[ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!]

[Gucci999]

the total supply is 1,000,000,000  out of which 60% is going to be distributed for pre-ICO and ICO. So together 600,000,000 CS,  at the hard cap of $20,000,000. Simple math tells me this results in about 0.033 cost per token, while  I would actually receive only 5000 CS tokens for 1ETH ..  (thats about $0.20 these days) .  So which part am I understanding wrong here?

600.000.000 tokens , but not all of them will be sold . When hard cap will be reached ICO will be stopped.All unsold tokens will be burnt

What is your estimation then what a supply will be with 20M usd cap reached?

Nearly 150-200 mln USD will be in circulation after ICO. You can calculate according to last ETH price

[1715238331]

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[1715238331]

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[1715238331]

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[Karamen35]

how sure are you guys that you will 100% fulfill what's stated in the whitepaper? Will there be more developers added to the team in the future?

[Haonam152]

Admin I see in your web and see "Your whitelist status: Registered in the Whitelist" Do I need to send your KYC?
and see this text "Comment from CREDITS: Information required for ICO" what does it mean?

[alexzoxyl]

If I understand this correctly, we can expect about 85,000,0000 will be sold during ICO if hard cap is reached, and estimate on currect eth price.  Does this mean, the rest of difference between 600,000,000 cs will be burned? Thats about 515,000,0000

[Basasa35]

I got below email. You have applied for Credits' whitelist with a contribution of 10 ETH. We are approaching you to ensure your interest in our project and confirmation that your account is real and you are planning to participate in our ICO. Please reply to this email for confirmation.
Thank you!
 Does it mean that I am approved for 10ETH?

[Sucess]

60% of 1bn tokens for ICO means 200,000 eth and 200M usd caps?

[afni21041506]

1,000,000 transactions per second? LOL / and then it goes on to say .01 seconds per transaction. watched in the video on ico website
can you explain sir?

[NakiRR]

1,000,000 transactions per second? LOL / and then it goes on to say .01 seconds per transaction. watched in the video on ico website
can you explain sir?

You should start read and learn tech information before making such posts, or you will be newbie forever )

[NakiRR]

Admin I see in your web and see "Your whitelist status: Registered in the Whitelist" Do I need to send your KYC?
and see this text "Comment from CREDITS: Information required for ICO" what does it mean?

It is not necessary to provide detailed verification if your contribution is less than 10 ETH.

[CoinMenX]

waitting for github release 

[NakiRR]

the total supply is 1,000,000,000  out of which 60% is going to be distributed for pre-ICO and ICO. So together 600,000,000 CS,  at the hard cap of $20,000,000. Simple math tells me this results in about 0.033 cost per token, while  I would actually receive only 5000 CS tokens for 1ETH ..  (thats about $0.20 these days) .  So which part am I understanding wrong here?

600.000.000 tokens , but not all of them will be sold . When hard cap will be reached ICO will be stopped.All unsold tokens will be burnt

What is your estimation then what a supply will be with 20M usd cap reached?

It is not simple to calculate it at this moment, because the team has many different marketing/public relations expenses, venture investors distribution etc. and there were many different bonuses in pre-sale/pre-ico periods and the price of ETH was icreased x4-4.5 from the start of sales. A common user can't know all components of the calculation formula so, i offer you don't worry and wait the fully report about it from the team after ICO, as they promissed.

[gartmah]

Credits Platform to be Applied in All Areas of Economy



CREDITS is an open blockchain platform with standalone smart contracts and an internal cryptocurrency. Due to its technical characteristics, CREDITS provides more than 1 million transactions per second with minimum fees up to 0.001 $. The platform provides an opportunity to create your own decentralized applications using smart contracts and an open data registry.

https://hype.codes/credits-platform-be-applied-all-areas-economy

[Karl Max]

Hype.codes made a research where exactly CREDITS blockchain platform can be applied. CREDITS can be used in different industries and businesses, starting from financial sector to medicine and internet of things. For example, the article says:

"The CREDITS blockchain platform can be applied in all areas of the economy, where high level of data security, fast data processing and automation of business processes are required."

More information at https://hype.codes/credits-platform-be-applied-all-areas-economy
#blockchain #ICO #CREDITS

[NakiRR]

I think it is a good project, but the token economics really concerns me.
The presale has a huge bonus. It is probable that they will dump it when it is listed on exchanges.

i think it is one of not very many coins which we should hold, i hope investors will do the same. Personally i like new blockchains which are developing blockchain ecosystem as a whole, and i think there are many reasons to HODL it, at least until the Beta release or even longer

[Ethminer2x]

Is KYC request to join please?

[NakiRR]

Is KYC request to join please?

If your contribution is less than 10 ETH then NO, yo don't need to pass through KYC. But you should be Whitelisted via official site

[alglad]

Hi! For how long tokens are reserved for you, if u are whitelisted?

[cerealcreep]

Why are there 600M tokens advertised for the ICO if the hard cap is only 20M? So many coins will be burned, why advertise 600m in the first place? Any reasoning behind this?

$20M hard cap is roughly 18,000 ETH. 18,000 x 5,000 (5k tokens per ETH in ICO) is roughly 90m tokens. So they are going to burn 500k tokens?

Thanks

[RonMank]

Why are there 600M tokens advertised for the ICO if the hard cap is only 20M? So many coins will be burned, why advertise 600m in the first place? Any reasoning behind this?

$20M hard cap is roughly 18,000 ETH. 18,000 x 5,000 (5k tokens per ETH in ICO) is roughly 90m tokens. So they are going to burn 500k tokens?

Thanks

Because they have no clue

[Lucasgabd]

Hey,
created a steemit article about CREDITS.
I invite you all to check it

https://steemit.com/cryptocurrency/@lucasgabd/smart-contracts-and-currency-with-fast-transaction-times-and-inexpensive-fees-check-credits