ICO review - Crypt-ON-Blockchain P2P platform for secure transactions
ICO Crypt-ON - https://crypt-on.io/
Crypt-ON is a financial platform that combines various methods of p2p payments (including credit microloans), but is based on the blockchain and cryptocurrencies. In fact, we have already gone through all this, but I would not focus your attention on an ordinary project that Crypt-ON does not look like at all.
Crypt-ON is a place for secure financial transactions. They can look for how to invest money in a short time, while other people will look for short-term loans, etc. We will talk about all the services later in our article.
But the most important thing to emphasize is that all these transactions will be transparent and secure, because they use blockchain and smart contracts.
Problem and solution from Crypt-ON
It is a well-known fact that mankind has previously tried to manage budgetary relations through contracts and contracts. In some places it was an effective case, and in some places it was no exception.
In this situation, managed and incorporated organizations, such as banks or open budget institutions, were delighted with incredible confidence. Be that as it may, today we are ready to change the agreements. Advanced monetary standards have shown that, lately, cash can be decentralized.
In fact, to ensure solubility in the budget, despite all that you need, use top-level banks (for example, to give a chance to protect yourself from gold and external cash vaults), but at the client level this need has just disappeared.
Blockchain and “smart” contracts have given us a substantial arrangement of tools, when it is very difficult for fraudsters to approach client extortion, and regardless of whether this happens, they can be respected, stopped, and possible danger can be ensured.
Crypt-ON will use these improvements minus any potential restrictions. By creating a budget platform in the light of uniquely known and secure devices, Crypt-ON will create the basis for another market idea related to customer money.
Each exchange sent to the platform will not only be recorded, but additionally provided with an exclusive “trust token”, which is issued by Crypt-ON. Moreover, a measurement of trust in exchange participants will be formed. In addition, this measurement will be changed to a visual rating, which at this moment will turn into a prerequisite for your secure exchange on any path! I believe that it is beneficial to use in practice and highlight the fundamental exercises of the Crypt-ON platform.
The main conditions of the project:
DAO (decentralized autonomous organization). It is a form of community organization / platform that operates at the expense of the rules set forth in the smart contracts, and decisions are made by its members. Records of all transactions and DAO policy rules are stored in the blockchain system.
P2p-loans - a type of loan, in which the transfer of funds is carried out without the participation of a bank or another third person, and the creditor is a specific individual. From English "peer-to-peer" (equal to equal) or "person to person" (from person to person).
Stablecoin is an external digital token that protects against the high volatility inherent in cryptocurrencies. An external token will be selected for use in the project, for example, a Maker or LibreCash platform token, the stability of which is ensured by emission / remission on the blockchain instead of guarantees in a fictitious currency (which has no value relationship with a traditional asset).
Reputation (trusted token) is a record of operations with a digital token containing the platform of records of user / participant operations in the form of a trust rating. In particular, subject to the terms of the contract, in the form of a rating upgrade, in case of a delay in the execution of the contract, in the form of a downgrade, in the event of non-fulfillment, in the form of “Attention! ((Warning!) ". Recording in the user's token is made automatically in the blockchain system and cannot be changed or canceled. In fact, this is the Crypt-ON user's reputation, encrypted in the token for ease of processing and transparency.
Escrow (the term is used by analogy and does not involve the participation of a professional market participant) is based solely on the consent of all parties to the transaction, the participation of an independent intermediary / authorized person expressed in depositing the price of the transaction with He, subject to its subsequent transfer to the interested person, all participants in the transaction comply with the terms of the contract.
Competitive advantages
At the main organization, the Crypt-ON stage will provide customers with 4 administrations:
Conducting absolutely secure digital money exchanges using an autonomous judge (Escrow Beneise). Meanwhile, protection exchanges will be used!
Service on the choice of microloans. Any participant in the framework may be interested in p2p-lending and any work. This is a place where a free and simple rating structure is useful, which will limit the danger of a problem borrower falling.
Service to find some kind of employment and representatives. This will be a kind of independent trade, which will work through clear contracts. This completely kills partial installments without compensation or the inability to complete the order.
Service for the nearby cryptographic trading. Allows you to find the best shopping deals depending on your region. You will never again have to use remote administrations that protect them from hazards, including by increasing the fee for a loan. It is possible that trade in your region will be much more productive.
Indeed, all satisfaction or dissatisfaction with sharp contracts will affect the notoriety of the members of the structure. In case a participant has any problems, he, as a rule, can proceed to autonomous mediation, in accordance with the consequences of which a choice will be made - who will raise the rating and downgrade it.
Later, this structure will allow you to create another network of crypto fans who can make the most of their unmanaged thoughts and thoughts, form groups, attract fundamental authorities, get loans - and this without leaving the PC and the Crypt-ON stage.
Given the chances and ease of support, Crypt-ON wants to attract people who do not share the possibilities of the future digital currency today.
IPT and TGE Project Token
Token generation event or TGE (this is just ICO, only legally permitted in the United States and directed by the SEC) will be held from October 1 of this year to January 21, 2019.
A total of 200 million IPT tokens will be released. Please note that their token will not be a digital currency in the broad sense of the word. This is an alleged "service" token that will be used inside the scene structure to pay for various capacities. Meanwhile, he, as a rule, is bought on the exchange trades for the usual digital currency or cash.
The SoftCap project is set at $ 4 million, HardCap - $ 16 million. If there is a SoftCap in the token offer, however HardCap is not collected, at this moment all unsold tokens will be signed.
Token Name:
IPT Standard: ERC20
Total: 200,000,000
Hard token cap at ICO stage: $ 16,000,000. Hard cap on
ICO stage : 4,000,000 US dollars.
Currently, how about the total number of tokens issued:
77% wanted to be updated in the structure of TSE;
10% will remain in support of exchange security;
10% will remain in the group of entrepreneurs;
3% are abundant.
As for attracted assets, transportation is carried out as follows:
half will go on improving the scene;
20% will go on promotion and advertising;
10% will remain in the hold of support;
5% each will be spent on legitimate expenses; to pay specialists and to perform decentralization on the stage.
Project Evaluation
ICOBench this time was no different in contrast between the profile and the master rating. There is 4.4 in the profile, but specialists (more precisely, as long as it is separated from all the others) rated the company at 4.5. In addition, the group and the possibility of the company put the most extreme 5. I can not help thinking that this is not absurd.
As for my conclusion, this time I will try to be limited in ratings. The scene certainly has an intriguing vision, but not the most creative element. Indeed, there is still MVP, which at the moment speaks about the reality of expectations. An exceptionally elegant white paper enterprise with an emphasis on key areas. Anyway, the most intriguing thing here will start when TGE ends, but it depends on the likelihood that it closes efficiently or not effectively, including from you.
For more information about Crypt-ON visit:
Website: https://crypt-on.io/
White Paper: https://drive.google.com/file/d/1ItcfVNhOnSiXhRlf-OIAjZDSnfJuIS66/view
ANN Topic: https://bitcointalk.org/index.php ? topic = 3530713
Telegram: https://t.me/CryptON_ICO
Facebook: https://facebook.com/CryptOnDAOsystem/
Twitter: https://twitter.com/Crypt__ON
Reddit: https://www.reddit.com/ user / crypt
average: https://medium.com/@Crypt__ON
Instagram: https://www.instagram.com/crypt_on/
Author:
My bitcointalk username: cryptobits3
My bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1043526
MY ETH: 0xb101dC14C6012D4faC2025a8f1Cdd4Daf1D9F154