Crypt-ON is a P2P platform built on blockchain technology to provide safe and secure trades in cryptocurrency.
Crypt-ON is aimed at a wide range of users—from beginner crypto-enthusiasts and freelancers to investors and managers of blockchain projects. This is a place where people meet, make deals, get loans for their projects, exchange digital assets for money, and look for work or performers for their tasks, all by using cryptocurrency for payments.
The Crypt-ON platform provides users with access to 4 services:
Service to assist in secure trades through an independent arbitrator (escrow)
It provides the ability to conduct any type of secure trade using cryptocurrency. The insurance of transactions will serve as additional protection of interests of all parties.
Service to assist in finding and obtaining loans (P2P lending)
It provides the opportunity to borrow/lend in cryptocurrencies on mutually beneficial terms without the participation of an intermediary. The use of a rating system that determines the level of reliability of potential borrowers will reduce the number of defaults to a minimum.
Service to assist in finding employment/specialists (crypto-freelance job exchange)
It provides independent professionals in the field of the crypto industry the possibility of finding remote work, and companies or projects—the possibility of hiring such specialists. The parties can directly agree on the execution of various types of work, using the cryptocurrency in their calculations.
Service to assist platform members in P2P cryptocurrency exchange without mediators.
It provides users with the opportunity to exchange cryptocurrency for fiat money between themselves directly without the participation of an intermediary, using geotargeting to find contractors in their region.
In P2P systems, people interact directly, without an intermediary, and solely on the basis of the consent of all transaction parties. Crypt-ON implements this model of interaction on the basis of smart-contracts in which the terms of transactions are fixed. In parallel with the use of a reputation token (trust token), which displays the trust rating and the system of independent arbitration, this allows the reliability and security of transactions.
Users of the Crypt-ON platform will be able to not only operate cryptocurrencies for their tasks’ implementation, despite the existing restrictions of state/financial institutions but also earn cryptocurrencies in various ways. With the transition of the platform to decentralized management – you can participate in its development and make important decisions of any level of priority and complexity – from making conclusions on disputed trades to strategic development issues.
The Crypt-ON mission is to unite people from all over the world who are involved in the crypto industry, allowing them to interact quickly and comfortably with partners in a variety of areas at all stages of cooperation.
The architecture of the system is based on the Ethereum blockchain. It accepts funds in a smart-contract and makes refund/payment of funds when two signatures from three coincide. Crypt-ON is a third party and engages as an arbitrator (through a system administrator/DAO delegate) only when it is necessary to resolve a dispute between the parties.
Crypt-ON performs as an arbitrator in cases when both parties choose it at the conclusion of the trade. In other cases, the arbitrator shall be external; it’s selected by the parties and agreed to by them.
With the transition to decentralized management, the functions of the arbitrator will be performed by delegates elected by voting of platform users/community members.
Token Generation Event (TGE) – the i-Point digital product tokens (IPT) release and sale in order to raise funds for the Crypt-ON platform development and promotion.
It will take place from 1.10.2018 to 21.01.2019 or until Hardcap, if it will be reached before 21.01.2019.
The i-Point token is actually a prepaid service for using the Crypt-ON platform, and its internal payment instrument. IPT will be used in payments for the Crypt-ON assistance services in Secure trades concluding; in the finding of employment/specialists; in the search for loans; in the cryptocurrency-to-fiat exchange between platform users/participants.
During the TGE, 200,000,000 i-Point tokens will be released.
- 20,000,000 i-Point tokens (10% of the total) will be distributed among the members of the Crypt-ON project team without the right to sell for six months.
- 20,000,000 i-Point tokens (10% of the total) form the transaction insurance fund.
- 6,000,000 i-Point tokens (3% of the total) will be distributed among bounty campaign members.
- 154,000,000 tokens will be sold during the TGE.
Softcap – $4 000 000
Hardcap – $16 000 000
Bounty campaign is a specific PR-action when a project is being promoted by its participants and supporters. Our campaign is open to everyone, you can join it right now. We begin our Bounty campaign on May 12, 2018 and reserved 3% of IPT tokens for it. You can join the campaign at any time, but the sooner you do it, the more bonuses you will receive at the end of the program.