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Author Topic: [ANN][CRB] Creditbit - ERC20 token  (Read 362594 times)
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DXB2017
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March 01, 2017, 10:15:54 PM
 #1341

Look like dev team work on site.
Cant wait to see new site!

https://www.creditbit.org/

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CreditBit-dev
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March 01, 2017, 10:33:39 PM
 #1342

Isnt this the date for the release of the new website?

Yes it is! We have a new official website!

http://creditbit.org/

P.S.: ATM, the website's focus is on the migration process. More content will be added later.

logictense
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March 01, 2017, 10:37:59 PM
 #1343

Hello guys, I believe you are experts here so can you help me answer some questions? Smiley 1, In what category is the Creditbit first? In what category Creditbit promotes itself? 2, What new features this coin creates? How is it unique? 3, Are promises kept by devs? 4, Are features on roadmap delivered regularly? 5, What is overall state of development? 6, Can I find somewhere number of daily transactions?

Hey razor,
we are glad that you have raised this questions and are honored to answer them.

1. Creditbit will be a payment system for a Credit ecosystem of smart contracts. It's kinda hard to categorize the whole project as it has been planned as a collection of accompanying decentralised applications.
CreditDAO - Decentralised and censorship free governance. (Our take on fair and transparent democracy)
CreditGame - Decentralised gaming that rewards players for their commitment.
CreditBay - Decentralised comodity market, governed by the community.
CreditIdentity - Identification over the blockchain for those that want to be transparent in their endeavours.

about the promotion, when CreditDAO will be launched anyone will be able to join our promo team and help us with marketing, for that he/she will allso be compensated through a totally new way bounty system(We don't talk about it because the idea is not yet finalised, but if anyone want to help us please PMus on slack)

2. The coin will be a standard ERC20 compliant token on ethereum network. The additional features that the coin has(besides the accompanying projects that are fully integrated with the coin) are: New distribution system POP/T, locking mechanism, possibility of lending the coins and have collateral on the chain, the possibility to co create the whole development/marketing process if you are a holder, of course all the features of the ethereum network(fast block times, additional data in the transactions, strong and secure network) and much much more.

3. We hope so, we have just started and are doing the best we can to deliver even more that we have promissed.

4. We understand that the deadlines are constantly broken with almost every crypto project in this space. With that in mind we are doing the everything that the deadlines will be met or even surpassed!

5. We are hard at work, our whole team is preparing for the migration process that will start on 8. march. For other details please wait we will post development update soon...

6. At the moment you are able to see the transactions on one of the 3 block explorers (example: https://creditsight.creditbit.org/), but this is the old coin, for the new one you will see the transactions on ether scan when we will deploy the token.

Hope we answered all of your questions, if not please ask in more detail

and again thanks for the questions Wink,

yours, Credit Dev Team

Now where can you find such a dev team that makes time to answer ALL the questions???

You guys are THE BEST and that is why I invest in this project!

If u give 30 dollars to an average unemployed woman under 60, she will certainly find time to set it forth, and the quality of the reply will be astonishing. Stop bothering about details and look at the bigger picture, 90 percent of what has been stated is far from being real.

LowByter
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March 01, 2017, 10:38:12 PM
 #1344

Isnt this the date for the release of the new website?

Yes it is! We have a new official website!

http://creditbit.org/

P.S.: ATM, the website's focus is on the migration process. More content will be added later.



Wooohooo!!!

And I see you kept the name!

CreditBit!!!!!

LowByter
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March 01, 2017, 10:40:18 PM
 #1345

Hello guys, I believe you are experts here so can you help me answer some questions? Smiley 1, In what category is the Creditbit first? In what category Creditbit promotes itself? 2, What new features this coin creates? How is it unique? 3, Are promises kept by devs? 4, Are features on roadmap delivered regularly? 5, What is overall state of development? 6, Can I find somewhere number of daily transactions?

Hey razor,
we are glad that you have raised this questions and are honored to answer them.

1. Creditbit will be a payment system for a Credit ecosystem of smart contracts. It's kinda hard to categorize the whole project as it has been planned as a collection of accompanying decentralised applications.
CreditDAO - Decentralised and censorship free governance. (Our take on fair and transparent democracy)
CreditGame - Decentralised gaming that rewards players for their commitment.
CreditBay - Decentralised comodity market, governed by the community.
CreditIdentity - Identification over the blockchain for those that want to be transparent in their endeavours.

about the promotion, when CreditDAO will be launched anyone will be able to join our promo team and help us with marketing, for that he/she will allso be compensated through a totally new way bounty system(We don't talk about it because the idea is not yet finalised, but if anyone want to help us please PMus on slack)

2. The coin will be a standard ERC20 compliant token on ethereum network. The additional features that the coin has(besides the accompanying projects that are fully integrated with the coin) are: New distribution system POP/T, locking mechanism, possibility of lending the coins and have collateral on the chain, the possibility to co create the whole development/marketing process if you are a holder, of course all the features of the ethereum network(fast block times, additional data in the transactions, strong and secure network) and much much more.

3. We hope so, we have just started and are doing the best we can to deliver even more that we have promissed.

4. We understand that the deadlines are constantly broken with almost every crypto project in this space. With that in mind we are doing the everything that the deadlines will be met or even surpassed!

5. We are hard at work, our whole team is preparing for the migration process that will start on 8. march. For other details please wait we will post development update soon...

6. At the moment you are able to see the transactions on one of the 3 block explorers (example: https://creditsight.creditbit.org/), but this is the old coin, for the new one you will see the transactions on ether scan when we will deploy the token.

Hope we answered all of your questions, if not please ask in more detail

and again thanks for the questions Wink,

yours, Credit Dev Team

Now where can you find such a dev team that makes time to answer ALL the questions???

You guys are THE BEST and that is why I invest in this project!

If u give 30 dollars to an average unemployed woman under 60, she will certainly find time to set it forth, and the quality of the reply will be astonishing. Stop bothering about details and look at the bigger picture, 90 percent of what has been stated is far from being real.

If this is only 10% we're in for a lifetime!

Don't be negative bro...it brings cancer Wink

chameleon22
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March 01, 2017, 10:49:48 PM
 #1346

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit  Shocked

Good bye cheap coins  Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!  
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.
LowByter
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March 01, 2017, 11:00:10 PM
 #1347

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit  Shocked

Good bye cheap coins  Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!  
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.

But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

DXB2017
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March 01, 2017, 11:05:07 PM
 #1348

Isnt this the date for the release of the new website?

Yes it is! We have a new official website!

http://creditbit.org/

P.S.: ATM, the website's focus is on the migration process. More content will be added later.




WTF...i can say only WOW!
Thanks Dev team.
Thanks god i did not sold my coins few months ago!
You guys make my life happy.
Thanks!

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chameleon22
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March 01, 2017, 11:15:03 PM
 #1349

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit  Shocked

Good bye cheap coins  Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!  
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.



But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

My friend, you assume someone will 'want' to buy all the Creditbits in your scenario... why do you think someone will not buy all of them in my scenario? It's all a matter of who wants to buy what, not math. If your theory is right, then mine is right and vice versa. Math, is another thing... believe me.

I just pointed out that this is not the way to calculate the value of a coin. It is not measured by how many are sellling it, as anyone can sell at any price, just like you say anyone can buy as much as one wants to buy.

According to your 'math' I would suggest that the 'price' can be better measured if the average derives from the buyers, not the sellers. On their Sum you may create various measurements. You may use them all (which again is not the best as someone can place a buy order at 0.00000001) or work with a thershold, for example all the buy orders starting from the highest all the way down to -20 percent from current bid. There is no accurate way to express the value other than current bid alone (not ask).

Anyway, I am sure you got my point.
LowByter
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March 01, 2017, 11:41:22 PM
 #1350

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit  Shocked

Good bye cheap coins  Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!  
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.



But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

My friend, you assume someone will 'want' to buy all the Creditbits in your scenario... why do you think someone will not buy all of them in my scenario? It's all a matter of who wants to buy what, not math. If your theory is right, then mine is right and vice versa. Math, is another thing... believe me.

I just pointed out that this is not the way to calculate the value of a coin. It is not measured by how many are sellling it, as anyone can sell at any price, just like you say anyone can buy as much as one wants to buy.

According to your 'math' I would suggest that the 'price' can be better measured if the average derives from the buyers, not the sellers. On their Sum you may create various measurements. You may use them all (which again is not the best as someone can place a buy order at 0.00000001) or work with a thershold, for example all the buy orders starting from the highest all the way down to -20 percent from current bid. There is no accurate way to express the value other than current bid alone (not ask).

Anyway, I am sure you got my point.

Completely wrong...

I said IF someone wants to buy that much he WOULD have to pay that average.

You assumed you could sell that amount in less then a minute for 1btc each...that's hilarious...

My point is that the more you want to buy the price goes up, which is completely logical.

Your point here is to undermine the progress CreditBit made with some crazy ideas so yes I completely understand you.

chameleon22
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March 02, 2017, 12:53:52 AM
 #1351

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit  Shocked

Good bye cheap coins  Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!  
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.



But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

My friend, you assume someone will 'want' to buy all the Creditbits in your scenario... why do you think someone will not buy all of them in my scenario? It's all a matter of who wants to buy what, not math. If your theory is right, then mine is right and vice versa. Math, is another thing... believe me.

I just pointed out that this is not the way to calculate the value of a coin. It is not measured by how many are sellling it, as anyone can sell at any price, just like you say anyone can buy as much as one wants to buy.

According to your 'math' I would suggest that the 'price' can be better measured if the average derives from the buyers, not the sellers. On their Sum you may create various measurements. You may use them all (which again is not the best as someone can place a buy order at 0.00000001) or work with a thershold, for example all the buy orders starting from the highest all the way down to -20 percent from current bid. There is no accurate way to express the value other than current bid alone (not ask).

Anyway, I am sure you got my point.

Completely wrong...

I said IF someone wants to buy that much he WOULD have to pay that average.

You assumed you could sell that amount in less then a minute for 1btc each...that's hilarious...

My point is that the more you want to buy the price goes up, which is completely logical.

Your point here is to undermine the progress CreditBit made with some crazy ideas so yes I completely understand you.

Please read again my comments. I never said I (or anyone) can sell in less than a minute. I said the way you calculate 'price' can change to show extreme results, if I (or anyone) place a Sell order of that magnitude. Of course nobody can sell in a minute like this, I thought you assumed that   part and the fact that not anyone who replies is crazy.  

BTW "My point is that the more you want to buy the price goes up, which is completely logical." This is not always true. I'm sure you have witnessed huge buy volume while rates never went up if met with either legit supply or market manipulation.

All good.  ;-)
TheBitcoinRush
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March 02, 2017, 04:21:04 AM
 #1352

Creditbit is has now updated its webpage, check it out pls. ONLY 7 days left before Ether token migration.
http://www.creditbit.org

Also CRBIT will be mentioned again on BitcoinRush next week, Feb. 10th.

If you have not seen yet the exclusive CRBIT show here is the link: https://vid.me/AHLF

DXB2017
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March 02, 2017, 05:56:25 AM
 #1353

Creditbit is has now updated its webpage, check it out pls. ONLY 7 days left before Ether token migration.
http://www.creditbit.org

Also CRBIT will be mentioned again on BitcoinRush next week, Feb. 10th.

If you have not seen yet the exclusive CRBIT show here is the link: https://vid.me/AHLF



big thanks Rush to support Creditbit.
I see your friends from crypto world also support Creditbit.
Thanks

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CreditBit-dev
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March 02, 2017, 09:07:42 AM
 #1354


In case you missed it: We have a new webpage creditbit.org

For those who are eager to further elaborate on market price of CRBIT or argue on investment opportunities: we are really trying hard to encourage whole CreditBit Community to help us with migration, giving us some feedback on our plans and vision, helping us to understand the needs of cryptocurrency ecosystem, building DAO ground up, configuring development and promotional funds etc. While we strongly support freedom of speech and transparent Community, we need to guard the purpose of this ANN post. Maybe opening a new post on Creditbit coin/token market value and investment strategies would be a good idea. For now, please avoid personal dissing, trolling or insinuations, show some trust and respect to other members of the community and to the development team. We are really trying hard to deliver and respond to all your suggestions or questions.

The Dev Team
gobbi
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March 02, 2017, 10:37:28 AM
 #1355

Wow almost 1.000.000 usd trading volume in last 24 hours, this is crazy!!



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mctrader
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March 02, 2017, 10:59:30 AM
 #1356

one million volume!!! Wink
VanAllen
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March 02, 2017, 11:59:00 AM
 #1357

New website looks fantastic!

Great work guys!  Smiley
chameleon22
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March 02, 2017, 01:55:51 PM
 #1358

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit  Shocked

Good bye cheap coins  Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!  
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.



But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

My friend, you assume someone will 'want' to buy all the Creditbits in your scenario... why do you think someone will not buy all of them in my scenario? It's all a matter of who wants to buy what, not math. If your theory is right, then mine is right and vice versa. Math, is another thing... believe me.

I just pointed out that this is not the way to calculate the value of a coin. It is not measured by how many are sellling it, as anyone can sell at any price, just like you say anyone can buy as much as one wants to buy.

According to your 'math' I would suggest that the 'price' can be better measured if the average derives from the buyers, not the sellers. On their Sum you may create various measurements. You may use them all (which again is not the best as someone can place a buy order at 0.00000001) or work with a thershold, for example all the buy orders starting from the highest all the way down to -20 percent from current bid. There is no accurate way to express the value other than current bid alone (not ask).

Anyway, I am sure you got my point.

Completely wrong...

I said IF someone wants to buy that much he WOULD have to pay that average.

You assumed you could sell that amount in less then a minute for 1btc each...that's hilarious...

My point is that the more you want to buy the price goes up, which is completely logical.

Your point here is to undermine the progress CreditBit made with some crazy ideas so yes I completely understand you.

Please read again my comments. I never said I (or anyone) can sell in less than a minute. I said the way you calculate 'price' can change to show extreme results, if I (or anyone) place a Sell order of that magnitude. Of course nobody can sell in a minute like this, I thought you assumed that   part and the fact that not anyone who replies is crazy.  

BTW "My point is that the more you want to buy the price goes up, which is completely logical." This is not always true. I'm sure you have witnessed huge buy volume while rates never went up if met with either legit supply or market manipulation.

All good.  ;-)

P.S.: I just saw that you wrote: "Your point here is to undermine the progress CreditBit made with some crazy ideas so yes I completely understand you."
Since you want to hear this, I am also a Creditbit owner, and I want the best for the coin and everyone. It is YOUR messages that undermine this effort, and anyone serious and knowledgeable enough understands this. You manipulate the figures to your liking to make people believe that the value is higher than what it actually is.

I would suggest against this tactic as it is also illegal and irresponsible. Believe me; I know what I am talking. If you care about the best of Creditbit, you should present such opinions with caution and in a way that the reader sees the potential but is not "pushed" to either buy or sell any funds.

Fraudulent actions, either an official statement or just falsified and manipulated positives, will only help in holding the coin back, not move forward.
So please do not repeat accusations like I am undermining the progress or that I present crazy ideas if you want to keep this forum positive on Creditbit the right way. I believe and hope, we both want the same, it's just that we have different ways of "helping" the audience. I like things to show and be legal and tidy; you are just a bit more... enthusiastic.
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March 02, 2017, 03:06:06 PM
 #1359

Yes i also agree with Chameleon we should provide just the realistic information and not to hype and tell things that are not true it is not fair for the community and also for all creditbit holders.



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March 02, 2017, 11:57:20 PM
 #1360

Dear community,

official page is activated, migration procedure is under development. We kindly ask you to prepare your Ethereum address/wallet, so you will be prepared to participate in the first round of migration. There are still some topics to address before the migration.

No Initial Coin Offering (ICO)

Development Team decided, that there will be no ICO, so it won’t be possible to buy tokens from premined amount of tokens. Number of tokens at initial issuance will be decided at initial migration voting - this way all current owners of CRBIT will be able to participate at decision process about initial issuance.

Initial Issuance Voting

Along with migration, you will be able to cast your vote on initial token issuance.There will be two questions at initial voting:

1. How many tokens should be created at initial issuance?
2. How many non-migrated tokens should be dedicated to Development Team and how much for DAO?


To answer on a first question, you will be prompted to enter a total absolute number of issued tokens. Number will be down limited to the number of all existing CRBIT coins, that can be potentially migrated to tokens. Total Initially Created Tokens (TICT) will be distributed according to equation:

TICT = Migrated Tokens from CRBIT coins + DAO Tokens + Development Fund Tokens

With entering TICT you actually determine the number of excess tokens, that will be available for DAO and Development Fund. DAO will operate with two funds, Development Support and Promo Fund, we described both in previous posts.

You will be able to use a slider to answer on a second question. Slider position will determine, how many of these excess tokens (non-migrated) will be available for DAO and how many for the Development Fund.

Tokens for DAO will be permanently locked, DAO will be able to distribute only awards on these locked tokens obtained with Staking. Development Fund will be locked for a year period, Development Team is determined to receive the award from Development Fund after that locking period. This is our contribution to Community Trust. We believe, that this project will succeed and that tokens will still have value after this time.

Choose your votes prudently, allocating more tokens to DAO and/or Development Team should be considered as an investment in CreditBit future. More tokens for DAO support stronger Community, more available funds for helping Development, Marketing and Promotion. More tokens for Development Fund means a confirmation of our vision and deeds in first place. Development Team will be motivated to develop Smart Contracts and DAPPs faster and with extended features.

You will hear from us soon...



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