TIME BOX is a decentralized custody service of digital assets that provide simple, powerful and convenient online custody services to anyone.
PROS:
- Permanent storage : The use of block chain technology enables the platform to store the users digital assets forever and only be delivered upon the need
- Convenient: The users are able to store text, audio, photos ,videos and other crypto currency in the platform based on smart contract and can only be transmitted to specified person at the appointed time
- High security: The platform provide the best storage for the users digital assets as compared to the centralized financial institutions hence eliminating possible hackers from inside or outside the platform
- Faster delivery: The use of smart contracts ensures that the platform executes automatic delivery of the content stored .The users can further write a smart contract automatically send the payment without having to restart and be able to complete all the operations
- Good team: The platform co-founder Jason Hung has a vast experience in all the related fields enabling him to easily implement the project alongside the other team members
- Whitepaper : The platform whitepaper is fully equipped with all the necessary details about the project hence promoting its easy understanding and application
CONS:
- The loss of the private keys by the users prevents them from making any operations on their assets account
- The value of the crypto currency is highly dependent on the market demand which are extremely unstable
- The value of the TB coin and its use is affected by the unfriendly imposed regulatory bills
SUGGESTIONS:
- The platform should employ multi-signature to enable the users access their asset accounts easily incase of private key loss
- The platform should ensure that the demands and supply of the involved crypto currency is constant to prevent any value depreciation
NOTE:
The platform enable the users to access simple and convenient custody service for their digital assets however the funds for the project implementation have not been raised by the involved hindering my investments
