Crypt-ON may be a P2P platform engineered on blockchain technology to supply safe and secure trades in cryptocurrency. Crypt-ON is aimed toward a good vary of users—from beginner crypto-enthusiasts and freelancers to investors and managers of blockchain comes. this can be an area wherever folks meet, make deals, get loans for his or her comes, exchange digital assets for cash, and appearance for work or performers for his or her tasks, all by victimization cryptocurrency for payments. In P2P systems, folks act directly, while not associate degree go-between, and alone on the premise of the consent of all dealings parties. Crypt-ON implements this model of interaction on the premise of smart-contracts within which the terms of transactions square measure fastened. In parallel with the utilization of a name token (trust token), that displays the trust rating and also the system of freelance arbitration, this permits the responsibility and security of transactions.
There are several Tokens and crypto-currencies available in this project.
i-Point (IPT)
The main token of the Crypt-ON project is that the product digital token i-Point (IPT), created on the Ethereum basis (ERC20 standard). Token unleash and sale are meted out inside the TGE (Token Generation Event). The IPT token isn't a cryptocurrency or any monetary instrument however a postpaid service for victimization the Crypt-ON platform. It’s an enclosed payment instrument, utilized in payments for the Crypt-ON help services:
Terminal secure trades
finding employment/specialists
checking out loans
Conducting the cryptocurrency-to-fiat exchange between platform users/participants.
Currently, the User's Personal Account interface has been developed. All transactions with i-Point, as well as the exchange of crypto-currencies utilized in the system, are obtainable through it.
Trust-Token
Trust-token (reputational token) is that the digital token containing records of all platform-user operations within the sort of a trust rating. The name of the system participants are determined through the trust token smart-contract. All user actions, transactions results, reviews, etc. can have an effect on its rating. A trust token of a project participant can even be utilized by him/her on the other services. In fact, a trust token may be a cryptographically secure rating of the reliability/trustworthiness of the user of the Crypt-ON system hold on in an exceedingly smart-contract.
Stablecoin
The use of stablecoin can offer a lot of confidence to the parties in written agreement transactions and loans. We have a tendency to assume the utilization of associate degree external trust token discharged by one among the third-party specialized comes.
There are plentiful advantages from using Crypt-ON platform
Once victimization the name token (Trust-token), displaying the trust rating/reputation of every participant can solve the problem of trust and improve the quality/safety of on-line transactions.
Associate degree freelance go-between system can make sure the security of transactions through the utilization of mechanically generated smart-contracts. No off-chain and trust "on the word" – the code is that the law.
The low platform fees and also the combination of assorted services inside one platform can contribute to the expansion of the P2P transactions range, and increase the turnover of cryptocurrencies and also the use of blockchain technology by representatives of assorted businesses, entrepreneurs, freelancers and novice crypto-enthusiasts.
Volatility risks square measure reduced by victimization the stablecoin within the system of transactions created victimization the platform services.
Crypt-ON is to provide safe and secure transactions in cryptocurrency on a peer 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-lending
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%.
Definition
As I said before, CryptON (IPT) (https://crypt-on.io/), deferring from the others, is a complex peer-to-peer (p2p) cryptographic platform, designed to evolve into a full-cycle cryptographic DAO system. Through the platform, people meet, make secure purchases in cryptocurrency, borrow cryptocurrency for their projects, find employers and freelancers for their tasks and obtain rewards in cryptocurrency.
Goals
The main goal of CryptON is to solve the main direct online interaction between people problems, which prevent the development of the blockchain and the cryptographic world as a whole.
Benefits and functionalities
The most important advantages and functionalities of the CryptON platform are:
Carry a help service to find financing (p2p loans), allowing people all over the world to conduct any type of safe transactions using the crypto currency, from selling badges and handicrafts to yachts and real estate.
Helping in the conclusion and fulfillment of safe operations. People can remotely agree on the job and tasks and pay for it with a cryptocurrency.
Helping crypto community freelancers in the search for new projects minimizing the number of defaults by smart contracts. Thanks to that, anyone can help the person in need of funds on terms that the parties will agree directly with each other.
Assist members of the platform in the exchange of p2p cryptocurrency without mediators and with the possibility to find a buyer and conduct a secure transaction.
About project tokens:
Token Generation Event or TGE (this is an analogue of the ICO, only legally permitted in the United States and regulated by the SEC) will be held from October 1 of this year to January 21, 2019 A total of 200 million IPT tokens will be released. Crypt-ON note that their token will not be cryptocurrency in the broadest sense of the word. This is the so-called utility token that will be used within the framework of the platform to pay for various functions. At the same time, it can be purchased on the stock exchanges for traditional cryptocurrency or money. Soft Cap of the project is set at 4 million USD, Hard Cap - 16 million. All not sold tokens will be burned.
Conclusion:
Such a system in the future will allow creating a separate community of crypto enthusiasts who can put their wildest ideas and ideas into practice, form teams, hire the necessary specialists, get loans - all this without departing from the computer and the Crypt-ON platform. Given the opportunities and ease of participation, Crypt-ON is planning to attract those who do not share the idea of a cryptocurrency future today.
Team
For more detailed informations :
Website: https://crypt-on.io
Whitepaper: https://drive.google.com/file/d/1ItcfVNhOnSiXhRlf-OIAjZDSnfJuIS66/view
ANN Thread: https://bitcointalk.org/index.php?topic=3530713
Telegram: https://t.me/CryptON_ICO
Twitter: https://twitter.com/Crypt__ON
GitHub: https://github.com/Crypto-ON
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