Daily Archives: December 25, 2017

The Development of Crypterium as Cryptobanking for The Future Digital Payment

Published by:

The enhancement of technology brings the innovation in each part of life. Every development, technology is designed to pamper people by simplifying every activity that should be completed by humans. One of the innovations that are overgrowing is the shift of cash payments into digital payments. The volume of transactions with digital payments continues to experience year-end warnings. That encourages the emergence of platform innovation to simplify and improve transaction security.

Payment solutions have begun to be developed without contact. Hosts that have provided this service include Google Pay, Ali Pay, and Apple Pay. Other solutions offered are mobile approaching methods such as NFC and QR codes. Cryptocurrency becomes one of the systems with a relatively rapid development. Similarly, the crypto economy is expected to grow to a value exceeding three trillion dollars.

Cryptobank is a solution launched by Crypterium in digital transaction troubleshooting. Cryptobank is engaged in services to provide the overall, benefits of cryptocurrency. The advantages of the crypto bank are low transaction cost, high transaction speed and guaranteed level of security. Crypto users have reached three million people.

The crypto banking app will be launched for iOS-based smartphones, windows, and Android. Unlike conventional banks that require cards to transact, the crypto bank needs only your smartphone. Currency used crypto-based and fiat with instant process engine. Later each user can make fiat-based payments without having to have transactions in advance.

The crypto banking platform has been under development since 2012. The bank’s crypto application is planned to be used in the first quarter of 2018. The token payment pre is commenced for Crypterium development. The initial CPRT token payment will reach 210 million tokens. The specified value is 0.0001 Bitcoin for one CPRT token. Token sales will begin in late October 2017 and will last for 75 days.

You may visit the official websites and social media of Crypterium to have the further information about the platform.

The official link to Crypterium:

 Social Media:

The Crypterium Token (CRPT) As The Power Of Decentralization

Any transaction that occurs in crypterium will use CRPT as a sign of agreement. Each token holder is recommended to use a CPRT token in performing daily activities. Therefore there will be no agreement without using CPRT. In the future, CPRT will be used in cryptocurrency exchanges.

The rules in the platform are that everyone using the facilities in Cryptobank must use CRPT as payment. CRPT can also be used to form a reserve of funds that can be used for the future. With the concept of cryptocurrency applied to the Crypterium platform, each transaction is transparent.

The running system has been integrated with every transaction that happened. That will make every transaction can be completed very quickly. The algorithm applied in the Crypterium platform allows each member to exchange, purchase, and sell cryptocurrency with precise and accurate conversion calculations.

Until now the use of banking services enjoyed by the users has specific tariffs to be paid. Within the Crypterium ecosystem, the volume of transactions created will create a high loyalty that allows for the awarding of specific rewards. Developers will highly appreciate platform use loyalty. Tokens owned by holders are expected to increase over time. The addition of a token value has several benefits for token-holders.

  • High-value token owners can have priority to enjoy every service offered within the platform.
  • A limit on the number of users will be applied within the platform as the specified hollow to reduce the possibility of fraud within the platform.
  • All users can use the core services that are deployed on the platform without any additional cost. However, specific functions may require other fees for their use.
  • The token holder may receive additional facilities in the form of a discount in using a paid service. That will allow each user to increase the number of tokens they have.
  • Traders who have tokens may use paid platforms by obtaining a discount on the applied rate. The cost details will be different which will be based on the launch date of the solution.
  • The additional benefits of each token product are highly expected by a growing company.

Offering all the advantages that meet the need for platform innovation that supports digital transactions will make crypto banking a much-awaited presence. Therefore, every prospective user who wants to enjoy every facility will undoubtedly contribute to ICO token sales. The contribution is needed so that development can be implemented until the launch of the application.

The Crypterium ICO Token Sale for Developing The Platform

The ICO event is addressed to potential users of the Cryptobank platform. The purchase of a CRPT token can also be performed on this sales event. The use of CRPT tokens will follow the standard Ehterum market with intelligent token contracts. The CRPT token has an indefinite period established within the blockchain.

The European Union is an institution that houses Crypterium. Its headquarters are located in Estonia. Applicable European regulations can ensure absolute accountability and total transparency of any activity occurring within the Crypterium ecosystem. The launch of the company report also did not escape the supervision.

Estonia was chosen because it has a high-profit rate for the development of an innovation platform. Based on data Bitcoin.com, Estonia also included into the country that was ranked first. Estonia is a country that actively supports the development of cryptocurrency. This opinion is reinforced by the establishment of Bitcoin-ATM in Estonia.

The user activity of the CRPT token holder can be awarded by the developer with the availability of various benefits that can be used. The number of rewards earned can be calculated based on how much activity and ownership of each user’s token in the ecosystem. CRPT purchase does not have the same nature of stock ownership or the like so that most token owners have no particular influence in policy-making within the Crypterium ecosystem.

Token distribution is done by direct means. Payments made by participants in the ICO period. Payment token probably not be separated from the terms and conditions imposed in the sale of tokens. ICObox supports the development of Crypterium platform. To improve security, developers work with blockchain. Token distribution in pre-sales will be used as a cost source by using CRPT token.

The provisions on token sales have also been described on the official website of Crypterium. You can even read whitepaper from this platform. To see updates from token sales and distribution developments, it’s easier if you follow the official social media of this platform. Knowing well about the project that you will support will be the essential thing.

The Token Distribution with Bounty Structure

After assigning the value of one CRPT equivalent to 0.0001 BTC then the next step is to know how the token will be distributed in the development of the platform. Distribution will be done with 9% division for team founders, 3% for advisors, 3% for Bounty campaign, 15% for the reserve fund and 70% for contributors.

Contributors are intended to distribute the number of ICOs to the entire community. The reserve fund is expected to finance loyalty purpose and marketing. ICO management and platform founders also got a share of the token contribution. Other than that the partner adviser is also entitled to get funds from grants. The marketing campaign team also has the right to receive awards.

The focus of Crypterium is to create rapid adoption products. Efficient mass scale transfer will help reward CRPT holders. The token purchase can be made during the ICO event period which will last until January 25, 2018. The transfer method can be done with BTC, LTC, and ETH. However, specific tokens purchases will be discontinued within ten days before the end of the token sale.

The main thing that became the key to the success of the ICO event was marketing. This section is critical because it is responsible for introducing Cryptobank and all the facilities available to all potential communities. CRPT tokens allocated to marketing have also been determined from the beginning of the ICO assignment.

Determination of the allocation of funds from the beginning can be seen on the whitepaper that has been prepared by the developer. The whitepaper is intended so that every potential investor can know the concept of the system offered. Descriptions of the ICO census have also been established complete with the distribution of funds. The roadmap of the project development along with the development team will also be described in the whitepaper. Clarity of the content of whitepapers to be one of the determinants of the project will be taken into account by investors to participate in token sales events.

Token Sales Event, Dec 25

The problems that arise in the practice of digital transactions must be addressed. Crypterium comes by offering solutions that are becoming a revolution from traditional banking to digital banking. The concept provided can be integrated with all technologies including smartphones. All the conveniences for life are one of the goals of developing an innovation platform. As a potential user, you can now participate in token sales events as a form of support and approval for the establishment of this platform.


Source: https://www.shoppica2.com/the-development-of-crypterium-as-cryptobanking-for-the-future-digital-payment.html

BANKEX With Proof-of-Asset Protocol As The Business Problem Solution In Digital Era

Published by:

Technologies become something that is continuously improving our lives. The purpose of the existence of technology is to make our lives easier, more efficient and effective for doing things to minimize energy and time. BANKEX comes to offer those benefits to us. You might ever hear about this one. BANKEX Proof-Of-Asset Protocol (POA) is a decentralized capital market and create a new system to decentralizes assets and contracts. The development of this system is supported by Artificial Intelligent and Internet of Things.

BANKEX combined team of developers, scientists and product managers who are capable of building innovative products on blockchain to create a strong team. Proof-of-Asset Protocol can be defined as a system that solves the problem of assets. It can be solved even when the problem is not understood by liquidity. How does this work? PoA uses a mix of Bank-as-a-Service and blockchain technology. In a simple explanation, BANKEX takes clients assets to change them or convert it into money. Bankex builds as the business problem solution in digital era.

Cases and Technology Used in BANKEX

  • Proof-of-Asset Tokenization

BANKEX makes the possibility of a new capital resource for real assets through decentralized public banking. They already released a demo version of their products. PoA provides new resources including real asset in FinTech platform crypto centric. They have made MVP products and giving new insights of a business solution. A simple example is when you have two cars, and you want to get income from it, Proof-of-Asset protocol will help you tokenize both of your cars and getting money from it with protecting your investment with secured assets.

The first step is after you use MetaMask, you can choose which smart assets that you want to create. Right now, there are three types available: car tokens, real estate tokens and Apple device tokens. After choosing it, you will be directed to registration form needed to provide some beginning information. Let’s say; you have chosen car token, here you will fill all the information required for cars that you want to tokenize. Don’t forget to fill your contact as well.

All the information you have filled are recorded in the blockchain. Next, the step requires MetaMask to pay the transactions. Robsten Eter will be achieved if you have a GitHub account. There is an alternative solution because this method could be problematic for some people. Users can receive a small amount of Robsten Eter test from us.

After making smart assets from particular types, you will be directed to a new page with a more detailed description. Some QR codes will be shown here, showing smart contract address and transaction address. This QR code is necessary if you want to input additional data into the asset using cellular application. In this version, the application duplicates sensor of the Internet of Things.

The cellular application is fully optional; this smart asset can be created even if the data from IoT is not included. But, IoT data used to get information accurately about the asset and as for the result, to improve the accuracy of asset evaluation. Scanning QR code can use cellular application. You give asset number to make the possibility of application identify asset needs to be attached to IoT data. If some data sent through an application, you can collect it on the page of your smart asset. There is a button for this operation. All of IoT data recorded in the blockchain.

The result of value depends on validation result. IoT will help us to prove the authenticity of information given. Data from IoT includes geolocation, photo, and another sensor data. The next step is evaluating asset then release the token to a market. You can also share your smart asset to social media platform on your phone. Finally, you’re just made a smart asset and welcome to find the business problem solution in digital era.

  • The Implementation of Plasma Protocol on Bankex System

BANKEX did an amazing job in developing the implementation of plasma protocol. They are releasing an evidence about the Exchange network of Plasma Protocol ETH concept. What is the function? It is designed to create ETH delivery transaction cheaper and efficient. There is multisignature or no smart contracts transaction allowed in this blockchain. With the use of block structure, algorithm and transaction can reduce transaction cost and makes it more efficient.

Up until now, Ethereum can do until twenty transactions each second. Also with the continuous development of ethereal, transaction cost keeps increasing. BANKEX team on industrial sector improves the private blockchain that supports Plasma Protocol. This is the first blockchain in the world which published for public audit. The good news is, BANKEX gets feedbacks directly from people. According to Vitalik Buterin, BANKEX gives the solution to increasing the transactions up to 100.000 per seconds without cost on almost all transactions. This would not be exaggeration if we called Bankex as the business problem solution in digital era.

  • Mortgage Bond Contract PoC

The other technology is, BANKEX released a demo of how to make the Mortgage Bond Contract. It is a demo for the generator of BANKEX Mortgage Bond Contract. An achievement is obtained by us for winning the first prize attended by Vitalik Buterin judges in Hackathon Blockchain in Kazan (28 August 2017). The use of this application is to make the possibility of household or real estate owner to make this contract.

From this demo, we will guide you through every step that you require to understand for create the mortgage contract. With some modification on it and closing mortgage agreement after all the obligations are fulfilled. The transistor of mortgage contract into blockchain format is the interesting development in fintech. Right now for starting and changing interest rate in a mortgage it needs borrower’s signature, Pledgee and a representative of the institution (in this case is Depository) and the State Registry. It means that all parties involved must attend the local office.

This action requires a lot of time and energy to coordinate, and might be a pleasurable process. This is where the generator of BANKEX Mortgage Bond Contract is needed. It makes the process more efficient and more simple, without any needs to direct meeting. With this way, Borrower can obtain a mortgage from the field, and all of the parties capable to control it from far.

The concept of plasma protocol is to build blockchains that controlled by some high blockchains and the possibility of solutions to scalability problems. (in this case, Plasma PoC of Bankex controlled by main Ethereal network). In here, BANKEX believes that increasing of efficiency can be reached by disassembling some of the transactions from Block Etiquette to Plasma Chain, first if given the incentive to Plasma Operator.

The other benefit is an implementation of flexibility Plasma network allows you to do an evaluation effectively by contract in the parent chain. Through adding the new primitive cryptography in Metropolis. Someone can widen the implementation of PoC with a transaction that benefits xkSNARKs ring to final privacy user. Our PoC with transactions that utilize zkSNARKs signature for end-user privacy. Based on these benefits, it’s feasible to call Bankes as the business problem solution in digital era.

  • BANKEX Trust Service

As the business problem solution in digital era, BANKEX provides the trust serves as a secure decentralized Agreement and Transaction. It’s a developed technology of Trust Service to save and confirm transaction in a blockchain. A year has released an alpha version of Trust Service, a handshake that decentralized to save the details of agreement and transaction in a blockchain.

The meaning of Trust Service itself is an Ethereum model possibles to certain parties of making and accessing money transfer decentralized and additional important information for detail transactions such as contract condition. The purpose is to preserve and confirm identity and condition of transactions, contracts or blockchain interactions to independent verification in a distributed network.

Nowadays, most transactions blockchain made without any agreements tied. If you knew the person personally, it would be okay, but if you don’t, and you just sent someone an access code to your wallet maybe it will be a kind of dangerous. If you transfer some money to other people, make sure that you will get what you have agreed to pay.

Trust Service from BANKEX also facilitates the making of “transaction stains” that installed in the blockchain. Documents photo or even screenshots from a chat room in Telegram, a user can install until ten documents in any formats, including data files, photos, PDFs, or legal agreement that actually for confirming facts regarding conclusion and terms & conditions. Information about location and participant identity in transactions can be added to close the agreement confidently.

In a simple explanation, Trust Service give trust to both of parties in an agreement and transaction without intermediaries like notaries and legal professionals. With Trust Service, the parties not only receive notes from transaction stains but also make sure that their privacies and securities are safe. The data will be saved in a Microsoft Azure Database, guaranteed safe and cannot be accessed by other people except the owner of a cash transaction.

BANKEX Trust Service makes use of Proof-of-Asset protocol, and it’s a type of development product and implementation of tokenization technology BANKEX asset. The purpose is to make the possibility of people and companies conserve and confirm the condition of the transaction, contract, or another interaction to advanced independent verification in a distributed network. It will protect both parties facing the possibility of document loss, many forms of violation contract regarding the condition of agreement and fraud.

BANKEX is set to be a mega ecosystem in a field of asset market. This thing happened because liquidity in asset market is not too accurate. Provide the accuracy will be one of an important point fixed by BANKEX as a platform looked by an investor. With the combination os, some technologies like Blockchain, IoA, IoT, and PoA continue to perfect BANKEX as a solution to all of the problems happened right now in the traditional asset market.

For more information, please follow this link below:

Social Media:


Source: https://www.yops.in/bankex-with-proof-of-asset-protocol-as-the-business-problem-solution-in-digital-era.html