ICO of the Week; Everything You Should Know About Crypterium

“Cryptobank for cryptopeople”. That’s the description given to the cryptocoin we are about to talk about. Here is everything you need to know about Crypterium, our ICO of the week. Let’s jump right in.

What is Crypterium?

Crypterium is a platform that was created to offer the same services as your traditional bank. The only difference is that it exists in the cryptocurrency world. You’ll find it at Crypterium.io. According to the website, this cryptocurrency is expected to become the leading cryptobank for the growing crypto-economy. Sounds interesting, doesn’t it. Here is how they intend to achieve it.

Crypterium Features and Services

The developers intend to achieve their “Cryptobank” goal by making the following products and services accessible to users.

Mobile Cryptobank

You get to enjoy different methods of payment and banking services. These include;

  • Instant cryptocurrency payment
  • Contactless payments via NFC
  • QR
  • Loyalty programs
  • ApplePay
  • Cashbacks
  • AndroidPay

OpenAPI Platform

There is a Crypterium app store where you can get cryptocurrency software and solutions. It’s also expected to have a decentralized server of its own, including a third-party integration.

Cryptocurrency Acquisition

According to the developers, Crypterium is expected to be a solution for all types of retail trade and services. They also promise to include native integration with POS software and “cryptocoin to fiat” settlements.

Crypterium Features

  • An emphasis on contactless payments, including ApplePay, SamsungPay, AndroidPay, and QR code mechanisms, among others
  • Contactless payment cards available at 42 million shops worldwide
  • Crypterium OpenAPI, which is a banking platform that enables developer solutions for a decentralized economy
  • Integrations with payment platforms like PayPal, WeChat, Gyft, and others
  • Manageable daily limits
  • Multi-sig wallet
  • You won’t need currency exchanges – instant payments are available in fiat money or cryptocurrency anywhere in the world
  • PSI-DSS certification
  • Real-time fraud monitoring
  • Smart contract wallet
  • Technical and financial auditing
  • The opportunity to issue a virtual card on multiple credit card networks, including American Express, Visa, MasterCard, and Union Pay

What You Need to Know About the Tokens

The first thing you should know about Crypterium tokens is that; there are two. That is CRPT and CRED tokens. Let’s take them one at a time;

CRPT Tokens

These are the mains tokens that you get to purchase during the ICO. You (the CRPT token holder) are entitled to a cut of every payment made by customers on the Crypterium Cryptobank. The transaction rate of 0.5 percent is used to buy CRPT from the open market and burned. The primary goal is to create a constant demand for tokens.

CRPT token holders and the most active users of the platform will receive 30 percent of the transaction revenue as a reward. The reward will be based on the number of tokens owned by users. For example, if you own more than 25,000 tokens, you would hold a Platinum stake. That means you would receive 50 percent of the revenue.  

CRED Tokens

These are credit sub-tokens that allow you create complete banking structures and interest interaction. It’s all based on the Crypterium blockchain.

You get to obtain a loan using CRPT: CRED. Of course, the collateral, customer-specific interest rate and other conditions apply. After obtaining the loan, you can easily convert it into any currency you want.

At the end of the loan period, you must pay the amount borrowed and interest in CRPT: CRED.

The Token Sale

The sales of Crypterium started back on October 31. Yes, you have missed the bonus. However, the tokens are still available until January 13.

One CRPT token goes for 0.0001 BTC and there is a maximum supply of 300,000,000 CRPT tokens. You have the option of paying in BTC, ETH, or Fiat.

Wrapping Things Up

Crypterium was designed to bring the conventional services of a bank to the cryptocurrency world. They are doing this by launching a global credit platform and a contactless payment.

Visit Crypterium.io to find out more.

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