SOLVE Token Reserve Launched and Active!
We are proud to announce that SOLVE Token Reserve is now active! Watch the official announcement and brief explanation of how STR works.
You can also read the complete video transcript (not exact).
Hello, I’m Guan Keng Tay, the Director of Finance and Administration here at Solve.Care.
Today, I am happy to share with you that, as of January 2020, SOLVE Token Reserve, or STR, is live and active. The STR has already started receiving and accepting tokens as part of our 2019 fiscal year end reconciliation / finalization and the commencement of our new 2020 financial year.
10% of all tokens from the Solve.Care service wallet are being transferred to STR. SOLVE tokens will be gradually and automatically deposited and accumulated in the STR up to the targeted amount of 10% of the existing roughly 350 million Solve Tokens already supplied and currently circulating.
Let’s revisit the flow of the SOLVE tokens.
Here, you can see how SOLVE is bought, distributed, redeemed and, ultimately, returned to the token market supply. SOLVE is the fuel of the Solve.Care Platform and is also used for paying fees for fees for Care Networks and Network Services, operating Care.Wallets, and using Care.Cards.
These tokens are deposited into the Solve.Care Service Wallet. And 10% of it will be transferred and reserved in the STR.
Our team is committed to transparency. So of course, we will share the STR address with you. You will find it in our official Telegram channel. Remember, our administration team will NEVER ask for payment or for your confidential SOLVE wallet password or login credentials.
We are very excited about the launch of the SOLVE Token Reserve. We continue to deliver on all our commitments, according to plan.
Much more is coming! Thank you for joining us on our journey and for your continuing support.
Want more details about how SOLVE token flows?
Last year, Solve.Care CEO Pradeep Goel hosted a webinar diving deeper into SOLVE token. He explained the mechanics behind the SOLVE Token Reserve and other concepts, plus led an extensive audience Q&A.
In the video below, you can see a full explanation of a more detailed, older SOLVE flow diagram (starts at minute 4:11) that still explains the basics. Or watch the entire webinar to learn lots more.
Enjoy reading more than watching? Check out our other Medium blog with slides from the webinar and more explanations about SOLVE token flow.
This blog includes an animated storybook that shows how a hospital administrator would use SOLVE tokens.
Get all your questions answered, often straight from the CEO, in our official Telegram channel. Join the discussion now!
