Topic: [ANN] CRYPT by SINTEZ - Monetization of new generation (Read 245 times)

[UPD]




Best Regards
SINTEZ LLC

The calculation formula is calculated on the basis of the "entered amount" multiplied by the ROI. The calculation of ROI is presented on the 3rd screen of our website, in the same place as the calculator.

Costing numbers are in beta mode, and will be corrected closer to launch.

Hello, I'm also a 5 YO child.
What is one factor that has always caught my attention about new projects is the addition of the profit calculator feature.


I've asked in the bounty thread (before this ANN was created)", because at a glance your platform will give us definite advantages.

I don't fully understand this calculation formula yet, so I take a simple questions (5 YO child's questions). What if the resulting numbers γ, ω and μ are 0?

For your questions:
1) We are not going to develop extensions or a web browser, because CRYPT is an extension for any web platform, be it a market place or a social network. CRYPT is an extension that allows web platforms to be monetized in a new way, without interfering with third-party monetization systems such as advertising and paid functionality. You can give a simple example, let's say a site selling airline tickets connects CRYPT, then users of this site can not only buy a ticket for real money, but also “generate” a ticket by providing the power of their PC without transferring personal data. 70% of generated funds by the user - is redirected to the platform holder, 30% is redistributed between all CRT token holders (CRYPT), depending on the quantity.

2) There are two scenarios in our WhitePaper: SoftCap and HardCap. If we build a soft cap, then we focus on integrating CRYPT in a third-tier company. These are small companies but with great potential. We will gain a critical mass of companies from the 3rd echelon, move on to connecting the 2nd and hope to get to the 1st (VK, FB, STEAM and so on) A detailed softcap scenario is described in WhitePaper.

If we collect HardCap, we are probably a crypto, we begin to develop our own social network PlaySintez. It is unique in that the CRYPT mechanism will be used as the core in conjunction with other innovative mechanisms that are described in detail in WhitePaper.

Thank you for your feedback and your questions, we really appreciate the active users and their opinions.

Best Regards
SINTEZ Team

First of all, I read your whitepaper with looking 30 seconds to each paper. To be honest, I didn't understand the working mechanism but the whitepaper is created with paying attention to every detail,especially design is A+
Now, my questions:
1) Is the whole idea to create an extension or web browser? Because you said, the installed file will ask from the user to accept it or ignore it after the first launch.
2) Will you create a special gaming site or social media for mining? Or you will use existing social media sites? But how you are supposed to integrate those giant systems(FB,VK,SM)? Explain to me like I'm a 5 year old Thanks and good luck to team!

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What is a CRYPT? - It is a miner program that works through an Internet browser, optimized for integration into social networks and other web resources.

How does CRYPT differ from other miners? - The thing is that CRYPT works  from an Internet browser and is managed from it, and it is much more accessible to the end user.

How exactly is CRYPT more accessible to the end user? - To answer this question, let's take two comparative examples:

The first example: a user is eager to be engaged in mining through a regular miner. To do this, he will have to:

     
In case if everything is done correctly on the first try(extremely unlikely), the mining process will start. Even an experienced user needs a day or two of “picking” on everything mentioned above. The average user will be more puzzled. All indicators of mining efficiency and productivity are output in conditional numbers(hashrate), and the user needs to find a hashrate calculator on the Internet in order to calculate the expectations for the benefits of this process.


The second example: a user logs into a social network, goes to the appropriate section, and starts the mining process with a single click. If the user is new to this section, instead of the conditional "start" button, he will see the conditional "install" button. A few clicks and half a minute, everything is ready, the "install" button is replaced with the “run” button. The installation is only the first time, and when the user logs in again from the same PC, he will immediately see the “start” button. Next to the launch button, the user's current balance will be displayed, and after launching the system, the expected profit figures for the day, month, and year will be displayed (in rubles or dollars). In this case, the user, basically, does not need to understand what mining is. He just generates money while he is engaged in any activity using his PC.

The difference in the complexity of both examples is so large that for the sake of the conditional 0.4$ per day that he can get from an average PC, the user  won’t bother himself with the first example. But if we add the “generate money” button to the environment that is familiar to him, why not? Payment for online games subscriptions, Internet payments, mobile phone payments, all of these are covered without any problems by the amount that the user will receive thanks to our tool.


Does the user need to register in wallets or mining pools? - No. The user is already registered in the social network. We link his balance to an existing account.

How complex is the procedure for the first launch of our system that requires installation? - The user clicks on the "install" button, after that, the browser will offer him this file to "run” or just "download". The user clicks on the "run" option. The browser automatically downloads and launches our file (in a matter of seconds), after that, the operating system asks the user to “allow” or “prohibit” the launch of this file. After clicking on "start”, all further installation processes will be performed automatically. As soon as the program is installed (it will take the same few seconds), instead of the “download "button, the “run” button will appear on the user's social network page.

What kind of digital currency will users generate? - The one that is generated most effectively on the user's configuration when converting to a Fiat currency like euros or dollars. If the owner of a social network needs to force users to generate a certain currency, even if it is not the most profitable for exchange, he can configure the system so that users generate exactly what he wants.

Will the digital currency be accumulated, or will it be immediately converted to a Fiat currency? - Depending on how the owner of the social network sets up our system, there will either be an accumulation of digital currencies created by users, or there will be an automatic exchange of collected funds to the Fiat currency at the current rate, for example, once an hour.

Will the mining process stop if the user closes the social network tab, or the Internet browser itself? - The mining process will stop. However, we allow the user to put the appropriate check mark in the CRYPT settings, after that, mining process will be continued even when the browser is closed, until it is actually disabled through the newly opened page with the social network.

Mining is a resource-intensive procedure for a PC, it recovers most of its computing resources; will the user's PC be slowed down? - No. Our development has the ability to work in low priority mode of resources. As soon as the user starts another resource-intensive application, CRYPT will give them the necessary part of the PC resources for smooth operation of the application. We also allow the user to configure the module so that it works, for example, only when the user is not using the PC.

What will we show in the demo version? - A dummy site, where the user will be registered on a copy of a conditional page from a conditional social network, for example, we will show what our module may look like in this very network. The main part of the described program functionality will be available in demo version, from this page (play.sintez.io)

How exactly is our CRYPT module positioned? - A decentralized system of crypto monetization.

What kind of resources does CRYPT utilize? - If the module detects a video card in the system, it will be used first. If there is no video card, the module will utilize the resources of the system's CPU.

If we compare crypt directly with existing monetization systems in social networks, how much more effective is CRYPT? - Hundreds of times.

What kind of monetization systems are currently used in social networks and other WEB resources? - Advertising and paid functionality. CRYPT, by the way, does not interfere with the work of these systems, but complements them.

How much profit will users generate if CRYPT is integrated, for example, in "FB"? - If every hundredth FB user uses our module, about $12 billion will be generated over the year at current rates.


CRYPT may not only mine crypt currency but also work as a supercomputer - RESOLVER by SINTEZ, solving various resource-intensive tasks for crypt currency. At the alpha testing stage, RESOLVER can already accept Render scenes as an order from Blender. If there is a custom task for calculations, it is divided into many small ones and distributed among the system free “machines”.

From the social network user's side, the functionality of the RESOLVER looks like a notification that a custom task has been received (the generation process will be visually changed, showing the user that he has received a "premium" task) and the user will get a minimum of double remuneration for its completion, relative to mining for the same time.

Taking into account the double remuneration and the SINTEZ percentage, the price for using a RESOLVER is negligible and can not be compared with any of the existing competitors; in this case, render farms and companies that provide services of this kind.

Thanks to the RESOLVER, the CRYPT system can fully function, even if mining ceases to be relevant as such.

RESOLVER is developed with a partially open API so that third-party developers can train the RESOLVER to solve new tasks(the ability to write plugins for the supercomputer and add plugins to the RESOLVER library with the help of the authorization system).

If a third-party developer’s plugin successfully passes the RESOLVER verification stage(thorough verification of the code and its author), it is added to the RESOLVER library. In this case, the author of the plugin receives a small percentage of all completed tasks that passed through the plugin.

All detailed information about the CRYPT by SINTEZ project can be found in our whitepaper, which is available at the link below:


We will be happy to answer all your questions