Tag Archives: ETH

CREDITS For The Next Decentralized Financial System

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CREDITS is one of the platforms that was developed to provide a decentralized digital financial service and enable interaction between each member and peer-to-peer (P2P) concept. CREDITS allows for an agreement in a user-defined smart contract. The ledger is also deployed in a distributed form so that the potential of this platform is great for becoming a significant financial platform. All members will be unified on a single site that allows each participant to use and offer financial services. The adoption of an innovative concept will enable each participant to interact with the network to implement a decentralized economic function.

The p2p rules in financial services are entirely used to provide services such as credit granting, funding, currency exchange, money transfers, and all other services that can be done directly. The p2p concept has eliminated intermediaries so that transactions will happen faster, cheaper, and better. The direct interaction that occurs in p2p is a revolution in the banking world. It is also the same with the revolution of information from newspapers, magazines, and television into bloggers, websites, youtube and social networking. All information has been stored in a decentralized cloud system with investment in crowdfunding. Magazines and newspapers are increasingly abandoned as well as traditional banks in the future.

Now is the time for financial platforms to keep pace with technological developments by implementing a decentralized system. Implementation of p2p direct interaction is also worth trying because if viewed technically it will be easier in its application. By applying them to appropriate technological environments, the role of decentralized systems for financial services products can be done using distributed ledgers with execution time in just seconds. With the application of distributed ledgers, it can also provide the platform with the ability to handle large amounts of transactions simultaneously at low cost for each non-cash and microtransactions.

The best service can be provided with the development of a system that enables all participants to improve the quality of decentralized financial services. The system should enable services that include user personnel, credit history bureaus, KYC, withdrawals, fiat money settlement centers, and crypto. All basic services in the banking world must be done by the digital banking platform so that its use can be a revolution that replaces the role of traditional banks. Every piece of financial services should be unified and implemented by offering cheaper fees and faster transactions. The p2p concept must be able to prove the digital financial system more desirable to users.

As a decentralized platform, CREDIT will combine every member of digital financial services so that every transaction can be done quickly and can. Ledgers will also be applied to distributed systems. The project is created with the service concept of blockchain technology so that it will implement smart contracts to reach an agreement. The interaction will be generated from any financial service participant by the principle of federal voting. CREDITS economic platform has a high potential in providing services at high speed regardless of transaction cost limitations. CREDITS will be the solution of any problems that occur in the use of conventional banks to transact in the digital age. You can get the complete information using these links:

The Use Of Ledger Network In Decentralized Digital Financial Services

In the decentralized platform, the ledger network acts as a network node capable of storing transaction data that has been confirmed by the system and then stored on all existing network nodes. The network node has the task of being the computer where all clients can connect to the system and then verify all the transactions and write transactions to the ledger. Any operation that occurs in the system will be followed up by smart contract methods and the results obtained will be stored in the blockchain system. Smart contracts are intended to facilitate the process of data verification and ensure agreement to occur by the provisions. The method is used to calculate the work as a form of responsibility and store data into the system.

The decentralized network built will use some goal-dependent node. The node will participate in the transaction verification process. That aims for validity can be achieved by having common belief factor in processing data on the next cycle in the network. Knots that have the maximum trust will be called as a trusted symbol. This node serves as a candidate of the current processing node and the common node. The network which participates in verifying and adding transactions to the ledger block is the main node. Further calculations are done depending on the number of nodes and the complexity of the network. The prevailing system uses trust factors in the form of absolute numerical values from 0 to 1.

The application of a network ledger cannot be separated from a condition called an ordinary block book. The condition occurs when all the first large blocks are synchronized across all system nodes. The contents of the ledger are a single unit of information in the form of block hash codes. Block number will be the thing checked during the synchronization process. Each node will be linked to another node to generate relevant information. The level of knowledge will be improved through information processing. Any existing information management process will be handled simultaneously. The parameters of the input will provide transaction details that will drive an operation to obtain the numerical code.

The final solution of group decision making within network nodes is by consensus. In a decentralized system, the availability of ledger will ensure that each node can write data to the ledger. Modifiability can also be done by all participating nodes in the network. All nodes will view the same version as a consistency form of all system nodes. The node will see an identical version of any ledger that has changed. The applied system also has resistance to a separation that occurs when the node cannot be operated so that it will not affect the general ledger operation.

Priority will be omitted in a decentralized network to provide identification to network nodes that perform transaction queuing processes stored on different network nodes. The transaction block will be entered upon completion of the queue process. The protocol used in CREDITS is a combined protocol that can increase transaction speed, high security, data storage, and transaction transfer processing. All protocols are based on mathematical calculations of all transactions that occur within the ledger.

The ICO of CREDITS to Gain The Contributors

 

ICO is an activity that is commonly done by the startup platform to get a contribution. The results of contributions gained during ICO will be used for platform development. The terms of the given input will usually vary from each platform. The success of ICO will determine the platform development process. The developer team has traditionally defined how much contribution can make a platform able to continue. The distribution of funds has also been planned by the developer team so that the allocation of funds can be done appropriately. CREDITS has resolved pre-ICO on December 26, 2017. The results obtained are worth 3,002,165 USD or 4,029.12 ETH. That is a great enough result for pre-ICO events. Total contributor to pre-ICO is 700 users with 1100 payment.

The ICO will begin on February 1, 2018. One of the first steps you can take to join ICO is to fill in forms for whitelist requests. Then CREDITS will store the tokens for you. The data that you will fill in the fill request form whitepaper is an email address. You must fill in a valid email address and still active. The next step is to fill in the address of your public Ethereum wallet. This public address will be the source that allows you to transfer some ETHs. Next, you will fill in the amount of ETH you will give. The minimum amount is 0.01 ETH. Finally, you agree to the terms of use ICO terms privacy policy and click continue.

Each participating contributor is required to register on the official website page of the Credits platform. The provisions imposed are to execute the first contributor who has a small payment amount. Before deciding to join, you may need to know that Credits is a utility token based on the legal opinion from the United States and Singapore. Credits have also received approval to sell token to all citizens of the world including USA, Singapore, and China so it is expected that the amount of contribution collected can be fulfilled soon. KYC will be applied to contributors who provide funds with ETH amount or more. So contributors to that amount will provide complete information such as names, addresses, and some official documents to identify contributors. If your contribution is less than 10 ETH, then you do not need to provide detailed information. You have to set up your Ethereal account. The availability of the Ehterum address is essential to join in smart contracts and participate in ICO. If you don’t have an Etherum address, then you cannot participate in ICO and will be blocked by a smart contract.

Alpha version launch schedule is expected to be faster in January 2018 before the ICO begins. It will make you faster to know how CREDITS platform in providing its services as banking in the digital age. The full release will be done within the next four months. The use of Escrow for ICO funds will be available gradually following the full version of Alpha. Founder tokens will not be available within a year. The fair amount is also applied in determining the Cap that is amount 15 M USD.

The new generation of blockchains with extraordinary capabilities will be launched to give people the benefit. CREDIT has been built to replace old technology with several new approaches offered such as registry development, consensus, processing, data transmission, and preservation. The latest technology will implement low transaction costs for platform expansion. The whole world will know CREDITS crypto technology by realizing a decentralized system. The development of MVP and Alpha will be resolved and have received positive feedback. Besides, the demand from the users comes more significant as well as from the experts who will implement the CREDITS platform. Therefore, your contribution is crucial to realize a platform that can be the latest solution and innovation of decentralized systems. To know about the development, you may join the social media of CREDITS platform below:

The Development of Crypterium as Cryptobanking for The Future Digital Payment

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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:

 Social Media:

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.

Source: https://www.shoppica2.com/the-development-of-crypterium-as-cryptobanking-for-the-future-digital-payment.html