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

[leholmes12]

Hi everybody! Is it already known when the main round of the ICO starts?

[bit679]

Hi everybody! Is it already known when the main round of the ICO starts?

It’s known long ago))) ICO starts on February 1 and lasts until February 28.

[bon3s90]

Are you guys going to adjust the exchange rate ( 1 ETH = 5000 credits ) due to the increase of Ether?

[MkrKing]

What is Escrow and why will it be used on the ICO?

[ggcript]

What is Escrow and why will it be used on the ICO?

Hi there. Escrow is a way of blocking of means collected during the ICO before there’re certain conditions. It’s used in order to guarantee that investors’ means won’t be spent just for fun.

[romfish]

Hello. I don’t quite understand what role the common registry of the blocks will play in the system. Does anybody know it?

[californybit]

You’ve described the principle of operation of the registry of blocks in a very interesting way, but I didn’t quite understand how it will save the capacity of the network.

[sorrelin]

You’ve written that all the transactions will be executed under the principles of distributed register. Can you explain what distributed registry is in plain words?

[U]

where is the code?

[Gamelander]

Do I correctly understand that smart contracts in Credits will allow creating any financial services? Even the service of maintaining the funds of a person by other user in Forex market with fixed month percentage, for example?

[NakiRR]

Somehow it seems to me that working with only one main node won’t be effective. If you’re planning to attract a large number of users, one main node can just fail to deal with such a load and the service will lag, throw error message and etc. Why couldn’t you work thus issue out better?

You forgot about big data servers which will have a rights to help main nodes with data processing and shaping the blocks, and with recording transaction in blocks.

[NakiRR]

Hi everybody! Is it already known when the main round of the ICO starts?

Yes, it will start from Feb 01 and it will run until Feb 28 or till the hard cap is reached (it is 20 mln $ in ETH)

[NakiRR]

Are you guys going to adjust the exchange rate ( 1 ETH = 5000 credits ) due to the increase of Ether?

It is already adjusted amount, earlier it was 3000 CS for 1 ETH

[NakiRR]

where is the code?

You want to copy it and start your own ICO?) i already saw many such "projects" 

[NakiRR]

Do I correctly understand that smart contracts in Credits will allow creating any financial services? Even the service of maintaining the funds of a person by other user in Forex market with fixed month percentage, for example?

if i correctly understood you mean something like lending? it will be possible, it just depends on a type of smart-contract, there will be many different smart-contracts available in the nearest future.

[NakiRR]

POST FOR THOSE WHO HAVE JUST JOINED CREDITS COMMUNITY

What Is CREDITS Platform?
This software is developed by CREDITS team including their own development of a public and decentralized DLT blockchain, built-in fully self-executing smart contracts and CREDITS cryptocurrency.

Thanks to a deep analysis of users' needs, we have developed a unique and balanced system to achieve high processing speed operations - up to a million operations per second and the average duration of transaction processing from 0.1 to 3 seconds. CREDITS platform could revolutionize the world using decentralised blockchain technology.

What Are The Main Principles Of The Platform?
CREDITS platform has its own unique features built on the principles of blockchain technology: public decentralised ledger/storage system, presence of the independent nodes, the consensus model, the internal cryptocurrency CREDITS etc. But platforn does not have block system like Bitcoin and Ethereum.

What Distinguishes Your Platform From Others?
Nearly everything. We have developed a very unique architecture of ledger, new concensus protocol, new advanced full smart contracts, saving trasnsactions, transfer transactions and more. It allows the project to achieve a level of performance that is unattainable by other platforms: our speed of transaction is low as 0.1 seconds and the total number of operations ranges within more than 1 million operations per second at a low transaction cost.

CREDITS Platform Uses Open Source Software?
Yes, the development of the platform is completely open source.

Is The Platform Mining Coins?
No. Additional token releases will not be made after ICO. In the future, ERC20 standard tokens issued at ICO will be exchanged on a one-to-one basis with CREDITS platform cryptocurrency.

For Whom Is Your Platform?
The platform's target audience is highly diverse: banks and financial organizations; payment and online services; internet of things (IoT) applications created on the basis of blockchain technologies; smart contracts; and crypto currencies and fiat money, which require high speed (a few seconds) and low cost transactions.

Why The Financial Industry?
The financial industry requires high-speed processing and low transaction costs above all else. These attributes enable shopping, payments, transfers, exchange, and much more. However, CREDITS can be used not only for financial transactions, but also for other industries for which the speed and price of the transaction (e.g., IoT) are necessary.

Did You Develop A Platform For Individuals Or Businesses?
Developers, companies, and users who want to create online services. The platform is developed as an application for B2B business, but can also support B2C and C2C applications.

Will You Create Financial Products?
The CREDITS team will actively develop, maintain, and promote the platform. Accorginly, the team is committed to increasing the number of users and helping with implementation of new applications. The CREDITS team will not independently develop products for end users, such as p2p applications, online lending, funding, etc. The main task of the team is to create and foster the CREDITS platform to serve multiple industries and applications, including the financial industry.

Who Is The CREDITS Platform Best Suited To Serve?
We believe that financial services are in the early stages of utilizing blockchain technologies, as many existing blockchain platforms fail to address their primary concerns (slow transaction processing speed and high transaction fees). Additionally, existing blockchain platforms lack essential functionality necessary to build financial services for the block system, namely: personalization, KYC requirements, and credit histories. These issues are all solved by the CREDITS platform.

How Will People Use It?
The CREDITS platform is designed to be highly flexible. It can be used to perform most "obvious" blockchain functions (e.g., currency, store of value, etc.), but can also be customized for applications that the team can't yet imagine.

Where Is Your Company?
The CREDITS Foundation, which is located in Singapore, was created for the development of the platform. After the completion of development and release of the platform, The CREDITS FOUNDATION will be the sole and official representative of the platform.

How Will The CREDITS ICO Work?
CREDITS ERC20 tokens will be sold and stored on the Ether platform. After the release of the platform (scheduled for 2H2018), the ERC20 standard tokens issued via the ICO will be exchanged for the CREDITS crypto currency, which is the only payment currency of the platform.

How Many CS Tokens Will Be Available?
ICO will release up to 1 bil tokens; however, tokens not sold by the end of the ICO period will be destroyed

When Will The CREDITS Tokens Appear On The Exchange?
Within a few weeks of the end of CREDITS's ICO, ERC20 standard tokens will appear on a number of exchanges.

How Can I Participate In The Purchase Of CREDITS Tokens?
On the official credits.com site during the ICO period you will need to buy ERC20 CREDITS tokens and have an Ethereum based wallet.

[hollybit]

Greetings, readers of the forum. Tell me, has the company already succeed on pre-ICO?

[Immer]

Greetings, readers of the forum. Tell me, has the company already succeed on pre-ICO?

Credits’ success on the pre-ICO is wonderful. The hard cap was collected… The best is yet to come on the ICO.

[slavonicpl]

It’s great that in the operation of the platform there will be constant synchronization of the nodes. But I’m wondering if anybody can affect the correctness of this process from outside the platform?

[ber68dclass]

What bonus is provided for investors on the ICO?