"Crypto Mark target is to create a transaction currency which is accepted worldwide — not only in Germany."
The Legacy of the Old German Mark
Before it was replaced by the Euro in 1999, the German mark (also known as Deutsche Mark) had a reputation as one of the world’s most stable currencies; this was based on the monetary policy of the Bundesbank (wikipedia). In respect to the aims of inflation and political interference, the policy was “hard” in relation to the policies of certain other central banks in Europe. This policy was the foundation of the European Central Bank’s present policy towards the euro.
When speculation on the French franc and other European currencies caused a change in the European Exchange Rate Mechanism in 1993, the German mark’s stability was greatly apparent. The Deutsche Mark was the official currency of Germany. However, the financial crisis in 2008/09 and the following Euro crisis have resulted in a significant loss of trust in the Mark’s and the currency was replaced by the Euro in 1999. Deutsche Mark banknotes and coins stayed in circulation until 2002. The Deutsche Bundesbank guaranteed indefinite exchange of German Mark cash to Euros.
The Crypto Mark Digital Currency
A Blockchain project is going to relive the legacy brought about by the Mark again and offer it as a Digital Currency. A digital currency (digital money or electronic money or electronic currency) is a type of currency available only in digital form, not in physical (such as banknotes and coins). This digital currency will called Crypto-Mark. The Crypto Mark is a cryptocurrency, which is based on the Ethereum platform and ERC-20 compliant. It is set to guarantee the stability of its value over time. Specifically, it comes with a nonalterable total supply of 82 million units, which is less than 1 Crypto Mark per German inhabitant. It is forgery proof, allows for quasi anonymous peer-to-peer payments and is not influenced by Governments, Central Banks or private individuals.
Crypto Mark Value Adding Features
The value of every currency, also that of a crypto currency, is based on its acceptance by the people. Crypto Mark has been design with all features, which are necessary for a strong and stable currency.
As it uses the proven Ethereum blockchain technology it is extremely secure against forgery.
Its amount is limited to 82 million coins, which is about 1 coin for each inhabitant of Germany. This makes sure that with growing acceptance it can be reflected in a rising value of the crypto currency.
Other crypto currency have shown how dynamic such a value development can be. Taking for instance, the value of the Bitcoin, the world’s first crypto currency, has increased by more than 3500% since 2013 that is 500 Ether had a value of less than 600 Euro in in August 2015. wherein today, its value has risen to more than 100,000 Euro.
Crypto Mark Blockchain based business models
Schematic overview of the “Crypto Mark Trust” smart contract
The platform plans to create tangible value for holders of the Crypto Mark as it is considering several blockchain based business models, which will charge a small percentage of transaction value for each transaction. This money in the form of cryptocurrencies like Ether will then be transferred to a smart contract, which acts similar as a trust, only dedicated to holding the assets for Crypto Mark holders.
Holders of Crypto Mark will then at any time have the opportunity to convert their Crypto Mark into the underlying asset at their fractional portion of the net asset value. Given that the net asset value of the Crypto Mark can only increase over time, this is however not expected to be widely used. The value assigned to the Crypto Mark at exchanges should theoretically at each time surpass its NAV.
With every transaction a fee of e.g. 0.3% will be charged and automatically transferred to the Crypto Mark Trust smart contract.
Crypto Mark’s Roadmap
Outlined below is the timeline of Crypto Mark project. Starting off with the creation of the Crypto Mark token on the 4th quarter of 2017 up to the Beta release of the first blockchain based business model tentatively on the 3rd quarter of 2018.
THE CRYPTO MARK ADVANTAGE
The number of CTM is limited to 82 million coins, which is roughly the number of inhabitants in Germany — with its usage and ownership of course not being limited to Germany. More coins will and cannot be minted. Inflation because of government starting up the printing press or the central bank buying government bonds is therefore impossible.
The usage of the Crypto Mark is anonymous- comparable to the use of casg, which many states worldwide try to restrict more and more.
The Crypto Mark needs no banks. Transfers are possible direct peer to peer without any intermediary being necessary.
A trustworthy development team. Crypto Mark has been developed by a team of IT, Finance and E-commerce professionals, which does however value its anonymity.
With the project’s ongoing development, Crypto Mark has potential to makea strong and stable cryptocurrency that can compete head-on to existing and established cryptocurrency in the market. It’s just a matter of time, Cryto Mark will relive the legacy of the old Mark!!!
To know more about Crypto Mark and their team, check their
Official website and forum
Crypto Mark’s Telegram, Facebook, and Twitter channels
Don’t forget to join their ongoing Advent Calendar event
Download their Whitepaper
@Crypto_Mark2017 #AdventCalendar