Cryptaur ICO: CPT Utility Token For Crypto Payment Systems?
Middlemen are a nuisance, truth be told. And they are not limited to a single sector; agriculture, manufacturing, financial sector, you name it. Most people are convinced that middlemen are out to reap where they’ve not sown. Which is true to a great extent.
In most cases, they benefit more than either the suppliers or the end-consumers. They purchase goods from suppliers at unreasonably low prices yet sell the same goods to the end-consumers at unjustly higher prices. Consequently, the distribution of goods is inefficient.
Suppliers are forced to incur unnecessarily higher costs for advertising and marketing with a good chunk of the money reserved for middlemen. These costs are transferred to the end user whose purchasing power is markedly decreased.
Yet if the suppliers could find the avenue to interact with the end-consumers directly, such costs attached to middlemen would be eliminated and there would be effective social interactions.
And this is where Cryptaur comes in. But first things first.
What Is Cryptaur?
There is a new concept that seeks to connect end users with suppliers directly to avoid exploitation by middlemen. Take the internet for instance. Internet users share data and information on the internet but at the end of the day they have no sole control. They need middlemen for their websites to function.
Cryptaur is a decentralized Ethereum-based ecosystem that seeks to correct this by using the blockchain technology as a framework for a potentially unlimited number of dApps- specialized P2P services- which connect providers and users directly.
In short, Cryptaur seeks total demarketization and decentralization that will do away with middlemen in different sectors in the economy of the future.
How Cryptaur CPT Utility Token For Crypto Payment Systems Works
The main goal of Cryptaur is to increase the efficacy of all social interactions by doing away with all kinds of middlemen and promoting transparent, secure and mutually beneficial relations. This will be achieved in the following ways:
The Peer to Peer interaction principle will allow direct interaction by participants to eliminate any costs that are brought about by middlemen. This means a product will be sold at the production cost plus a just margin.
The Cryptaur pay platform will allow its users to make payments using their preferred currency, whether Cryptaur tokens, mainstream cryptocurrency or fiat money. This will help in reducing transaction costs and users will opt for what they are comfortable with.
Use of blockchain will help in ensuring that transactions are transparent, verifiable and secure since it is an Ethereum-based ecosystem.
The social capital management system will seek to ensure honesty and respect are upheld by the whole Cryptaur community. It will reward users for value-adding actions using the Proof of Contribution algorithm.
The Cryptaur Utility Token will be used to make payments in the Cryptaur ecosystem and to reward active users towards its development.
Finally, the user rights protection system ensures that the suppliers and consumers adhere to the global code of conduct and user disputes are settled and enforced by the Cryptaur Arbitration Service.
Cryptaur has a brilliant team behind it and the idea of doing away with the menace of middlemen is most welcome. The best we can say is bye-bye, Mr. Middleman.