Hello Everyone,
This is Satish from India
Today I would like to make review on "Centra ICO"
Everyday Blockchain industry attarcting so many startups to create their own Cryptocurrencies in Blockchain field. Day by day no of Cryptocurrencies existing in Blockchain industry increasing enormously. As of now there are ~ 900 Cryptocurrencies existing in the world and this number will increase in future significantly. The cryptocommunity who invested in Cryptocurrencies or altcoins are facing problems in spending with their holdings due to Cryptocurrencies are not so popular so far. Everybody in Cryptoworld want to spend their profits and earnings for shopping and purchasing daily needs. But till now it's a big task, like to spend their crypto first they have to convert their crypto to Fiat then only they can spend for their needs.
This system needs to be changed. For every transaction we made with fiat the banks are taking their cuts heavily.
In our everyday daily lives banking system is fully integrated with our needs. Due to this banks are cashing out from us significantly in the form of commission charges, service charges, and many more.
At present cross-border remittances are the biggest revenue sources for the banks and financial institutions. The market for cross-border remittances is around $ 582 billion in 2015 itself. Generally migrants from another country used to send funds to their parents and relatives to their own country for their living purpose but out of these foreign remittances banks are charging fees as high as up to 10% from 5% onwards. Not only this in the process of remittences there are around six parties involving excluding sender and receiver banks and at every stage when amount reaches to them then they will take their fee, Apart from this it will take not less than 1 week to 1 month some times. This type of traditional old system is really creating problems to send their own money to their loved ones.
There are currently 2 billion people are unbanked. Even though banks are modernised to fulfill our present needs but still banks are not able to include them due to absence of identity.
Now Centra wants to solve all these problems with single stop solution by using sophisticated blockchain technology. Centra aims to connect the cryptocurrency and world by introducing Centra card and Centra wallets.
Centra enables the cryptocurrency holders to spend their different blockchain assets in world conveniently within seconds with either Centra card or Centra smart wallet. Everyone can store their crypto assets in Centra wallet with piece of mind from hackers/theft of funds because the funds stored in Centra wallet are completely insured.
Centra platform allows people to transfer their money between countries within minutes with mostly nominal charges by removing intermediaries completely in decentralised manner.
Everyone can download the app from Google playstore or iOS and once created their accounts then every blockchain asset wallets will be created automatically. The private keys for every wallets are being stored in industry approved hot & cold storage initially. Later if user wants to save their private keys then it will allow them to save. A user can also withdraw funds can transfer the funds to different wallets without having any transaction fee. The cryptocurrencies stored in wallets are converted to fiat only when they spent.
Apart from this Centra introducing cBay for online marketplace for buying and selling daily used goods with cryptocurrencies. To protect the customers Centra is offering 30 day return policy. If they don't like the product then they can return without any hassles.
Centra creating Currency exchange engine (CCE module) for converting crypto to fiat when people spent with 0% transaction fee. This engine will connects to every platform of Centra like cards, wallets, ATMs to enable smooth transaction experience.
The comparison between Centra with their competitor TenX and other financial institutions.
Now Centra introducing its own cryptocurrency called CTR for crowdsale and to transfer the network rewards to token holders. Centra distributes 0.8 % ETH reward of every transaction in the network to the token holders.
Centra team having experience in blockchain and remittance industry.
The Crowdsale details
The Crowdsale already started on August 5th 2017 and will end on October 5th 2017.
No of tokens available for crowdsale : 68,000,000 CTR
Rate 1 ETH = 400 CTR
Maximum fund goal : 170000 ETH
To contribute in Crowdsale visit https://www.centra.tech/token-sale/
To see the full announcement in Bitcointalk Ann thread visit https://bitcointalk.org/index.php?topic=2057569.0
Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile;u=978916
Bitcointalk Profile name : Satish147