Crypt-ON is to provide safe and secure transactions in cryptocurrency on apeer to peer platform. It is facilitated by blockchain technology. This project aims to create Decentralized Autonomous Organization which the members can independently manage. The decisions on that platform are made by the voting and ranking the options available.
The functions of the Decentralized Autonomous Organization (DAO) can be identified as,
- P2P local exchange
- Crypto freelance job
- Escrow service
In developing DAO it has been followed four steps. They are,
- Creating an ecosystem – This ecosystem will be a global workspace for all participants. It provides various services to its participants. Eg. Offering simple tools to investors to perform different tasks.
- Building a community – The users of this platform are not considered as customers. But, they are the members who expect the prosperity and development.
- Building a business – In order to participants make feel successful this platform creates a business that provides security and convenience. Further it is expected to build up a partnership with other platform while promoting DAO on various other platforms.
- Migration to own blockchain – It provides high capacity and consensus algorithm and equal opportunities for all community members.
Crypt-ON is good enough to deliver the benefits like,
- Secure trades in cryptocurrency
- People in different countries can exchange cryptocurrrencies on this platform
- Favorable terms for borrowings and lending of cryptocurrencies
- Attract new employees
Trust token, smart contracts, independent arbitrage, trades insurance, stablecoin and fraud protection are the main technologies and instruments used in this project.
The token used in this project is represented by IPT. The total supply of IPT token is recorded as 200,000,000. The minimum amount to be raised as softcap is $4 000 000 where the maximum amount to be raised as hardcap is $16 000 000. Payments for IPT are accepted only from BTC, ETH and LTC. The total supply of token is distributed as follows.
- Operational expenses of the platform management – 5%
- Legal support – 5%
- Expenses of transition to decentralized management – 5%
- Remuneration of mentors of the project – 5%
- Marketing and promotion of the project – 20%
- Finalization of IT solutions and their launch – 50%
- Reserve Fund – 10%.
In order to bring the project in to current statues, Crypt-ON has done followings in its history.
- Research on market
- concept development
- team building
- registered the legal entity
- developed MPV
Further it has planned to achieve followings in its near future.
- Pre Token Generating Event
- The token generating event is opened from October 2018 to January 2019
- launching the services for secure execution of transactions
- Searching for loans (specially P2P lending)
- Launching the services to assist in finding employment or professionals
- Provides services for p2p cryptocurrency exchange without intermediaries
- Development of decentralized platform management
- Launching Voting mechanism
- Developing mobile app, DAO voting mechanisms and supporting system functionality
- Evaluate the project into the DAO principles
- Evolvement of DAO
- Development of election system
- Election of DAO
- Promotion of the project
Crypt-ON is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in economics, International auditing, Start-ups mentoring, IT solutions development, investment-consulting, Blockchain technology, Programming, data analyzing, Internet marketing, Business Development, Community management, graphic designing, tech-analytics, commercial and social projects, public relationship, Technical support, branding and legal matters and so on.
More Details of Crypt-ON:
Official Website: https://crypt-on.io
ANN Thread: https://bitcointalk.org/index.php?topic=3530713
Post By Anton De Mel
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1770640