Cryptov8 - bringing banking to blockchain
There are about 300 to 500 million people globally interested in joining the Cryptocurrency world but broad adoption of digital currencies for real world use cases is hindered due to many fundamental issues. Some of them are inherent, others are timely and the rest are subject to technological approach towards Crypto.
The cryptocurrency market is largely fragmented and difficult to navigate for the uninformed. Exchanges are many, with coins or tokens distributed amongst them. Fiat gateways often make it hard to obtain a specific coin without buying another coin on the way through and wallets are numerous and sometimes confusing for the newcomers. This creates a real barrier to entry and extra unpublished transaction cost for many potential investors.
Cryptov8 aims to change the way we use Crypto. They provide a viable solution to using cryptocurrencies across the entire market. Their technology platform and digital assets will improve the adoption and usage globally. Once authorized in the United Kingdom, they will use bank regulation & security for all of their Crypto banking services.
Cryptov8 will be a UK domiciled and authorized bank using blockchain technology to bridge the gap between crypto banking and traditional banking products and services. Cryptov8 technology platforms and digital assets will enhance adoption and usage of cryptocurrencies globally. The Cryptov8 project extends far beyond any existing ‘Crypto Banking’ services that exist today. Not only they will have a universal account and wallet, Cryptov8 intend to streamline certain challenges that customers regularly confront, which will ultimately create the best possible route for adoption of cryptocurrencies. The Cryptov8 team aims to bridge these currently disparate worlds to provide consumers with the most stretched out choices and top of the line customer services.
Cryptov8 will be launching a universal account and universal wallet that manages both FIAT and cryptocurrencies. For the purpose, CRV8 will be utilized to empower Cryptov8 customers and give them access to key assets and products that will benefit them in the crypto market. Further, Cryptov8 will be launching a series of tools, products, incentives and the CRV8 token will give their customers access to those assets.
Prior to ICO there will be a whitelisting period (started a day ago), followed by a 2-week Pre-ICO period and then a 2-month ICO period. The price per CRV8 token during the Pre-ICO period will be 0.0002089 ETH and subsequently in the ICO period will rise up to 0.0002315–0.0002646 ETH.
There will be a total of 1 Billion tokens, 750 Million of which will be available for public sale. Here’s a breakdown of the distribution:
75% CRV8 Public Sale
10% CRV8 Liquidity Reserve
10% CRV8 Launch and Operational Team
3% CRV8 Bounty Campaigns
2% CRV8 Advisors Share
You can buy Cryptov8 tokens with your Ethereum or Bitcoin or any other FIAT currency for the time being. Please know that payment methods other than Ethereum are handled manually.
Watch this video to learn How is Cryptov8 different?
Alpha prototype of Cryptov8's mobile application for a unified account supporting:
Multi-currency fiat and crypto linked current account.
Atomic swaps and person to person transactions.
Cryptocurrency linked debit card.
Crypto syndicated loans.
Integrated fiat gateway and exchange
This is no longer a secret that the traditional Banking giants intentionally made Bitcoin look vulnerable by passing on reckless comments in the Crypto circles and media giants. Of course it was expected, but they came at a time when the Crypto community was the least equipped for such rash comments.
It’s a no-brainer that cryptocurrencies and Blockchain is the tech of the century (so far) and can not be avoided for long even if you are an adversary. You don’t have to look too far, take the example of JP Morgan and countless others.
No matter how strongly you advocate for Cryptocurrencies and it’s use in general, you still need the banks to enter the market. It may be considered as an undesired route but since cryptocurrencies are not regarded as legal tenders, what options do you have?
This is where Cryptov8 comes into play.
What if you could get Banking on the Blockchain? What if you could lend/borrow on the Blockchain? What if you could buy/sell directly in your desired FIAT-Crypto without buying Bitcoin or any other major currency first. And what if someone were to bridge the gap between Banking and Blockchain for you to increase the mass adoption and merchants services worldwide?
That’s exactly what Cryptov8 team intends to take on. We all know the ever expanding massive potential in Cryptobanking industry. The immensely experienced team of Cryptov8 holds the requisite skills to pull off this ambitious project. Each of the team member have at least a 20 year FinTech experience and a proven track record. Don’t just take my words for it, go and google yourself.
I guess that’s pretty much it. If you would like to know more, read the Whitepaper here or visit any of the following resources for additional help.
Date: 14th July – 28th July 2018
Exchange rate: 1 ETH = 4,788 CRV8
Date: 28th July- 28th September 2018
Exchange rate: 1 ETH = 4,320 – 3,780 CRV8
Soft Cap: 15,625 Ethereum
Hard Cap: 156,250 Ethereum
Accepted payment methods: ETH, BTC, fiat