What’s going on with CRYPTERIUM and why is it below ICO price?

The Crypterium ICO ran through the months of November & December 2017, where tokens were sold to investors for a fixed price of 0.0001 BTC per CRPT with early bird bonuses.

Crypterium’s price action from ICO to Now

Today the price for CRPT is sitting at 0.0000663, a solid 33% decrease in the BTC price of Crypterium since the ICO. In this case, all early investors could have purchased their tokens cheaper today than they did back in November or December and done other things with their BTC in the meantime. So what gives?

Cypterium began trading around Jan 23 on etherdelta at 0.0002 BTC, double the ICO price. Traders began to take their profits then and ever since, the price has been steadily decreasing to the point where we are today, down 33%

Why are investors dumping their CRPT tokens on small exchanges and not waiting on the project to deliver?

After scouring the networks for some clues, I came up empty. There’s no material reason for any FUD surrounding Crypterium or any reason to sell other than impatience. As opposed to the traditional IPO investing world where investors expect 90 or 180 day lock periods on their investments for the opportunity to get in at bottom prices, there is a different mentality in general for your run-of-the-mill ICO investor. They are looking for big pops when coins hit exchanges and massive gains measured in multiples (e.g. 10-20X) within days or weeks. Many investors hardly do the diligence on projects, buy the hype, and pop in the telegram group with “When Lambo” memes periodically.

When Lambo

Why Crypterium is still a Long-Term strategic hold

Crypterium’s main goal is to develop their own cryptopayment infrastructure — a cryptobank with all of the traditional banking system features improved with blockchain technology. In this infrastructure you will be able to pay, borrow and transfer money (fiat and crypto), accept payments and many more.

Experts speculate that in the near future at least 10% of global GDP will transfer to cryptocurrency. To us this means the cryptocurrency market, according to experts I don’t care to site (DYOR), still has massive growth potential. We’re talking about growth to the tune of 15-20X when this happens.

Global GDP

The Cryptobanking sector, which has yet to have brought anything to the market, stands to grow at an even faster rate, as it stands essentially “untapped”. Cryptobanking offers many advantages over the legacy banking systems we have today and have no geographic limits.

Crypterium’s Ecosystem: both Payments and Outlets

Unlike some other projects such as TenX, Monaco, and others who focus only on payment services, Crypterium has 2 ecosystems: one for payment services and the other for their own payment outlets.

Crypterium’s ecosystem’s exclusive feature is that it allows unique payment schemes: crypto-crypto (when the outlet is willing to accept cryptocurrency) and fiat-crypto (when the customer pays in fiat money and the outlet receives cryptocurrency).

How does Crypterium work?

Image result for crypterium

Crypterium plans to take advantage of the pre-existing 42 million contactless payment terminals already existing in the world. They will use these to enable you to spend your crypto with your smartphone. This will allow retailers to receive fiat currency despite the user paying with crypto. Other benefits include instant transactions and cheaper commission rate than any bank currently offers.

Crypterium mobile banking
Crypterium mobile banking

Advantages of a blockchain based bank

  • Worldwide solution with no artificial country boundaries.
  • Faster and cheaper with transaction fees as low as 0.5%.
  • Cheaper and easier for making international transfers and payments.
  • Unrestricted transfer amounts.
  • Fast withdrawal and transfer of funds.
  • A decentralized network backed by smart contracts to verify all transactions.
  • Lower currency conversion rates.

Ending Note

There’s no doubt that if cryptocurrency goes mainstream, then cryptobanks will play a big role. The platform offers lower transaction fees than fiat options and makes exchanging crypto for payments much simpler. We’re in it for the long-haul on Crypterium. It should be a hell of a ride.

Hold on for dear life

Will Polymath be the Ethereum of Securities Tokens?

Polymath is a securities token platform that opens up the blockchain to legally compliant securities with lower transaction costs. Using blockchain and smart contract technologies, Polymath’s unique Security Token Standard Protocol (ST-20) enables securities issuers to create tokens backed by traditional financial assets like private equity, stocks, commodities, VC funds, real estate, royalties, and insurance.

Polymath is the first platform to enable truly legal ICOs in the form of securities tokens

Polymath – The Securities Token Platform

The Polymath platform is a tool that allows financial companies to create and issue their own tokenized assets.

At a high level, here are the main features of the Polymath project, as detailed in their whitepaper:

  1. Provides a decentralized protocol for trading security tokens.
  2. Enables individuals and institutions to authenticate their identity, residency,
    and accreditation status to participate in a wide range of security
    token offerings (STOs).
  3. Allows legal delegates to bid on new issuances to represent issuers on
    offerings to be done in a regulatory compliant manner.
  4. Matches issuers with developers who can translate issuers’ Security Offering
    parameters into secure code that generates ERC20 compatible tokens

Polymath is the first protocol platform that offers both KYC and legal compliance, which will be a massive value driver moving forward. Compared to Ethereum, Polymath is easier to use and also offers liquidity support, which ETH does not.

POLY Token Use Cases

Issuers: are able to post bounties in POLY tokens to encourage legal
delegates and developers to bid on providing services towards the issuance.

Developers: earn POLY for creating STO contracts. Developers are required to have these POLY fees locked up for a minimum of 3 months after a security token offering.

KYC Providers: pay a POLY fee to join the network. This fee is to identify legitimate KYC providers who can make this back in fees earned over time from investor verifications.

Investors: will be required to pay a POLY fee to KYC providers for verification.

For Legal Delegates: Legal delegates are able to earn POLY tokens by (i) proposing bids on security token issuances and (ii) being selected by the issuer to take responsibility for the issuance.

Polymath’s Team

Polymath has strong advisory board with backgrounds in blockchain technologie, large corporations, and financial institutions. The CEO, Trevor Koverko, is a silicon valley entrepreneur with a strong track record of successes.

Polymath Token: The Numbers

Polymath didn’t have a public ICO, but instead had an airdrop of 250 POLY per participant to expand the userbase beyond the private investors who first funded Polymath. 1,000,000,000 POLY tokens were pre-mined, and none more will be created moving forward.

The POLY token currently trades at around $1.00 (~$240M market cap), with a circulating supply of 239,570,250 and a total supply of 1,000,000,000 POLY. As of the time of writing, POLY is ranked #86 on coinmarketcap

Polymath to the Moon

Polymath is trailblazing an exciting future for security tokenization. If Polymath can use their first-mover advantage to become the major platform for large-scale financial institutions and corporate entities to tokenize their assets, the POLY token should exponentially rise in value. There is a good chance yet for Polymath to become the Ethereum of securities tokens.

To the moon

As they say, to the moon! – HODL

 

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