Talking about cryptocurrency, first words coming to mind are Bitcoin or Dogecoin, but what if our respected industrialist J.R.D Tata started his own cryptocurrency? Nowadays the new trendy cryptocurrency is with the name ‘Tata coin’ or $Tata, but is it owned by Tata Motors Limited?
No, let me clear your doubts. The new Tata coin is not owned by J.R.D Tata but instead Tata filed a case against the operation and sale of a cryptocurrency called the ‘Tata coin’ or ‘$Tata’. The defendants are companies based in the United States and the United Kingdom who may own the cryptocurrency.
But before moving further, first we must know what is Tata coin or $Tata?
Tata coin is a kind of cryptocurrency on the Binance Smart chain created with the aim to make decentralized finance completely safe and secure and allow a large variety of multinational companies and organizations, including investors, around the world to make digital payments and earn profits.
The secured transactions platform Tata coin will be used in a variety of transactions from games that integrate TATA Coin payments, to social networks and publishing platforms that allow you to tip using TATA Coin.
It has limited supply which will also help you to control inflation. The total supply of TATA Coin will never exceed 9 million coins as is written in their protocol. Tata coin is not issued by any central authority and thus is borderless which will allow the users to bypass the several intermediaries to complete the transactions.
Now the question comes, if not Tata, then who owns the Tata coin?
According to the case, two domain names hakunamatata.finance and tatabonus.com enabled the transactions in Tata coin or $Tata and made it available to the public.
But do they own them? Tata coin by started by these domains but it is a community-driven cryptocurrency. Yes itis the world’s first Digital Currency owned by `You´, it is not owned by any individual, entity, group or organization but instead it is owned by community itself which means its holders.
So the Tata coin team does not have a proper team instead, it includes the investors who have bought and held the Tata Coin, so if you buy a Tata Coin you can see yourself as the owner and team in the growing project.
Tata coin does not have a CEO, instead who has the most supply of the cryptocurrency is the real owner of it. It was launched with 100% public liquidity.
Cryptocurrency is still a growing industry but it will take over the market very soon. They can be highly volatile I accept but they will prove to be a revolution in the currency soon.
