Crypcore

gulsoom2011 (46)in #cybersecurity • 4 years ago (edited)

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Crypcore is built on the Crypto Note Protocol. It is secure and anonymous and Offers a very respectable level of Anonymity. Crypcore is a collateralized Crypto Asset, It is based on the collateral held by the Crypcore Exchange. The Exchange Reserves of the Designated Crypto Asset will be considered collateral for Crypcore.

The fiat price of Crypcore Coin is gotten by summing the total value of the collateral and dividing it by the amount in Circulation. Crypcore actively seeks to increase this collateral by splitting the Exchange revenues between the exchange and the coin and adding this to the collateral so that holders of Crypcore can increase the value of their collateral and profit by just holding Crypcore. The collateral will be Bitcoin, Ethereum, Litecoin and Monero.

What is the purpose of Crypcore?

Stable coins were created to solve the volatility problem because the adoption of the crypto currency is experiencing obstacles around price stability. Stable coins have been performed well since joining the crypto currency space but there are still many improvements to be done. Especially in the crypto area coin collateralized. This paper discusses the possibility of making collateralized crypto stable coins that combine pure crypto exchange, solvency systems and Cryptonote protocols. Crypcore is about creating crypto assets that enforce a solvency system that eliminates wild price changes, while giving Crypcore an opportunity to grow. Crypcore is basically a combination of crypto digital assets guaranteed by a solvency system to ensure price stability.

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How does Crypcore work?
Crypcore is forked from Monero which is built on the cryptographically secure and truly anonymous Cryptonote protocol, the Crypcore ecosystem brings together a solvency equation, a pure crypto exchange and the Cryptonote protocol to create a coin which has a stable price with price stability achieved by averaging the collateral increase with price fluctuations. To this effect Crypcore is a stable coin which operates in a fundamentally different way to traditional stable coins, we will call it a Dynamic Stable Coin (DSC). Crypcore will earn collateral from the fees charged on the Crypcore exchange, these fees will be added to the collateral of the Crypcore coin thus always increasing the collateral and maintaining the stability of the Crypcore Price. Crypcore is not to be viewed as traditional crypto currency stable coin but rather a new and innovative approach to achieving price stability in the crypto currency space.

Crypcore Coin
Crypcore coin runs on the Crypcore Blockchain. It is not pegged and runs purely on the Crypcore blockchain. Crypcore coin is secure and anonymous.

Crypcore USD
Crypcore USD runs on the Crypcore USD blockchain, Crypcore USD is a stable
coin that is private, because of this, collateral is held for Crypcore USD.
Collateral is held at a 1:1 ratio to maintain a price of one United States Dollars.
You can obtain Crypcore USD by exchanging your stable coins for it. We
currently accept or plan to accept the following Stable coins for Crypcore USD:

Tether
Binance USD
True USD
UNUS SED LEO

Crypcore ERC20 TOKENS
Crypcore Token is an ERC 20 token that acts as a utility on the Crypcore Exchange. The price is subject to demand like regular Crypto currencies. Crypcore will trade ERC 20 tokens as a funding mechanism to support the Crypcore Project. Details of the Crypcore ERC 20 tokens are:
Name: Crypcore Tokens
SYMBOL: CRYT
Supply: 100,000, 000
Contract Address:

Crypcore Insurance
50% of profits from the Crypcore exchange will be held as insurance. The purpose of this insurance will be to protect the Crypcore exchange and it’s users in the event that there are any Losses.

Insurance will also be given to Crypcore Exchange users when there is a catastrophic price drop, we are yet to determine the model that this will follow, once that is ready the whitepaper will be updated.

Crypcore Wallets
Crypcore aims to be accessible to even non-technical users, wallets will be provided for a wide range of platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the completion of the Web Wallet development for android and iPhone wallets will begin.

The web wallet is currently in development you can find screen shots below.Crypcore aims to be accessible to even non-technical users, wallets will be provided for a wide range of platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the completion of the Web Wallet development for android and iPhone wallets will begin. The
web wallet is currently in development you can find screen shots below.

Crypcore Exchange

Crypcore exchange will play a very important role in managing the price of
Crypcore. To do this Crypcore Exchange will have to do things in an
unconventional manner. A very simple solvency equation will determine the
pricing of Cryps. In normal stable coins the tokens are issued by the primary
organization but Crypcore exchange will not be able to create tokens, rather
each coin is mined. This is because the privacy and security of our users are of
utmost importance. In order for Cryps to hold their value the initial money
supply is mined and held by the Crypcore exchange. The Cryps held by the
exchange will not be regarded as being in circulation.
These are screenshots of the exchange.
Crypcore exchange will charge a low fee for transactions.

Token Distribution
65% – Token for Sale
10% – Marketing
15% – Team & Advisors
9% – Reserve
1% – Bounty

Team
Michael Soeterbroek, Founder & CEO
Peter Akporume, Co-Founder
Shehzad Khan, CTO & Developer
Kashif Khan, CMO

Roadmap