We solve payment problems using our smart technology. At heart we are innovators, we utilise technology and financial products to help stakeholders increase revenue whilst empowering your customers.
How does it work?
Digital Trade Dollars – Our Electronic Trading Currency
Redeemable for Goods & Services
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. In short our Digital Trade Dollars can ONLY be redeemed for Goods & Services. They are not “crypto-currencies”, but are considered “income” by the Taxation Authorities and should be treated as fiat currency is treated from a reporting point of view.
What Can You Use Trade Dollars For?
When Members join Hop2it’s Global Traders Reward Program and select a Product Suite, they are issued with a number of physical products as well as a number of digital products and services. These include our Digital Trade Dollars. We have produced a graphical CHESS Board interface to represent the Sales Volume that is created through our Members retail sales of a personal nature, the sales of their introduced Team and of course all Sales Volume generated by all Trading Members world-wide on a co-operative basis. All Members are provided with a back office electronic Dashboard which they use to access their Chess based Rewards Program and make Digital Trade Dollar transactions. A mobile APP version is also provided all of which is accessed online at www.hop2it.com.
Members Trade Dollars are stored and managed alone with any Loyalty Points, 2it Barter Tokens and Cash earned for sales or trading endeavors. Members can complete a profile and earn Loyalty Points. These Points can be converted within the Members Account to Trade Dollars where one Point = One Trade Cent (T$0.01c). Members can access Hop2it’s Trade Store in which numerous products produced by the company can be purchased at highly discounted prices including of part cash and part 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 holding company that is currently in Pre-IPO and looking to publicly list in the near future. Such dividends are to be distributed to Members/Shareholders as fully franked dividends when realised and processed bi-annually. Therefore the transaction revenue enjoyed by the company and any profits made from this commercial endeavor are treated as a profit centre and treated transparently for the betterment of all Members and Shareholders.