Crestonium: the crypto bank of tomorrow
Hello everyone!
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To all those that have been followers of my blog, its common knowledge that I am an avid fan of cryptocurrency, and I believe in it wholeheartedly.
In the past few days, I have increasingly been researching on coins that seem to have a prospect, a future, and the capacity to change the world as we know it.
One of such coins is crestonium.
What is crestonium?
I got two words for you;
cryptocurrency bank.
Yea, you heard that right, crestonium is a cryptocurrency bank, but unlike the ones you've seen or probably heard of, this is one I see has a good future.
So crestonium is a crypto bank that offers a simple, straightforward and easy way of sending and receiving currency all around the globe, at zero cost.
What drew me towards this project was the fact that it has;
- zero transaction cost
- high transaction speed
Something that steem has been praised for having.
Crestonium will have an app that runs on mobile as well as a desktop that connects blockchain to everyday use such that you can use your card to pay for services and goods, anything you can imagine.
They are also going to be introducing a credit card that acts as a collecting point that connects cryptos, to the real world.
Imagine now, a world where you have a single card, containing all your crypto balances, that you can then use to purchase or pay for different services, that is what crestonium aims to offer.
It is an ingenious idea, one I hope to see grow well.
Crestonium is also planning on connecting all available cryptocurrencies to their cards and services.
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Why crestonium?
The main obstacle with cryptos has always been the high rate of transaction, among other things. With every crypto coin having their fees and exchange rate.
Coins having zero transaction rates are quite few, tenx, steem and a bunch of others. Crestonium plans to belong to this league of game changing crypto coins.
The app will be accessable from any device, and since it offers a way to store multiple cryptocurrencies, it means your coins will be accessable and spendable without the rigors of going through several exchanges.
Crestonium offers secure SSL encrypted connection over HTTPS, 2fa security.
Token details and distribution
Crestonium has a total supply of 500M tokens as its maximum supply, 73% of which will be going towards the token sales.
The token contract address is : 0x9fce1da048e48a18a9b8af8b4f7acb9fe9ee54fa
The Crestonium token, with token symbol CXS, is an ERC-20 token, meaning it runs on the ethereum blockchain. It is a utility, rather than an asset since its main function is to facilitate faster, more secure, better transactions.
| token allocation | percentage |
|---|---|
| token sales | 73% |
| reserve | 10% |
| foundation | 8% |
| Team and advisors | 5% |
| strategy partners and bounty | 4% |
Of the 73% that will be sold The funds will be used based on the below specifications
| Use of proceeds | percentage |
|---|---|
| Software and business developement | 55% |
| Reserve | 15% |
| Operation expenses | 11% |
| Legal expenses and miscellaneous | 10% |
ICO details
Crestonium is valued at 0.00002BTC for 1CXS, all CXS tokens that are not distributed during the ICO will be destroyed.
Certain amounts of the CXS tokens will be burned with each transaction.
The ICO started on the 21st of March 2018, and runs through to the 7th of April 2018, with a soft and hardcap of $2m and $55m respectively.
The tokens can be purchased using BTC, ETH, XRP, XLM and a few others.
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Roadmap
Sources:
Website: https://crestonium.io/
Whitepaper: https://crestonium.io/Whitepaper/Crestonium_Whitepaper_1.01.pdf
Telegram: https://t.me/CrestoniumOfficial
Facebook: https://www.facebook.com/Crestonium/
Twitter: https://twitter.com/Crestonium_io
author name: destinysaid
author bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1874680
ETH wallet address : 0xb83ed3e6B6497f7B0350cc053AF918aE7423037E
First,thanks a lot for sharing this awesome information with us...crestonium surely looks like a very good crypto currency with awesome potential.
I used the word looks like in the above paragraph because according to its roadmap,its yet to acheive most of its stated objectives and use cases but I guess it will with time and due diligence and determination by its team.
There is no collateral on loans as regards to lending
Another thing here is the fact that its an erc 20 ethereum token,how crestonium plans to acheive its objectives through the eth blockchain is a mystery but still anything is possible ryt...with hardwork and innovation
My last concern is the zero transaction fees initiative,small amount of eth are always required to transfer erc 20 tokens,am not sure that can be avoided but they might have a plan and I look foward to it
But overall,this is a very good project that might just be the next massive breakthrough in blockchain technology that will serve as a stepping stone for further and effective adoption
And they have an upside in the storage part where you can store quite a number of different crypto currencies all at once and interact with them.
Its not a bad idea to invest anyway because its stated in the whitepaper that funds of investors will be duely returned to them if crestonium fail to acheive a 150% growth rate in 6 months
Thats a pretty good deal and awesome guarantee on funds of investors but that lets hope they fulfil their end of the bargain at both ends.
Wow. What an amazing answer.
I decided to check your profile just to realize that we seem to share a number of interests :)
In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)
Would you be able to share with me what do you think about Deepbrain Chain (DBC)? I would really love to hear from you,
cheers,
Piotr
No problem....i will make a post soon
cant wait :)
The idea of the single card will attract everyone and absolutely free to do transaction. This is the future practically
Yeah mate I do agree with you, it will allow people in developing countries to access crowfunding from their smartphone and develop projects from scrap ! the bank card will just make it even easier
Agree
Imagine now, a world where you have a single card, containing all your crypto balances, that you can then use to purchase or pay for different services, that is what crestonium aims to offer.
Of the 73% that will be sold The funds will be used based on the below specifications Crestonium is valued at 0.00002BTC for 1CXS, all CXS tokens that are not distributed during the ICO will be destroyed.
I use Luno to for my Bitcoin and Etherum transactions and its been good but that not withstanding, i love this piece of info as it will have wider acceptance and accommodate more other coins.
Thanks for this look interesting and I'll check it out. Isn't Nano and XLM with FairX promising to do the same thing? How is Crestonium going to compete when they are late to the game?
That's so nice of you to us your followers, sharing important information like this is essential. I will also sit and look at how I can be one of the beneficiary of crestonium.
Thanks @destinysaid
Wow this stats and tendencies of this crypto bank is certainly very amazing, I'll check the website check white paper and all
Thank you so much bro for the eyeopener
this is really an eye opener.
thanks @destinysaid
I'm informed. Thanks for sharing @destinysaid
It will serve as CBN for all crypo... Thanks for the info