CriptoHub ICO (CHBR Token): Brazil’s Cryptocurrency Exchange?
CriptoHub is a Brazilian cryptocurrency exchange focused on offering a great service for the users in Brazil. It has options for different tokens, payments and the ability to use credit cards to pay for the services and exchange fiat to crypto.
This company believes the Brazilian market has many different characteristics from markets in other countries, like high taxes, fees and a low variety of cryptocurrencies that can be used. Because of this, CriptoHub decided to be one of the most important exchanges of the country by offering great services that customers cannot get on other Brazilian exchanges.
Cripthub offers speed during the transactions and confirmation of deposits and withdrawals, a great variety of tokens will enable the company to be the exchange with the biggest quantity of trading pairs soon. The company also promises to have the smallest fees of the Brazilian market.
The founders of the company are Ramon Vailatti (CEO) and Victor Gamarra (CMO). Marlene Schommer acts as CFO and Leandro Francisco as COO.
Why Invest Using CriptoHub?
It is estimated that Brazil trades more than 10 billion BRL (the equivalent to something like 3 billion USD) in Bitcoin monthly. Altcoins have not yet been very popular in the country but that is about to chance. The market is growing fast and people are getting to know more cryptocurrencies. Because of this, there is space for many new coins to grow in the Brazilian market.
While the population of the country has more than 200 million people, cryptocurrencies are not yet known to the largest part of the population, having about 1,5 million of cryptocurrency investors, which is less than 1% of the population. A great part which is unbanked, so that also opens opportunities for business.
Because of these issues, it is very important to use an exchange that has already decided to enter into this profitable market.
The Criptohub Coin (CHBR)
The CHBR tokens are based on the ERC20 Ethereum technology and are designed to bring scalability and security to the exchange. The token holders will have access to discounts that they can only get by using these tokens. The discounts can be of 90% if you decide to use the CHBR tokens while trading.
The tokens will be sold during the Initial Coin Offering. Each token will cost 0.0005 ETH during the sale, which will have a hard cap of $10,000,000 BRL (about 3,000,000 USD). The pre-sale has already started and will have a discount of 40%. The main sale starts on May 2 and will last until May 23 with discounts ranging from 25% to 10%. The remaining tokens will be burned.
After 30 days of the ending of the ICO, the company will start to sell its own tokens on the exchange, but they will obviously be more expensive than during the sale.
The company also has a referral program that will give you 20% over the fees paid by the friends that you have referred to the company in the past. You can monetize your content by referring users from your site and earning money from that.
Cripthub is 100% compliant with the legal and fiscal laws of Brazil and has its own accounting. The company also offers a pre-paid credit card that you can use to spend the money that you own online in goods and services.
You can use the system of the company on your e-commerce store and be able to sell whatever it is that you do while receiving in cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash and others.
The CriptoHub Conclusion
This is a great exchange for the people who live in Brazil and are tired of using international exchanges. While international exchanges will be able to offer more options, this is as good as you get when you are trying to use the services of a national company.
In fact, there is plenty of potential for CriptoHub to grow as the market is considerably small for the moment, so you might want to invest in this company’s tokens.