Welcome my friends to the exciting new Project today and let's see their great idea:
The economy of the modern world changes at an incredible pace. More recently emerging cryptocurrency and Blockchain technology are currently the issues discussed. Many banking systems claim that this technology, as well as virtual currencies, is a threat to the existence of the banking system. And this can be easily explained.
Blockchain technology implies full decentralization, where interactions are carried out on the Peer-to-Peer principle. That is, this technology really does not include participation in agreements from other parties, such as the Bank, Notary Deed and a number of other institutions, which significantly reduce transaction costs.
It is also important to note that Peer-to-Peer interaction is gaining popularity not only on Blockchain technology, but in general. This striking confirmation is that freelancers who want to be honest receive a reward for the work done. Hiring freelancers is beneficial for most companies, as in this case there is no need for maintenance of staff with a fixed salary and a complete social package. That is why currently 36 percent of workers in the United States are freelancers. In addition, based on growth trends in this sector, by 2020, around 50 percent of workers in the US will be freelancers.
However, despite such high popularity as transactions, the following factors hinder the development of this market:
- Lack of trust, as transaction participants do not know personally and are not confident in the reliability of each other;
- Lack of a platform that allows you to do the most important operations in p2p format;
- Inability to pay for goods and services using cryptocurrency.
To overcome all these problems will allow the Crypt-ON platform.
Project objectives
The main goal of the creator of Crypt-ON platforms is to bring together people from all over the world involved in the crypto-currency industry to comfortably and efficiently interact with each other in various fields according to the P2P model.
Principle of operation
Crypt-ON platform that will be used for:
- Fair and safe transactions;
- As an exchange for freelancers;
- Obtain or provide loans on favorable terms in p2p format;
- Foreign cryptocurrency, Fiat money and vice versa.
When carrying out each action, the smart contract will conclude, which guarantees the conditions for carrying out the transaction. It is important to note that funds stored under one smart contract cannot be used for other purposes. They can be transferred to the contractor or recipient's account or can be returned to the sender.
Interactions between Crypt-ON participants will be carried out using a special interface, which will be available on the official website of the platform, as well as on iOS and Android. Each operation will use a backend service that performs the following functions:
- Generation wallet;
- Balance check;
- Backup transfers and controls;
- Provide data on exchange rates;
- Will tell you about important events.
The arbitration system will be used to resolve various disputes. At first, the participants will develop their own platforms. Then they will be replaced by independent experts who are knowledgeable in a particular field, which will be chosen by the participants from the platform.
In addition, in the framework of Crypt-ON, a reputation system will be implemented, which will allow to get rid of immoral participants from the site.
The developers will also introduce an insurance transaction system, which will be available for p2p and escrow loan services. However, insurance will be made assuming i-Point (IPT) internal coin usage. The amount of insurance premium will depend on these parameters as transaction volume and participant ratings.
The main currency of the will-point Token platform (IPT), which will provide its owner with a number of benefits in the form of possible transaction insurance, 50 percent discount in calculations, voting on site development and the number of transactions in us fixing dollars.
MVP
Currently, the project has released its own MVP, which is available in English and Russian. Unfortunately, currently only the Escrow function is possible for testing, where each user can:
- To make a deal;
- Check the status of the agreement in progress;
- Submit claims for arbitration requests;
- Choose arbitrator.
Special attention must be paid to the choice of arbitrator. Each participant from the platform can choose the Crypt-ON-platform external arbitrator or the person who has passed the accreditation process. In the arbitrator filter, you can also specify the language in which the participant in the transaction or arbitrator will communicate, and the transaction belongs to a particular area.
Date and TGE details
TGE (release and sale of signs to raise funds for the development and promotion of the platform) will be held from October 1 this year - January 21, 2019. As part of TGE, 154 million coins worth $ 0.1 will be sold.
Softcap project - $ 4 million, hardcap - $ 16 million.
TGE Steps:
Conclusion
Considering the growing popularity of P2P-operations, the creation of a platform that solves this problem is a very important project. Based on estimates that say about 50 percent of the population by 2020 will be freelancers, it is safe to say that this platform is guaranteed to gather a very large audience interested in exhibiting financial relations.
In this case, investment in Crypt-ON can bring huge profits in the future.
You can find out more about the platform or participate in their crowd sales through the following links:
Website : https://crypt-on.io/
Facebook : https://facebook.com/CryptOnDAOsystem/
Twitter : https://twitter.com/Crypt__ON
Telegram : https://t.me/CryptON_ICO
Reddit : https://www.reddit.com/user/crypt-on
ANN Thread : https://bitcointalk.org/index.php?topic=3530713
Username : bitcampaign
My Wallet : 0x2eFA5E262f957ecAF1a4Ec8bb12E8AE91F93aEca
No comments:
Post a Comment