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TCS Token

TCS Blockchain (TCS) is a Wyoming-based trade finance company using blockchain to settle freight invoices for the US transportation industry. Industry experts place annual freight spend volume at $2.58 trillion, approximately 9% of total US GDP. The American Trucking Associations report approximately 72% of domestic freight moves by truck, and 91% of carriers operate fewer than 10 trucks. Carriers routinely wait 30 to 180 days to get paid on completed loads, and most sell their invoices to financial intermediaries at substantial capital costs, because they cannot wait months to be paid. TCS was built to solve this B2B payments problem. TCS Users exchange collection rights in their freight invoices for TCS tokens ($TCS), which are then sold for USD at Kraken. According to TCS, Users are funded the same day or next business day, faster and cheaper than conventional invoice factoring, with comprehensive transparency on all flows and a strong user experience. $TCS is an ERC-20 asset deployed on the Polygon network, with supply capped at 50 billion tokens. All TCS payment flows move through $TCS. TCS reports that a substantial majority of supply has been held in the TCS Treasury since 2022. New supply enters circulation when TCS Users settle onchain, similar to how the efforts of miners bring new supply to markets for other crypto assets.