Review on TigerCash by Ayu Anggraini

Name: TigerCash
Item: TigerCash
Rating: 3

June 07, 2020

Tigercash coin

Tigercash coin or TCH is a native coin from the CoinTiger platform that has an important function in the survival of the Cointiger exchange ecosystem.
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 Tigercash or TCH was discovered since 2017, November 15th. Tigercash is a decentralized token issued by Cointiger for the benefit of profit sharing / dividends for TCH holders, trading discounts and so on
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.. Coin Tiger will initially always buy back the TCH token from 50% of the profit earned and burn the TCH until finally only 0.6 billion in circulation supply.
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 But lately there have been a  changes to the THC shareholder system and TCH buy back. 
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As reported, the CoinTiger Singapore Foundation holds a TCH coin supply of 12% of the total supply, 30% of the allocation is held by the Cointiger team, 20% is held by private investors, and 50% is for marketing expense, industry development, legal & consulting and so on.
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 The unlock period is also different from starting once every 3 months, per year for up to 8 years. 
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During peak season, the price of TCH reaches more than 900 satoshis and 0.06 USD. But now the price of TCH has fallen sharply to only 0.0062 USD. The price of TCH itself has dropped sharply with the Cointiger team unlocking the supply to the market which has increased supply circulation and the lack of TCH coin utility. 
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Community seems to lose the interest After being required to have 1% of the total TCH (10 million TCH) to be able to register as part of CoinTiger Singapore Company shareholders and access to join to the cointiger executive board consensus.
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 Cointiger has a very large supply of TCH coins but little utility in the Cointiger ecosystem for TCH.
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 In my opinion Cointiger is needed to work on increasing its coin utility and reducing the amount of supply so that it can achieve satisfactory value such as utility tokens from other exchanges such as the success of BNB from (Binance)
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