping the platform function.”

2GB to 2GT 1:1 Swap

As part of their token strategy, 2gether will first have a bounty token, 2GB, prior to the 2GT token release. This token is currently used as an airdrop token by Parachute, 2gether’s community development and freelance providing partner. 2gether will also be using the 2GB token to reward community engagement and bounty completions. The 2GB tokens will be 1:1 swappable to 2GT tokens after the official release of the 2GT token.

2gether’s Rebuy Commitment

2gether wants to ensure liquidity to guarantee the functionality of the platform. To make this happen, 2gether has allocated a minimum of 20% of their revenue to repurchase tokens in real time at market prices. The buy back will generally happen in the top 3 exchanges with the highest 2GT liquidity. To ensure that this will not be categorised as market manipulation, the buy back will not happen if it is determined that the action will significantly affect the price of the token. This determination will be made by the financial team, Big Data, and the co-founder of 2gether. In the end, you, the community, will have a lot of influence over the direction the team is heading with many of their programs, including the buy back program.

Commerce Marketplace

Users can purchase, sell, or exchange various non-liquid goods and services (and much more) that can impact their personal economy. This ability is possible via the process of tokenization. Imagine the multitude of items encountered daily that have real value yet are not typically treated as part of one’s finances. These include both tangible and intangible items, creating an endless supply of possibilities. Examples include cell phone minutes, airline miles, specialized knowledge, time, electricity, and any physical asset. Such tokenization is based on enforceable business rules and can range from a broad market of global scale to a token that is very localized within a specific community or neighborhood. The platform enables this entire process from token generation all the way to actual use, powered by 2GT.

Financial Marketplace

The 2gether financial marketplace empowers users to evaluate and select customized offers for services, such as a new car insurance policy or a loan, while allowing the user to remain in the driver’s seat with respect to control of personal data. Unlike Facebook and Google, the entire process below allows users to have specific control of what, if any, information is included as part of this feature. Furthermore, the data that a user opts to share are blinded such that the user is anonymous to the businesses that generate customized offers.

The AI financial advisor can trigger access to the financial marketplace at appropriate times. For example, a user may receive individually tailored insurance offers when the current policy is approaching expiration. The financial marketplace can also be accessed in a manner that is similar to an app store. In this case, the user can search across categories of potential offers in an intuitive user interface. 2gether does not directly offer such financial products but allows third party access to tools that allow for highly customized offers that are specific to individual users.

The consumer is in charge

Because 2gether is a fully integrated economic platform, users can accept such offers directly within the app. One amazing feature is that 2gether provides machine learning capability to rank and recommend offers based on users’ individual circumstances. The algorithms behind such recommendations are heavily tilted toward the consumer, are of an academic origin, and are open source for inspection.

The overall process of business and consumer engagement in the financial marketplace is powered by the 2GT token. The 2GT token provides a direct user incentive to participate since users receive a 2GT commission when allowing access to data and when accepting an offer. Businesses pay with 2GT for access to 2gether’s data and tools to generate customized offers — and a portion of those tokens are provided to users who have opted to share their data.

Third party businesses benefit since they are able to compete for customers with highly customized offers. This is in contrast to traditional marketing approaches of casting a wide net to lure consumers, which results in generic offers with low success rates. 2gether allows businesses to focus their resources to gain new customers in a competitive fashion.

Most importantly, this approach is geared towards the end user, which is consistent with 2gether’s principles. People today want to stay competitive and shop around for insurance, loans, internet providers, and a variety of other services, yet consumers are also rightfully cautious about sharing their data. The dilemma caused by these competing priorities is solved by the platform providing incentives (via the 2GT token) to share personal data while ensuring that businesses can never directly identify or contact the user. In other words, businesses can only access the de-identified data that the user has agreed to share. This results in a zero-knowledge environment in terms of personal identification while allowing highly customized offers for the user. The ability to browse these offers and digitally sign them, all within the 2gether app, is a major win for consumers and a big step towards the safeguarding of data privacy.

2gether has taken the most advanced financial technology and combined it with the most basic needs of people to create the financial community of the future, today! This community centric model will naturally foster local economic development and cooperation. Tokenization of non-traditional assets will enable people from all economic levels to participate in their local economies by contributing value and products previously unrealized. This will help spur economic growth at the community level by unleashing the value stored in non-traditional assets and opening up entirely new market possibilities that are limited only by the imagination.

Community

Community development is always a focus for new crypto projects and 2gether’s commitment to their community is second to none. 2gether was the third project to partner with Parachute Token, a group that focuses on early community development for new companies. Both projects share a common interest of building vibrant and dedicated seed communities that serve as the core users on the platform. Interacting with the 2gether team on a daily basis has revealed the commitment that they have to their community. They cheerfully answer any questions in a timely manner and make an effort to understand their users’ concerns. They have made their community development a primary focus, and as a result, interacting with their team feels like catching up with friends. There are many debit cards, cryptocurrency wallets, and exchanges out there, but none combine all of these services the way that 2gether does, while preserving the individual’s privacy and right to control their own data. If you are looking for a fantastic, AI assisted financial platform, then you have found the right place and the right team!

Written by Kerry C, Nathan & Crypto French Edited by Chris & Jason



If you are interested in 2gether, be sure to sign up and follow them by using the Parachute Platform first. After you sign up on Parachute, head over to the tokens page and follow the details on the 2gether token card. This will make you eligible to receive future 2GB airdrops and take part in 2gether related social events.



2gether links

Website: https://www.2gether.global/

Facebook: https://m.facebook.com/2gether-480056032377263

Twitter: https://www.twitter.com/2gether_global

LinkedIn: https://www.linkedin.com/company/15183932/

Telegram: https://t.me/community2gether

Medium: https://medium.com/2gether

Reddit: https://www.reddit.com/r/2gether/

GitHub:https://github.com/2getherGlobal/

YouTube: https://www.youtube.com/channel/UCvmkpeHt09KWcMpGY-U4nxQ



Parachute links



Website: https://www.parachutetoken.com/

Telegram: https://t.me/parachutetokengroup

Reddit: https://www.reddit.com/r/ParachuteToken/

Twitter: https://twitter.com/parachutetoken

Discord: https://discordapp.com/invite/kyrCWen