Toobcoin (TOOB) is a technology that can keep up with every age, enabling users to earn and spend wherever there is internet. With its New Generation Insurance, the ToobINS Platform aims to insure proven crypto assets, protecting users from potential losses with low insurance fees. By implementing KYC and AML compliance procedures, Toobemi ensures that new users are included in accordance with global compliance for the protection of all.
TOOBEMI’s blockchain validators consist of trusted Non-Governmental Organizations (NGOs), aligning with the vision of the project. The block rewards earned by these validators help fund their charitable initiatives. In terms of security, TOOBEMI voluntarily adopts AML/KYC measures to combat fraud but remains vulnerable to a 51% attack, the biggest threat to cryptocurrencies. However, it consumes less energy with Proof of Responsibility (PoR) for its blockchain transactions.
Toobcoin benefits both individuals and businesses. Individuals can use TOOB to pay for everyday essentials, mobile airtime, data, and utilities with low cross-border transfer costs. For corporates, TOOB opens access to over one-fifth of the world’s population, providing an easy way for customers to spend their earned TOOB. Merchants can accept TOOB as a new form of digital payment, expanding their reach, driving growth, and increasing revenue.