People have always been under the impression that cryptocurrencies are scams and useless mainly because they do not have the required knowledge about these digital assets. Another issue that has always limited mass adoption of cryptocurrencies is price volatility. There is a constant fear of losing a lot of your hard-earned money because a certain coin drastically reduced in value.
Bitcoin was the first cryptocurrency and it is also the coin that has faced extreme volatility in price. I remember I had invested in Bitcoin before its first case of extreme price fluctuation which saw me incur great losses. Most of my friends who had invested in the new digital asset with me got frustrated and decided to withdraw from exchanges. As much as the main objective is to ensure mass adoption of cryptocurrencies volatility feature has been hindering that.
When stable coins were created, they helped solve the issue of price volatility but also brought along a new challenge. Stable coins gained traction over time because they attempted to offer the best of both the crypto space and the fiat currency world. People got to enjoy the privacy in payments and instant processing of cryptocurrencies and on the other hand, enjoyed the volatility free stable valuations of fit currencies. The involvement of banking system, however, went against the reasons why people decide to use cryptocurrencies. These banking systems introduced monopolization into the process of transacting in stable coins.
However, the project I am discussing today, Crypcore, is all about providing the world with a unique stable coin which eliminates price volatility and is collateralized by other cryptocurrencies price of Crypcore stable coins will be determined and maintained by a very easy mathematical equation. With Crypcore stable coins, a user will be able to enjoy all the benefits that blockchain technology has to offer without the involvement of banking systems.
The Crypcore blockchain is going to be made up of the Cryptonote protocol and the block explorer and it will have characteristics such as:
- Transaction fees on the Crypcore blockchain are going to be greatly reduced because the user does not have to pay extra banking fees while purchasing or liquidating the stable coins. This makes Crypcore very convenient and price-friendly to any user.
- Secondly, let us talk about the speed of transaction processing which is going to be greatly improved with Crypcore stable coin. This is so due to the elimination of the banking systems which delay transactions with up to three days.
- The third and most important feature of the Crypcore blockchain is decentralization which lacks other stable coins. This means that no organization will have full control over the issuing of stable coins. Instead, the quantity of Crypcore stable coins in circulation will be determined by the emission logic of the Cryptonote protocol which will be viewable by everyone.
- Security is the final characteristic of the Crypcore blockchain because the user will be in full control of their funds without middlemen like banking institutions which tend to have too much control over-issuance and transaction processing of other stable coins.
HOW CRYPCORE WORKS
Crypcore is forked from Monero which is based on the cryptographically secure and genuinely unknown Cryptonote convention, the Crypcoreecosystem unites a dissolvability condition, an unadulterated crypto trade and the Cryptonote convention to make a coin which has a steady cost with cost solidness accomplished by averaging the guarantee increment with value variances.
With this impact Crypcore is a steady coin which works in an on a very basic level distinctive approach to customary stable coins, we will consider it a Dynamic Stable Coin (DSC). Crypcore will acquire security from the expenses charged on the Crypcore trade, these expenses will be added to the insurance of the Crypcore coin hence continually expanding the guarantee and keeping up the soundness of the Crypcore Price. Crypcore isn’t to be seen as customary cryptographic money stable coin yet rather another and creative way to deal with accomplishing value strength in the digital currency space.
Crypcore System
Well known stable coins are pegged against the US dollar and have a 1:1 proportion, Crypcore then again won’t be pegged at 1:1 yet will ascertain the cost from guarantee held. In that angle Crypcore can’t be viewed as a steady coin in the conventional feeling of the word. Crypcore will be comprised of various unmistakable parts working pair to keep up the cost of the Crypcore coin these will be: Crypcore Blockchain, Crypcore Mining, Crypcore Wallets and the Crypcore Instant exchange.
Crypcore Exchange
Crypcore trade will assume a significant job in dealing with the cost of Crypcore. To do this Crypcore Exchange should get things done in a whimsical way. An extremely straightforward dissolvability condition will decide the evaluating of Cryps. In typical stable coins the tokens are given by the essential association however Crypcore trade won’t have the option to make tokens, rather each coin is mined.
This is on the grounds that the protection and security of our clients are of most extreme significance. With the end goal for Cryps to hold their worth the underlying cash supply is mined and held by the Crypcore trade. The Cryps held by the trade won’t be viewed as being available for use. The Crypcore trade as of now is an unknown moment trade. These are screen captures of the trade.
TOKEN DETAILS
Crypcore is forked from Monero which is based on the cryptographically secure and genuinely unknown Cryptonote convention, the Crypcoreecosystem unites a dissolvability condition, an unadulterated crypto trade and the Cryptonote convention to make a coin which has a steady cost with cost solidness accomplished by averaging the guarantee increment with value variances.
With this impact Crypcore is a steady coin which works in an on a very basic level distinctive approach to customary stable coins, we will consider it a Dynamic Stable Coin (DSC). Crypcore will acquire security from the expenses charged on the Crypcore trade, these expenses will be added to the insurance of the Crypcore coin hence continually expanding the guarantee and keeping up the soundness of the Crypcore Price. Crypcore isn’t to be seen as customary cryptographic money stable coin yet rather another and creative way to deal with accomplishing value strength in the digital currency space.
Crypcore System
Well known stable coins are pegged against the US dollar and have a 1:1 proportion, Crypcore then again won’t be pegged at 1:1 yet will ascertain the cost from guarantee held. In that angle Crypcore can’t be viewed as a steady coin in the conventional feeling of the word. Crypcore will be comprised of various unmistakable parts working pair to keep up the cost of the Crypcore coin these will be: Crypcore Blockchain, Crypcore Mining, Crypcore Wallets and the Crypcore Instant exchange.
Crypcore Exchange
Crypcore trade will assume a significant job in dealing with the cost of Crypcore. To do this Crypcore Exchange should get things done in a whimsical way. An extremely straightforward dissolvability condition will decide the evaluating of Cryps. In typical stable coins the tokens are given by the essential association however Crypcore trade won’t have the option to make tokens, rather each coin is mined.
This is on the grounds that the protection and security of our clients are of most extreme significance. With the end goal for Cryps to hold their worth the underlying cash supply is mined and held by the Crypcore trade. The Cryps held by the trade won’t be viewed as being available for use. The Crypcore trade as of now is an unknown moment trade. These are screen captures of the trade.
TOKEN DETAILS
- Token name: crypocre(CYRP)
- Accepted payment: BTC, ETH, LTC
- Soft cap: 3million
- Hard cap: 7million
- 1 crypcore: 0.00001 ETH
- Min/Max Personal Cap: 0.01 ETH / No limit
- 65% — Token for Sale
- 10% — Marketing
- 15% — Team & Advisors
- 9% — Reserve
- 1% — Bounty
Q2 2019
— Idea Realisation & Research
$50,000 private funding
Q3 2019
$50,000 private funding
Q3 2019
— Architecture Design & Whitepaper publication
Q4 2019
Q4 2019
— Launch Crypcore Instant Exchange
Launch block Explorer
Start trading crypcore on exchanges
Q1 2020
Launch block Explorer
Start trading crypcore on exchanges
Q1 2020
— Launch Web Wallet
Q2 2020
Q2 2020
— Launch Mobile Wallet
Q3 2020
Q3 2020
— Launch New features for Crypcore Exchange
CONCLUSION.
Check out more about Crypcore from their website and make your entire stable coin transacting processes as secure and decentralized as possible without encountering issues of price volatility.
For more Information, Please visit the following sites:
CONCLUSION.
Check out more about Crypcore from their website and make your entire stable coin transacting processes as secure and decentralized as possible without encountering issues of price volatility.
For more Information, Please visit the following sites:
- Website: https://crypcore.com/
- Whitepaper: https://crypcore.com/crypcore_whitepaper_version_1.pdf
- Telegram: https://t.me/crypcore_group
- Facebook: https://www.facebook.com/Crypcore-106479097438958
- Twitter: https://twitter.com/crypcore1
- Reddit: https://www.reddit.com/user/crypcore
AUTHOR
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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