Cybereits Rank 2165
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0 CRE

Cybereits
Cybereits
CRE

Cybereits $0.00134400
₿0.0000001778

16.41 %

24h Vol
3 BTC
$25,739
1 H
2.02 %
24 H
16.41 %
7 d
-9.21 %
Current Cybereits price is 0.0013 USD, and if converted to Bitcoin is 0.00000018 BTC. A total of 0 coin's are currently circulating in the Market. Cybereits price change last 24 hours is 16.41 %, for more info please view all cryptocurrencies. Over the past 24 hours 0.000 M US dollars Cybereits has been traded on Crypto Exchanges. Track / follow Cybereits's progress by adding it to your favourites by creating a free portfolio if you wish.
Full Name
Cybereits
Symbol
CRE
Algorithm
ETH Token
BTC Price
0.00000018 BTC
BTC Market
0 BTC
BTC 24h Vol
3 BTC
Total Coins Mined
0 CRE
1h
2.02 %
24h
16.41 %
7d
-9.21 %
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Description

Description


Creditcoin is a decentralized credit network that aims to make the bridge between investors and fundraisers. The platform will allow miners (investors) to earn the platform tokens by providing capital to clients, on the other hand, the clients will raise capital by paying Creditcoin to the miners. As the whitepaper reads:

"An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If is there an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal's completion by confirming the exchange of collateral and investment.Once validated, the system sends the CreditCoin attached to the investment to the investor."

Furthermore, miners will be able to select credit history parameters to be protected against various risk models.

ICO Details

ICO Details


)

Creditcoin is a decentralized credit network that aims to make the bridge between investors and fundraisers. The platform will allow miners (investors) to earn the platform tokens by providing capital to clients, on the other hand, the clients will raise capital by paying Creditcoin to the miners. As the whitepaper reads:

"An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If is there an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal's completion by confirming the exchange of collateral and investment.Once validated, the system sends the CreditCoin attached to the investment to the investor."

Furthermore, miners will be able to select credit history parameters to be protected against various risk models.

Creditcoin partnered with Aella Credit (Silicone-Valley backed company) that provides financial services to underbanked African countries. Gluwa, Inc. is Creditcoin’s technology provider, responsible for research and development of the blockchain. The token sale is conducted solely by Gluwa. Aella Credit is Creditcoin’s primary distributor. Aella will absorb part of the capital raised from this token sale as a debt line and efficiently generate transactions on the blockchain. More information can be found here.

Aella Credit Team:

  • Akin Jones: CEO 
  • Wale Akanbi: CTO 
  • Adedoyin Onayemi: COO 
  • Kola Olalekan: Engineer 
  • Kehinde Yinusa: Engineer 
  • Bola Tobi: Engineer 

Creditcoin Team:

  • Taelim Oh: CEO.
  • Pope Kim: CTO.
  • Aston Lee: Regional Director.
  • Chris Yoon: Director of Engineering. 
  • Vladimir Kouznetsov: Blockchain Architect. 
  • Paul Hsu: Engineer. 
  • John Choi: Engineer. 
  • Kyoungjun Lee: Product Manager. 
  • Dana Ryoo: Marketing. 

CreditCoin will be holding its ICO on the 15th of February, 2018. The ICO token supply represents 10% of the total token supply, so there will be a total of 200,000,000 tokens available, for 1 USD each during the offering. The ICO funding target is 10,000,000 USD, the funding cap is 30,000,000 USD and is expected to end on the 15th of April, 2018 or when the funding cap is reached.

Token Reserve Split (90%):

  • 70% for miners;
  • 15% Founders;
  • 5% Creditcoin Foundation;

CreditCoin ICO will feature a bonus program, and the token will not be mineable.

Bonus Structure:

  • 7.5% for 1 year vesting;
  • 15% for 2 years vesting;
  • 20% for 3 years vesting;
ICO Status Finished
Token Supply 2000000000
Start Date 2018-02-15
End Date 2018-03-18
Fund Raised (BTC) N/A
Fund Raised (USD) 30000000
Start Price (USD) 1
Security Audit Company N/A
ICO Legal Form Corporation
ICO Jurisdiction U.S.A
Legal Advisers Structure Law Group
Blog https://medium.com/gluwa-blog
White Paper https://docsend.com/view/hw3bq7j

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