KuCoin Exchange to List Crypterium (CRPT)
Crypto currency exchange platform, KuCoin, is about to list another good token called CRPT. CRPT is the native transacting currency of Crypterium, a decentralized system that wants to expand the use of a cash less system. It is a blockchain project that will change the dynamics of digital banking.
As of the moment, users are now able to make deposits in CRPT tokens and have access to various trading pairs including CRPT/ETH and CRPT/BTC. All transactions will take place using either KUCoin Android app, the iOS app or use their website directly.
What is Crypterium?
The main agenda for this project is to develop and establish an open digital cryptocurrency bank. It seeks to leverage the blockchain technology to establish a system that will benefit not only crypto users but others as well. In addition to allowing users to store, spend, exchange and borrow against any of the listed digital currencies, they will also be in a position to access crypto-fiat exchange services and get ab avenue to spend their digital coins to pay for normal day-to-day transactions. Trading in real-world is enabled by the system’s effective and fast bid-offer matching.
The advantage of such a system over conventional modes of payments is that users will not have to wait for extended periods to transact as is often the cash with processing debit and credit cards. The crypto bank will facilitate fiat-based transactions as well as any fiat-crypto exchange instantly. It will now be possible for the platform to use crypto to pay for fiat-based transactions. The project promises not only fast and efficient transactions, but also low commissions and has more than 42 million terminals for payments all over the world as well as multiple internet stores.
Transactions and other processes will be through mobile applications that support contactless and cashless payments. The transactions will occur at NFC-fitted POS terminals and will designed to process QR payment codes. These payment terminals will process cryptocurrency exchange, unlimited international transfers, loans, utility payments and fiat currency transactions among others.
One of a Kind Cryptobank
Crypterium cryptobank is focusing on contactless payments in an effort to move away from plastic cards. The system uses special algorithms that identify and supports the best offer which is supported by peer-to-peer networks and third-party cryptographic exchanges. Starting with the simple peer-to-peer transactions, the system will have various banking services for free with an aim of having loans backed by digital currencies.
Focusing on transaction, the project aims to have a crypto-payment infrastructure built on the blockchain that will see the value of transactions decreased. Merchants will thus pay less commissions on transactions as compared to conventional means of payment. The team has confidence that it will accomplish this objective thanks to years of experience building effective payment solutions.
This project will draw a lot of new crypto users as the team is creating a system that will encourage millions of interested parties that are still hesitant to use cryptos to join the industry. The system is designed to help new users connect with crypto transactions.
CRPT Transaction Token
The CRPT token is the core of this project. It will be the only token viable for all transactions on this platform. These tokens will be distributed via an ICO (Initial Coin Offering) and then listed on exchanges thereafter. Users will need to be holders of CRPT to enable them use the Crypertium Cryptobank.
Users will incur a 0.5% fee of the value of their transaction for every transaction. The fee will be in CRPT from the user’s account which will then be burned as fuel to run the system. It will be applied as a smart contract and valued at the existing exchange rate.
It will also be possible to utilize CRPT tokens as a way of paying charges put on non-crypto fiat, as well as transactions on the platform for a limited period but based on the system’s decision. In such a case, CRPT can be used as the only means of payment or an additional method. These tokens, will not be burned like those paid as fees for transactions.
This project is comprised of professional and experienced digital currency specialists. Most have more than ten years’ experience in the digital currency industry developing useful tools like cryptocurrency banking systems. They have used more than $50 million in this industry and most of them are part popular projects such as Workle, Bonus Club and PAYQR among others.
This team has been working on this project for the last five years and are now ready to launch the same in the last quarter of 2018. There CRPT token will be utilized for all transactions in their banking system. Currently, 1 CRPT is equivalent to 0.0001 BTC and can be prepurchased publicly.