KuCoin, a cryptocurrency exchange, announces the listing of another promising token to their platform, CRPT. It is the native and transaction currency of Crypterium, a decentralized project aiming to advance a cashless payment system.
Deposits are now open for CRPT with suggested trading pairs that include CRPT/BTC and CRPT/ETH. All dealings are to be performed utilizing the KuCoin Android app and the iOS app or directly to the official website.
Crypterium strives to develop an open platform digital cryptocurrency bank, competent in rendering a user-friendly, global banking activity utilizing the power of blockchain technology.
Users will not only be capable of storing, spending, exchanging, and borrowing against essentially any cryptocurrency; they will also avail from crypto-fiat exchange services enabling them to spend their cryptocurrencies efficiently in real-world purchases and activities, with fast and effective bid-offer matching.
All processes are via a mobile application that promotes cashless and contactless payments at NFC-fitted POS terminals and is also able to process QR payment codes. Amongst the multitude of points promised by Crypterium is cryptocurrency exchange, fiat currency deals, unlimited international transfers, utility payments, loans, and more.
A Unique Cryptobank
It focuses on contactless payments, because, in the future plastic cards will not be required. Users can manage its payment app right after installation, without a need to wait two weeks for your plastic card to arrive.
They are focused on transactions. Their primary goal is to build their crypto-payment infrastructure based on blockchain technology that will significantly decrease the value of transactions for merchants. They are certain to accomplish this task because they have comprehensive experience in building viable payment solutions.
They are concentrated not only on working with the current crypto community, which now comprises of just a few million individuals but also with a public that is still only interested in the crypto-world and is hesitant to buy crypto-currencies. They have created a system, which will drive millions of new users to connect with crypto-payments.
CRPT Transaction Token
CRPT is the official cryptocurrency specified by Crypterium. It is implemented as the only method of paying transaction costs employed in crypto-fiat activities.
Every time someone executes a payment utilizing the Crypterium app, a fee equivalent to 0.5% of the value of the deal in CRPT is taken from the user’s account and burned as fuel which is administered by the smart-contract, and directed at the current exchange rate.
CRPT tokens can also be applied as a method of paying charges applied to other, non-crypto-fiat, transactions in the Crypterium app for a limited period or generally, by the decision of Crypterium. In this case, CRPT tokens can be applied as a sole or additional method of paying transaction fees.
Unlike tokens used to pay for charges applied to crypto-fiat payments, those tokens may not be burned. ERC20 Token Standard develops CRPT tokens and works on Ethereum.
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