Combining Social Media and Cryptocurrency - Caratz Platform!
Yes, within the Caratz Platform, you can directly transfer cryptocurrency through your favorite social media accounts. That will lessen the hassle and ensure transparency via the transactions. That will remove risk of frauds and scams completely. This will be the next step to social media's evolution and Caratz Platform will take the first big step!
Caratz will be bridging the gap between Cryptocurrency and Social Media. Integrated with a decentralized exchange, users can trade and interact in a cohesive ecosystem that allows for safe and convenient transactions. Caratz supports a number of ERC-20 tokens and enables users to make cryptocurrency transactions without leaving their social media platforms. Caratz is the solution for the lack of cryptocurrency accessibility in third-world countries and aims for mass adoption worldwide.
The Caratz Platform will act as a wallet and as an exchange.
--> Wallet
All users will be provided their very own Caratz wallet upon singing up in the Caratz platform. This wallet will then allow users to do transactions within the Caratz ecosystem. Additionally, they will be able to link external ERC-20 wallets to their accounts as well, which will enable fund transfers through the Ethereum network. The Caratz wallet will display Ethereum and Caratz token balances, with the option of additional ERC-20 token balances by ticker entry. This also includes complete compatibility with balance-dependent functionalities, including but not limited to: Proof-of-stake (PoS) rewards, masternodes, soft/hard forks, and token airdrops.
--> Escrow
Escrows are contracts under which funds are assigned to the control of an independent and licensed third party in order to protect both the buyer and seller in a transaction. Users are able to send requests to other wallets for an exchange of funds or information. After reviewing the offer, the selected party responds with their own offer. Both parties are then given an option to approve or deny the terms set. Once both parties are in agreement, the transaction will automatically
be completed per terms set, and users will receive their funds. If at any point there is a disagreement between the parties in the transaction, the process will be immediately terminated and both users will be refunded. For the duration of an escrow, all account deposits and withdrawals are frozen, and user funds are locked from use with other features in the Caratz ecosystem.
--> Exchange
Integration of Decentralized Exchanges (DEX) will allow users to trade ERC-20 tokens with any supported trading pairs that are hosted on the external exchange. This enables token trading using both components of the Caratz wallet. Trades can then be executed solely by smart contracts on the blockchain. Refer to our roadmap for a calendar and further information on dates.
--> Registry
The Caratz registry is a whitelist of reputable groups, channels, and pages driven by incentivized voting. To apply for listing, applicants submit a formal post and pay a flat rate Caratz fee. Once this process takes place, any posts that follow the guidelines are listed in the registry and assigned an ID number. These whitelists are ranked by user voting. Users can reserve portions of their Caratz funds to boost the ranking of certain posts. There are no limits to allocations and voting, allowing users to boost as many listings as they like as long as they have the necessary funds. This is a cross platform feature, although specific whitelists will be tailored to each social media app. All whitelists are reset on a bimonthly basis in order to ensure a constant upkeep in quality assurance.
TOKEN METRICS;
CARATZ TOKEN
Caratz is the primary token that will be utilized by the exchange and transaction platform. A permanent fixed quantity of 125MM Caratz tokens will be issued, with 20MM frozen until 2019. Caratz will be run natively on the Ethereum blockchain as an ERC-20 token
Allocation
125MM Caratz tokens will be created in total. Of these, 25MM will be locked until 2019 for developers, with another 5MM being reserved to cover operational costs and funding for development and promoters. 95MM Caratz tokens will be distributed for platform use in the following order: First, during the Private Sale, 20MM will be sold to private investors. Then, 25MM will be sold in the Pre-Token Sale, during which the referral program will be launched. Users will receive rewards for referring others to Caratz, encouraging user base growth. Following the PreToken Sale, 25MM tokens will be sold in the Token Sale, when users will be given the ability to trade Caratz tokens. Finally, 25MM tokens will be airdropped to Caratz account holders. Any tokens not purchased during the Token Sale will be directly sold OTC through the Caratz platform at double the Token Sale price.
To know more about Caratz Platform,
You can Visit the following:
Caratz ICO Website - https://caratz.io/
Whitepaper - https://caratz.io/whitepaper.pdf
Facebook - https://www.facebook.com/caratzteam/
Twitter - https://twitter.com/caratzteam
Telegram - https://t.me/caratzchat
Ann Thread - https://bitcointalk.org/index.php?topic=3220677
Bounty Telegram - https://t.me/caratzbounty
Medium - https://www.medium.com/@Caratz/
Reddit - https://www.reddit.com/r/caratz/
Written by;
Bitcointalk Profile - i7claufe
Bitcointalk Profile Url - https://bitcointalk.org/index.php?action=profile;u=1719874
ETH Address - 0xc38a4feFC0D2B94686F4E512952e8FB985FeA1B0