Custom Tokens can be created on Tagcash Blockchan by anyone - Create or login with a personal account and then create or switch to a merchant account. It takes seconds to create a new merchant account. At the top of the Wallets section there is a button to create new tokens, or you can access it from the Services Menu.
Tokens can represent anything of value - they can even be used to represent other cryptocurrencies, commodities, shares, rewards currencies and so much more.
You control your own Token. Permissions can be set per address and include Admin, Issue, Activate, Send and Receive. On creation of a Token permissions can be open or closed - if closed then you specifically have to permission each address to be able to send and receive to each other, if open anyone can send and receive, but an address can have that permission revoked if needed.
Your created token can be used within Tagcash (for example in the trading module), or using the various Services such as Crowdfunding, Coupons, Vouchers and much more. Installing Multichain on your own network and linking to the Tagcash blockchain, allows more flexibility for external integrations.
There is a one time fee to create a Token (250 TAG Tokens, or 99 USD). The Tagcash API is free to let users manage tokens, but if you do not want Tagcash to handle customer details, you can use your own node. Tagcash can also work with you on creation of white lablel wallets similar to the web and mobile app wallets that Tagcash operates.
The address format of tokens is the same as Bitcoin, so any existing Bitcoin libraries can be used in conjunction with the Tagcash Blockchain. Private key/public key combinations can be created within the Tagcash wallet, or created via connected nodes without any reference to Tagcash.
FAQ(Frequently Asked Questions)
Issue - issue more of your created asset, but only if reissue was enabled when Token was created.
Activate - enables others to grant other addresses send and receive permissions.
Send & Receive - each address can be given permissions to send or receive.
When using the command line, permissions can be granted or revoked like this:
grant addresshere admin, issue, activate, send, receive revoke addresshere admin, issue, activate, send, receive
The second option is create a wallet node by connecting to the Tagcash Blockhain, and sending RPC-JSON commands, with commands to send money to others, creating new addresses and so on. Those addresses can be tied to your users in your application.
Once you are connected to the Tagcash Blockchain, either personally using a Multichain Node Wallet, or via an application using the blockchain, you can send funds to anyone anywhere else using the same system, using public addresses to send to.
Managed Wallet - Tagcash manages your balances, and you have 1 address to use for receiving funds. This is also what is used for exchange trading
External Wallet - Exernal wallets allow you create your own public and private keypairs to control your funds, but you are responsible for your own private keys. If you lose a private key, then you also lose the ability to spend anything from that address. If someone else has your private key, they can also spend your funds. However, you do have the ability to freeze an address if you have admin rights to a Token, or you can contact the administrator of the Token, to track or stop fund transfer.