At the same time, when you spin the coin, a virtual asset is created called a TrekMiles Coin (TMC).
It represents your exercise effort, but it has no direct monetary value. It is just a mark on a ledger indicating your support for the community charity event, or a sponsored event you've opted to participate in.
But it could be considered of value by investors in virtual currency and comparing TMC with Bitcoin BTC will help explain this.
Both are digital assets and anyone can own them. Both use a blockchain. This means only one person can own them at a time. Blockchains are like ledgers which keep track of who owns what. They are decentralised and run on many computers so no one organisation controls them.
Neither represent a share of an asset in the real world, they are both virtual. Effectively just numbers on a secure global ledger. Virtual currency only has value if we, as a community, agree that it does.
BTC are considered of value and traded for these reasons, so perhaps TMC will be also.
Community Charity Event
The community charity wallet is installed by default. Coins donated to this wallet can be sold to interested investors. 50% of sales goes to a charity nominated by community members and the rest is used help fuel the Trek Miles project.
This event is always ongoing so you can join us and trek a mile anytime.
Sponsored Events
We also have sponsored events where you can be sponsored to trek.
Use the add button '+' in settings to join in and trek for an event.
Thanks for reading so far, please read Why Invest in TrekMiles? to fully understand the TrekMiles idea.
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