KuCoin exchange is announcing today that they have listed another promising currency, the Crypterium CRPT. It is the sole transaction token of Crypterium project, a blockchain based dencetralized digital banking platform.
Deposits are now available with supported trading pairs such as CRPT/BTC and CRPT/ETH. All transactions are done utilizing KuCoin’s mobile app, or through their official website at www.kucoin.com.
About Crypterium (CRPT)
Cryptorium aims to build a crypto bank accessible to anyone. The platform is being designed to contribute similiar services to conventional financial institutions but provided to the world of cryptocurrencies.
Unlike regular mobile banks that take weeks to process and issue the card, Crypterium Cryptobank gives Instant processing engine for Fiat-based currency transactions and Crypto allowing any change between the two. With the digital bank, Crypterium can finally use the Crypto to pay Fiat-based transactions of Infinity assets and with low commissions on 42 million payment terminals that exist in the world and many Internet stores and point of payment.
The Crypterium technology platform is based on algorithms that enable the most efficient offer extended through current peer-to-peer networks are natural and third-party cryptographic exchanges. It will soon be followed by several free banking services ranging from simple peer to peer payments until loans are backed by cryptocurrency.
Crypterium CRPT Token
At the core of the Crypterium Cryptobank will be the CRPT token. No transaction will be authorized to happen on the platform without using the CRPT token. The CRPT token will only be distributed through an ICO (Initial Coin Offering). Once issued CRPT tokens will be listed on cryptocurrency exchanges.
To use the Crypertium Cryptobank platform users will need to be the CRPT token holder. When payment is done on the platform, a fee of 0.5% of the value of the transaction is CRPT is removed from the holders CRPT account.
The team comprises of professional digital currency specialists who have committed more than 10 years of their lives serving in the cryptocurrency sector, developing more natural methods for the handling of cryptocurrency and including better cryptocurrency banking options. The team has spent over $50 million in the sector and are the founders of some of the well-known projects such as PAYQR, Workle and Bonus Club.
The Crypterium team has been running on their services platform for over five years, and they plan to publish it in Q4 of 2017. The team has developed their cryptocurrency called CRPT which will basically be applied for all the transactions based on the mobile bank. 1 CRPT is 0.0001 BTC as of now, and it’s publicly available for prepurchase.