Crypcore ico review
What is the purpose of Crypcore?
Stable coins were created to solve the volatility problem because the adoption of the crypto currency is experiencing obstacles around price stability. Stable coins have performed well since joining the crypto currency space but there are still many improvements to be done. Especially in the crypto area coin collateralized. This paper discusses the possibility of making collateralized crypto stable coins that combine pure crypto exchange, solvency systems and Cryptonote protocols. Crypcore is about creating crypto assets that enforce a solvency system that eliminates wild price changes, while giving Crypcore an opportunity to grow. Crypcore is basically a combination of crypto digital assets guaranteed by a solvency system to ensure price stability.
Problems and Solutions
Too much power on the part of the publisher: Stable coins can be effectively removed from circulation at any time by the issuing organization. For example, the Omni Protocol from tether can give and revoke tokens that are represented on the blockchain. With Crypcore this is not possible because of technology based on Crypcore.
Over-issuance: The big problem with the most stable coins is that coins are issued in the same way that central banks spend money, making them vulnerable to over-issuance and vulnerable to inflation. Crypcore will not experience this problem because the amount outstanding is determined by the emission logic of the Cryptonote protocol, and can be seen by all.
Unstable Virtual Collateral: Virtual Collateral itself is unstable so using it to support stable coins is difficult and confusing. At the end of this paper you will see how Crypcore hopes to solve this problem.
Highly Regulated: Stable coins set by Fiat are highly regulated and limited by the old banking system.
Expensive, slow liquidation & purchases: Liquidating stable coins can be slow because with the most stable coin provider you need to transfer money to your account that will incur bank charges. Purchases can also be slow because you sometimes have to go through the KYC procedure and transfer money which sometimes takes days.
Complex Smart Contracts: For crypto digital assets that are guaranteed like Maker Dai there is a problem of understanding. For ordinary everyday users, the term might seem complicated. Crypcore will apply a very simple solvability equation system with easy-to-understand equations and parameters.
Crypcore Exchange
Crypcore exchange will play a very important role in managing the price of Crypcore. To do this Crypcore Exchange will have to do things in an unconventional manner. A very simple solvency equation will determine the pricing of Cryps.
In normal stable coins the tokens are issued by the primary organization but Crypcore exchange will not be able to create tokens, rather each coin is mined. This is because the privacy and security of our users are of utmost importance. In order for Cryps to hold their value the initial money supply is mined and held by the Crypcore exchange. The Cryps held by the exchange will not be regarded as being in circulation.
Crypcore wallet
Crypcore aims to be accessible even to non-technical users, wallets will be provided for various platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the completion of the development of Web Wallet for android and iPhone wallets will begin. The web wallet is currently under development, you can find the screenshot below.
Roadmap
Q2 2019Idea Realisation & Research
$50,000 private funding
Q3 2019Architecture Design & Whitepaper publication
Q4 2019Launch Crypcore Instant Exchange
Launch block Explorer
Start trading crypcore on exchanges
Q1 2020Launch Web Wallet
Q2 2020Launch Mobile Wallet
Q3 2020Launch New features for Crypcore Exchange
Team
Terryp:
Lead Developer Terryp has over ten years of development experience and web security expertise.
Zonner:
Web and mobile designer. Fifteen years of design and development experience.
For More Information:
website=> https://crypcore.com/
Telegram=> https://t.me/crypcore_group
Twitter=> https://twitter.com/crypcore1
reddit=> https://www.reddit.com/user/crypcore
Username => ivanarifiant
Bitcointalk Profile => https://bitcointalk.org/index.php?action=profile;u=979945
ETH Address => 0xF6505afA3dA59e702dBD00A1dE54be8B656ADCf2
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