Blockchain has been seen to be inarguable one of the world's leading innovation in technology since its invention in 2009. This is due to the fact that businesses and various industries ranging from telecommunications, energy, e-commerce and many more, which have embraced the use of the disruptive potential of blockchain have experienced a paradigm shift in their business models.
This benefits can be seen in the shift from the use of outdated business structures to modern and more decentralized infrastructures allowing for easy execution of tasks and providing customers with a better service. The decentralized nature of blockchain technology provided users with a peer-to-peer model for executing transactions without the need of intermediaries and middlemen.
However, the traditional financial system is yet to move in line with the numerous and model disrupting benefits accompanied through the adoption of blockchain as it is largely centralized and characterized with various intermediaries and middlemen which have posed some challenges to a large number of users.
The challenges therefore include the following:
Trust: the traditional financial system is saddled with the problem of trust due to the presence intermediaries and middlemen whose reliability and verification of their financial credibility is difficult to ascertain. As a result, customers have been faced with situations were they were defrauded by such middlemen.
High Transaction Fees: as a result of these intermediaries and middlemen in the traditional banking system, users are charged cut-throat prices in situations where they want to borrow loans, they had to pass through various bureaucratic process, sign many legal documents which eventually results in high transaction fees. Thus, this made the traditional financial system unattractive for both lenders and borrowers.
Lengthy Transaction Process: this is also another challenge faced by users as a result of intermediaries and middlemen in the financial system. Users had to wait for weeks or even months before every requirements for obtaining loans, from signing legal documents, opening accounts and so on can be completed after which they could obtain loans.
Therefore, in the light of these challenges, Crypt-ON was created to provide a lasting solution through the adoption of blockchain technology thereby providing users with that peer-to-peer trading experience.
Introducing Crypt-ON
Crypt-ON is a peer-to-peer platform created to provide a safe and secured ecosystem for trades in cryptocurrency through the adoption of blockchain technology.
Crypt-ON provides a network of users ranging from novices, crypto-enthusiasts, freelancers to managers of blockchain projects. Crypt-ON platform allow users to make deals, get loans for their project, exchange cryptocurrency for Fiat and a medium where independent professionals can get jobs by meeting with companies and investors in blockchain projects. All these will be done using cryptocurrency.
The following are services provided by Crypt-ON. They include:
Secure Trading: Crypto-ON provides users with services that ensures a secured trading experience through an independent arbitrator, which performs the function of an escrow between the parties involved in a particular trading transaction. This serves as an insurance for secured trading between users on the platform.
Peer-to-Peer Lending: Crypt-ON also provides users with a medium to borrow/lend cryptocurrencies on a peer-to-peer basis, eliminating the need for a third party or intermediary between the borrower/lender. This allows for speedy procurement of loans without the need of signing many legal documents or passing through several bureaucratic processes.
Crypto-Freelance Job Exchange: the platform provides an opportunity for independent professional in the world of cryptocurrencies to find jobs. Also companies are provided the opportunity to hire the services of professionals on the platform using cryptocurrency as a medium of payment for service rendered.
Peer-to-Peer Cryptocurrency Exchange: users are provided a fast and easy medium of exchange cryptocurrency for Fiat money directly between themselves unlike the traditional financial system that is clogged with a lot of intermediaries and middlemen. Users through geotargeting can find contractors within their geographical location.
ADVANTAGES OF CRYPT-ON
Trust: Crypt-ON provides a high level of trust between users on the platform using the reputation token- Trust token, which helps to display the trust rating and reputation of each party involved in a particular trading transaction thereby solving the issues of trust between users on the platform.
Security: crypt-ON adopts an independent intermediary system which will serve as an Escrow between the parties involved in a particular transaction. Security is also ensured through the use of smart contracts automatically generated on the platform in executing trades.
Low Transaction Fees: the platforms offers users with affordable and low cost fees charged on any transaction executed within the platform thereby ensuring the continuous growth of P2P transactions. This ultimately will increase the use of blockchain technology by businesses, entrepreneurs, freelances and crypto-enthusiasts.
Stability: Crypt-ON provides a stable ecosystem for users in executing trading transactions. Stablecoin is a currency provided on the platform which is adopted by users for performing trades on the platform thereby reducing the volatility risks associated with the market for cryptocurrencies.
TOKENOMICS
Token Name: i-point tokens
Symbol: IPT
Type: ERC-20 utility token.
Supply: 200,000,000 i-point tokens.
TOKEN ALLOCATION
Token Generation Event: 154,000,000 i-point tokens.
Members: 20,000,000 i-point tokens
Transaction Insurance Fund: 20,000,000 i-point tokens.
Bounty: 6,000,000 i-point tokens.
Hard cap: $4, 000, 000
Soft cap: $16, 000, 000
Crypt-ON provides a safe and secured ecosystem for exchange of cryptocurrencies to Fiat money, find employment/specialists for freelancers, obtaining loans and concluding trading transactions.
For more information regarding Crypt-ON, kindly explore the links below:
The social media links can be found below:
Bitcointalk Username: Asarab
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2320820
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