Unlike many other ICOs, whose returns are dependent on the coins' trade value as exchange market securities, NOAH COIN is classii!ed as a token coin
, one whose primary purpose is something more substantial than a simple trade instrument; for example, among the other benei!ts it will provide to investors, NOAH COIN can be used to claim special incentives, products and services within Noah's developments here.
They say that unlike many other ICOs, whose returns are dependent on the coins' trade value as exchange market securities, NOAHCOIN is classified as a token coin
, one whose primary purpose is something more substantial than a simple trade instrument.
The generic definition of a token coin
is a coin with a face value substantially above its metallic value that nonetheless circulates at face value owing to a redemption pledge.
In fact, during the same period, Viceroy Arredondo proposed the creation of a token coin
to be used in domestic trade.
(1) The type of token coin
we are discussing is one for which the value of the metal in the coin "often represents a substantial share of that face value." True token coins
with little intrinsic value would be like traveler's checks or money market mutual funds, and would not be considered money.
Make sure you visit Blists Hill Victorian Town, where you can exchange your modern money for Victorian token coins
to spend in the historic shops, fair and pub.
Banking services, including the issue of gold-redeemable paper currency notes and token coins
, are of special importance for the success of a gold standard given the awkwardness of making small--or very large--transactions in physical gold coins.
Artefacts that have been found in the garden from clay pipes and glass bottles to token coins
once used by the miners have all been handed over to the volunteer groups who work to protect the mines and their heritage.
At the Bank, you can change your money for Victorian token coins
to spend in the local shops, though they cannot be used in the cafes.
The provision of token coins
was then left to the government, which bought and sold token coins
on demand and made a profit from the substantial difference between face value and content.
Second, the sole means of payment are privately-issued checkable accounts, banknotes, and token coins
. Third, validly-drawn checks (or electronic equivalent), banknotes, and token coins
are indirectly convertible.