Crypti is a new crypto-currency designed from the ground up to solve the biggest problem with other currencies - lack of purchase motivation. Crypti is being built from scratch. It will not rely on any other crypto-currency code.
Crypti uses a combination of proof-of-stake algorithms making it first of a kind.
Crypti is being developed in lightweight Node.JS, and can run on every device out there, including embedded nodes.
Guaranteed Features- Custom block-chains, allowing anyone to launch their own chain with custom rules
- Combination of 3 PoS algorithms:
- Proof-of-Purchase (purchases done since the last won forged block)
- Proof-of-Time (node running up-time)
- Proof-of-Identity (merchant address real-life validation)
- Ed25519 DSA for increased security.
- 1 minute block time, pending on the network activity and node uptimes.
- PoS retargeting on every new block.
- Password protected wallets that allow recovery from seeds.
- RESTful API for easy and fast interaction with Crypti nodes.
BetaThe beta will be launched in synch with the pre-sale, in order to let the potential investors to experience Crypti potential. The beta will provide the following features:
- Test-net block-chain with P2P connectivity
- Proof of Purchase (PoP) / Proof of Time (PoT) / Proof of Identity (PoI) Forging
- Web wallet
- RESTful API
- Merchant accounts with validation
Pre-saleBecause Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.
The pre-sale will start on
June 30th 12:00:00 UTC.
The pre-sale will last 4 weeks and we will accept Bitcoin only. In order to encourage people not to wait until the last day to invest, an investment structure rewarding early adopters will be used.
A bonus of 30% increase in stake will be awarded at the beginning of the pre-sale. This will be continuously reduced over the course of the sale to a final 0% bonus at the end of the sale.
Investments will be made to a pre-sale address, to be published towards the pre-sale start.
Please note that after the pre-sale is finished it might be possible that the project is not yet ready for release. We are aiming to provide a public beta before the start of the pre-sale.
The source code of the complete project and following updates will be provided in quarterly releases. This will protect investors against early clones.
The pre-sale will end on
July 30th, 12:00:00 UTC. Each week ends on Monday
24:00:00 UTC.
EscrowPre-sale funds usageThe raised funds will be set aside for the post-launch development of Crypti. It will be kept in a public account so all transactions could be monitored. It will cover the following:
- Ongoing R&D of new capabilities and features
- Marketing / Exposure
- Refinement of the Wallet, Website, & Exchange
- Bounties & Gifts to support the community
- Other post-launch related expansion as necessary
Crypti allocation- 75% of the genesis block will be devoted to the pre-sale auction and will be sold to the community
- 15% of the genesis block will be devoted to the initial investor, the creator and lead developer of the project, and the Crypti R&D team
- 10% of the genesis block will be devoted to the post-launch development of Crypti, along with the pre-sale funds. It will also be kept in a public account so all transactions can be monitored, and cover the development tasks described above.
Development Funds / Initial DistributionFor the development funds. We are going to keep the 15% the way it is.
The 10% will work in a different manner and will not be guaranteed. We will adjust the 10% based on the amount of BTC raised in the pre-sale. Right now the plan is to lower the 10% by 1% for every 50 BTC raised in the pre-sale. So a quick breakdown would look like this:
- 0 BTC = 10%
- 50 BTC = 9%
- 100 BTC = 8%
- 150 BTC = 7%
- 200 BTC = 6%
- 250 BTC = 5%
- 300 BTC = 4%
- 350 BTC = 3%
- 400 BTC = 2%
- 450 BTC = 1%
- 500 BTC = 0%
We decided on this scale because we believe 500 BTC will provide substantial development funds for future growth of Crypti and therefore would require no additional funding from the launch.
The additional percentage not allocated to the developer fund will be added to the 75% of genesis awarded to pre-sale investors.
The 1% Transaction FeeAs per the 1% transaction fee, we area also looking at a sliding scale based on volume. We are currently looking at having the 1% transaction fee reduce by 25% every time the transaction volume doubles.
TeamThe team consists from experienced developers, designers and investors well versed in the crypto world.
Team members are:- Boris Povod (creator, nodejs developer).
- A.M. investor.
- Vladimir Gorshunov (nodejs developer, frontend, sdk).
- Anton Evsigneev (designer).
- Vyacheslav Gusev (designer)
- syrenity (developer)
- Mike Doty (engineer)
- GreXX (creative design)
Screenshots
Beta version (development)http://crypti.me:6040/ - is development version of wallet. In testnet.
- PoS working only on our account, on next week we will up new nodes and make PoS for all
- Free Crypti for users
- Merchant addresses
- 1% fee. But it will be changed soon to new model, look at The 1% Transaction Fee
- Updates will be posted each week before 30 July, then we will publish wallet for all
This is development beta version, if you found some issues, notify me via PM please.
We will fix it ASAP.
TimelineOur plan:
- Finish wallet - 30 July
- Functional for custom blockchains and SDK - 1-15 September
- Listing on exchange (goal) - August
- First app on custom blockchains - November (first weeks)
Twitterhttps://twitter.com/CryptiCoin - follow us
Sitehttp://www.crypti.meWhitepaperhttps://github.com/crypti/whitepaper [ANN] Crypti | Release 1st July | 100% POS | New Source
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Crypti is a new crypto-currency designed from the ground up to solve the biggest problem with other currencies - lack of purchase motivation. Crypti is being built from scratch. It will not rely on any other crypto-currency code.
Crypti uses a combination of proof-of-stake algorithms making it first of a kind.
Crypti is being developed in lightweight Node.JS, and can run on every device out there, including embedded nodes.
Guaranteed Features
•Custom block-chains, allowing anyone to launch their own chain with custom rules
•Combination of 3 PoS algorithms:
◦ Proof-of-Purchase (purchases done since the last won forged block)
◦ Proof-of-Time (node running up-time)
◦ Proof-of-Identity (merchant address real-life validation)
•Ed25519 DSA for increased security.
•1 minute block time, pending on the network activity and node uptimes.
•PoS retargeting on every new block.
•Password protected wallets that allow recovery from seeds.
•RESTful API for easy and fast interaction with Crypti nodes.
Beta
The beta will be launched in synch with the pre-sale, in order to let the potential investors to experience Crypti potential. The beta will provide the following features:
•Test-net block-chain with P2P connectivity
•Proof of Purchase (PoP) / Proof of Time (PoT) / Proof of Identity (PoI) Forging
•Web wallet
•RESTful API
•Merchant accounts with validation
Pre-sale
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.
The pre-sale will start on June 30th 11:00 UTC.
The pre-sale will last 1 week and we will accept Bitcoin only. In order to encourage people not to wait until the last day to invest, an investment structure rewarding early adopters will be used.
A bonus of 30% increase in stake will be awarded at the beginning of the pre-sale. This will be continuously reduced over the course of the sale to a final 0% bonus at the end of the sale.
Investments will be made to a pre-sale address, to be published towards the pre-sale start.
Please note that after the pre-sale is finished it might be possible that the project is not yet ready for release. We are aiming to provide a public beta before the start of the pre-sale.
The source code of the complete project and following updates will be provided in quarterly releases. This will protect investors against early clones.
The pre-sale will end on July 7th, 10:00 UTC. Each week ends on Monday 24:00:00 UTC.
To enter Pre-sale send between 0.1 (min) - 0.5 (max.) BTC to this adress: 1E1pGwb8iGh41FUb8FgcNK5i3S3rew2L1T
After sending BTC write me a pm, with amount of BTC you invested, plus transaction ID.
After Pre-sale has ended coins will be distributet equally amongst all IPO investors. We will contact you through pm!
Pre-sale funds usage
The raised funds will be set aside for the post-launch development of Crypti. It will be kept in a public account so all transactions could be monitored. It will cover the following:
•Ongoing R&D of new capabilities and features
•Marketing / Exposure
•Refinement of the Wallet, Website, & Exchange
•Bounties & Gifts to support the community
•Other post-launch related expansion as necessary
Crypti allocation
•75% of the genesis block will be devoted to the pre-sale auction and will be sold to the community
•15% of the genesis block will be devoted to the initial investor, the creator and lead developer of the project, and the Crypti R&D team
•10% of the genesis block will be devoted to the post-launch development of Crypti, along with the pre-sale funds. It will also be kept in a public account so all transactions can be monitored, and cover the development tasks described above.
Development Funds / Initial Distribution
For the development funds. We are going to keep the 15% the way it is.
The 10% will work in a different manner and will not be guaranteed. We will adjust the 10% based on the amount of BTC raised in the pre-sale. Right now the plan is to lower the 10% by 1% for every 50 BTC raised in the pre-sale. So a quick breakdown would look like this:
•0 BTC = 10%
•50 BTC = 9%
•100 BTC = 8%
•150 BTC = 7%
•200 BTC = 6%
•250 BTC = 5%
•300 BTC = 4%
•350 BTC = 3%
•400 BTC = 2%
•450 BTC = 1%
•500 BTC = 0%
We decided on this scale because we believe 500 BTC will provide substantial development funds for future growth of Crypti and therefore would require no additional funding from the launch.
The additional percentage not allocated to the developer fund will be added to the 75% of genesis awarded to pre-sale investors.
The 1% Transaction Fee
As per the 1% transaction fee, we area also looking at a sliding scale based on volume. We are currently looking at having the 1% transaction fee reduce by 25% every time the transaction volume doubles.
Team
The team consists from experienced developers, designers and investors well versed in the crypto world.
Team members are:
•Tim Sanders (creator, nodejs developer).
•A.M. investor.
•Andrea Weiss (nodejs developer, frontend, sdk).
•Tommy Slavic (designer).
•Karin Slavic (designer)
•Jason Leu (developer)
•Micheal Grammel (engineer)
•Grue (creative design)
Screenshots
Site
http://www.crypti.meWhitepaper
https://github.com/crypti/whitepaperThis thread will be locked because of Spammers and Scammers and of course haters. PM me if you have questions!
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