Ulaanbaatar
Asian blockchain developers introduce TOS Coin in Mongolia
Society
Ulaanbaatar /MONTSAME/ On March 20, Asian cryptocurrency and blockchain technology developers meeting was held in Ulaanbaatar to introduce a new TOS coin and its benefits. The meeting was attended by blockchain mining businessmen from Japan, Korea, Russia and China.
TOS coin was issued by Japan and its data processing and transaction speed is 10 times more than that of Bitcoin. In other words, TOS is optimized for payment system which requires fast data processing. The coin uses PoW mining system.
During the meeting, former member of Parliament D.Kekushuzan Batbayar was appointed the President of Asian Cryptocurrency and Blockchain Enterprises Association. “It is significant that the meeting is being held in Mongolia. Japanese Toyota, Korean Samsung and Hyundai companies invested in TOS coin. Mongolia has much energy resource and brown coal reserves. Therefore, it is conducive to development of blockchain technology,” he said.
CEO of Kuang Shi Yun Company Tang Qing Hai highlighted future of TOS coin, saying TOS can be used as a payment tool to buy a cup of coffee or a car. The coin price will be announced at the end of March in Japan, Korea, China, Russia and Mongolia concurrently. Although the TOS coin is new compared to bitcoin, we are pursuing policy to introduce this cryptocurrency to the world.
Our business operation is based on technology. Japan is one of the pioneer countries developing digital currency system. Our company is one of the companies that could connect cryptocurrency with technology. Many countries are introducing the technology on example of Japan. I am confident that Mongolia would develop cryptocurrency through our practice, said Takahashi Akihiro, Director of Foreign Relations Department at TOS inc Company.
TOS coin was issued by Japan and its data processing and transaction speed is 10 times more than that of Bitcoin. In other words, TOS is optimized for payment system which requires fast data processing. The coin uses PoW mining system.
During the meeting, former member of Parliament D.Kekushuzan Batbayar was appointed the President of Asian Cryptocurrency and Blockchain Enterprises Association. “It is significant that the meeting is being held in Mongolia. Japanese Toyota, Korean Samsung and Hyundai companies invested in TOS coin. Mongolia has much energy resource and brown coal reserves. Therefore, it is conducive to development of blockchain technology,” he said.
CEO of Kuang Shi Yun Company Tang Qing Hai highlighted future of TOS coin, saying TOS can be used as a payment tool to buy a cup of coffee or a car. The coin price will be announced at the end of March in Japan, Korea, China, Russia and Mongolia concurrently. Although the TOS coin is new compared to bitcoin, we are pursuing policy to introduce this cryptocurrency to the world.
Our business operation is based on technology. Japan is one of the pioneer countries developing digital currency system. Our company is one of the companies that could connect cryptocurrency with technology. Many countries are introducing the technology on example of Japan. I am confident that Mongolia would develop cryptocurrency through our practice, said Takahashi Akihiro, Director of Foreign Relations Department at TOS inc Company.
B.Batchimeg
