Mississauga, ON -- (SBWIRE) -- 02/10/2014 -- TradersCoin not for profit banking, the organization dedicated to establishing a global currency for the benefit of all, is pleased to announce that they are launching a campaign on Indiegogo.com to help raise funds to develop and implement the TradersCoin system.
TradersCoin promises to give everyone in the world access to a stable currency that offers a line of credit with the lowest interest rates available, benefitting individuals, businesses and nations worldwide through unparalleled efficiency and stability. TradersCoin - global currency, known as “the gold of tomorrow,” features sophisticated software that functions as a unique accounting system which tracks transactions and tallies net spending and earnings of each of its users.
TradersCoin was developed by Warren Schmidt, a senior software architect with more than 50 years business experience in the public and private sector who has developed an expertise in technology and the ways in which it plays into the financial and marketing aspects of Canadian and European business.
TradersCoin will offer good and easy financing terms, including 3 percent interest on loans on chattels; construction financing at 4 percent; first mortgage payments at under 1 percent and second mortgage payments at 2.5 percent; student loans at 2.5 percent; home improvement financing at 3 percent; micro loans at 6 percent; and 1 percent or lower on all line of credit loans.
TradersCoin will be able to offer extremely low-interest loans because the system will not be under any governmental or political influence and because it is self-regulating, meaning that the value is voted on and determined by each user rather than by any institution with a central hierarchy.
TradersCoin has the potential to revolutionize the global economy by allowing people who live in impoverished nations to become self sufficient and provide food, education and health care for their families.
Contributors to TradersCoin will be eligible to receive many financial incentives for donating that include a money bonus when TradersCoin launches, a line of credit, a unique ID code that allows users to distribute bonus coupons and sponsor new members so they can earn affiliate commissions, and many others.
TradersCoin is a ‘not-for-profit’ organization with a philanthropic character. The purpose of TradersCoin is to create a stable and strong global currency backed by all global assets. TradersCoin offers a line of credit with a low interest rate to all its users. The TradersCoin software is a global electronic accounting algorithm and a standalone financial system available worldwide over the internet. For more information, please visit www.traderscoin.net.