From being a foreign technology and an outlier, to gradually becoming a part of our lives (or at least we are beginning to embrace it), blockchain and cryptocurrencies have come a long way.
As cryptocurrencies grow in popularity and become readily available to the masses, there is the need to make them useful for other things asides just being a store of value. In the very near future, I want to be able to spend my cryptocurrencies seamlessly and without hassle or friction.
The need to be able to spend cryptocurrencies on goods and services was brought to the fore and exemplified by the famous Bitcoin Pizza story. Cryptos cannot be said to be currencies if they can't be easily spent just like fiat.
Some services like Monaco, TenX, and Amon have begun to make attempts to make spending of cryptocurrencies easy for the average human. However, these services are limited in the number of different cryptocurrencies that can be stored with them.
Introducing Crestonium
Crestonium is headquartered in Zurich, Switzerland.
In the world of Crestonium, it is believed that blockchain technology and cryptocurrency payments should be free. Crestonium is designed as a gateway to decentralized banking, offering a seamless experience of sending and receiving cryptocurrencies globally at no cost.
Users can easily spend, hold and secure many different cryptocurrencies with Crestonium. This means that Crestonium can be seen as a digital "crypto bank" that can be used from anywhere in the world as long as you have an internet connection.
Benefits of Crestonium
- Token Holder Protection.
Due to the team's strong belief in the product, token holders are guaranteed a return on their initial purchase if the value of CXS doesn't increase by 150% within 6 months after the ICO has ended.
- Limited Supply and High Demand.
With every transaction, a certain amount of CXS will be burned, thus reducing the total number of coins in circulation. A total of 500 million CXS will be created, with all unallocated tokens burned after the ICO ends.
- 0% Fees.
Crestonium offers the lowest possible exchange rates without the extra cost of merchant and credit card fees. Incentives of up to 70% will accrue to users in the form of cash back the more you make transactions while holding CXS. You will however still be required to pay the appropriate network fees every time you want to transfer cryptocurrency.
- Loans, Net Interest, and Decentralized Lending.
Like traditional banks, users can receive loans which are usually facilitated by other users who wish to earn interests on their assets by lending.
- Assets Security.
Crestonium is highly secure (bank-grade security and next generation account protection) and comes with the added advantage of allowing you to control your private keys.
- Mobile and Desktop App.
While other services provide just a mobile app, Crestonium plans to go a step further by making available a desktop app that is in sync with the mobile app in real time.
- Multi-currency Support.
Owing to the fact that we all own different cryptocurrencies, Crestonium has set out to support all of the 1000+ different cryptocurrency currently available. There is also the plan to provide support for future cryptocurrency yet to be developed.
- Others include;
Customizable UI.
Smart Contracts at Transaction Level.
Loyalty Rewards.
Processing Speed Exceeding 5000 Transactions per second.
Open Platform API.
Instant Card Issue Time.
Token Details.
Token Contract Address: 0x9fce1da048e48a18a9b8af8b4f7acb9fe9ee54fa
Token Symbol: CXS
Decimals: 18
The CXS token is an ERC20 token which means it has been built and implemented on the Ethereum blockchain. It is designed to be a utility token (used for transactions) and not an asset.
Maximum total supply of CXS stands at 500 million. No new CXS tokens will be generated after the Initial Token Sale has ended.
ICO Details.
The ICO sale began on 21 February 2018 and should run through to 7 April 2018. The pre-sale event had taken place much earlier (14 February 2018).
You can be a part of the ICO using any of the following coins; BTC, ETH, XRP, XLM, XMR, LTC, DASH, BCH, ETC, as well as PayPal.
1 CXS is currently valued at 0.00002 BTC
Majority of the proceeds (55%) will be spent on software and business development in order to ensure that all these lofty goals are achieved in record time. Marketing will take about 9% of the proceeds from the ICO.
Roadmap.
References.
Website - https://crestonium.io
Whitepaper - https://crestonium.io/Whitepaper/Crestonium_Whitepaper_1.01.pdf
ANN Thread - https://bitcointalk.org/index.php?topic=2455575
Authored by 23xfi
Bitcointalk profile - https://bitcointalk.org/index.php?action=profile;u=1347685
Ethereum - 0x00889349Ca058116E6430Faf92FDa4fD7EC4f51e