About CREDITS
The future was created to be brave and
made good for the strong. This is the world in which the idea of governing and
creating a stepping stone for futuristic achievement among men. This is a
strong table of hearts. Life is the achievement of new achievements and bold
new trends. This is the strong point of change filled with unlimited
possibilities.
Credits are designed with an absolute
focus on crypto blockchain currency operations. It is centered around a strong
point to minimize all forms of unneeded products and centralized business
losses. It’s oriented towards the future and is one of the best forms of
financial optimization through node blocks. It is built around the functional specialization
of ideas and concepts that are driven by evaluated experts. This concept is
built around the dependency technology and API speed. It’s shaped around where
the acceptability of quality transactions and drives. The essence of making the
Credit platform with the number of jobs is only driven around the order and
function of business excellence and confidence.
This is the sequence determining the
creativity of the system around the crypto block-chains and coins (tokens). It
is an exceptional goal and task that the Credit team has embarked on for
financial relevance in the blockchain marketplace.
The Credit Platform is a new crypto
currency designed for the decentralized Ethereal wallet. It focuses its design
on areas of financial transaction speed, privacy technology, smart contracting,
IP security and data protocol management among other design concepts.
It is based on an overall model system
and a modular design for users in general. This is a functional classification
that focuses on the financial industry such as banks, many and other financial
service providers in general. The Credit System is designed on an algorithm
that focuses on speed, security, privacy, network reliability and transparency
around user functionality.
CREDIT is a decentralized financial
system for direct interaction between participants based on peertope (P2P — equals). This platform
expands the potential use of financial services based on a distributed
registry, self-executing smart contracts and crypto-currency CREDIT. The
system is designed to unite all participants in one place, giving them a
platform for creating and using financial services, where everyone can, how to
offer services, and use them. Thanks to a well-defined and balanced technology
system, the CREDIT platform can offer new technical solutions and new
conceptual models of network participants’ interaction for the development of
modern decentralized financial services. On an open platform, users and
companies can create online services, using blocking protocols.
The 4 main features of CREDITS
·
HIGH VOLUME-Over 1,000,000 transactions per second, with
future scalability up to 10,000,000 per second
·
LIGHTNING-FAST PROCESSING TIMES-Slightly around 0.01
seconds per transaction
·
INEXPENSIVE TRANSACTION COSTS-Allegations, from about
0.001 USD
·
SMART CONTRACT CAPABILITY-New, advanced functionality
with easy interface developers and program capabilities
CREDITS solves the problem of speed and cost of
transactions and expands the potential use of blockages in the financial and
Internet industries.
- Blocking up to 1 000 000 transactions per
second.
- Average processing time is 3 seconds per
transaction.
- Transaction costs are very low.
This is the power structure of the Credit
system design. Basically, just look at the speed and dependability of the
system technology structure. Credit runs at incredible super high speeds of
1,000,000 transactions per second, with processing time of three (3) seconds
per transaction. The Credit system is scalable and designed in such a way that
it can make decisions through the design knot structure. This is the state and
functional order in which all types of transactions conducted by the user are
done quickly to meet the design specifications.
After starting the working version of the
system, a total of 1,000,000 copies of CREDIT will be issued. They will be
redeemed with a standard token issued by ERC20 on the token’s primary sale.
Exchange will be made at a fixed exchange rate: 1 standard token ERC20 = 1
currency CREDIT.
Furthermore, the blockchain model and the
Credit paradigm are designed to enable low cost financial transactions at the
aphid aphid kite. This makes the Credit platform very useful for all
stakeholders of the financial industry and a great place of business
proposition that is more profitable.
The Credits team has designed Credits based on
internal crypto currency credits using a federal vote algorithm node for all of
its speed functionality. It also allows the user’s ability to create online
financial services to meet and implement blockchain protocol utilities.
the
introduction of a useful and important Credit on blockchain will have a
tremendous impact on the block kiosk. Presale and ICO will start in November
2017, with user registration and purchase options available at www.credits.com.
Therefore, all users and users end up having to buy as many tokens to maximize
Credit profits.
About Revolution Efforts From Credits
Reducing
processing time is provided by transfers to the main node where they are
processed and recorded in the ledger. Each node can be mastered or trusted no
more than once.
To improve
data security and other performance indicators, the Credits platform uses its
own combined consensus protocol, as well as stored search algorithms. A working
prototype has been completed which confirms the project team's serious intent
to create a viable product for the financial markets. Find out more on their
official website https://credits.com/.
The
project launched ICO in November 2017. The total number of tokens is a billion.
The growing market and the lack of working analogs promise good prospects for
growth. More and more countries are showing an interest in crypto legalization.
This means the time is near when financial institutions and regulators should
seriously consider and modify their activities. Retraining of large-scale
personnel, new professions and new opportunities await in the future.
Why
Blockchain Takes Leading Places in Finance?
The
complexity of remittances in today's world is not only a concern of duration,
but also of high commissions. Payments for transactions are often too large.
Making a transfer from the United States to RF or from France to Australia is
not a low cost pleasure.
It all
depends on the transfer amount, but the commission averages $ 30-50. And all
thanks to SWIFT, whose security has long been threatened by the scandal of
stealing large sums of money from the Bank of Bangladesh.
In addition,
Iran was cut off from SWIFT at the time. There is nothing immune to repeat this
scenario with its own example. Blockchain solves this problem through the
lowest possible commissions, high transaction speed and full protection from
money.
The full
protection of Bitcoin is proven by thousands of hackers: no one has managed to
hack into the block's main block for more than eight years. Not in vain the
blockchain was often compared to a stolen safe.
As long as
the bank still spends a lot of money and energy checking customer data, blockchain
is concerned with the security of transactions only by its existence. Currently
the technology is as safe as possible. Still many promising projects like
Credits are trying to make blockchain more secure.
The
revolution is made by a specially crafted platform, among which one of its
prospects is a Credits. In particular, the developer of this project utilizes
Bitcoin and Ethereum technology, combining it into a single unit.
The
new algorithm is capable of reaching a large number of transactions per second
with minimal transaction commissions. Up to 1 million transactions per second
will likely be the only market offer that way. Blockchain Bitcoin is slower
every day, and the 'weight' of blockchain grows easily. If you have entered a
blockchain transaction for several years, you must have noticed the speed of
transaction reduction.
Token Sales And Distribution
PreICO will start on October 25
We are offering our participants a total allocation of 2% from our overall token supply.
The total number of tokens in circulation may vary, depending on the actual amount raised during Token Sale:
We are offering our participants a total allocation of 2% from our overall token supply.
The total number of tokens in circulation may vary, depending on the actual amount raised during Token Sale:
Soft cap for the 1st round of ICO is 80 000 ETH,
Hard cap for the 1st round of ICO is 120 000 ETH,
But in any case 2% of tokens will still be designated to the bounty campaign
1 600–2400 ETH
1 ETH = 2 000 CREDITS (CS)
Total number 100%
2% for bounty
2% for
15% post prize for founders and
Operating team 5%
1% for advisors
75% for Pre-ICO and ICO
Bonus campaigns for PRA-SALE purchase
Bonus for PRA sale — 30%
Hard cap for the 1st round of ICO is 120 000 ETH,
But in any case 2% of tokens will still be designated to the bounty campaign
1 600–2400 ETH
1 ETH = 2 000 CREDITS (CS)
Total number 100%
2% for bounty
2% for
15% post prize for founders and
Operating team 5%
1% for advisors
75% for Pre-ICO and ICO
Bonus campaigns for PRA-SALE purchase
Bonus for PRA sale — 30%
Author: Imsuparmin
For a more detailed explanation you can visit:
Official
website: https://credits.com/en/ICO: https: //credits.com/en/home/ico
whitepaper:
https: //credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
twitter:
https: //twitter.com/CreditsCom
facebook:
https: //www.facebook.com/Creditscom-1488549834790421/
telegram:
https: //t.me/creditscom
linked in:
https: //www.linkedin.com/company/13370238/
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