Following last week’s editorial on cryptocurrency, I received a solid amount of emails from readers who see the benefits of blockchain technology as applied to the firearms industry. Rob McNealy, creator of the TUSC Cryptocurrency dropped me a note to say that their coin was specifically designed for gun companies and shooters alike. His quote and additional information about TUSC can be found below.
One reader correctly pointed out that I neglected to mention that blockchains can be used for ownership and asset tracking which could be applied to guns. I intentionally left the fact that some blockchains like Ethereum are especially good at assigning ownership to items and can track them as they change hands. While I see a world of possibilities for crypto and blockchains in the future, making a hyper-efficient registry is not something that I personally think is needed or wanted for firearms. That’s a debate for another time, most likely after I’ve had a whiskey or two.
Crypto @ TFB
TUSC Cryptocurrency Focuses On Payments For The Firearms Industry
TUSC – The Universal Settlement Coin, is an open source, pure payments cryptocurrency project built on a delegated proof of stake (DPOS) blockchain. TUSC is a decentralized, non-ICO, community project with on-chain governance. TUSC was purpose built for retailer adoption using a unique marketing model with an elected and term limited third-party vendor called the Marketing Partner, whose role is to support the onboarding of retailers and promote TUSC through aggressive marketing and sales strategies to vertical markets and industries with recognized problems with existing payment systems. Note: TUSC was initially launched in March 2018 as an ERC-20 token called Original Crypto Coin (OCC). OCC tokens were fairly distributed via faucets. No OCC tokens or TUSC coins were ever sold. OCC was rebranded as TUSC in the Fall of 2018. In Fall of 2019, the dedicated TUSC blockchain was launched and OCC tokens were swapped for TUSC coins at a 2:1 ratio.
The Universal Settlement Coin [TUSC] is a cryptocurrency with its own blockchain. The most actual price for one The Universal Settlement Coin [TUSC] is $0.000071. The Universal Settlement Coin is listed on 4 exchanges with a sum of 5 active markets. The 24h volume of [TUSC] is $3 022.55, while the The Universal Settlement Coin market cap is $3 387 686 which ranks it as #775 of all cryptocurrencies. You can find more information about The Universal Settlement Coin [TUSC] on tusc.network.
Rob McNealy, creator of TUSC Cryptocurrency:
TUSC is a crypto payment system specifically built for the gun industry, by gun rights activists. The mission of TUSC is to solve the problems of high fees and financial discrimination currently plaguing the gun industry.TUSC features 0% transaction fees for retailers, no chargebacks, instant settlement, improved cash flow, and accounts that can never be shut down due to politics. In many ways, TUSC is a free insurance policy against being financially censored and deplatformed.
With the looming threat that the financial industry may shut its doors to the gun industry, a Utah man is hoping that his cryptocurrency geared toward purchasing firearms will take off.
Since Democrats took full control of the government last month, a proposed rule that would protect businesses such as the firearms industry has been scuttled, opening the possibility that companies will see their financial services cut off. Rob McNealy, a Second Amendment supporter, created the Universal Settlement Coin (TUSC), a cryptocurrency that focuses on providing the firearms industry with a tool that would allow gun stores and firearm-related manufacturers to provide goods and services completely outside of the banking industry. Read more at freebeacon.com