What is Crypterium (CRPT)? The Complete Cryptocurrency CRPT

Continuing the series of articles about Coin and Token by Techtipsnreview. Today, let’s learn about Crypterium (CRPT).

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What is Crypterium?

Crypterium is Blockchain Financial Services.

According to the definition of team dev

Crypterium is a fintech company.

The project is building a mobile application to meet the banking needs of digital assets in the future.

Crypterium allows users to receive, transfer and exchange different currencies including cryptocurrencies.

According to the definition of Techtipsnreview

Crypterium is a Blockchain project in the financial sector, aiming to provide today’s cryptocurrency payment services.

Besides, it acts as a “cryptobank” (bank that uses crypto as a means of payment) for people who use cryptocurrencies.

What problem does Crypterium (CRPT) solve?

Here are the current billing issues that the dev team wants to improve:

• Transaction speed is too slow: Traditional banks and Blockchain projects now process transactions too long.
• Difficulties in cross-border payments: When you travel, you have to see if that country accepts payment with your country’s bank card. Besides, it is mandatory to make a new card.
• High transaction fees.

What is Crypterium’s Solution (CRPT)?

With over 10 years of experience in the financial industry, the dev team has combined the power of Blockchain technology and financial knowledge.

The dev team has released applications to solve the above problems.

Some features of the above solution:

• Fast transaction speed.
• Cross-border payments, wherever you want.
• Low transaction fees.

I will talk more about those applications in the following sections. Please follow me!

What is Crypterium (CRPT)?

Crypterium (CRPT) is the official token in the Crypterium network that runs on Ethereum’s platform according to the ERC-20 standard.

CRPT was issued by the Crypterium Foundation through an ICO on October 31, 2017.

Basic information about Crypterium (CRPT)

CRPT Token on Ethereum Blockchain:

• Ticker: CRPT
• Contract: 0x80a7e048f37a50500351c204cb407766fa3bae7f
• Decimal: 18
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token type: Utility Token
• Consensus: Proof of Stake (PoS)

CRPT Token on Binance Chain:

• Ticker: CRPT
• Blockchain: Binance Chain
• Token Standard: BEP-2
• Owner: bnb17fk3uvagucxzpvmdvd373fapqsahxvzevdard9

These two types of CRPT Tokens can be swapped with each other:

• Circulating Supply: 99,816,092 CRPT
• Total Supply: 84,818,541 CRPT

Token Allocation CRPT

Token Sale CRPT

The Public Sale round took place on October 31, 2017 – January 13, 2018.

Price : 1 CRPT = 0.75$

The project sold out 300 million tokens and raised $51,660,000.

Below are the details of the bonus when buying CRPT.

Token Release Schedule CRPT

• Founders & Team: Tokens are locked for 10 months after the ICO. This token was unlocked in November 2018.
• Reserved fund: Tokens are locked for 15 months after the ICO. In April 2019, this group of tokens was unlocked.

Information about unlocking tokens for other parts of the dev team is not public. I will update when there is a notice from the project.

What’s outstanding about Crypterium (CRPT)?

In this part, I will talk more about the features and applications of the project.

Among the features of Crypterium, the most interesting one is sending crypto-currency digitally.

With the “Crypterium Wallet” app, users can send money to anyone with just a phone number.

Recipients will receive an SMS to download and create a Crypterium account. As soon as the account is created, the money will be added to the recipient’s account.

In addition, thanks to this deposit mechanism there are no transaction fees. The recipient will receive it immediately because the transaction is done outside the Blockchain network. Unlike other Blockchain projects that have to wait for transaction confirmation.

Crypterium Card: This can be seen as a “debit card”.

Crypterium Card allows you to make payments in all countries in the world, except for some restricted countries such as: Cuba, North Korea, Iran, Sudan, Syria.

Your job is to order a card on the “Crypterium Card” application available on the AppStore & CH Play.

Some highlights of the card:

• The card expires after 2 years of issue.
• Crypterium is a prepaid card.
• The currency used in the card is USD.

Other features of Crypterium:

• Bank transfers: You can make transfers or payments nationally or internationally from Crypterium apps.
• Saving account: Banking service feature can help you earn interest from holding CRPT. I will go into more detail below.
• Mobile Recharge: Use the Crypterium app to replenish your mobile balance in over 100 countries.
• Voucher: From the Crypterium application, you can buy services of Skype, Viber, Steam.

Crypterium (CRPT) Rates Today

Crypterium (CRPT) used for what?

CRPT Token is used for the following purposes:

• Transaction fee: CRPT is used to pay transaction fees when sending money.
• The project uses 0.5% transaction fee, automatically buys CRPT and burns it. This will reduce the supply leading to a boost in CRPT demand from the market.
• Reward: 30% of the transaction fee will be used to pay interest to the users who hold CRPT Token. Details of interest payment are as follows:

Crypterium Transaction Fee (CRPT)

When a user uses the Crypterium Card to transfer funds, there will be a transaction fee of 2% of the total order.

The transaction fee is a bit high compared to other projects, not exactly what the project said.

Additionally, CRPT is running on Ethereum’s ERC-20 platform.

Therefore, when transacting or transferring CRPT users will have to bear the following fees:

• Blockchain network transaction fees are collected by Ethereum.
• Exchange fee: withdrawal fee, transaction fee collected by exchanges.

How to earn and own Crypterium (CRPT)

Currently, the ICO has ended, the project is no longer running Airdrop & Bounty programs. So, you can’t earn CRPT for free anymore.

Those of you who want to own CRPT for free, only have to hold CRPT to get interest from transaction fees, the more CRPT you hold, the more you will receive.

In addition, you can own CRPT by buying on CRPT listed exchanges.

For example: Kucoin, Liquid, Binance DEX…

Secure Crypterium (CRPT) Wallet

The CRPT token is developed on the Ethereum ERC-20 platform.

So you can store Crypterium (CRPT) on Ethereum wallets like:

• Web Wallet: Myetherwallet, Mycrypto, Metamask.
• Hardware Wallet: Ledger Nano S, Trezor.
• Mobile Wallet: Atomic Wallet, Trust Wallet, ImToken.

Besides, CRPT has its own storage wallet “Crypterium OU”. You can go to AppStore or CH Play to download and store CRPT tokens.

In addition, if you regularly trade CRPT, you can always store it on the wallets of exchanges.

Some exchanges currently support CRPT such as: Kucoin, Liquid, Binance DEX…

Crypterium Exchange (CRPT)

After nearly two years of launch, now, CRPT is being listed on a number of exchanges such as: Kucoin, Liquid, Binance DEX, HitBTC…

You may be interested:

The Future of Cryptocurrency (CRPT)

Here, I would like to repeat the Business Model of the project as follows:

Crypterium is a financial services platform applying Blockchain technology.

They focus on solving payment problems that traditional banks or other Blockchain platforms are having.

The goal of the project is to create a bank for anyone. The platform is designed to provide the same services as traditional banks or financial companies. But it will be better and serve the crypto world.

According to the model as above:

Purchase demand:

• Users buy CRPT and hold to earn interest.
• Token holders buy to store value.
• Use fast payment service and low transaction fees.

Sales demand:

• The users holding CRPT who receive the profit will sell to the market.

Based on the demand to buy/sell, you can make a judgment about the future price.

Should I Invest in Crypterium (CRPT)?

Some keypoints I note down so that you can learn more and make your own investment decisions:

Roadmap:

The project has properly completed the goals set out in the roadmap until September 2018. Since then, the project has not had a new roadmap update.

Mainnet: The project has no plans to go to Mainnet.

Products: Below are the products that Crypterium has launched to the community.

• Crypterim Wallet: Transfer money by phone number.
• Crypterium Card: Cross-border payments.
• Mobile Cryptobank: Provide fast payment solutions.
• OpenAPI Platform: Provides an app store for crypto software and solutions.

Partners:

Some major partners of the project:

• Crypterium and BitPax have entered into a joint venture focused on expanding crypto-based financial services in economies across Asia.
• Crypterium partners with Liquid in expanding crypto QR code payments in Singapore.

In terms of tokens:

CRPT is Token Utility. It is used to pay transaction fees and to pay interest to its holders.

summary

At the end of this article, I hope you have more useful information about Crypterium (CRPT) before making an investment decision.

Do you have any thoughts or questions about this Crypterium (CRPT) coin?

Please leave a comment below. Me and the team Techtipsnreview will respond as quickly as possible.

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Best regards and see you in future posts!