Topic: [ANN][ICO]🇨 Crypterium - Digital Cryptobank with Credit Token & Open Platform🇨 - page 165. (Read 125733 times)

f you hold CRPT in your Crypterium App and you also spend them (for example, by making crypto-to-fiat payments), you are part of MLP. This is done to encourage spending 😃
 
Crypterium loyalty program is based on cashback (tokenback) facility and operates according to the common rule applicable for all user categories: the more crypto-to-fiat payments you are making within a month, the greater your loyalty reward shall be next month. Individual reward is also depends on user category. However, user personal activity is a key driver of reward size. Token holding itself generates no benefits, if no transactions are performed by the token holder (this user shall not be rewarded under Crypterium loyalty program).

Currently, the loyalty program assumes 4 categories on the basis of CRPT balance in Crypterium app*:
1) Bronze – no tokens available,
2) Silver – tokens under 8000,
3) Gold – tokens under 25000,
4) Platinum – 25000 tokens and greater.
*Minimal balance of CRPT tokens on the Crypterium account within a full calendar month.

Crypterium user tokenback shall be distributed through an independent monthly loyalty fund (MLF). A specific part (based on Crypterium’s margin generated by a specific merchant) of every crypto-to-fiat payment made via Crypterium in the currency of payment shall be allocated to the general loyalty fund. Then Crypterium shall openly acquire CRPT tokens available in the secondary market for the funds generated during the month. These are our marketing expenses to promote and improve user payment activity. Subsequently, MLF shall be split into 4 parts based on 4 user groups (Bronze – 5%, Silver – 10%, Gold – 35%, Platinum – 50%). Finally, tokens shall be transfered to a Crypterium’s user account as a proportion to his/her user group fund. This proportion shall be measured as follows: proportion of all crypto-to-fiat payments made by a specific user within a specific month from the amount of crypto-to-fiat payment generated by the entire user group for a particular month.

Crypterium loyalty program applies to crypto-to-fiat payments to merchants and does not cover all transactions preformed in the Crypterium service. Crypterium shall retain the right to change terms and conditions of unsecured loyalty program.

Thanks for your feedback.

There is no plan to release Crypterium source codes on GitHub at the moment. It’s hard to tell that a frequency or severity of hacker attacks depends on this. The security is strong and fulfill the most modern security requirements. Our application belongs to the category of crypto banks. We do not know examples when current banking solutions are fully laid out to public. That’s a not safe. There is one more thing that should be taken into account. We have our own developments on safety, optimization, data transfer, etc that should be kept private.

For security reasons, Crypterium’s functionality will be made available to its users in stages. We are planning to enable full access to Crypterium’s full range of options soon (reinstalling the app will not be necessary). The procedure of launching the app this way was implemented in the interest of our community.

If you would like to receive an invitation and start using the full version of Crypterium sooner, please contact us at [email protected] and provide the following information:
- How many CRPT tokens you have at your disposal;
- What kind of smartphone you have;
- Why it is important for you to start using the full functionality of Crypterium as soon as possible.

Our product requires a number of third party integrations including payment cards, exchanges, developers, etc. The core technology is now ready now.  It is  just a matter of putting all of the parts together in a way which is economically viable, for everybody involved. Functional capabilities of Crypterium will be added upon gradually. We cannot define any version as "full" because we are planning to update and expand our public features on a regular basis. If you mean the introduction of NFC and crypto-fiat transactions, it depends on achieving agreements with third party partners. We are in the final stage of negotiations with some of them.

3 months is not a long time to wait for results from an ICO project. I have been waiting for DENT for 6 months just because it can not be listed on any exchange that is bigger than HitBTC. Just for a minute rush, I gave up the chance of getting a x100 profit from DENT, only after I sold it for a week. Therefore, you should to wait more to see the value of CRPT increases. 6 months like DENT can be needed.

You didn't lose that money, just the value of coin has been decreased in the market that's why it is showing very low values. If you wait patiently for some more time you can reach more value which you didn't expect.

This project has competitors. Only still no one has made their product. Perhaps Crypterium will be the first. But always it is necessary to remember the risks.

I think in April there will be a big exchange going on with CRPT because I have kept the CRPT for 3 months and this really is a very long time since most big investors are leaving CRPT to invest in another ICO project but I will not sell and keep until the CRPT reaches $ 10 and will consider selling at this price.

Is the Loyalty program like passive income or we have to trade very often?
At the moment do we have to make actions as moving tokens to the platform or anything else or the MVP program will begin in the future?

Can someone from the team please clarify me the above questions?

Hi, this article is a good read  to understand Crypterium and other players in the market:

https://medium.com/@crypterium/crypterium-vs-everyone-else-dca07ac0902f

The development of the product is based on the timeline they follow but what makes the price boost is to get listed in big exchanges.
Actually they said they are already working on it but the control is not on the team but those who will list this token, I know we like to see it pump
but for now it's not timely, maybe they are waiting for the right timing.

They are working hard. But why do not they offer something to boost the market? Are they skilled enough to make it a good coin?

For example, what are the real competitors now?
I think now there are no worthy competitors to them?

Not the answer I was looking for but thanks for the comment

For this and for other recent ICOs - projects is very early for someone to know which company is going to succeed.
The ideas may be great but if the people behind those companies cannot fulfill the desired target the project will fail

So it has to do with "luck" at sometimes
Look at Populus, the price went from $100 to $25 just from a FUD...

This is my opinion of course

Not the best investment on this market. This industry have alread a lot of competotors. Sir, yo should take a look on TOP 100 next time

I bought crpt at ICO period but just a small amount. Until then I bought more at a range of low prices and probably will buy more at lower prices. In a certain amount of days i will be holding enough to be platinum member.

I have read the rules about the Loyalty program and the cashback for holders participating on it but I cannot not understand what must be done (except the number of tokens) in order to receive cashback...

Also, is the Loyalty program like passive income?
At the moment do i have to make actions as moving my tokens to the platform or anything else?

Can someone from the team please clarify me the above questions?

Thank you

3 Tools All Serious Cryptocurrency Traders Must Include in Their Toolbox!
https://www.financemagnates.com/thought-leadership/3-tools-serious-cryptocurrency-traders-must-include-toolbox/

You should have been aware of all the risks associated with buying cryptocurrencies. The market is manipulative and you can lose everything. Do not invest all your money here

LOL!, you must be new here, I've been here when bitcoin was less than $1,000 and I was so happy last year because it pump
and almost reach 20K dollars. If we really believe in crypto, we have to be strong when tough times come, only our hope that it will recover
will help us not to panic, believe me, this will again rise and that time we will see a better price compared to last year.

I already lost a lot of money man, and I don't know if holding is going to help me recover or not. I feel like this is not the bottom yet and lots of people are saying it will go to 3000$ per BTC, Altcoins are going to be worthless if btc goes down that much.

Unless everyone can see your code to verify that the security is strong, it is security by obscurity, and every security researcher and organization doesn't recommend it, e.g. "The National Institute of Standards and Technology (NIST) in the United States specifically recommends against this practice: "System security should not depend on the secrecy of the implementation or its components.", from https://en.wikipedia.org/wiki/Security_through_obscurity .

Here is an example of an open source banking solution: http://www.fintp.org It doesn't make sense to say that it is not safe. The opposite is the case: if everyone can see and review your code, you can get feedback to make it more safe. Otherwise bugs might be only found by black hat hackers.

Another big example of an open source financial system that works perfectly is the Bitcoin network. Traditional closed sourced banking is a dinosaur and I thought with the start of Bitcoin this was extinct.

Another famous open source example for banking is Paypal, see there github repository: https://github.com/paypal While they might not have released their core server code (but I didn't examine all 155 repositories they have), they have lots of source code available for third parties to integrate Paypal.

You plan that webshops can integrate Crypterium. You should at least have open source code so that webshops can do this easily.