Crypterium is a decentralized banking platform aiming to establish the first-ever cryptocurrency bank. Its primary objective is to provide a fully integrated administration that features the interests of the blockchain community.
Read on to learn everything you need to know about the platform, its features, the Crypterium price, and more.
What Is Crypterium
The idea behind Crypterium is to build a platform designed to offer financial services similar to those provided by traditional financial institutions. In other words, the platform aims to establish a cryptocurrency bank.
The platform is composed of four key elements:
- Crypto bank
- Crypto acquisition
- Crypto lending
- Open API for developers
Crypterium allows instant processing of transactions for fiat and digital currencies. You can use cryptocurrency to carry out fiat transactions with low commissions on 42 million terminals worldwide. Crypterium leverages top exchanges to find the best offer to carry out the transaction.
Crypterium issued its ICO in 2017 and raised $51 million after surpassing its set target by over 10%.
CRPT is the project's main token. 70% of the total CRPT supply was sold during the ICO, while 30% was reserved for the project's needs. No more tokens will ever be created. The sale of tokens was terminated ahead of schedule due to the achievement of the emission limit. An escrow company was hired to raise funds from the sale of CRPT.
After the ICO, CRPT became available on cryptocurrency exchanges. All users of the platform must hold the CRPT token. A fee of 0.5% of the value of the transaction is taken from the holder's account.
The CRPT token is an ERC20 Ethereum token designed to be used in any B2B/B2C product with different mechanics. The token is used primarily as a commission payment solution in the Crypterium ecosystem. The ERC20 CRPT token is supported by the Ledger wallet like all ERC tokens. Burning CRPT effectively removes tokens from the current supply, increasing the liquidity of the token. A decrease in the number of tokens leads to an increase in the price of CRPT.
Using the Crypterium mobile app, crypto investors can consume crypto for their day-to-day needs, trade cryptocurrencies, top-up their phones, open a savings account, and order an international crypto card. They can shop worldwide and pay with their coins and tokens at any NFC terminal or via scanning the QR codes. It's also possible to make purchases in online stores, pay bills, or just send money across borders quickly and securely. Crypterium claims the project currently has 400,000 registered users.
Crypterium Founders
Gleb Markov and Vladimir Gorbunov are the co-founders of Crypterium, a startup that specializes in simplifying the world of finance through technology.
Austin Kimm is the project's COO. He has built companies with valuations over $500 million. And James Davies, who was the COO of London Derivatives Exchange, is now the CFO of Crypterium.
Gleb Markov, the co-founder and COO of Crypterium, stated that the project got the most experienced team with vast experience in fintech and a portfolio of completed projects. He believed it was one of their fundamental advantages, significantly boosting their chances of success.
How Does CRPT Work
With the Crypterium wallet on the Crypterium app, you can send money worldwide. You can use the wallet to purchase digital assets from your bank account, receive store, and send digital assets in seconds. You can exchange currency at the best real-time rates. Once you store your digital assets in the Crypterium app, you can see the real-time Crypterium price in various forms of fiat currencies.
The Crypterium global cryptocurrency card enables users to initiate fiat or cryptocurrency transactions all over the world. To obtain the card, you simply download the Crypterium app and load it with a supported currency from the Crypterium wallet.
30% of all the transaction fees will be used to incentivize the most dynamic users of the platform and CRPT token holders. Therefore, users with more tokens will reach higher dividend levels.
The token holders of over 25,000 assets are categorized as Platinum members, while those who hold one token are in the Silver category. Platinum holders are eligible for a 50% cut of the transaction fees, while Silver members receive up to a 10% reduction.
Depositing CRPT for up to 12 months will result in a high yield of 21%.
Where Can You Buy CRPT
Crypterium Wallet to store, purchase, and exchange CRPT, our beloved token, is also available on well-established, third-party cryptocurrency exchanges.
Find CRPT on:
— Liquid
— Kucoin
— HitBTC
— Binance DEX It is recommended to keep your tokens on the Crypterium wallet. And regarding the acquisition, you can find CRPT on the majority of popular crypto exchanges. Some of them are Kucoin, Liquid, Binance DEX, and so on.
