We are glad to announce that CDRT Tokens were released and soon we will start to transfer it to investors. The source code and transactions can be viewed one
Etherscan.
Meanwhile we give short update on our Smart Contract:
Initial Supply of CDRT Tokens is 50.000.000. When CDRT Tokens will be sent to investors, distributed between Bounty participants and Team, CREDEROOM will destroy what will remain. This should happen until 22 November 2017. Smart Contract has no way to release new tokens.
We’ve set a Master Lock on all tokens transfers, except form owner to investors, bounty and team until 22 November 2017. This was made to protect everyone before final Total Supply will be set.
Team and Founders tokens, that is 5% of total, will be locked from sale for 1 year. These tokens can’t be unlocked before 15 November 2018 and will unlock automatically when time will come. CREDEROOM will publish all Team and Founders addresses and everyone will be able to check the lock, frozenAccount function can be used.
All Ethereum crypto currency transferred to Smart Contract address will be used for Reward Campaigns. CREDEROOM as said in whitepaper each year will obtain crypto currency and will transfer it to Smart Contract address for Reward Campaigns.
Smart Contract has 2 variables:
peBalance and
bbBalance. These variables will be updated each year on 10 and 15 October with current year Profit Equivalent and Buy Back Campaign funds.
Amount of Ethereum in
peBalance will be distributed among all CDRT Tokens holders. To receive your part of these funds to your Ethereum address you will have to use
claimProfitEquivalent function. To check what is your share of Profit Equivalent you can use
snapShot with year (YY format) and your Ethereum address as params.
buyBackPrice will be updated frequently with current market price of CDRT Tokens. In order to sell and destroy CDRT Tokens you will have to use
execBuyBack function, with quantity of tokens you would like to sell and destroy. If
bbBalance will be enough to pay buyBackPrice you will receive Ethereum funds on your address and CDRT Tokens will be destroyed. Once tokens destroyed it can't be restored.