Frequently Asked Questions (FAQ)
What is THAT?
THAT is a standard ERC-20 digital asset issued on public blockchains (for example, Ethereum and Polygon). It can be held in compatible wallets and transferred directly between addresses on those networks. Some users and businesses may choose to use THAT as a medium of exchange in their own arrangements, for example to pay for goods and services where a merchant independently decides to accept it.
The THAT app is a non-custodial mobile wallet interface that helps users create and manage wallets, view balances and transaction history, discover independent merchants that choose to accept digital assets and prepare transactions for broadcast to supported networks.
Is THAT like fiat currency?
No. While some people and businesses may choose to use THAT in everyday transactions, it is not issued by a government or central bank. Its price can move up or down based on market activity and there is no guarantee of stability.
In some practical respects, using THAT can feel similar to using money (for example, sending value from one person to another), but it remains a digital asset on public blockchains and carries different risks and characteristics from traditional fiat currency.
What makes THAT different from other digital assets?
THAT is deliberately designed as a plain-vanilla, general-purpose digital asset rather than a hype-driven or meme-oriented project. Aspects that distinguish it from other tokens include:
Conservative, utility-focused positioning
The project emphasizes clear, plain-language explanations of what THAT and the THAT app can and cannot do, rather than speculative narratives or promises about future price, yield or returns.
Fixed maximum supply
The canonical THAT contract on Ethereum has a fixed maximum supply of 3.3 billion tokens and does not include any function to mint additional tokens beyond this amount. This makes the supply predictable over time, in contrast to assets with uncapped or discretionary issuance. Market price is still determined independently by supply and demand.
Non-custodial tools instead of complex schemes
The THAT app is built as a non-custodial wallet and toolkit that helps people hold and transfer digital assets under their own control, discover independent merchants who choose to accept digital assets, and interface with existing blockchain infrastructure (such as DEX protocols and bridges). The focus is on practical tooling rather than complex financial engineering.
Token utility
Some merchants independently choose to accept THAT or other supported digital assets for goods and services, and the THAT app provides a directory and basic tools to help those merchants and users find and transact with each other. Whether to accept THAT is always up to each merchant, and acceptance may change over time.
How do I get THAT?
Availability will depend on your region and which services you choose to use. In general, people may be able to acquire THAT by:
purchasing it on an independent centralized exchange (CEX) – e.g. Coinstash
purchasing it on an independent decentralized exchange (DEX) – e.g. Uniswap
using any on-ramp or swap integrations that may be available in the THAT app, which connect users to third-party service providers
receiving THAT directly from another user or business in a peer-to-peer transfer, or
participating in occasional campaigns or promotions that the Company may run from time to time, where permitted and subject to applicable terms and eligibility.
Trading venues and integrations are operated by third parties. Availability, supported pairs and eligibility requirements may change over time. The Company does not operate an exchange or order book and does not guarantee that THAT will be available on any particular venue.
Where can I use THAT?
Some independent merchants may choose to accept THAT or other supported digital assets as consideration for goods and services. The THAT app may include a directory where merchants can indicate that they accept digital assets and share basic business and wallet details.
Any decision to accept THAT is made solely by each merchant. Acceptance may change over time, and the Company does not guarantee that any particular business will accept THAT, or that any listing in the directory is current or accurate. Users should always confirm prices, addresses and terms with the merchant before sending funds.
Is THAT a stablecoin?
No. THAT is not pegged to any fiat currency or other asset. It has a fixed maximum supply of 3.3 billion tokens on the canonical Ethereum contract, and its market price is determined by supply and demand on trading venues and in peer-to-peer transactions. The price of THAT can be volatile and may move up or down over time.
The fixed maximum supply and time-based release schedule are intended to make the token’s issuance predictable and to avoid discretionary increases in total supply. They do not guarantee any particular price, level of demand or economic outcome.
Can I earn rewards or bonuses with THAT?
From time to time, the Company may run limited campaigns (for example, referral programs, onboarding incentives or merchant-related promotions) where users or merchants can receive THAT or other benefits if they meet specified criteria. The availability, size and terms of any campaign:
are set by the Company at its discretion
may differ by region and user type, and
may be changed, paused or withdrawn at any time.
Participation in any program does not guarantee future rewards, and recipients remain responsible for their own tax and regulatory obligations. No campaign should be treated as a promise of ongoing income, yield or returns.
What blockchain is THAT on?
THAT is implemented as an ERC-20 token on Ethereum and may be available other networks (e.g. Polygon) via bridging arrangements. The canonical token contract and fixed maximum supply of 3.3 billion THAT are on Ethereum. On other networks, THAT may be represented by bridged tokens that are intended, under normal conditions, to be economically backed by locked tokens on Ethereum.
Further details are set out in the Bridged Tokens and Network Risksection.
Is the THAT app non-custodial?
Yes. The THAT app is designed as a non-custodial wallet interface:
private keys are generated and stored locally on the user’s device in encrypted form
transactions are signed on-device and broadcast to the relevant blockchain network, and
the Company does not have access to users’ seed phrases or private keys and cannot restore access if they are lost.
Users can also hold THAT in other compatible non-custodial wallets if they prefer.
Are THAT transactions "gasless"?
No. Transfers of THAT on public blockchains require network fees (often referred to as “gas”), which are paid to the network’s validators or miners, not to the Company. The amount of gas required depends on the underlying blockchain and its current conditions.
In the future, the Company may explore options such as fee subsidies or meta-transaction patterns in some contexts, but there is no guarantee that any transaction will be “gasless”, that fees will be covered by the Company, or that any particular mechanism will be available at any time.
Is THAT secure?
The THAT app is designed to follow common industry practices for non-custodial wallets, including:
storing private keys locally on the device in encrypted form
making use of device-level security features (such as passcodes or biometrics) where available, and
signing blockchain transactions on-device so that private keys are not transmitted to the Company.
However, no digital system can be guaranteed to be completely secure. Security also depends on the user’s own practices, including how they store their seed phrase, how they protect their device and whether they avoid phishing or other scams. Users are responsible for maintaining appropriate security and for backing up their recovery information.
Will THAT list on more centralized exchanges (CEX)?
The Company may, from time to time, seek additional listings where appropriate. Whether and when THAT is listed on any particular exchange or trading venue may be determined by the relevant operator and other factors outside the Company’s control.
There is no guarantee that THAT will be listed on any specific exchange, or that any listing will continue.
Will THAT support NFTs and other features?
The Company may introduce or support non-fungible token (NFT) functionality focused on access, loyalty or membership-style use cases, as described in the THAT NFTs section. These features are intended to help merchants and users manage access or benefits (for example, VIP tiers or discounts), rather than to create investment products.
Any NFT-related features are subject to technical, legal and commercial considerations and may change over time. The Company does not guarantee the availability of any particular NFT feature, marketplace integration or secondary market.
Is the THAT supply fixed?
The canonical THAT token contract on Ethereum has a fixed maximum supply of 3.3 billion tokens, all of which were minted at the Token Generation Event (TGE). The contract does not include any function to mint additional tokens beyond this amount. Tokens are released over time under vesting and funding schedules, as described in the Fixed Supply and Vesting section.
On other networks, bridged representations of THAT may exist to facilitate use on those networks. Under normal conditions, these bridged tokens are intended to be economically backed by locked tokens on Ethereum, but they involve additional technical and operational considerations, as outlined in Bridged Tokens and Network Risk.
Last updated