Contractium Network: Services And Benefits
The Blockchain Technology and Cryptocurrencies
Blockchain technology, which facilitates instant peer to peer transfer of value in a trust-less environment is fast gaining traction and acceptability with multiple end-user industries. Blockchain technology uses an immutable decentralised public ledger to store the transaction details.
Cryptocurrencies are digital currencies that fuel the transactions on the blockchain with Bitcoin being the first blockchain and cryptocurrency. Bitcoin came into limelight last year with its value skyrocketing to USD 20,000 in December from USD 1200 in January. Cryptocurrencies have been recognised as a valid method of payment and found acceptance as a tradeable commodity in many countries around the world.
Ethereum Virtual Machine and Smart Contracts
Ethereum blockchain took the massive leap by creating what is called the “Ethereum Virtual Machine” which provides a run-time environment for smart contracts which execute on the Ethereum blockchain. Smart contracts are software programs that help in exchanging value (money) or digital assets (properties, shares or any digitised commodity) transparently without the need for middle-men. Using smart contracts people or entities in different locations around the world can conduct business with each other without fear of being cheated or any kind of conflict.
Decentralized applications, which bring control in the hands of the community, can also be built on the Ethereum
blockchain.
The challenge with adoption
Writing smart contracts on the Ethereum blockchain requires programming knowledge which only a handful of tech geeks around the world possess. This has become a significant constraint in the adoption of the technology for use by organisations, companies and the common man who could tremendously benefit from its use.
Contractium:
Smart Contracts simplified
Contractium is a revolutionary project conceptualised to bring smart contracts to the masses in an easy to use manner. A decentralised application which will be available on mobile, desktop and as a web application, through which users will be able to create smart contracts with ease without having to write complex code.
Benefits of using the Contractium platform
- Will eliminate written paper-based contracts
- No need for physical signatures requires
- No need for third parties like notaries to execute contracts
- Cross-border transactions made possible
- Transactions possible even when entities don’t know each other
- Users will be authenticated through cryptographically secured signatures
- Will provide a customisable payment solution
- The nodes and platform users will be incentivised with rewards and bonuses
Use Cases of the token
The Contractium eco-system will be fuelled by the CTU token. A few examples of smart contracts between the contractor and contractee, which will execute on the platform include:
- Gamers and the online game on a gaming studio
- Freelancer and employees on a freelance platform
- Buyer and seller on an e-commerce platform
- Audience and publisher on a social media platform
- Advertiser and agency in advertising
- Owner and business in the social data industry
Contractium ICO
Contractium, a rock-solid platform, will use a Proof-of-Contract consensus algorithm to validate transactions and will facilitate execution of smart contracts using the CTU token. The project intends to release the token to the market through an ICO (Initial coin offering). Currently, the pre-sale of the token is open with 45% bonus offer. The total supply of the token is capped at 3 Billion out of which 900 Million will be put up for sale through the ICO (Pre-sale and ICO main sale). The minimum investment is 0.1 ETH with the token being priced as below:
1 ETH = 15,000 CTU. If you want to make the best of this wonderful opportunity then participate in the CTU token pre-sale, you would need to whitelist yourself using the below link.
For more details and instructions on the ICO, please click on the below link https://ico.contractium.io/
The token sale is not open for residents of Ethiopia, Iraq, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, China, USA.
Website: https://contractium.io/
ANN Thread: https://bitcointalk.org/index.php?topic=4602899
Whitepaper: https://docs.google.com/document/d/10BqajJ39sen3GeulHCSxGJ7vRx9UUT4AEkbpP2OSxmM/edit#heading=h.hpqizxn29byi
Faceboob: https://web.facebook.com/contractium.io/?_rdc=1&_rdr
Twitter: https://twitter.com/contractium
Telegram: https://web.telegram.org/#/im?p=@contractium
Bitcointalk Username: rabia_laskor
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2153374