KredX – KRX ICO Multi-Blockchain Cryptocurrency App Benefits?
"The KredX website mentions two different types of tokens available for use on the platform. There are Kredits (KRX) tokens as well as KredX Tokens (KRT). KredX Tokens (KRT) are designed to raise funds for the creation and development of KredX, while Kredits (KRX) run the KredX blockchain.
How Do Kredits (KRX) Tokens Work?
Kredits (KRX) have a total supply of 440,000,000,000. There’s a block frequency of 10 blocks per second, or 864,000 per day, with a daily emission of 38,016,000. The total supply of tokens will be reached in about 31 years.
Some of the key features of KRX tokens include egalitarian proof of work, adaptive parameters, unlinkable transactions, fungibility, ring signature, analysis-resistant blockchain, double spending proof, key images, full anonymity, and a double spend check.
Kredits are designed to be a private and anonymous cryptocurrency. Proof of work is egalitarian because it follows a strict 1 CPU = 1 vote system to ensure a balanced, decentralized network.
The KredX Token Sale
KredX is also having a token sale for KredX Tokens (KRT). Unlike KRX tokens, KRT tokens are not mined. They’re sold through the crowdsale. Funds raised from the token sale will be used to finance development of the platform.
The tokens are ERC20 tokens built on the Ethereum blockchain. The developers are accepting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, NEM, Monero, and ZCash during the token sale. Tokens are priced at $5 for 100 KRT during the first month, rising to $10 for 100 KRT by the end of the sale (month 3).
There’s a total supply of 440 million tokens.
The KredX Token (KRT) sale is taking place from October 3, 2017 to January 3, 2018.
Who’s Behind KredX?
KredX was founded in 2016. The company is led by Daniele Ronchese (Head of Blockchain Development), Gabriele Ronchese (Head of Marketing), David Rees (Head of Sales), and Neeraj Pandey (Head of App Development). The development team is based in India."
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"lordgunshaw
Jr. Member
Activity: 42
Merit: 0
Update : We are going to continue working on the src so that we are able to include many fixes. We are only set to officially launch in June 2018. So please be patient as we continue to work. We will update the src code in 4-6 weeks and then normal mining etc can resume. We will retain the blockchain up to 7257 so your work is not wasted. We are looking at many changes and taking everyone's opinions into consideration. Thank you all for your support and patience."
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Well who did you get the news from? No one on the KredX is active on any forum. only the bounty distributor give away bounty in tokens that where changed to KRX as per facebook post.
1.
KredX
March 24 ·
A reminder, your KRT tokens must be deposited into your KredX.io webwallet before 30 March 2018 to ensure that you are able to exchange for KRX coins
2.
KredX
April 7 ·
A big thank you to everyone who participated in the coin swap by depositing their KRT. Within the next 2 weeks we will update the KredX.io web wallet and activate some new features. Your KRX coins will be sitting in your existing webwallet account and will show after the update. It’s still some time until the official launch on 28 June 2018 but we get closer everyday. Thank you for your continued support.
What is this Joke. BTW "lordgunshaw = Daniele Ronchese (Head of KRX Blockchain Development) so if any one know more - is you. They kicked me out since they dropped the KRX cryptonote coin.
You guys collected 44000000 on KredX ICO . As far as I know the Project failed miserably, I just looked at the blockchain.
Now what - different coin and sale of tokens again. I am no longer involved, because they dropped the KRX cryptonote coin i was handling so I cannot say for sure.
On the KredX blockchain by the block 7257, I had 415.000.000 KRX = 41.000.000KRT .(You got this backwards, you bought KRT in the ICO and then swapped them for KRX coins(so I guess you did not participate in the ICO or you would have this straight), that's why i premined the 4.4 billion for the swap which will never happen now because the KRX coin has been dropped. KRT (ICO) Token, all that were returned were burnt as far as I know, I just looked at the blockchain.