01 Jan Australian Trade Exchange
THE HOP2IT TRADE EXCHANGES
Hop2it established an international USD$ digital Trade Exchange based in Asia and managed by a Hop2it holding Company. The management Company issues licenses to regional managers and operators to establish and manage the Trade Exchange in countries that operate separate fiat currencies. These Licensees operate as traditional Trade Exchanges using Trade Dollars or T$ and the added benefit of digital instantaneous processing of T$ and fee transactions by way of mobile phone-based transactions. Businesses that produce goods and services are targeted for membership in order to develop a wide range of trading opportunities for Members.
The Company contracts with successful regional network marketing groups and managers to sell Memberships and undertake import and export container and pallet based trades in commodities such as Infant Formula, high-quality food and textiles.
Transaction fees for barter based trades between members are industry competitive at 8% – paid 4% each by Seller and Buyer dependent on products and services being offered.
Within each country, Hop2it Trade Exchange transactions are made in that country’s currency. Global transactions are made in $US but the online platform provides a currency exchange service, so global trade involving two currencies can be seamlessly conducted. The Member goes into their eWallet and converts to the currency of trade and then trades in that currency. This service provides Members with the ability to trade globally while remaining tax transparent within their tax resident country.
THE 2it EXCHANGES
The Company owns and licenses a number of Hop2it branded Trade Exchanges to promote and manage the digital trading currencies (“2its”) and smart loyalty reward points programs. The Company has established 2its, which although used by the Company for trading, are also intended to be a serious competitor to other loyalty reward and cash-back programs. The Company sells the 2its to Trading Members who can then offer them to their customers as rewards for their shopping loyalty. They can then be spent with other Members, sold, traded or swapped for Hop2it Trade Dollars. This has always been planned to be a major source of income for the Company and its Licensees.
The 2its and any Hop2it loyalty or trade reward points and are not digital coins and do not operate on the Blockchain. Hop2it operates its own proprietary closed-loop network which minimizes any potential breaches of Members security or transaction fraud.