What is CREDITS platform?
This software is developed by the CREDITS team including their own development of a public and decentralized blockchain, built-in self-executing smart contracts and CREDITS cryptocurrencies.
Thanks to a deep analysis of user needs, we have developed a unique and balanced system to achieve high processing speed operations – from 500 000 up to 1 million per second and the average duration of transaction processing is 3 seconds. CREDITS platform could revolutionize the world using blockchain technology in the financial industry.
What are the main principles of the platform?
What distinguishes your platform from others?
Primarily, we have developed a very unique architecture that allows you to achieve a level of performance that is unattainable by other platforms: our speed of transaction is 3 seconds and the total number of operations ranges from 500 thousand to 1 million per second at a low transaction cost. The platform has a unique structure designed specifically to achieve certain technical characteristics.
CREDITS platform uses open source software?
Yes, the development of the platform is completely open source.
Is the platform mining coins?
No. An additional release will not be made. The primary issue will be produced only for the initial release of coins for sale on the ICO. In the future, the tokens of the standard ERC 20 will be exchanged for their own CREDITS crypto currency.
For whom is your platform?
The target audience of the platform can be companies (for example banks and financial organizations), payment and online services created on the basis of blocking technologies, smart contracts, crypto currencies and fiat money, which require high speed (a few seconds) and low transaction costs.
Why the financial industry?
Because it is for the financial industry that the speed of processing and the low transaction cost are first of all necessary. Shopping, payments, transfers, exchange and much more. But, the CREDITS platform can be used not only for financial transactions, but also for other industries where the speed and price of the transaction, for example, the Internet of things, are necessary.
Developing a platform for individuals or businesses?
Developers, companies and users who want to create online services. That is, the platform is developed as an application for B2B business.
Will you create financial products?
The CREDITS team itself undertakes to develop the platform, maintain it, promote it, increase the number of users and help with the implementation. That is, the CREDITS team will not independently develop products for end users such as p2p products, online lending, funding, etc. The main task of the team is to create a CREDITS platform for use as a standard of blocking for the financial industry.
Who is the CREDITS platform for?
We believe that financial services are not developing enough on blocking technologies: technical problems – due to the low processing speed of transactions reaching 15-30 minutes and a very high cost of about 0.5 dollars. The second problem is the lack of additional elements necessary to build financial services for the block system: personalization, KYC, credit histories, etc. These problems are solved by the CREDITS platform.
How will people use it?
People can use our platform as users of services built by the CREDITS platform.
Where is your company?
The CREDITS Foundation, which is located in Singapore, is specially created for the development of the platform. After the completion of development and release, this company will be the sole and official representative of the platform.
Duty Of The CREDITS Foundation
Development of the platform and the release of new versions of the platform
Maintaining current versions of the framework in safe and working condition.
Promotion of CREDITS platform among users of commercial organizations and individuals around the world.
What is ICO platform CREDITS?
We sell the CREDITS tokens ERC20 on the Ethereum platform. In the future, after the release of the platform, the ERC20 standard tokens will be exchanged for the CREDITS crypto currency, which is the only payment currency of the platform.
What is the number of tokens available during ICO?
ICO will be released at 1 bil tokens standard ERC20
When will the CREDITS tokens appear on the exchange?
Within a few weeks CREDITS ERC20 standard tokens will appear on a number of crypto-exchange exchanges for free circulation.
How can I participate in the purchase of CREDITS tokens?
On the official credits.com site during the ICO period you will need to buy ERC20 CREDITS tokens and have an Ethereum based wallet.
Credits ICO Details
- Pre sale running until 15th December.
- ICO dates: 15th of January- 15th February 2018.
- Hardcap: $20 million.
- Price: 1 ETH= 2000 CS.
- Total issued tokens: 1 billion.
If the project manages to create a blockchain that’s capable of processing 1 million transactions per second then it’s sure to be successful.
Many people prefer to invest in projects that are based on some type of platform with tokens, however due to the problems and rising fees of Bitcoin there’s still obviously a very high need for a crypto based payment processor that’s capable of processing many transactions for a low fee.
The main problem with projects like this is that the development is bound to take a long time so it may not suit short term investors, however if they manage to stick to their roadmap then the price should rise when they release the Alpha version.
I also like that the hardcap is set to an absolute maximum of $20 million, similar types of projects have tried to raise 100s of millions which just isn’t necessary for any token sale.