

## What Is 12Ships (TSHP)?

[12Ships](https://coinmarketcap.com/currencies/12ships/) (TSHP) was launched in 2019 to realize the ambitions of the Fourth Industrial Revolution through [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) technology. The company's mission is to generate stable profits and innovate the blockchain space by developing smart mining solutions that are formed on eco-friendly mining infrastructure using 12Ships’ high-performance mining machine.

The company aims to expand the scope of TSHP tokens, to develop a secure, streamlined and profitable service for games and e-commerce, and to create a global platform built upon reliable blockchain infrastructure.

Who Are the Founders of 12Ships?

[12Ships](https://coinmarketcap.com/currencies/12ships/) (TSHP) is backed by Twelveships Foundation Ltd., founded by Ahn Michael and Min Young Hoon in March 2018. The company is registered in Singapore but is headquartered in South Korea.

Qianjie Zhao is the director of 12Ships Foundation. Since 2019, he has served as an advisor to FBG Group and as co-founder and CEO of Vancores; the latter acquired 12Ships in April 2020. Zhao entered the blockchain space in 2014, beginning his journey as marketing director for BTCChina. He also took a leading role in BTCChina’s mining pool, which was at one point one of the largest [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) [mining pools](https://coinmarketcap.com/alexandria/glossary/mining-pool) in the world.

Peng Zhao is chief technical officer (CTO) at both 12Ships and Vancores and has 15 years of experience in IC research and development (R&D). 

12Ships’ chief hardware architect is Duncan Chen. He has over 16 years’ experience of working in consumer electronics and industrial automation hardware design and management. 

Chase Wang is chief software architect at the company and has expertise in blockchain and cryptocurrency [mining](https://coinmarketcap.com/alexandria/glossary/mining). Prior to working at 12Ships and Vancores, Wang was the tech director of BTCChina Pool.

What Makes 12Ships Unique?

The main goal of [12Ships](https://coinmarketcap.com/currencies/12ships/) (TSHP) is to simplify the blockchain investment process by providing a profitable and secure infrastructure for [cryptocurrency](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) mining. The 12Ships team has devised high-performance equipment for reliable data storage and developed software for its smooth operation. It also offers transparent mining pools to platform users. 

Its products and services include:



* **[ASICs](https://coinmarketcap.com/alexandria/glossary/asic)**. Specialized crypto mining hardware that supports multi-algorithm mining using low voltage technologies. The developers promise high performance with low energy consumption.
* **Immersion Cooling System**. According to its creators, the system is 100 times more efficient than an air-cooling method, thereby reducing energy consumption. 
* **Hansando**. A [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) mining pool located in South Korea, with a focus on fair and transparent distribution and providing users with a simple interface. Its technology is focused on what the company calls “3S”: smart monitoring, [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and smart voting).
* **Hashchain**. An open blockchain network based on a [proof-of-work](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow) (PoW) system that ensures a high level of security.

Related Pages:

Read about [Cardano](https://coinmarketcap.com/currencies/cardano/) (ADA) , [Enjin Coin](https://coinmarketcap.com/currencies/enjin-coin/) (ENJ) and [Filecoin](https://coinmarketcap.com/currencies/filecoin/) (FIL).

What is [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20)? Learn more with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-are-erc-20-tokens-find-out-now-as-the-decentralized-finance-industry-takes-off).

Brush up on crypto terms using CMC Alexandria’s [glossary](https://coinmarketcap.com/alexandria/ru/glossary).

Follow the latest data on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH).

How Many 12Ships (TSHP) Coins Are There in Circulation?

[12Ships](https://coinmarketcap.com/currencies/12ships/) (TSHP) is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token that runs on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH) blockchain, with a maximum supply of 5,000,000,000 coins. The allocation of TSHP is as follows:



* 10% to the team
* 10% to advisors and partners
* 32% to sales
* 28% to the reserve
* 20% to the 12Ships ecosystem

TSHP is used for Hashchain services in a similar way to [gas](https://coinmarketcap.com/alexandria/glossary/gas) fees on other blockchains. Hashchain’s mining algorithm resembles that of Ethereum; users pay the network’s miners to carry out transactions on Hashchain.

TSHP token holders also participate in voting for the Hansando team and can influence the development of the ecosystem.

How Is the 12Ships Network Secured?

[12Ships](https://coinmarketcap.com/currencies/12ships/) (TSHP) is deployed on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH) blockchain, on which all operations are regulated and controlled by smart contracts. In 2019, the company successfully completed an audit by CertiK, which was conducted to detect problems and vulnerabilities in the source code of 12Ships’ smart contracts.

Further security is provided by Haschchain, which operates on a PoW mechanism and provides convenient verification, preventing tampering. Haschchain allows for the reliable recording, storage, and verification of important data, while minimizing the risks of data transmission errors or hacking.

Where Can You Buy 12Ships (TSHP)?

[12Ships](https://coinmarketcap.com/currencies/12ships/) (TSHP)  is currently listed on at least two crypto exchanges: [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) and [Bittrex](https://coinmarketcap.com/exchanges/bittrex/).

Download the [CoinMarketCap mobile app](https://coinmarketcap.com/mobile/) and track prices of TSHP in real time.

[CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog): stay up to date with the latest industry news, events and announcements.


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