17 Feb 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.
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.
The key to success is taking over the market segment as quickly as possible. As soon as people start to associate the name of a particular project with the term “cryptobank”, nothing else will matter anymore. We’ve got all the chances to become such a project.#Crypterium pic.twitter.com/vIGWMnp7z9
— Crypterium (@crypterium) February 16, 2018
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.
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?
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.
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.
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