Buy Goods & Services with Digital Trade Dollars
Hop2it operates a Third Party Record Keeping business in Hong Kong. Our Trading Program provides for the use of Trade Dollars which have been referred to as Barter Dollars. Traditionally, governments of the world recognise Barter or Trade Dollars and treat them in the same manner as fiat currency and apply similar taxation reporting rules. Our Digital Trade Dollars comply with these Taxation Rules and accordingly we maintain transactional records for this this purpose.
About Our Digital Trade Dollars
Hop2it is a Hong Kong company that operates as a Third Party Record Keeper, a legal requirement of any organisation that provides Trade or Barter Dollar services as a private currency.
Our Digital Trade Dollars are created from what we call, 2it Barter Tokens which are generated against value stored in our virtual “Bancs”. 2it Barter Tokens differ greatly from Digital Trade Dollars in that they can be redeemed from CASH, while Digital Trade Dollars can ONLY be redeemed for goods and services. Government Taxation Departments world-wide recognise Trade or Barter Dollars which you can easily research online. Our Digital Trade Dollars are considered the same value as Fiat Currency and therefore have taxation considerations which we guide our trading members through when they opt to use our Digital Trade Dollars.
How Are They Generated & Distributed?
We stated that our Digital Trade Dollars are generated from 2it Barter Dollars when a participating Merchant purchases them and then converts them within their software to Digital Trade Dollars for significant financial uplift. This is a one off process that stimulates our Trade Dollar economy globally and attracts quality Merchants to join our program and utilise Digital Trade Dollars to conserve their CASH and as a “smart loyalty” program to attract our Hop2it Members to purchase their goods and services using their Trade Dollars.
What Can You Use Trade Dollars For?
When you join Hop2it’s Global Reward Program and you select a Product Suite, you will be issued with a number of physical products as well as a number of digital products and services. Your new sales business operates from a graphical CHESS Board interface we have developed to represent the Sales Volume that is created through your personal sales, the sales of your Team and of course all Sales Volume generated by all Trading Members world-wide. You will notice that you are also provided with a serious Back Office and electronic Dashboard which you access via your Chess based Rewards Program or independently via Mobile Application (APP) or online at www.hop2it.com.
Your Trade Dollars are stored and managed in your Back Office alone with any 2it Barter Token you may own or be selling and of course any Hop2it company Shares issued to you or that you have purchased. Webinars and other facilities and utilities are housed in your Back Office and importantly our Hop2it TRADE STORE where you can purchase our products and products offered by our Merchants at highly discounted prices made up of both Fiat Currency (Cash) as well as our Digital Trade Dollars.
Hop2it’s Digital Trade Exchange operates as a “business-within-a-business” and provided these services to the membership network and our Merchants at large. Profits from this business are provided to our public company and distributed to Member/Shareholders as fully franked dividends when realised and processed bi-annually.