Latest ICO : CREDITS, A New Generation Of Blockchain
ABOUT CREDITS ICO
CREDITS is an open source platform with autonomous smart contracts and an internal native cryptocurrency token called CS. The CREDITS platform is designed to create services for blockchain systems using self-executing smart contracts and a public data registry.
The team behind CREDITS claims that the platform can execute more than 1,000,000 transactions per second and has an execution speed of 0.01 seconds.
CREDITS platform is the first completely autonomous blockchain system. The platform offers a new, extended application programming interface (API) that utilizes a Turing system capable of creating services using cycles, schedules, and unique functions.The CREDITS team claims that no other platform offers smart contract execution speeds near those of CREDITS.
How Is CREDITS Different From Bitcoin and Ethereum?
Following are some of the points of differences between CREDITS , Bitcoin and Ethereum as mentioned on the CREDITS Website:-
Team Behind CREDITS ICO
Advisors for CREDITS ICO
CREDITS ICO Details
CREDITS platform successfully completed pre-ICO, collecting $ 3 million investments 4 days before the official end date as a result, the pre- ICO got closed early. Early closing of pre-ICO clearly showed that the project is appealing to people from all over the world.
The main parameters of the forthcoming ICO:
ICO dates: February 1st – February 28th, 2018
Total number of issued tokens – 1 000 000 000
Exchange rate of a token – 1 ETH = 5000 CS (CREDITS)
CREDITS tokens can be purchased for Bitcoin and Ether.
During the ICO, the company plans to sell tokens worth of $ 15-20 million. In the first half of the year, the company will be able to use only 50% of the collected funds, but no more than 7-10 million dollars for the development of the platform. The remaining funds will be unlocked after the launch of the Alpha version and the release of the platform.
According to the calculations of the project budget, the company will need 15-20 million dollars for the first year of operations, development and promotion of the platform. For the next 2-5 years, the team will gradually sell tokens as needed in small quantities, so it doesn’t provoke a fall in prices.
To increase the investor’s confidence, the company uses escrow. Escrow is a way to block funds collected by ICOs from third parties (investors) until certain conditions arise. The team will not be able to spend the cryptocurrencies collected during the ICO before the promises to develop the alpha version and release of the full version of the platform are done.
Due to the increase in the interest on the part of contributions and Crypto community, it was decided to conduct a preliminary Whitelist registration. The contributions will need to undergo a standard KYC (know your customer) procedure in order to comply with the international rules on combating crime and money laundering. Any person wishing to contribute more than 10 ETH in the project will be required to get KYC done and pass this procedure
More Information about CREDITS ICO
Technical Paper:- https://credits.com/Content/Docs/TechnicalPaperENG.pdf
Short Presentation:- https://credits.com/Content/Docs/PresentationENG.pdf
Long Presentation :- https://credits.com/Content/Docs/CREDITSdeckENG.pdf
3-Page Teaser:– https://credits.com/Content/Docs/CREDITSTeaserENG.pdf
Find CREDITS ICO Socially
Facebook :- https://www.facebook.com/creditscom/
Medium :- https://medium.com/@credits
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