CONTRACTIUM NETWORK ICO REVIEW

brainerdpaul (-2)(1)in #ico • 6 years ago

The influx of people into the cryptocurrency market has made an astronomical rise in the adoption of blockchain technology. Numerous supporters, investors from different field of professions and businesses around the world have embraced new technological innovation which has helped reshape the world. One firm at the forefront of this innovation is Contractium Network, a software designed to showcase the Contractium Proof of Contract (PoC), which is in line with the Proof of Stake (PoS) futuristic model of the Ethereum blockchain rather than the existing Proof of Work (PoW)

About Contractium

Global businesses are taking on a new and dramatic methods of operations. Decentralization is sweeping through major spheres be it in individualistic, corporate and public styled institutions. With decentralization made possible with the power of blockchain technology, organizations are actively positioning themselves to becoming major players and remaining competitive in this sort of an arm’s race industry rapidly moving in who becomes the leader of others in a blockchain powered global economy.

Contractium is one of the software projects running a decentralized smart contract based on Ethereum, which runs exactly as programmed without the possibility of downtime, censorship, fraud or third party intrusions, as well as decentralized software running smart contracts based on the Ethereum Smart Contract Platform.
This allows commercial companies and users to create markets, keep records of payables or promises, move funds according to long-term instructions (such as wills or futures contracts) and many other undisclosed items, all without intermediaries or risky partners.

Mission
Help contracter & contractee sign the commercial smart contract easily & trustfully.
Make commercial smart contract easy & secured.
Help users earn extra money with their online consumption.

Vision
Internet users' smart contract
Eliminating print contract.
Replacing online traditional rewards/bonus system.

Within the projected Contractium ecosystem, two or more local and/or international users can create commercial smart contracts easily to be able to deal with each other subsequently followed by the payment stage. Payment is easily achievable through the integrated crypto payment gateway system done in a highly secured and trustless method after which the successful completion of the contract, the contractual parties can easily issue rewards which could be in form of “cash-back” to each other with token easily termed the Crypto-Reward system much more efficient, swift and advanced than the traditional customer-loyalty-points system. All these will be made possible with the “CTU tokens” which is the contract crypto-fuel issued by the Contractium Network and will allow for the development of the

Contractium

Contractium, as a software-as-a-service, helps businesses use as:
A payment gateway (in those countries that accpet cryptocurrency as the international liquidity).
An online rewards system (in the rest countries of the world).

There are 3 main functions for Contractium:

Smart Contract Creation – Contractium’s smart contract features allows local and international users to create commercial smart contracts easily with out a technical background.

Crypto Payment Gateway – It also provides a simple, secure payment gateway to initialize and finish the payment procedure with plans to integrate 3rd party payment services (E-wallets, E-payment gateways).

Crypto Rewards System – Similar to a customer loyalty points program, Contractium will allow the issuance of their CTU token as rewards. CTU tokens are the fuel to the Contractium network.

CONTRACTIUM AND BLOCKCHAIN TECHNOLOGH

Contractium, based on the Ethereum blockchain - smart contract, which will be integrated into the actual business internal network.
Contractium with a friendlier UX / GUI (User experience / Graphical User Interface) compared to Ethereum, helps users easily create smart contracts with just a few clicks, drag and drop.
CTU is a Contactium Network with its crypto-fuel, will help online businesses change the way they reward their customers.

We have done our homework well and will be targeting these areas of businesses which attracts trillions of dollars collectively as industries

Freelance - freelancers will now be able to a contractium smart contract easily to work with their employers and vice versa. Employers will in turn pay for their services received and get bonuses from the freelancers.

E-Commerce - with Contractium integrated into E-Commerce sites, customers will be able to access the rich features of the Contractium application and withdraw their tokens earned as bonuses

Online Gaming - the thriving gaming industry is also not left out. Devs can always use the Contractium platform as means of payment while gamers who buy and pay for paid games can always be rewarded with CTU tokens instead of the traditional game points.

Social Media - users of these platforms can always be rewarded with CTU tokens when consuming paid/business information from publishers, content creators as well as other form of services obtainable from social networks and other related agencies in this niche.

Advertising - advertisers can create smart contracts to deal with users/agencies for ads campaign. Contractium perfectly fits into this area with the Contractium Network facilitating Smart contract creation, payment and reward/bonus system.

Social Data - with Contractium, users of various sites can obligingly sell their details to relevant agencies who seek to use these data for their various business research or advert purposes unlike the secret and unofficial usage of these data by erring organizations.

Why make CTU ?
The Ethereum blockchain technology is based on the Proof-of-Work (PoW) algorithm and now plans to switch to Proof of Stake (PoS).
That's why we created Contractium, which is based on Ethereum with the Proof-of-Contract (PoC) algorithm.

How is CTU made?
CTU is a must-have element, fuel, - contract value -, to sign smart commercial contracts on Contractor apps.
CTU is a form of payment as well as contract, made by contracter and contractor (customer and business) when they continue the agreement; order; ordering online / offline services.
CTU is a definite incentive to make operational procedures between parties 02, on a Contratium blockchain based, reliable and one of them can obtain additional CTU value back with the award policy of the CTU network.

Problem-Solution-Fit

Blockchain and cryptocurrency technology are going to be popularized in many countries such as: Japan, Canada, Israel, Australia, Hongkong, Singapore. and world-wide afterwards.
The internet users will either sign the e-contract and/or smart-contract, which were first proposed by Nick Szabo, who coined the term, in 1994.
The more advance means of payment will be added/applied for all online businesses, as well as the rewards/bonus system for online. consumers.

Token And ICO Details

Token CTU
Platform Ethereum
Type ERC20
Price in ICO 1 ETH = 15,000 CTU

BONUS
Private sales: +65%.
Tokens for sale 1,500,000,000

Investment info
Min. investment 0.1 ETH
Accepting ETH
Distributed in ICO 50%
Soft cap 2,000,000 USD
Hard cap 10,000,000 USD

Token allocation:
Pre-ICO & ICO: 900,000,000
Contractium Team: 200,000,000
Foundation reserved: 100,000,000
Advisors & Partners: 100,000,000
Bounty & Marketing: 200,000,000

The ICO event has 4 periods as follow;
Private Sales : 07 July 2018 - August 2018
Pre-Sales : August 2018 - September 2018
Public Sales : September 2018 - October 2018
Token Sales : From October 2018 - November 2018

Each of the 4 ICO periods has each bonus rate as follows;
Private Sales: + 65% bonus.
Pre-Sales: + 45% bonus.
Public Sales: + 25% bonus.
Token Sales: + 15% bonus.

The sales target of each ICO period is as follows
Private Sales : 15% of the fund.
Pre-Sales : 25% of the fund.
Public Sales : 35% of the fund.
Token Sales : 25% of the fund.

Private sales
Started from 07/07/2018

The first MVPs launch: The Smart-Contract-App https://mvp.contractium.io/ [close-alpha-testing-version] Help end-users deploy (commercial) smart contracts easily, securely, trustless to work together (ex. in the freelance industry) without technical knowledge & skills.

The second MVP launch: The Tokenize-App https://tokenize.contractium.io/ [alpha-testing-version] Help business-users deploy smart contract, issue tokens on Ethereum as well as on the other blockchains.

Pre sales begins on 08/08/2018

Public sales begins on 09/09/2018

ICO token sales begins on 10/10/2018

ICO finishes & closed on 11/11/2018

ROADMAP