CREDITS ICO; Review
From its discovery, Blockchain and Cryptocurrencies has continued to evolve, from the traditional peer to peer exchange of value and payments “as with Bitcoin” to the development of smart contracts applicable to solving real life problems, expanding the horizon for individual entities and businesses. The crypto universe is vast and is growing at a rapid rate making demand for decentralized currencies skyrocket.
The implications of this are that Cryptocurrencies have started to inhibit some of the problems with the traditional financial/banking systems like; speed, low network capacity, high cost of transactions, no fully functional smart contracts and the volume of data saved. Blockchain and cryptos are evolving and the technology as to evolve too.
The answer to this and more is the CREDITS Blockchain.
What is CREDITS?
CREDITS is a Cryptocurrency and Blockchain for the financial industry with more than capable of processing up to 1 million transactions per second with just a 0.01 sec for a transaction. CREDITS is a new, unique Blockchain platform with absolutely new technical capabilities of the network, response time, transaction cost and the number of operations per second.
CREDITS takes peer to transactions to another level entirely and grows the capability of utilizing monetary benefits based on a disseminated record, self-executing brilliant contracts, and CREDITS digital money. It is an open platform which means that users and companies can create online services that implement the Blockchain protocol.
CREDITS Goal
The creation of a decentralized sector of financial services on the basis of the participant(s), bypassing specialized financial institutions such as banks and intermediaries
CREDITS expands the potential blockchain technology has for the financial industry.
Use Cases
The use cases of CREDITS relates well to the possible uses of Blockchain as applied to financial industry for limitless potentials
1. CREDITS blockchain
2. Blockchain and smart contracts for creating services
3. Use of CREDITS cryptocurrency in settlements
Technical Features as Compared With Bitcoin and Ethereum
Why would I invest in CREDITS?
For personal evaluation, I reference four major aspects of any project namely; the project, the Team, The road map and the ICO structure.
The project I have analyzed above and I think it’s revolutionary and also achievable
The Team:
The Credits team has a strong background, the CEO and Founder is Igor Chugunov and the CTO& Co-Founder is Evgeniy Butyaev. Chugunov, as per his profile on LinkedIn, has been running an IT company before shifting his focus to this project. From this, i can see that he has some decent exposure to the financial industry, though not in-depth.
The team has eight people on board which for me are really good and when i looked into their linkedn profiles and analyzed their fields of expertise I think this is a team that can really deliver the goods. They have years of experiences between them in fields ranging Banking, Blockchain technology, software development, programming, media and community management.
SIGNALS team constitutes of inspired finance and technology professionals who already have a successful track record.
The Road map:
Looking at the road map from the [ANN] thread I realize that CREDITS will have a working alpha prototype by March 2018, beta by April and the full release by June 2018 and after looking into the team and their specialties I think this road map milestones are very achievable and it also shows the commitment of the team to the product. I am pretty sure that the team knows what it is doing at this point of time.
ICO Structure:
I have strong convictions about projects that offer the larger percentage of their tokens up for the ICO and the token structure shows 60% if the total tokens allocated for the ICO. All the tokens would be either sold to the public through a public sale or retained by the team for their future use.
TOKEN SALE: Starts 1 FEB
Ticker: CS
Token type: ERC20
ICO Token Price: 1 CS = 0.21 USD (0.00020 ETH)
Fundraising Goal: 20,000,000 USD
Sold on pre-sale: 3,000,000 USD
Total Tokens: 1,000,000,000
Available for Token Sale: 60%
Min/Max Personal Cap: 0.01 ETH / TBA
Accepts: ETH, BTC
Conclusion:
From my personal evaluation, the rating for CREDITS ICO is very high by my standards and represents an awesome ICO. I am making sizable investment in this project.
This is a project I am really bullish about and I can see it doing conveniently a possibly 100X in a year, in terms of value and I am certainly going to HODL the tokens for a long time for higher rewards, and I am also looking forward to its full implementation.
Official
Official website: https://credits.com/
Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Telegram: https://t.me/creditscom
Facebook: https://www.facebook.com/Creditscom-1488549834790421/
Twitter: https://twitter.com/CreditsCom
Bitcointalk [ANN] Thread: https://bitcointalk.org/index.php?topic=2401248
Medium: https://medium.com/@credits
Linkedn: https://www.linkedin.com/company/13370238/
Disclaimer:
I am not a business adviser and this piece is not meant to be an investment advice. This is my personal opinion about a project I am really excited about. I recommend that you “DYOR” do your own research, join their Telegram channel, read their Whitepaper and consult your legal adviser before investing in any ICO as they all carry a level of risk. I shall not be deemed liable for any profit or loss on funds invested. Thank you.
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1556229