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Credits: Next-Generation Blockchain

The Credits blockchain is designed for finance and IoT.

Seeking to overcome the scalability issues plaguing current blockchains such as bitcoin and Ethereum, Credits was developed to accommodate the needs of data-intensive industries such as finance and emerging technologies such as the Internet of Things (IoT).

As blockchains have become more widely adopted due to their decentralized and trustless nature, they have become congested, giving miners extra leverage in deciding which transactions to validate, thus raising the costs. The rising costs of transactions has hindered their rate of adoption in the business world, preventing industries from being as efficient as they potentially can. Additionally, the mining power required to validate these networks has become substantial an increasing concern among environmentalists and regulators. By contrast, the Credits blockchain is designed with no mining required, with the coins of the blockchain created during and at the end of the ICO. Commissions for validating transactions on the Credits blockchain are exchanged between the main and trusted nodes.

The technical advantages of the Credits blockchain over competitors are notable. Whereas bitcoin can only process seven transactions and Ethereum just 300 per second, Credits can process more than one million with an aim of 10 million with future upgrades. Moreover, whereas bitcoin transactions can take as long as 10 minutes or more and Ethereum 30 seconds to five minutes, Credits transactions take as little as 0.01 seconds. For businesses that require very fast and numerous transactions, particularly in finance, the Credits blockchain is more practical to use and will save them large sums of money in the long run.

Like Ethereum, the Credits blockchain can execute smart contracts, which are self-executing contracts that execute when two parties have met the conditions set by the counterparty. Smart contracts can save businesses from the costs of using intermediaries such as bankers, brokers, and notaries. They also resolve the issue of mistrust due to the possibility of fraud, since the transactions can only take place when both parties are satisfied.

Like bitcoin and Ethereum, the Credits blockchain is decentralized, distributed, and open-source. As an open-source project, its code can be verified to ensure its security and the absense of malware. Moreover, Credits has already developed a minimally viable product (MVP), and plans to release its Alpha version in the first quarter of 2018.

A noteworthy advantage of the Credits blockchain over competing blockchains is in the cost of transactions. Whereas bitcoin transactions can cost $10 or more and Ethereum transactions $0.10 or more, depending on network activity, Credits transactions can cost as low as $0.001. Combined with its speed, low transaction fees make it ideal for finance and IoT.

The Credits ICO begins February 15, 2018 and ends February 28, 2018. The soft cap for the ICO is $15,000,000 and the hard cap is $20,000,000. During the ICO, one ETH can buy 5,000 CS tokens. The funds raised during the ICO will be used for marketing and software development. The Credits team reached the $3 million hard cap during the presale, showing just how eager the ICO market is to embrace blockchains that offer innovative new features. Investors who are interested in a next-generation blockchain with capabilities beyond the current blockchains should thus seriously consider this promising project.

*I am receiving Credits tokens for the growth of the community.

Disclaimer: Investing in cryptocurrencies carries significant risk. None of the material on this website should be construed as investment advice. While bitcoin is a cryptocurrency that has proven itself as useful over time, Credits has a lot to prove to the industry as a nascent project. 

To learn more about Credits:

Website: https://credits.com/en

Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf

Credits ANN thread: https://bitcointalk.org/index.php?topic=2401248

Credits Twitter: https://twitter.com/CreditsCom

Credits Facebook: https://www.facebook.com/creditscom/

Credits Telegram: https://t.me/creditscom

BABB: Banking for Everyone

BABB will bring banking to everyone.

Using blockchain technology, Bank Account Based Blockchain, or BABB, aims to empower people from all over the world by providing financial services that are accessible with smartphones. By bringing financial inclusion globally, including to those who are ignored by the current financial system, BABB aims to improve the quality of life and living standards for everyone.

To provide financial services complying with UK regulations to anyone in the world, BABB will simply require a valid ID document such as a passport or national ID card, or a reference from a user already verified. BABB also intends to allow those without documentation to use its platform using biometric technology.

As stated in the whitepaper, BABB intends to seamlessly integrate traditional banking with cryptocurrencies. BABB accounts will have an associated IBAN number for international bank wires, and will have an account number for UK transactions.  By providing these features, BABB will allow users to transfer money to and from the platform, effectively bridging the gap between traditional finance and cryptocurrencies.

Also key to bringing financial inclusion globally, BABB will offer a mobile app that anyone with a smartphone can download and use. Using its mobile app, users can transfer money into and out of their accounts and conduct peer to peer transactions. Additionally, users can potentially earn an income with the app by issuing loans or exchanging currencies.

Bank Account Based Blockchain will bring financial inclusion globally.

As part of its aim to integrate traditional finance with cryptocurrencies, BABB will offer a black card that can be used as a debit card to make real-world purchases. It will have the added functionality of using a QR or NFC code to link it to the cardmember’s BABB bank account. As the card gets used, funds are immediately taken from the cardmember’s linked bank account. The black card will be safer than traditional debit or credit cards because they will not store personally identifiable information and can easily be unliked to the cardmember’s account.

The native token of the BABB platform, BAX, will be used for paying fees and transactions on the platform and can be exchanged with other tokens and cryptocurrencies on major exchanges. A total of 50 billion BAX will be minted, a portion of which will be held as reserved to ensure the liquidity of the platform. Investors interested in participating in the upcoming crowdsale can sign up to be whitelisted on the BABB website.

Thus far, investors have greeted the project with enthusiasm, as shown by the project reaching its hard cap during the presale this month. Investors who have remained on the sidelines will thus have another chance at jumping into this fascinating project very soon.

*I am receiving BABB tokens for the growth of the community.

To learn more about BABB:

Website: https://getbabb.com/

Whitepaper: https://getbabb.com/babb-whitepaper.pdf

Hero: Bringing Financial Inclusion

Hero will bring financial inclusion to the unbanked and underbanked.

To bring financial inclusion to the developing world and Southeast Asia in particular, the team behind Hero is launching a crowdsale to raise funds to build its platform based on the blockchain. As one of the first movers in the cryptocurrency space aiming to democratize finance and cryptocurrencies, Hero is likely to capture a large market share once its roadmap is fulfilled.

As stated in the Hero Bitcoin ANN thread, roughly two billion people, or 40 percent of the world’s population, lack access to basic banking and financial resources, preventing them from obtaining credit and loans for such basic things as starting a business, going to school, and getting an auto loan.  The high barriers to entry within the current global financial system have created a wide divide between the haves and have-nots. Using blockchain technology and mobile devices, Hero aims to provide the essential services that this unserved and underserved population currently lacks, and in so doing can potentially revive developing economies and bridge the global divide in living standards.

Specifically, the Hero team will create the Hero Capital Market Platform, using smart contracts on the blockchain, to provide access to various financial services such as payment processing and loans. The native token of the platform,  Hero, will provide access to the financial services on the platform, and, as an ERC20 compatible token, can be stored in popular Ethereum wallets.

Hero will allow users to have secure access to the Hero Capital Market Platform using their mobile phones. Given the widespread use and capabilities of smart phones today, especially in the Third World, users will not have to go to a physical bank to obtain needed financial services. Given the security, transparency, and immutability of the blockchain, users can feel confident about using the platform.

The main crowdsale will begin February 1, 2018 and end February 28, 2018. Showing the enthusiasm investors have had for this project, over $10 million was collected in just 24 hours during the presale that began in November 2017. The hard cap for the project is 250,000 ETH, with unsold tokens to be burned at the conclusion of the crowdsale. By participating in the crowdsale and buying Hero tokens, investors will help bring needed financial services to much of the world, and likely gain profit along the way.

*I am receiving Hero tokens for the growth of the community.

Author: pushups44

Website: https://herotoken.io/

Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=2088817

Crypterium: The Revolutionary Cryptobank

Crypterium Cryptobank is the best cryptocurrency exchange app.

Crypterium has emerged as a promising project seeking to revolutionize finance and banking by establishing a liquid cryptocurrency exchange. Currently, the ICO of the project has raised over $30 million, showing the confidence investors have in the project and giving it the resources needed to reach its lofty goals.

Crypterium aims to fill the void of services that are able to convert cryptocurrencies to fiat currencies. According to the Crypterium whitepaper, by 2022 cryptocurrencies could equal about 10 percent of the global GDP, and have already passed the point of no return. By offering cryptocurrency holders more liquidity and options for converting their cryptocurrencies to fiat, Crypterium aims to tap into this enormous market as among the first-movers. Crypterium aims to provide the conversion of cryptocurrencies to fiat currencies cheaply, quickly, and easily.

The Crypterium app is user-friendly.

To attract cryptocurrency users and the mainstream to its platform, Crypterium will offer a user-friendly app, Crypterium Cryptobank, for Android and iOS users. Using the app, users will be able to exchange cryptocurrencies with one another and fiat currencies instantly, and buy goods and services from millions of merchants throughout the world. The Crypterium Cryptobank will allow access to these merchants with low fees and without transaction limits.

To provide liquidity to the platform, Crypterium will issue its own token, CRPT, to function as a currency within its ecosystem. The CRPT token will allow access to the Cryptobank. Each time a user spends using the Cryptobank, a CRPT amount equal to 0.5 percent of the transaction will be burned in the user’s account. This fee will be completely transparent to users of the platform. Active users who own CRPT and spend it will be allotted a monthly reward depending on the revenues generated by the platform.

The token crowdsale that started on October 31, 2017, will last until January 18, 2018. Each CRPT will be valued at 0.0001 BTC during the crowdsale, with bonuses available to investors depending on how early in the crowdsale they buy CRPT. For the crowdsale, the soft cap is $3 million and the hard cap is $47 million. In total, no kore than 300 million CRPT will be minted, keeping the supply limited and the value up for investors. The funds raised during the crowdsale will help cover the development and marketing expenses of the project.

*I am receiving Crypterium tokens for the growth of the community.

To learn more about Crypterium:

Website: https://crypterium.io/

Whitepaper: https://crypterium.io/wp/index.html??v=1.40

Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=2214098.0 

HydroMiner: Green Mining in the Alps

HydroMiner will issue the H2O token.

A new cryptocurrency project, HydroMiner, intends to use hydroelectric power from the European Alps to mine cryptocurrencies cheaply, and will issue its own token, H2O, which can be used to purchase contracts within the project. The company is based in Vienna, Austria, where hydroelectric power is relatively cheap.

Given the growing costs and energy required to mine bitcoin and other cryptocurrencies, there have been concerns in the cryptocurrency community regarding the cost to the environment of mining cryptocurrencies and maintaining their networks. HydroMiner is one potential solution to this problem, given that generating electricity from water is up to 85 percent cheaper than the average cost in Europe and leaves no carbon footprint. The company sees renewable energy as an effective way to adapt to the increasing costs and centralization of mining operations, and plans to scale its operations using hydroelectric power.

HydroMiner will decide which cryptocurrencies to mine based on software algorithms that will help the company determine which ones are the most profitable. The company is selective about the mining pools it joins, taking into account payouts, liquidity, and other factors.

HydroMiner allows H2O token holders to mine cryptocurrencies profitably.

The company will use sea freight containers to store the mining equipment and keep it cooled. These containers can easily be assembled and moved where needed. A portion of the funds derived from the initial coin offering (ICO) will be used to purchase these containers. The company has its own unique method of keeping the containers cool, which saves space and increases their capacity.

Currently, the company rents two hydroelectric plants in Austria, and will use investor funds to expand their operations to other locations. Given that the company believes in transparency, investors are invited to visit the Austrian Alps to stop by and take a tour of the hydroelectric plants used by the company.

The company will allow owners of H2O tokens to use them to purchase mining time or packages. Among the packages to be offered are bitcoin, Ethereum, Zcash, and baskets of altcoins. Should the profitability of a package decrease substantially, HydroMiner will provide alternatives based on profitability. To receive payouts, H2O owners must register on the website and set up a web wallet. H2O token holders will receive net proceeds minus costs to maintain mining operations.

In total, 100,000,000 H2O tokens will be minted, with a nominal value of 0.01 ETH (Ether). The H2O token is ERC20 compatible, which will allow it to be stored in many Ethereum wallets. The ICO will take place from October 18 to November 15, 2017.

*I am receiving Hydrominer tokens for the growth of the community.

To learn more about HydroMiner:

Website: https://www.hydrominer.org/

Whitepaper: https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf

Author: pushups44