CREDITS — New Blockchain for financial industry

The main ICO is started on January 15 and it will end on February 15 unless they sell out a little sooner than that. One of the things we look at here is where is the company coming out of, this company’s doing their business out of Singapore they’re launching their ICO at Amsterdam but the predominant team is coming out of Russia. China, United States or Singapore you are prohibited from getting into the ICO but you can buy the coin in the token once it hits the exchanges sometime late February early or March. One of the things that this company is it’s a finance company, it is an independent blockchain crypto currency. Credits platform is a decentralized financial system for the direct interaction between participants on a peer to peer principle, the platform expands the potential of using financial services on the basis of a distributed ledger, self-executing smart contracts and Credits crypto currency. So, what they’re doing now, they’re aimed at a problem that is happening right now in lag time in transactions with bitcoin, in others the fees of the transactions in the fact that bitcoin has the scalability issue and they know that even though it’s the big bowl in the shop and it’s the greatest point out there. There are scalability problems this what all the forks are all about trying to answer some of these things but for instance when I sold and actually sent $1000 with bitcoin, it took almost 3 hours for it to get there and it cost me $17 to send it, So to the scalability issues especially when you realize that up to this point about maybe 5 percent of the world know anything about crypto currency is a bitcoin but that’s quickly changing, its rapidly changing and I understand nasdaq is gonna be a putting bitcoin on their trading platform sometime mid 2018, imagine what that’s going to do not only the price of the coin but for the awareness of crypto currencies in general and the scalability issues that we are already receiving with bitcoin and ethereum or another. So, they’re out to answer that question and provide a platform with a business to business or peer to peer platform with their own independent blockchain with their own crypto currencies the Credits, CS token and this is going to be scalable, number one and easily integrated into the future IOT platform. So, that kind of gives you an idea what their vision is let’s get into a little bit about the team than would jump into the ICO.

There are 11 team members in leadership they have a total 25 employees, over 10 developers. In each one of their main team there have on their website in the white page you can you can click on their linkedin then and takes you right to the bio you can connect with them ask them questions find out more information as again if you’re doing your own research. There’s also 8 of the advisors that surround the team and they have linkedin as well so you can click on them and and connect to them if you’re interested in depends on how far you want to take your research everything is pretty much wide open for you. They have their address, they have their contacts for advertising, press releases general issues and a phone number so that you can get a hold of them and ask questions.

It is an open blockchain DLT platform with internal crypto currency and self-executing smart contracts. They are actually expecting that the Credits CS token to become an independent cryptocurrency not unlike a ripple or ethereum or bitcoin or litecoin. So, they are able to do one up 2 or more than 1000000 transactions per second, that’s huge because bitcoin is at 7 transactions 7 to 10 per second so the scalability issues are pretty much been reduced nothing there averaging one hundredth of a second and there are for the operation on the blockchain and it instead of it costing yo a high amount of fees and they’re talking about beginning at 0.001 thousand of a penny. So that is very very well and it of course are using advanced smart track contracts rather. There’s 1000000000 coins that will be made available but not all all of them are going to be sold I believe they’re going to sell an 80 percent or so. So, its going to be quite a lot of coins out there for sale whatever is not held back for the team, the developers and the founders and it is not sold will be burned so that’s gonna help the value of the coin.

One of things that I really like about that they’re holding the coins for the team for the founders for one year so this is the one thing that I look at. Your minimum payment is 1 tenth or 1100 of ethereum. This coin is roughly 10 to 11 cents a coin, one ethereum equals 5000 of the coins. The escrow, 50 percent of the 10000000 if you would Max and 10000000 will be not frozen being able to develop a promotion of the project 30 percent of the frozen for their release the alpha version 20 percent but we’ve frozen from the first release. Then this is all in escrow so they’re not going to make the money take the money and run and that’s really important. The soft cap is 15000000 US dollars are kept 20000000 US dollars. At the end of the crowdsale these tokens for the founders will be frozen for a year and any unsold tokens will be destroyed or burnt. The roadmap in is that is how far back their trail leads us I don’t know how far back the actual footprints goal but it takes you back in January 2017 when they develop the MVP of the begin to develop the whitepaper so nothing happens like this in a week so I’m probably gonna say there’s probably some activity going on back in 2016 but we don’t know that. So, this is kind of the roadmap where they are where they’re going and in March, they’re gonna go right to the exchanges sometime in February maybe first week March the gonna be rolling into the exchanges here so that’s relatively quick. Not a bad token in my personal opinion, it’s a very well done professional system, they have a team that is well balanced and looks well balanced looks like they can execute their vision they have a team of advisors are surrounding them to keep them accountable to keep them on focus for what they’re wanting to do so all in all of my personal opinion I think this is a very nice coin opportunity.
Watch the Introduction Video

Website: https://credits.com/en/home/ico
Twitter: https://twitter.com/creditscom
Telegram: https://t.me/creditscom
Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2401248.0

Authored by: donniedarko
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1720051
Eth Address: 0x6e453d404669fA4b1064C898cea3105f662C85e5