Cowrium, A blockchain project being developed to help Small and Medium Enterprise
A Multidimensional Blockchain & Smart Contract Innovation driven by Cowrie
Preface:BlockChain & Small and Medium Enterprise;Small and medium-sized start-ups face many problems in the existing business environment. Despite the fundamental role of these businesses in macroeconomics and the growth of GDP and other national indicators, smaller firms face more barriers to entry into the market and are more vulnerable to conditions that rarely bother larger firms. Today, more rules are in place for larger companies, and finding capital, economies of scale, payment procedures, and the use of other ancillary services, both of which are essential, still retain the time and resources of small businesses. Businesses have quickly found that such a self-reliant data structure can be used for things beyond cryptocurrencies, using the blockchain’s ability to automatically and independently reach users. This technology can bring products and services to the market cheaply and quickly, and reduce the traditional burden of security costs, customer recognition costs, data storage, and other overhead costs. This not only reduces costs, but also allows businesses to compete with each other at a higher level, no matter how large they are.
Regardless of the potential for blockchain potential for small and medium-sized businesses, how to fund new ideas is the best outcome. Small businesses typically have trouble committing to spending time on a bank loan and wasting time allocating time to other tasks. Even after a time monopoly between the owner and the accounting team, the sensitive cash flows of a start-up business are heavily liable for interest payments on loans and collateral threats. Gambling investment, which is a modern way of raising capital, has also been eliminated by blockchain.
Blockchain is the main motivation for the new trend of initial coin supply. Startups try to gain capital by introducing their encrypted tokens to those interested in the market by visiting other new companies.
Regardless of the potential for blockchain potential for small and medium-sized businesses, how to fund new ideas is the best outcome. Small businesses typically have trouble committing to spending time on a bank loan and wasting time allocating time to other tasks. Even after a time monopoly between the owner and the accounting team, the sensitive cash flows of a start-up business are heavily liable for interest payments on loans and collateral threats. Gambling investment, which is a modern way of raising capital, has also been eliminated by blockchain.
CowriumCowrium is a blockchain project being developed to help Small and Medium Enterprise to easily adopt comprehensive blockchain solutions to better reach thousands of customers who conduct business through the SME industry.
In other words, Cowrium is an all encompassing digital economy powerhouse, building the future of Cryptocurrency, a Multidimensional Decentralized Blockchain smart contract Platform & home to Cowrie its native Cryptocurrency purposely encouraging SMEs and giving power back to the people either as Consumers or Merchants with the ability to buy products/services and accept payment through cryptocurrency of their choice respectively. The Platform is sensitive to the plight of consumers, merchants and innovators.
Cowrium Features:The Cowrium project consists of the following 5 entities:
· A multidimensional smart contract
· Cowrie — A mass-oriented cryptocurrency
· CowDEX — An highly secured decentralized Exchange
· ErrandBoy — A DAP that allows you to send crypto & receives in Fiat
· Cowrie Stability AI — An artificial intelligence system that can predict the market and help suggest a foreseeable solution — while the buffer system helps stabilize Cowrie and protect it from market volatility.
The top applications on the Cowrium platform are: A multidimensional smart contract Cowrie — A mass-oriented crypto CowDEX — An highly secured decentralized Exchange ErrandBoy — A DAP that allows you send crypto & receives in Fiat Cowrie Stability AI — An artificial intelligence that can predict the market and help suggest a foreseeable solution A user of the Cowrium platform as well as the holders/investors of the project will get access to all these apps, along with the ability to use the platform/apps for their business growth. Benefits: Well, the existing crypto system doesn’t make it very easy for just anyone to invest in or benefit from the high-potential blockchain technology for things like making low-cost, cross-border payments, etc. Also, there is a serious lack of real-world applications that utilise cryptocurrencies. Cowrium aims to change that with a blockchain ecosystem that will help small businesses easily adopt blockchain solutions to enhance their customer reach and grow the business with advanced tech resources. Some of the features that make Cowrium better than most other blockchain platforms include a multi-currency payment system, smart contract library with 2-hop (PoW/PoS) protocol, atomic swap, intelligent pooling system, hyperblock technology, enterprise private contracts, recurring & scheduling payments, PrivateSend, support for multiple cryptographic algorithms, signing & address via Polysig, InstantSend, Smart Contract interaction between child chains, interoperability between the Conventional Ledger and Old Legacy System (Banking) and the New Ledger (Blockchain), merchant web solutions, multicoin browser & mobile wallet, custom HTML APIs for small & medium enterprises, prepaid debit card for consumers, merchant loyalty program, and referral rewards. Why you should invest (buy Cowrie coin) The Cowrium project will benefit individuals and businesses alike, no matter the industry or niche. It will enable an easy and secure way of making cross-border digital payments, converting crypto to fiat and trading on the crypto market with high liquidity. Early participants of the sale can benefit more by availing exclusive discounts and bonus offers. As the price of the Cowrie coin increases with demand over time, the long term investors can benefit from huge returns on their investment The Cowrium platform and its cryptocurrency (CWR) can be used by masses and in a range of industries, thus overcoming the limitations of other existing coins. Cowrie is a feature-rich, user-oriented and exchangeable cryptocurrency that will benefit all types of investors in the following ways: Early participants of the Cowrium project can benefit by availing interesting discounts, freebies and bonus offers on the CWR coin sale (ICO). Long-term holders can benefit by purchasing CWR coins at a relatively lower price (now or during the sale), holding them for a significant period and then selling at a much higher price in the near future. Cryptocurrency enthusiasts, who are looking to join new opportunities in the crypto space or waiting for the next big blockchain revolution, can join the project as an investor or a user.. Cowrie Coin Purchase Methods Cowrium ICO investors can use the following methods to pay for their coin purchases during the sale: CRYPTO: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), Bitcoin Cash (BCH), Binance Coin (BNB), Tether (USDT), TRON (TRX), Dash (DASH) FIAT: Dollar (USD) Join our telegram group to stay updated with the latest project development updates and news and to clear your doubts/queries about the project.
The Cowrie coin, which is the official cryptocurrency of the Cowrium platform, represents a digital currency that will effectively replace the physical money. The aim is to increase the adoption of blockchain technology through an easy-to-use platform.
Cowrium uses a 2-Hop network. In the first hop, miners identify blocks and record transactions on to the blockchain. The miner, of course, is rewarded with the new coin mined in return. The other hop consists of Masternodes that are hosted on virtual private servers (VPS). These are special servers that enable instant and private transactions, budgeting as well as decentralized governance.
Mining : The Cowrium blockchain combines in-browser mining with Mobile Mining as a support system for the CPU and GPU miners, allowing for Cowrium’s hash rate to be truly decentralized, protected against 51% attacks and providing better profitability for web and mobile miners.
Masternodes : Masternodes: The Cowrium POS Masternodes is similar to Dash’s, which provides to the network near-instant and secures payments as well as anonymous transactions. The Cowrium Blockchain allows CWR holders to earn fixed rewards through staking, in return for their help to secure the network.
● Multicurrency Payment System — enabling Merchants and Consumers to make/receive payments in any Coin via dedicated mobile and web apps.
● Smart Contract interaction between child chains — capability permits the interoperability of block chains through Cowrium and Private Masternodes.
● Multicurrency ICO Platform — that gives ICOs the ability to accept payments in any Cryptocurrency of their choice.
● Smart Contract Library — that implements the 2-hop — Proof of Work vs. Proof of Stake — protocol as compared to the traditional PoW (1-hop) for higher security and easier implementation.
● InstantSend — The near-instant payments known as InstantSend technology, is designed to average at 0.5 secs per transaction compare to Dash 1.3 seconds.
● PrivateSend — The technology mix your funds through the Masternodes network, making near-impossible to trace back the origin of the funds.
● Enterprise Private Contracts which can be executed only by users willing to participate in the contract but can be verified publicly.
● Intelligent Pooling System — effectively resolves the Mempool overload issue of traditional blockchains by prioritizing transactions to prevent delays.
● Hyperblock technology — provides higher performance & scalability by regularly compressing transactions, thus reducing blockchain size and ensuring less RAM/ drive space requirements.
● Support multiple cryptographic algorithms, signing & address via Polysig — Providing protection against quantum attacks .
● Atomic Swap — a smart contract feature enabled in the Cowrium wallet of users that allows exchange between different cryptocurrencies (coins) without a third-party.
● Recurring & Scheduled Payments a feature that enables users to schedule recurring or subscription payments via their wallets.
● Referral Rewards Program — Enable customers and merchants to earn more by referring others to join the platform.
● Merchants Loyalty Program — Allow Merchants through their website/app to give back to Users, rewards in the form of Mined CWR coins.
[youtube]https://youtu.be/pda-sQWwrJs[/youtube]
Project teamWith regards to the team project cowrium, then there is a very strong core team.
Project RoadmapIn the picture below, the project roadmap gas been described:
Token Economics:Cowrium ICO Details:Type: Pre-ICO
Category: Finance
KYC of investors: Yes
Goal of funding: 10 000 000 USD
Tokens for sale: 1 000 000 000 CWR
Token price: 1 CWR = 0.075 USD
Minimum purchase: 1 000.00 CWR
Maximum purchase: 10 000 000.00 CWR
Airdrop program: Yes
Bounty program: Yes
Have escrow agent: Yes (Automatic)
Have working prototype: No
Currencies: BTC, ETH, LTH, USD, NGN, DASH, XRP, XLM, BNB, BCH, USDT
Type: Coin
Location: Nigeria
For further Information please visit:● Website:
https://www.cowrium.net/● Whitepaper:
https://www.cowrium.net/cowrium-whitepaper.pdf● Facebook:
https://www.facebook.com/cowrium/● Telegram:
https://t.me/cowriumgeneral● Twitter:
https://twitter.com/cowrium/● Medium:
https://medium.com/@cowrietoken
