The CryptoGrow DAC (Decentralized Application Center) is a company focused in the development of decentralized apps and blockchain solutions. It is powered by IdeaCoin and it utilizes the technology of the CryptoPatent Blockchain.
This company believes in the strength of new ideas and it claims that it intends to be an alternative to the interference of the government.
The CryptoPatent Blockchain
The blockchain used by CryptoGrow will be based on the Ethereum blockchain and it will use a technology called Ethereum Shards, which exists as self contained and independent parts of the Ethereum Network. Each shard can contain an “idea” on the blockchain, which will be a project. And each idea-shard will have its own layers.
This company will use smart contracts but it will also use mining, which many Ethereum-based companies do not.
The CryptoGrow Token
IdeaCoin will be official currency to be used in the platforms created and powered by CryptoGrow, so you will either have to use it to access the platforms or you will have special discounts for doing so. It will be a ERC20 and ERC223 compliant Ethereum coin.
The company has stated that there is a special Initial Coin Offering planned for this company which is being called the “Two Year Long ICO”. The idea is that the ICO will last for two years with only 187,500 IdeaCoins being sold monthly, which will help the company to develop a strong user base.
The CryptoGrow Decentralized Applications
CryptoGrow has already started to develop ideas for its future. Some of these ideas are the CryptoGrow Point of Sale Machine and the Socket Miner, which use Raspberry Pi Zero technology and are focused in the concept of the internet of things. Another idea is a recycle bin which will be able to verify the material deposited in it and mine IdeaCoin for the people who put the garbage correctly in it.
There is also the CryptoGrow Education Initiative which will be an online decentralized platform for education and the CryptoGrow Agricultural Initiative, which will be focused in creating solutions for agriculture.
The CryptoGrow Bug Bounty Program
CryptoGrow has also announced a bug bounty program. The idea is that people will receive rewards for finding bugs in the ERC20, ERC223 and ERC827 contracts made by the company. The bounty is of 0.05 ETH and 50,000 IdeaCoin for the person who finds any bug that allows hackers to attack the system and generate coins for free.
Smaller security flaws will also reward people with 0.025 ETH and 10,000 IdeaCoin. Finally, the company is also rewarding with 0.01 ETH and 5,000 IdeaCoin the person who finds minor bugs. CryptoGrow is looking for experienced people to join its team, so this can also be a change for you to get a new job. The bounty program will last from March 12 to March 19.
Cryptogrow Decentralized Autonomous Corp Verdict
This seems like a fine company. We analyzed CryptoGrow and this seems like a company with definitely some potential for growth in the future, so it might be a good idea to keep an eye on it for the moment if you are interested.