Introduction
What is Crypt-ON? It is a P2P platform which is built on blockchain technology in order to get secure and safe trades in cryptocurrency provided. The platform will be comfortable for a wide range of users from freelancers and beginner crypto-enthusiasts to blockchain projects managers.
The customers will be able to perform such things as meeting, making deals, getting loans for the projects, exchanging digital assets for money, looking for work or those who will do the work for you and everything will be done through using cryptocurrency for payments. The users will be provided with access to 4 services.
Token
I-Point is the main token of the Crypt-ON project and it is nothing but a digital token created on the Ethereum basis. The release and sale of the token is going to be carried out within TGE (Token Generation Event).
The IPT token is a prepaid service for applying the platform of Crypt-ON but not a cryptocurrency or any other financial instrument. It the instrument of an internal payment which is widely used in order to pay for the Crypt-ON assistance services such as concluding secure trades, finding specialists or employment, loans searching and conducting the exchange from cryptocurrency to fiat between the users of the platform.
They have developed the interface of the User's Personal Account. Now it is possible to make all the transactions with i-Point which includes the cryptocurrencies exchange used in the system with the help of it.
Blockchain
The Ethereum blockchain is the basis of the system architecture. With the help of it funds are accepted in a smart-contract and funds refund and payment processes are made when two from three signatures match. Crypt-ON itself happens to be a third party and it is involved into the process as an arbitrator only when a dispute between the parties needs to be resolved.
In cases when both parties choose it at the trade conclusion, Crypt-ON performs as an arbitrator. The arbitrator is going to external in other cases. The arbitrator`s functions are going to be performed by elected with the help of voting delegates of users of the platform with the decentralized management transition.
Summary
The platform itself has many advantages which make it an outstanding one. For example, the reputation token (Trust-token), is used, the trust rating is displayed and it will tackle the problem of trust and the quality of online transactions will be improved.
An independent intermediary system is another advantage which will ensure the transactions security with the help of using automatically generated smart-contracts.
The platform fees are low and the combination of different services inside the platform will be a great contribution to the P2P transactions growth and the cryptocurrencies turnover will increase.
The usage of stablecoin in the transactions system will reduce the vitality risks. Furthermore, it is convenient to use one and the same platform for earning, investing and performing secure P2P operations in cryptocurrency. Crypt-ON will do its best to protect the interests of the users and will provide them with comfortable work with digital assets.
Home Page: https://crypt-on.io/
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3530713
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Timestamp: 06NOV2018 21:00UTC
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