Dec 25 2017
The Development of Crypterium as Cryptobanking for The Future Digital Payment
The enhancement of technology brings the innovation in each part of life. Every development, technology is designed to pamper people by simplifying every activity that should be completed by humans. One of the innovations that are overgrowing is the shift of cash payments into digital payments. The volume of transactions with digital payments continues to experience year-end warnings. That encourages the emergence of platform innovation to simplify and improve transaction security.
Payment solutions have begun to be developed without contact. Hosts that have provided this service include Google Pay, Ali Pay, and Apple Pay. Other solutions offered are mobile approaching methods such as NFC and QR codes. Cryptocurrency becomes one of the systems with a relatively rapid development. Similarly, the crypto economy is expected to grow to a value exceeding three trillion dollars.
Cryptobank is a solution launched by Crypterium in digital transaction troubleshooting. Cryptobank is engaged in services to provide the overall, benefits of cryptocurrency. The advantages of the crypto bank are low transaction cost, high transaction speed and guaranteed level of security. Crypto users have reached three million people.
The crypto banking app will be launched for iOS-based smartphones, windows, and Android. Unlike conventional banks that require cards to transact, the crypto bank needs only your smartphone. Currency used crypto-based and fiat with instant process engine. Later each user can make fiat-based payments without having to have transactions in advance.
The crypto banking platform has been under development since 2012. The bank’s crypto application is planned to be used in the first quarter of 2018. The token payment pre is commenced for Crypterium development. The initial CPRT token payment will reach 210 million tokens. The specified value is 0.0001 Bitcoin for one CPRT token. Token sales will begin in late October 2017 and will last for 75 days.
You may visit the official websites and social media of Crypterium to have the further information about the platform.
The official link to Crypterium:
- The Ann Thread: https://bitcointalk.org/index.php?topic=2214098.0
- Website: https://crypterium.io/
- White Paper: https://crypterium.io/wp/index.html?v=1.01
- Official Twitter: https://twitter.com/crypterium
- Facebook Group: https://www.facebook.com/crypterium.io
- Telegram: https://t.me/crypterium
The Crypterium Token (CRPT) As The Power Of Decentralization
Any transaction that occurs in crypterium will use CRPT as a sign of agreement. Each token holder is recommended to use a CPRT token in performing daily activities. Therefore there will be no agreement without using CPRT. In the future, CPRT will be used in cryptocurrency exchanges.
The rules in the platform are that everyone using the facilities in Cryptobank must use CRPT as payment. CRPT can also be used to form a reserve of funds that can be used for the future. With the concept of cryptocurrency applied to the Crypterium platform, each transaction is transparent.
The running system has been integrated with every transaction that happened. That will make every transaction can be completed very quickly. The algorithm applied in the Crypterium platform allows each member to exchange, purchase, and sell cryptocurrency with precise and accurate conversion calculations.
Until now the use of banking services enjoyed by the users has specific tariffs to be paid. Within the Crypterium ecosystem, the volume of transactions created will create a high loyalty that allows for the awarding of specific rewards. Developers will highly appreciate platform use loyalty. Tokens owned by holders are expected to increase over time. The addition of a token value has several benefits for token-holders.
- High-value token owners can have priority to enjoy every service offered within the platform.
- A limit on the number of users will be applied within the platform as the specified hollow to reduce the possibility of fraud within the platform.
- All users can use the core services that are deployed on the platform without any additional cost. However, specific functions may require other fees for their use.
- The token holder may receive additional facilities in the form of a discount in using a paid service. That will allow each user to increase the number of tokens they have.
- Traders who have tokens may use paid platforms by obtaining a discount on the applied rate. The cost details will be different which will be based on the launch date of the solution.
- The additional benefits of each token product are highly expected by a growing company.
Offering all the advantages that meet the need for platform innovation that supports digital transactions will make crypto banking a much-awaited presence. Therefore, every prospective user who wants to enjoy every facility will undoubtedly contribute to ICO token sales. The contribution is needed so that development can be implemented until the launch of the application.
The Crypterium ICO Token Sale for Developing The Platform
The ICO event is addressed to potential users of the Cryptobank platform. The purchase of a CRPT token can also be performed on this sales event. The use of CRPT tokens will follow the standard Ehterum market with intelligent token contracts. The CRPT token has an indefinite period established within the blockchain.
The European Union is an institution that houses Crypterium. Its headquarters are located in Estonia. Applicable European regulations can ensure absolute accountability and total transparency of any activity occurring within the Crypterium ecosystem. The launch of the company report also did not escape the supervision.
Estonia was chosen because it has a high-profit rate for the development of an innovation platform. Based on data Bitcoin.com, Estonia also included into the country that was ranked first. Estonia is a country that actively supports the development of cryptocurrency. This opinion is reinforced by the establishment of Bitcoin-ATM in Estonia.
The user activity of the CRPT token holder can be awarded by the developer with the availability of various benefits that can be used. The number of rewards earned can be calculated based on how much activity and ownership of each user’s token in the ecosystem. CRPT purchase does not have the same nature of stock ownership or the like so that most token owners have no particular influence in policy-making within the Crypterium ecosystem.
Token distribution is done by direct means. Payments made by participants in the ICO period. Payment token probably not be separated from the terms and conditions imposed in the sale of tokens. ICObox supports the development of Crypterium platform. To improve security, developers work with blockchain. Token distribution in pre-sales will be used as a cost source by using CRPT token.
The provisions on token sales have also been described on the official website of Crypterium. You can even read whitepaper from this platform. To see updates from token sales and distribution developments, it’s easier if you follow the official social media of this platform. Knowing well about the project that you will support will be the essential thing.
The Token Distribution with Bounty Structure
After assigning the value of one CRPT equivalent to 0.0001 BTC then the next step is to know how the token will be distributed in the development of the platform. Distribution will be done with 9% division for team founders, 3% for advisors, 3% for Bounty campaign, 15% for the reserve fund and 70% for contributors.
Contributors are intended to distribute the number of ICOs to the entire community. The reserve fund is expected to finance loyalty purpose and marketing. ICO management and platform founders also got a share of the token contribution. Other than that the partner adviser is also entitled to get funds from grants. The marketing campaign team also has the right to receive awards.
The focus of Crypterium is to create rapid adoption products. Efficient mass scale transfer will help reward CRPT holders. The token purchase can be made during the ICO event period which will last until January 25, 2018. The transfer method can be done with BTC, LTC, and ETH. However, specific tokens purchases will be discontinued within ten days before the end of the token sale.
The main thing that became the key to the success of the ICO event was marketing. This section is critical because it is responsible for introducing Cryptobank and all the facilities available to all potential communities. CRPT tokens allocated to marketing have also been determined from the beginning of the ICO assignment.
Determination of the allocation of funds from the beginning can be seen on the whitepaper that has been prepared by the developer. The whitepaper is intended so that every potential investor can know the concept of the system offered. Descriptions of the ICO census have also been established complete with the distribution of funds. The roadmap of the project development along with the development team will also be described in the whitepaper. Clarity of the content of whitepapers to be one of the determinants of the project will be taken into account by investors to participate in token sales events.
Token Sales Event, Dec 25
The problems that arise in the practice of digital transactions must be addressed. Crypterium comes by offering solutions that are becoming a revolution from traditional banking to digital banking. The concept provided can be integrated with all technologies including smartphones. All the conveniences for life are one of the goals of developing an innovation platform. As a potential user, you can now participate in token sales events as a form of support and approval for the establishment of this platform.
Jan 7 2018
CREDITS Use The Revolutionary Blockchain Technology For The Best Financial Digital Service
The use of blockchain to build a decentralized system is the latest innovation to simplify digital transactions. CREDITS is one of the blockchain platforms that use smart contracts. The crypto concept is also applied in the platform to create a better blocking system than existing systems. Better use of blockchain technology will enable CREDITS to handle faster transactions of one million operations in one second. Using a decentralized financial system as a direct interaction between participants within the platform will make the transaction ease and cheap to happen. The potential use of financial services will use a distributed ledger.
The use of peer-to-peer aims to create services that can provide financial services such as money transfers, lending, currency exchange, funding, and other transactions conducted directly by each participant. All transactions that occur can be done without an intermediary, and the cost incurred more affordable. The quality of service received will also be better with faster transaction time. The peer-to-peer concept is tantamount to a revolution in financial services where the money will be invested in ICO and crowdfunding. All information obtained will be stored in a decentralized cloud.
The introduction of decentralization with direct interaction has been applied to different types of platforms. It’s just for the financial services until now still not using the system. That’s because the digital system is considered less secure to store essential transaction data. However, technically the creation of a decentralized system with blockchain technology has a high level of security. The use of ledgers distributed in digital financial services will speed up transactions and the costs incurred will be lower for each payment transaction that occurs.
Financial services using distributed ledgers can assist in the development of systems with better-decentralized service quality. Quality improvements are made with user personal information services, fiat money settlement centers, crypto liquefaction, withdrawals, and KYC. As a solution to the essential tasks that must exist within the financial services platform, CREDITS uses decentralized technology. The platform can provide secure and fast financial transaction services. Limits that apply within the system will be created based on original contracts that each participant can agree upon on the platform.
A decentralized system also allows participants to have interactions that can provide services for financial products. New markets may be open in blockchain financial services. The use of the system to perform digital financial transactions has become an option because it offers convenience and affordable costs. The need for digital payment transactions is increasing rapidly every year. The use of traditional banks is still considered less efficient to make payment transactions in the digital era. The development of existing technology continues to encourage the digitization of every aspect of life.
CREDITS is present as one of the revolutions of the world of sacrifice that has a lot of support and renewable technology to create a secure transaction at an affordable cost. The integration of blockchain technology and distributed ledgers is an excellent idea to improve the quality of financial services. CREDITS also implements smart contracts to forge an agreement with each participant incorporated in the platform. With support from the digital community, CREDITS will bring banking services faster and easier to meet digital payment needs. For more information, you can visit the Ann Thread at https://bitcointalk.org/index.php?topic=2401248.
The Implementation of Smart Contracts within CREDITS
Implementation of smart contracts within the platform is essential to support a decentralized system. The intelligent deal will present an automatic algorithm in the form of an overview of sets of conditions that indicate the conditions of an action taking place in the digital world. Smart contracts within CREDITS can be controlled by every participant in the ecosystem. Centralized authority is still required to realize an independent cryptocurrency to use the cost of smart contract transfers. This is because a fully decentralized environment does not include the human factor needed in it. The concept of smart contract is expected to facilitate the implementation of a system that provides financial services in peer-to-peer. Transactions under smart contracts will allow each participant to get the appropriate deal with the needs.
In a smart contract will consist of several entities consisting of properties and methods. The property has a function to store a public data required in a smart contract that is implemented within CREDITS. Then in a smart contract will also require a method to be responsible for logical observation and sequencing of actions on transactions conducted under the contract. Each participant can use the call method to modify the contract properties to launch a verification process. Smart contracts will apply after each party’s signature is signed. An extension environment will be required to ensure compliance with the obligations under the automation of contract implementation. The requirements of the smart contract will have a clear mathematical and logical description of the execution.
The smart contract will be automated to meet the completeness and reliability of the contractual relationship between the parties involved. System entities contained in the smart contract method implemented within CREDITS will be responsible for the sequence of actions and logic as long as the transaction can be made under the contract. Modules run in action will explain following execution commands that allow obtaining results from the wishes. Each code in a smart contract can handle assignment commands, user commands that have separate functions, contract properties that contain static and dynamic variables that have initialization within the contract method, and methods of any other available every contract.
Scripting languages are also provided for the development of a more famous smart contract system. The program code allows for the use of all scripting operators. The method used in the contract will be run with a virtual system environment and is called a VM. The allocation of the memory area and the bytecode load of the contract will contain methods and variables that are redefined when the other contract codes are called. At runtime, VM will start the procedure for bytecode method.
Variables and codes will be loaded into memory areas that are executed with commands that will be executed in a row. Then each result will be transferred into the peer-to-peer network to be placed in the ledger. The user of the system will be the initiator of the execution method that can behave on behalf of the method launcher. CREDITS will be one of the incubators of the value of the contract unit to be able to compare two chaotic units and build consensus to run the contract. CREDITS cryptocurrency will serve as a platform that can affect the transfer value.
The overall concept built in the CREDITS platform development has the goal of getting each participant to enjoy transaction convenience. Each service requested by the participants can be done quickly and efficiently but at a low cost. To ensure the speed CREDITS chooses blockchain technology. The use of blockchain will also make every transaction more secure. With the support of the smart contract that will provide comfort for each participant to reach an agreement. The platform will be developed to successfully deliver the best digital financial services to every participant incorporated into the ecosystem. For a conceptual overview of CREDITS, you can see it in the white paper at https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf.
The Token Sales Of CREDITS
CREDITS token sales are one of the most critical events to realize a digital financial services platform. Token sales will be held at the ICO event. To participate, you must register first at https://credits.com website. Pre-ICO has reached 3,002,135 USD or 4,029.12 ETH. Token sales on Pre-ICO has managed to get 700 contributors from 1100 payments. The soft cap has been set at 1.5 mln USD, and hard cap is at 3.0 mln USD. You can see smart contract for ERC20 in Etherscan. You can perform a request procedure for a whitelist in advance to get the participation inside ICO.
Registration for all contributors is done on the website page to enter the list to the whitelist. Then the contributor will make a payment first for any contributor who has a small payment will be executed first. In ICO implementation, CREDITS team has conducted legal opinion in Singapore and USA. The result of a legal advice states that CREDITS is a technical token or utility. CREDITS has also been approved to be sold to all citizens of the world. America, Singapore, and China are also included in countries where citizens can contribute to ICO operations.
The success of ICO will be influenced by how the concept of the project is offered. The whole idea has usually been described in the whitepaper. To get many contributors, the deployment of information about the platform is also critical to enable anyone worldwide to join in token sales events. Each person can contribute with a different value even if it has been specified minimum amount for the token purchase. The information provided by contributors to the platform may also be varied for a specific payment amount.
For contributors who have a purchase value of 10 ETH or more, will pass the KYC process or know your customer through a separate identification. Contributors with that amount will fill in some data such as name, address, and some official documents needed for transaction security and convenience. While for contributors under 10 ETH does not require detailed verification. Each contributor must have an Eheleal address that will be used for payment. Ethereal address ownership is the main thing because it will determine your participation in ICO. If you do not have an Ethereal account, you will be automatically blocked by Smart Contract.
Credit can make transaction settlement quickly. The required execution time is only 0.01 seconds to complete one million transactions. By using blockchain technology and smart contracting systems, CREDITS will improve performance with API programming. CREDITS is a very reasonable range when compared to other platforms. As a new project that provides many services for consumers, Credits have shown rapid progress so that the number of funds received will be more useful to complete the project development process. To be able to support the completion of the platform development you can contribute to ICO as the pre-ICO has closed on December 26, 2017. ICO will start on 1 February 2018. Make sure you keep abreast of platforms to make token purchases at the predefined time. Tokens may not be available after the ICO event ends. For more information, you can visit the following link:
By admin • Business Tips and Ideas, Finance • • Tags: blockchain, credits, digital, financial, revolutionary, service, technology