What Is Crypto On
Crypt-ON is a P2P platform built on blockchain technology to provide safe and secure trades in cryptocurrency.
Crypt-ON’s main goal is not only to solve current problems when making cryptocurrency p2p transactions, but also to create a global workspace for crypto enthusiasts from around the world.
Crypt-ON is aimed at a wide range of users, from beginner crypto-enthusiasts and freelancers to investors and managers of blockchain projects. This is a place where people meet, make deals, get loans for their projects, exchange digital assets for money, and look for work or performers for their tasks, all by using cryptocurrency for payments.
The Crypt-ON platform provides users with access to 4 services:
- Service to assist in secure trades through an independent arbitrator (escrow) It provides the ability to conduct any type of secure trade using cryptocurrency. The insurance of transactions will serve as additional protection of interests of all parties.
- Service to assist in finding and obtaining loans (P2P lending) It provides the opportunity to borrow/lend in cryptocurrencies on mutually beneficial terms without the participation of an intermediary. The use of a rating system that determines the level of reliability of potential borrowers will reduce the number of defaults to a minimum.
- Service to assist in finding employment/specialists (crypto-freelance job exchange) It provides independent professionals in the field of the crypto industry the possibility of finding remote work, and companies or projects—the possibility of hiring such specialists. The parties can directly agree on the execution of various types of work, using the cryptocurrency in their calculations.
- Service to assist platform members in P2P cryptocurrency exchange without mediators. It provides users with the opportunity to exchange cryptocurrency for fiat money between themselves directly without the participation of an intermediary, using geotargeting to find contractors in their region.
The mission of the Crypt-ON project is to create a global workspace for reliable and mutually beneficial cooperation of cryptousers all over the world. I-Point token (IPT) is an utility token, a universal way for settlements of any transaction on the p2p platform Crypt-ON. Also, using of IPT provides a 50% discount on fee services, insurance of trades, access to hiring through the crypto freelance marketplace and rapid growth of user rating.
Technologies and Instruments
- Trust Token - Cryptographically secure rating of user trust containing records of all his operations on the platform.
- Smart Contracts - A single computer algorithm that guarantees transactions and automatic execution using all platform services.
- Independent Arbitrage - In case of disputes, the arbitration system is used to resolve the contradictions. Its mechanism will be evolving and improving, trying to reach maximum decentralization.
- Trades Insurance - Special reserve fund will be created to protect users’ interests. Its main goal is to guarantee all obligations and it will be replenished by fees from transactions.
- Stablecoin - The use of stablecoin, not affected by high volatility of crypto assets, will serve as an additional protection to the interests of participants.
- Fraud Protection - To ensure the fair growth of participants’ reputation (trust rating), a special mathematical algorithm will be used to eliminate cheating.
Why do you need DAO?
Imagine a world that belongs to everyone, there is no vertical hierarchy and corruption, and the powers are distributed among all participants. A world of equal opportunities. Without bureaucracy and without borders.
The concept of DAO (Decentralized Autonomous Organizations) fits perfectly into the project in accordance with its mission – creation of a global workspace for a cryptocommunity. And with the platform transition to decentralized management, all decisions will be made by the community of token holders.
Tokens Emission and Distribution
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For More Information
Website: https://crypt-on.io/
Whitepaper: https://drive.google.com/file/d/1ItcfVNhOnSiXhRlf-OIAjZDSnfJuIS66/view
ANN: https://bitcointalk.org/index.php?topic=3530713
Facebook: https://facebook.com/CryptOnDAOsystem/
Telegram: https://t.me/CryptON_ICO
LucY!
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