In the age of “deplatform culture”, it isn’t just social media platforms that you might be in danger of getting kicked off of. Your bank might close your account or payment processors might decide they don’t want to support you anymore. To learn more about the technologies being built to counteract this, I spoke with Rob McNealy of TUSC.
JDaniel Richer: What is TUSC and why was it created?
Rob McNealy: TUSC Stands for the The Universal Settlement Coin.
It was a project created to focus on [crypto] payment adoption, by [developing] a novel governance model with a focus on marketing.
JDaniel Richer: Why should someone use TUSC over Bitcoin?
Rob McNealy: I am not sure that they should. It depends on what their goals are. If they are interested in supporting a crypto project that is on- chain, [and has] decentralized governance, with the benefit of a laser-focused marketing team growing the user base behind it, I would say that supporting TUSC would be for them.
JDaniel Richer: What is TUSC’s connection with guns?
Rob McNealy: The focus of TUSC is to get user adoption of crypto payments, not speculation. If you want to get people using a [cryptocurrency] for payments, you need to focus on markets that have a recognized problem with traditional banking. There are seven industries in the US that do. The gun industry is one of them. Most of the TUSC team are hardcore gun and military guys and I personally used to own a tactical related business. So guns seemed like a good market to launch in, though any business could use or benefit from using TUSC.
JDaniel Richer: What’s next on the roadmap for TUSC?
Rob McNealy: We are currently ramping up the main testnet, and testing of the code will begin. After that, we will be swapping OCC tokens for TUSC coins. We are hoping the swap will begin in July.
JDaniel Richer: What is the difference between OCC and TUSC?
Rob McNealy: OCC (Original Crypto Coin) is an ERC-20 token, which we freely launched via faucet/self drop (no ICO) in March 2018. TUSC is a rebrand and evolution/continuation of the OCC project. That is why we are only swapping and not selling TUSC coins.
JDaniel Richer: What is the most interesting thing you’ve learned from starting TUSC?
Rob McNealy: Lots of things:
-Launching a new chain is a lot of work, much more work than launching a token.
-Sorting out governance is the toughest part.
-Maxies hate any competing projects.
-Things take longer than you would expect or like.
JDaniel Richer: Anything else you would like to say?
1. We are unique in that we have an elected and term-limited “Marketing Partner” that will get a small piece of the block rewards to grow the network, but has the freedom of a startup. Think of it like an HOA that hires a management company on contract. No other chain does this.
2. We are focused on specific markets only.Republish