Thank you for stopping by to read my complete Crypterium ICO Review.
Crypto experts are projecting the market cap to exceed 10 trillion dollars in the next 8 years. This is tremendous growth but I am thinking it could be even MORE!
Just in the past few weeks it’s gone for 152 Billion to over 500 Billion as of today. That is half a trillion. Craziness.
Lets take a closer look at Crypterium and see where they fit in shall we?
Crypterium – ICO Review
Crypterium is trying to provide convenient banking experiences using blockchain technology. Not quite sure if it will have the privacy features of a TokenPay but lets take a look.
Coupled with some sort of contactless mobile payment solutions.
To summarize they believe it’s all you’ll need for mobile banking.
Crypterium also claims all can be done through your smart phone.
Unlike other cryptocurrencies you will receive a virtual card without having to wait for a physical card being issued.
From there you can do payments, transfers, currency exchanges and loans.
The Crypterium card has no limits on crypto or fiat. Also has no need for cryptocurrency exchanges at all.
They already have instant payments in fiat currency or crypto currencies internationally.
Crypterium are trying to make it as compatible as possible to have their system focused on contactless payments.
To sum it up this seems cool but is it fact?
They want to be compatible with Apple pay, Samsung pay, Android pay qr codes and other main POS system.
For merchants using the Crypterium system the benefits are noticable.
Even if customers pay in crypto you’ll receive your payment in fiat.
Furthermore built in ecommerce platforms, websites and brick and mortar businesses.
Being so new it’s possible it may come with a lot of bugs. You’ll have to wait and see on that.
In the light of commission on payment acceptance is half a percent.
To sum it up the platform integrates already with POS terminals. Also including loyalty programs to build long term relationships with customers.
They don’t mention anything about mining coins.
Maybe they should after seeing the growth Electroneum experienced.
Crypterium Team Members
There are over 20 team members between Co-founders and the advisory board.
Many Crypterium team members and experiences digital professionals coming from innovative Fintech sectors in Europe with over 10 years of experience of developing digital payment solutions.
Steven Poloyak is the managing director and highly experienced investment banker. His main focus is USA and Russian capital markets.
Austin Kim is the IR director who created the reinnassance insurance group Russia. This company has over 3000 employees and almost a billion in annual insurance premiums.
Many of the other team member have years of relevant experience in digital payment systems.
As well they have quite the strong advisory board.
When combined the team has already attracted more then 50 million USD into funding into Fintech projects they have created.
Some of these include PQR, contactless payments in Russia, the digital sales platform Workol which has 1.5 million customers. Also the digital royalty program Bonus Club.
I’m not sure if it’s the team or the product itself but it’s getting some Google love for sure.
Here is a screen shot of the company trending in Google:
Crypterium CRED Tokens
Crypterium has done something different where they have created a sub token.
CRED aims to do one thing who are using the Crypterium System. Full fledged loan interactions complete anonomity.
If you want to create a loan and get credit just obtain a Crypterium currency loan underpinned by the smart contract.
You can exchange those CRED tokens into your cryptocurrency of choice and use your funds.
Then when it’s time to repurchase at the end of the loan period the borrower repays the loan. They pay with Cred tokens by purchasing the tokens from the exchange.
Somehow Crypterium claims they will reduce volatility which somehow adjusts interest rates. I have to be honest I’m not quite sure what that means.
And the obligation to repay loans in CRED will insure liquidity and demand in the CRED sub token on cryptocurrency exchanges.
In any event it seems kind of cool but also a bit complicated.
Overall it’s a cool concept but not only time will tell if it appeals to the masses.
All things considered thus far what about the tokens?
Crypterium is doing a token sale for the distribution of their CRPT main tokens.
Lets break down the ICO details shall we?
Crypterium ICO Details
The ICO started on October 31st 2017 and is close to being complete as you can see.
The Crypterium token sale with bonus end on December 25th.
From December 26 until January 13 2018 you will be able to purchase tokens with no bonus.
Seventy percent of the ICO distribution is going to the ICO participants.
Crypterium initially offered all ICO participants to acquire up to a million tokens.
Fifteen percent of the tokens are deferred additional funding which may be released gradually on the crypto exchanges. This will aid to support development.
The other fifteen percent are distributed amongst the founding team and management, partners, advisors and marketing campaign team.
Token allocation will take place between January 14th to the 25th. After that is complete unsold tokens will be destroyed.
There will be no more additional tokens after that.
Between February 2018 and March 2018 they will list for exchanges.
There are incentives to hold Crypterium tokens and use the platform.
Because 30% of the revenues will be used to thanks CRPT token holders and the most active users using the platform.
This depends on their Crypterium bank usage.
So as you spend money in crypto you’ll be rewarded for your use.
Crypterium – My Conclusion
By and large the company is creditable and it’s far from any kind of scam. Overall it looks promising and it could do well.
To summarize the only problem I can see is it seems to be a bit confusing. Maybe it’s easier when you get in there and use it.
After watching the ICO it seems to have gone really well. At first I was a bit unsure but the company looks pretty solid and I think the coin could do well on exchanges.
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