Topic: [ANN] 🔥 CryptOcean - ecosystem, processing, exchange 🔥 - page 95. (Read 13528 times)

Now it is quite a difficult time for ICO projects, cryptocurrencies and bitcoin are again at low rates, there are many projects in the market without a working idea and legal study but with a huge budget for marketing, so we have secured ourselves and divided our plans not into 2 stages - soft cap and hard cap, but into 3 stages:   Light, Soft and Hard. In all three versions, the project will be able to develop, but with different speed and power.

I think this would make banks panic some lol. I genuinely think if they executed the ATM and Cards properly they would be the go to for different regions. Add the exchange on top they will be able to fuel various services that deal with fiat.

Typically, fees from 2% to 5% of the transaction amount - depending on the greed of the project. This is a lot, so many do not want to convert cryptocurrencies into fiat money. The most profitable way is to buy directly through cryptocurrencies.

I guess that makes sense regarding intensity more money means more ability too pour more cash into things like manpower and office space and get things moving at a faster speed than with a shortage of cash

It is true, I'm not entirely sure what these plastic cards will be used for#? I hope paying for goods and services aswell as cash machine - but not sure how possible that is with FIAT exchange etc

I guess governments wouldn't like it when you try to avoid paying your taxes this way.

If you can switch to the ATM anonymous cryptocurrencies in fiat, then 5% are still ok. After all, you can get paid out so your profits without the tax office notices something :-)

Now it is quite a difficult time for ICO projects, cryptocurrencies and bitcoin are again at low rates, there are many projects in the market without a working idea and legal study but with a huge budget for marketing, so we have secured ourselves and divided our plans not into 2 stages - soft cap and hard cap, but into 3 stages:   Light, Soft and Hard. In all three versions, the project will be able to develop, but with different speed and power.

I think this would make banks panic some lol. I genuinely think if they executed the ATM and Cards properly they would be the go to for different regions. Add the exchange on top they will be able to fuel various services that deal with fiat.

What does a light cap mean ? I never saw that in any Icos. Can they still move further with the project, if it hits only the light cap ?

If you can switch to the ATM anonymous cryptocurrencies in fiat, then 5% are still ok. After all, you can get paid out so your profits without the tax office notices something :-)

Typically, fees from 2% to 5% of the transaction amount - depending on the greed of the project. This is a lot, so many do not want to convert cryptocurrencies into fiat money. The most profitable way is to buy directly through cryptocurrencies.

I think this would make banks panic some lol. I genuinely think if they executed the ATM and Cards properly they would be the go to for different regions. Add the exchange on top they will be able to fuel various services that deal with fiat.

Will there really be a need for fee other than the normal gas fee that is involved with erc20 platform?? And secondly, how do they plan to solve the confirmation challenge that usually take a little while?

This is actually a daring concept and tasking as well, what this does is that it will place blockchain in the map for good in the world as having real life applications and physical resources as well

I believe so, the card can be used for all purpose, like a universal card for buying and selling, as stated on their whitepaper, so it will be like a gateway to purchase any cryptocurrency and get your conventional or fiat currency which can be transferred to your local bank account, the blockchain industry is trying to break that norm that they are just a virtual process but with upcoming projects like this, they are becoming more of a physical thing, which is lovely

That's a really good question. one can not expect from the users that they wait 10 minutes before the ATM or go in the meantime on a coffee. I'm really curious how this should be solved.

https://www.facebook.com/Cryptocean1/photos/a.366234977216506.1073741828.366230247216979/380220832484587/?type=3&theater
Users’ crypto accounts are presented as a separate service that allows users to conveniently and easily manage a variety of cryptocurrency wallets. In addition, if necessary, the service will protect the user from illegal tracking of wallet addresses and transactions, introducing the concept of confidential proxy-wallets, according to which an attacker will not be able to track the address of the sender of funds.

Another useful option is the opportunity to analyze payments and transfers, as well as to group accounts and wallets of counteragents. This will make it easy and convenient to find wallets and payment details for the next payment, view the history of transactions by time and counteragent. In addition, the user will be able to view and analyze the statistics of operations in different sections.

The keys to the wallets can be stored either by the user or by the service. To carry out automatic operations, upon the request of the service the confirmation will be required. For the convenience of users, it is possible to separate wallets: into those which keys are stored by the user, and those that are controlled by the service using a multi-signature.

The user can generate additional access keys to the wallet and add the option of managing them by the CRYPTOCEAN service and at any time the user may recall them back. The service guarantees the removal of user keys from their databases. However, in the latter case, the responsibility for storing the keys is entirely user’s.

The service offers a key deposit service, then the key is stored in a special secure database, without connecting to the Internet, access to which is possible only within the framework of a multi-step key recovery procedure (this function is not provided for transactions, it is only for the maximum security and safety of funds of the client/heirs).

With the help of the service, multifactor identification and confirmation of operations are configured - by entering the code received via an SMS, a mobile application or biometrics (fingerprint). The level of identification can be tuned for individual wallets or their groups depending on the established limits for the operations being conducted.

In the service it is possible to specify cryptocurrencies and wallets from which the funds will be debited in the automatic conversion to the fiat, the priority of keeping the cryptocurrency, the conversion strategy (for example, at first spend one, then another, or gradually write off from different ones).