Redeeming 2it Barter Tokens for CASH
Hop2it developed a tokenized electronic product to “underwrite” and generate our Digital Trade Dollars, which are discussed below. 2it Barter Tokens or “2its” as we have labeled them. They are a hybrid, closed loop, private currency which has been developed for the purpose of supporting our global “smart loyalty” and rewards program and creating our Digital Trade Dollars through a double entry accounting process.
Our Trading and general Members are able to purchase 2it Barter Tokens (“2its”) and on sell them to other introduced Members as part of our global loyalty and rewards program. 2its have a ceiling price which we have set to then allow Members to transfer them to participating Merchants whose electronic system can convert them to Digital Trade Dollars for tax transparent use within their point of sale or online businesses. This process provides us with a product that is redeemable for CASH and salable to our merchants (Gold Members) who can receive up to a 75% uplift benefit from acquiring 2its for their business use to conserve cash and attract new customers who use Digital Trade Dollars.
About Our 2it Barter Tokens
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. 2it Barter Tokens are our modern development of a longstanding non cash payment system that dates back hundreds of years.
Our 2it Barter Tokens are a unique digital design and provide a means of us creating Digital Trade Dollars and a tokenized platform on which our Trading Members can buy, sell, swap and trade 2it Barter Tokens amongst themselves world-wide. 2its are ultimately sold to our participating Merchants online and at the point of sale. Merchants are classed in our global economy as Gold Members and they are issued with special software utilities in their Back Office to convert 2it Barter Tokens which they buy from Trading Members into Digital Trade Dollars with up to a 75% financial uplift.
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 2it Barter Tokens 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.