CRESTONIUM

cratortouch (31)in #blockchain • 7 years ago

Crestonium offers the seamless experience of sending and receiving currency globally at zero cost. We aim to provide unlimited usage to mainstream users as cryptocurrency becomes a phenomenon accepted by all. Crestonium was built, not only for storage, but for actual spending – which remains one of the significant challenges of modern cryptocurrency.

Crestonium prides itself as being one of the few cryptocurrencies out there with zero fees and transaction speed within a fraction of a second.

Formed within the blockchain, and subject to automatic execution upon the occurrence of pre-defined criteria/events and subject to certain conditions, CXS tokens are valid indefinitely and are the property of their respective holders. Crestonium Platform uses a standard OpenAPI so your contract will be automatically compatible with any wallet, and any other contract or exchange also using this standard.

Crestonium is offering not just a Mobile app but also a fully synchronized Desktop app. Crestonium connects your blockchain assets for everyday use. The credit card and banking license will allow us to be a hub for the blockchain ecosystem, to connect you to the real-world. We are using a protocol where every blockchain is connected which enables us to provide you with 0% fees. The blockchain ecosystem also allows us to scale for the masses and be more inclusive.

STATE OF CRYPTOCURRENCY

In short, crypto-currency is a digital currency that is decentralized - there is no owner as bank or government; it is owned by the people. The advantage is zero fees and, in most cases, instant transactions from anywhere in the world.

Currently, there are many different kinds of crypto-currencies - over 1000+ of them. But there is no bank or crypto-currency bank that will allow the storage of the majority of them, and, more importantly, the spending of them. That is the problem with the modern crypto-currency age, and we are here to solve this problem.

There are several major factors in which Crestonium differs from their competitors. The most prominent one is 0% fees policy.

Another advantage is instant transfer, and the support of many different crypto-currencies.

On top of that, Crestonium offers 100% Token Holder Protection guarantee. The user will get a full refund of their original transaction if the value of CXS doesn’t appreciate 150% within 6 months of the end of ICO.

The technological quantum leap of crypto-currency is the ability to now achieve global consensus over a decentralized and distributed network without a trusted third party which eliminates many useless factors as fees and long transaction times. Not all crypto-currencies achieve these goals however.

TOKEN HOLDER DISTRIBUTION

The majority of the Tokens will go to our contributors and supporters – a big chunk of 73%. On the contrary to other ICOs and companies, our team and advisors will obtain only 5% of the total token generation.

8% is dedicated to Foundation, which is needed for groundbreaking developments and innovations. A small portion of the total tokens will also go to our Strategy Partners and for a Bounty to further establish our community.

The final 10% will be held in Reserve.

USE OF PROCEEDS

It is important to us that our community knows how the funds will be spent. Which is why we have also produced a Use of Proceeds graph to illustrate this.

As you can see, most of the funds will be used on Software and Business Development. Since the software takes the bulk of the product, our experts are working around the clock to deliver an outstanding application. More information on this can be found while reading our Roadmap, which
describes the Software and Business Development and other goals in detail, together with dates and
deadlines.

9% of the funds are going to be used for Marketing purposes; getting the majority of users on board is a crucial task in overcoming many of the issues we currently have with cryptocurrency.

Crestonium also needs to spend funds on operation expenses, such as running servers or other operating expenses, to keep the business running well including, but not limited to, general expenses, telephone expenses, research expenses and administrative expenses.

Important notice: Crestonium will NOT generate any new CXS tokens after the Initial Token Sale is finished.

ICO TIMELINE