Are you looking for a comprehensive and detailed TAGZ Review that is both detailed and factual? In this article, we will discuss the TAGZ company and cover the project in an honest manner.
About TAGZ Exchange
The company behind TAGZ Exchange is an Australian company based out of Victoria, Melbourne and trades as TAGZ GROUP PTY LTD. This Australian company was registered on 11-MAR-2019 with Australian Company Number 632160920.
TAGZ is fully registered with the Australian Securities and Investment Commission (ASIC) who is the Australian regulatory body governing such registrations and company operations which can be seen and checked here.
Licensing to Operate an Exchange
In order to run a digital currency exchange in Australia, the company must be registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) which can be checked here.
TAGZ certainly does meet this law with not only being an active Digital Currency Service Provider but also being registered with AUSTRAC as a Remittance Dealer. This allows TAGZ Exchange to offer direct deposits/transfers and withdrawals with FIAT currency supported by a banking institution whilst being able to offer Cryptocurrency/Digital Currency much in the same way.
By Australian law in order to run a digital currency exchange in Australia, all 3 registrations above need to be approved for which TAGZ 100% has in place. This shows a legitimate accreditation of the company to operate a digital currency exchange in Australia.
What is the TAGZ project exactly?
The TAGZ whitepaper and TAGZ Pitch Deck as well as on their website states that TAGZ is Australia’s first fully licensed and regulated Dual Gateway Exchange and registered with the Australian Securities and Investment Commission (ASIC). TAGZ’s focus is to protect users by the use of actively monitoring trading activity on their platform.
The primary aim for TAGZ is to successfully develop and run their own Cryptocurrency exchange and to remove everyday pitfalls of unregulated exchanges. Some of these negative pitfalls that the TAGZ Exchange will solve include; flash crashes, pump & dumps, spoofing, fake volume, and data security breaches.
TAGZ’s Dual Gateway Exchange
TAGZ makes mention that their Dual Gateway Exchange will offer access to Traditional Crypto and Derivative Futures with the ability to trade both at the same time on the same TAGZ Platform. TAGZ calls this a Dual Gateway Exchange.
The TAGZ Token
The TAGZ Token will be used to reduce exchange trading fees much in the same way that Binance’s BNB token works in the same manner.
TAGZ Exchange Fee Structure
The below was taken directly out of the official TAGZ Whitepaper:
First 90 Days: There will be NO FEES charged for the first 90 days after official exchange launch on both Traditional & Futures on any asset. Next 90 Days: After the initial 90 day period has lapsed, the fees are only: 0.0005%.
Day 181 – 240: In this next period fees remain ultra-low and are only: 0.0010%.
Day 241 – 365: This period will mark 12 months in operation and TAGZ fees are only: 0.0015%.
Low Fees Forever: The above fees are on all TAGZ pairs and TAGZ exchange fees are among the lowest in the industry, if not the lowest.
TAGZ Affiliate Program
TAGZ will have an Affiliate Program to incentivize users to be part of their exchange to encourage others to do the same. Lots of other exchanges also have some sort of affiliate or referral program but TAGZ claims that their commission payout percentage is “the highest in the industry”. TAGZ Affiliate Commissions are set to pay out 25% of all fees taken.
The TAGZ Team
All successful businesses know that the success of the business comes directly from how good their team is and how it’s lead by the management team themselves. If there isn’t a good management team behind a project, the project is doomed to fail as we have seen time and time again.
It is important that we look into the immediate TAGZ management team a little deeper and it can be clearly seen that the team is comprised of experts in their respective fields with many years of experience within both the blockchain and cryptocurrency space.
TAGZ Team Members
Bryan Seiler, Founder & CEO
An entrepreneur by nature, Bryan has far-reaching experience in building businesses from ground up with an extensive sales background and vast knowledge across all dynamics. https://www.linkedin.com/in/bryanseiler
Julian Jones, CFO
Julian carries with him a wealth of business financial experience along with sales, marketing, product management and consulting skills to name just a few among many that set him apart as a pure leader.
Lalit Bansal, Marketing & Growth
Extensive experience of more than 13 years in Pre-Sales, Bid Management, Business Engagement and an Advisor to multiple Crypto ICO startups stemming from a knowledge-bank of Blockchain and business know-how power.
Jagan Ganesh, Lead Web Paradigm Developer
Sujeet Kumar, Head of Vision Strategy
Sujeet brings with him the experience of crypto economics and adoption with an ultimate vision to promote and create a community around decentralized financial services.
Ahmed Khalil, Technical Advisor
With M.Ed, EMBA, ACC, MGSCC qualifications and over 16 years of experience in education, training, and coaching, Ahmed is a true professional when it comes to understanding and advising technology companies. https://www.linkedin.com/in/aakwaqf/
David Hershfield, Advisory Share Holder
Ex-Sr. Director at Paypal and with a Bachelor’s degree from Berkeley, and an MBA, David is a global business & technology executive with 20+ years of experience. He has worked at top Fortune500 companies, like PayPal, Adobe and eBay.
Praveen Rai, Private Connections Manager
An inspired visionary blockchain entrepreneur with vast experience founding and developing innovative Blockchain projects and automating and scaling up digital marketing processes.
After looking into TAGZ deeply we discovered that the company is in fact 100% legitimate and passes all the check marks. The regulatory approval and all required registrations are in place and the immediate management team members do have significant experience to make sure the project succeeds.
Going forward it will now come down to the team’s ability to deliver on their promises in line with their roadmap. We hope that by bringing you all these facts that you can make an informed decision about investing into the TAGZ token directly or using the TAGZ Exchange yourself.