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

[Karl Max]

Dear community, we are glad to announce that CS tokens were unlocked and are transferable. You can purchase CS tokens on EtherDelta and IDEX. All unsold tokens were burnt.

https://credits.com/en/Home/New_Ins/4318

[Karl Max]

Take a look at http://monitor.credits.com/! You can see how many users are testing our Alpha version. We are so proud that our Alpha gets so much attention! Soon we will load our system to the maximum. Wait for the updates and you will be able to see the full capacity of our network!

https://credits.com/en/Home/New_Ins/4317

[zenoff]

https://img-fotki.yandex.ru/get/245409/129639447.0/0_143613_fe5169b_orig

https://img-fotki.yandex.ru/get/249479/129639447.0/0_141261_df4cd12c_orig

Official CREDITS ANN thread

--------PreICO dates: 10th Nov 2017 - 31th Dec 2017--------

---------ICO dates: 17th Feb 2018 - 28th Feb 2018---------

Round 1 - Feb 17, one day for collecting funds from strategic partners. Total amount approx. 10%

Round 2 - Feb 18-20, two days for collecting funds from all wallets registered and approved in whitelist.
Individual cap for round 2 will be determined after closing the whitelist. Round 3 will take place if hard cap isn’t collected in Round 2.

Round 3 - Feb 20, the start of public ICO with individual cap about 1eth.

CONGRATULATIONS DEAR COMMUNITY! CREDITS ICO REACHED HARD CAP

WEBSITE / WHITE PAPER / TWITTER / FACEBOOK / TELEGRAM / LINKED IN / MEDIUM

Official CREDITS bounty thread

Registration for new participants in all bounty campaigns is closed
Appeals of current bounty members are accepted here, in form:
https://[Suspicious link removed]/SnJTte

Other Languages:
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• Chinese Simplified : (ANN, Whitepaper) • Korean : (ANN, Whitepaper) • Japanese : (ANN, Whitepaper) • Spanish : (ANN, Whitepaper ) • German : (ANN, Whitepaper) • Indonesian : (ANN, Whitepaper) • Vietnamese : (ANN, Whitepaper) • Romanian : (ANN, Whitepaper)

• Portuguese : (ANN, Whitepaper) • Dutch : (ANN, Whitepaper) • Italian : (ANN, Whitepaper) • Bulgarian : (ANN, Whitepaper) • Slovenian : (ANN, Whitepaper) • Thai : (ANN, Whitepaper) • Danish : (ANN, Whitepaper) • Greek : (ANN, Whitepaper)

• Hindi : (ANN, Whitepaper) • Polish : (ANN, Whitepaper) • Russian: (ANN,Whitepaper) • Turkish: (ANN, Whitepaper) • French: (ANN, Whitepaper) • Filipino: (ANN, Whitepaper) • Arabic: (ANN, Whitepaper) • Croatian : (ANN, Whitepaper)

ICO caps
Soft cap $15 mln USD
Hard $20 mln USD
Min cap $1.5 mln USD
1 ETH = 5 000 CREDITS (CS)

Presentation / ICO

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https://i.imgur.com/B6Fstql.png?2 [Download]

https://i.imgur.com/dwiW2Hh.png?1 [Download]

https://i.imgur.com/UmTdyqJ.png?1 [Download]

https://i.imgur.com/3FbOTyS.png?1 [Download]

PROBLEM

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Creation and performance of financial products on the basis of blockchains and smart contracts with quick transactions

GOAL

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The creation of a decentralized sector of financial services on the basis of the participant(s), bypassing specialized financial institutions such as banks and intermediaries

WHY CAN'T THIS BE DONE NOW?

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Popular platforms like Ethereum are not ready for financial transactions due to a slow rate of 0.5-15 minutes and a price of about 0.02-0.5 dollars per transaction. This is unacceptable for the financial industry.

CREDITS - creates a new platform for the operation of financial products on a unique scheme of building a blockchain/ledger with smart contracts, which achieves:

• A speed of processing transactions up to 1 million transactions per second
• An average processing time of 3 seconds per transaction
• Very inexpensive processing cost

BITCOIN / ETHEREUM
• Approximately 100 operations per second
• Average processing time of 0.5-15 min
• Cost up to 0.02-0.5 dollars per transaction

CREDITS aims to achieve a performance of 1 million transactions per second, an average processing time of 3 seconds and a mean peak value of 10 seconds.

The system is a distributed database with the principles of a blockchain/ledger - decentralized management and transfer of digital assets, invariability of records.

1. Distributed, decentralized storage and open source.
2. Support for public and private networks
3. Each entry is entered into the database of the blockchain/ledger without Merkle trees and sidechains by the processing of consensual transactions.
4. Coded in C/C++ with OOP principals - has the ability to build other compilers
5. Permissions set at the transaction level
6. The system is scalable (as the number of nodes increases, the number of transactions
processed per unit of time increases)
7. Transactions are added to the block for later consensus
8. Consensus model: federal with a mechanism for resolving most nodes with the permission to make a decision.
9. Virtual machine (VM) is used for executing smart contracts. Each contract executes in a separate isolated environment for increased security in VM, development is allowed in script languages (for example, JavaScript), extended work with the calendar and scheduler
10. PoW (Proof-of-work) + PoC (Proof-of-Capacity). Coins are issued in advance for a certain amount.

Bitcoin - payment system and money unit. The task is only to pass from one user to another. Slow blockchain
Similar: public blockchain/ledger, the internal cryptocurrency
Differences CREDITS: fast blockchain/ledger, the availability of smart contracts, orientation on the financial sector, supports different currencies

Ethereum - emphasis on the creation of smart contracts and recording them in the blockchain. All else is solved through the use of third-party services. Oriented for all industries. Slow blockchain
Similar: smart contracts, internal cryptocurrency
Differences CREDITS: another quick blockchain/ledger, supports different currencies, uses an internal system of calculations, focused on the financial sector

Ripple - only used as a settlement system and currency exchange. Closed for developers and companies
Similar: fast blockchain/ledger, a system settlement for different currencies, focused on the financial sector
Differences CREDITS: the availability of smart contracts, an open developers platform, any company can connect to the platform

What is CREDITS?

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New open platform CREDITS for creation and management of financial services on the basis of the blockchain/ledger

The unique system of building a blockchain allows you to build financial services with high speed transaction processing up to 1 million per second and average speed transaction processing in 3 seconds. CREDITS truly opens up new opportunities to use the blockchain technology in the financial sector.

NEW GENERATION OF BLOCKCHAIN

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https://credits.com/html-template/img/icons/L1.gif SUPER HIGH SPEED Blockchain with up to 1 000 000 transaction per second

https://credits.com/html-template/img/icons/L2.gif   PROCESSING TIME Average processing time is 3 second per transaction.

https://credits.com/html-template/img/icons/L3.gif   VERY LOW PRICE Very low cost of transaction.

CREDITS platform offers new and unique technical implementation of blockchain technology, smart contracts, data protocol and has its own internal cryptocurrency.

It is a platform with completely new technical network capabilities, speed, cost of transactions and total number of operations per second. It is an open platform which means that users and companies can create online services that implement the blockchain protocol.

We offer a new product for users. We designed new features by creating new algorithm to search for a consensus; a new scheme registry; an algorithm for processing and maintaining transaction - based solutions for finite state machines based on the model of Federal voting nodes.

The CREDITS platform offers a solution to low speeds and high transaction costs. It expands the potential which blockchain technology has for the financial industry and the Internet of Things.

.	https://credits.com/html-template/img/icons/Blockchain.gif Blockchain Distributed, decentralized storage and open source code. Support for public and private networks.	https://credits.com/html-template/img/icons/Transactions.gif Transactions Each record is entered into the blockchain of the block-less database without Merkle trees and sidechaines by processing consensual transactions.	https://credits.com/html-template/img/icons/Formingofblocks.gif Forming of blocks Set permissions at the transaction level. Transactions are added to the block for the subsequent finding of a consensus on the algorithm for finding the solution of the finite state machine
.	https://credits.com/html-template/img/icons/Consensusmodel.gif Consensus model Consensus model: federal with a mechanism for resolving most nodes with permission to make a decision.	https://credits.com/html-template/img/icons/Smartcontracts.gif Smart contracts Each smart contract is performed in a separate isolated virtual machine environment, allowing development in script languages ??(JavaScript), extended work with the calendar, scheduled	https://credits.com/html-template/img/icons/System.gif System The system is scalable (as the number of nodes increases, the number of transactions processed per unit of time increases). The lack of PoW protocol (Proof-of-work). Coins are issued in advance in a certain amount

Technical features

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.	Features	CREDITS	Bitcoin	Ethereum
.	Blockchain and Smart Contracts
.	• Transaction Speed	• 1 000 000 transaction per second (up to)	• 10 transaction per second	• 500 transaction per second (up to)
.	• Block Interval	• 3 seconds (average)	• 10 minutes	• 15 seconds
.	• Block Size	• Dynamic	• 1 Mb	• Dynamic
.	• Consensus Algorithm	• modified FA(Federated Agreement + PoW + PoC)	• Proof of Work	• Proof of Work
.	• Flexible configured blockchain	• Yes	• No	• No
.	• Coins	• CREDITS	• Bitcoin	• Ether
.	• Smart contacts	• Yes	• No	• Yes
.	• Blockchain type	• public, private	• public	• public
.	• Turing-complete code for developing smart contracts	• JS equal language	• Non-systematic	• Solidity, Serpent,etc
.	• Decision Making Process	• Democratic Congress (One node=One vote)	• Non-systematic	• Non-systematic
.	• Speed executing contracts	• 100 000 transaction per second (up to)	• Non-systematic	• 100 transaction per second (up to)
.	• User technical features
.	• Crypto algorithm	• Symmetric-key algoritm +	• Asymmetric-key algoritm	• Asymmetric-key algoritm
.		• Asymmetric-key algoritm
.	• Using third-party systems	• Yes	• No	• No
.	• Allow create own application	• Yes	• No (very hard)	• Yes
.	• API	• Yes	• No	• Yes

Roadmap

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https://img-fotki.yandex.ru/get/467152/129639447.0/0_141276_c904a790_orig

.		S1	S2	S3	S4	S5
.		Pre-Alpha	Alpha	Beta	Release candidate	Release
.	• Storage, Consensus   mFA Consensus	• FA : Key Design   Implementation	• mFA : Key Design   Implementation,PoW + PoC	• mFA Optimization	–	• optimisation
.	• Data Store	• Decentralization Ledger, NoSQL   Store implementation	• MessagePack History	• Blockchain backup	–	–
.	• CVM (Credits virtual   machine)	• Design and Implementation	• Integration witd ecosystem	• Optimization	• check errors	–
.	• tdird-party system	–	• Design and Implementation	• integrate to full system	–	• optimisation
.	• Inference Engine	• Formal Specification and   Key Design Elements	• Reasoner Integration with   Blockchain	• Reasoner Optimization	–	–
.	• User interface	• Implementation	• Web UX design	–	–	–
.	• Wallet	• Wallet Formal specification	–	• UX design Application   Test	• Android, iOS,   Desktop Wallets	–
.	• RPC and REST API	• Formal specification	• Blockchain Explorer	–	• third-party explorer	–

Project Team

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.	https://img-fotki.yandex.ru/get/479589/129639447.0/0_14127e_4ec6efb3_orig Chugunov Igor CEO & Founder [Linked In] Education: Banking. Experience: 12 years, including IT projects, bank and credit internet services, affiliate marketing company for banks and PDL companies. Experience withblockchain business: 2 years. From 2016 working at the CREDITS platform	https://img-fotki.yandex.ru/get/402270/129639447.0/0_141284_6872fa9_orig Evgeniy Butyaev CTO [Linked In] Education: Engineer (software development). Software development experience: more than 10 years. Experience with blockchain more than 3 years, including European organizations – various solutions based on blockchain for different customers including StateStreet; solutions based on blockchain in Russia. From 2016 - working at the CREDITS platform	https://img-fotki.yandex.ru/get/402270/129639447.0/0_141281_e7f7d740_orig Valentin Antonov Team Lead [Linked In] Education: Programmer. Experience: more than 10 years as a programmer and architect building complex and high-loaded systems for the financial and banking sectors. In the blockchain industry for about 2 years. Qualified in platform Ethereum.	https://img-fotki.yandex.ru/get/369087/129639447.0/0_146d09_f4e3764e_orig Aleksandr Krasnov Senior software developer [Linked In] Big development experience, including blockchain technology experience in a secure team for US company StateStreet. Engineered development solutions for various clients and worked on high loaded systems for orgnisations based in Europe and USA.
.	https://img-fotki.yandex.ru/get/362774/129639447.0/0_141280_3d3a392b_orig Matushkina Elena PR manager Experience in PR for over 7 years. Promotes brands and products in media and over the Internet. Participated in development of a strategy of presence in social networks, and continues working to improve the concept. Content creation (text, photo, video), the reason for social networks.	https://img-fotki.yandex.ru/get/467152/129639447.0/0_14127f_12783cfb_orig Bruce Sadia Development manager [Linked In] Education: Master’s in Communications and International PR. Working experience over 3 years in IT sphere with foreign people. She is responsible for communicating with foreign partners and organizations.	https://img-fotki.yandex.ru/get/476474/129639447.0/0_146cfe_dfe924bc_orig Evgeny Romanov Community manager [Linked In] Planning and conducting marketing and PR activities of the company's online Community management in social network. In the project responsible for developing programs and support bounty team. Blockchain enthusiast 2014.	https://img-fotki.yandex.ru/get/508985/129639447.0/0_146cff_e885594_orig David Kolmakhidze Head of investment relations department [Linked In] Six years of experience in investment in cryptocurrency, development, consultant in blockchain projects. Expert in marketing strategy ICO. Great experience in building partnerships with investors and angel investors.

Advisory board

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.	https://img-fotki.yandex.ru/get/368408/129639447.0/0_143617_65c47178_orig Kyle Wang Senior Consultant IBM Cleveland, USA [Linked In] «The team is exceptional! CREDITS is a novel approach and cryptoeconomic innovation within blockchain»	https://img-fotki.yandex.ru/get/767871/129639447.0/0_146d01_542ed11f_orig David Drake Managing Partner at LDJ Capital New York, USA [Linked In] Mr. Drake's investments currently have 50+ global directors that maintain relations with institutions & family offices with $1.5 trillion in assets.	https://img-fotki.yandex.ru/get/765007/129639447.0/0_146cfc_6b3cdbe3_orig Christian Ferri Entrepreneur, Investor San Francisco, USA [Linked In] Executive with extensive experience in blockchain architecture/DApps/ICOs, strategic planning, investment relations for both large blue chips and nimble start-ups.	https://img-fotki.yandex.ru/get/372697/129639447.0/0_1454b7_76d5a17_orig Michael Kapilkov Blockchain Advisement New York [Linked In] «I am proud to announce that I have joined 'CREDITS'​ as an ICO Advisor» Founder Healthi, CoFounder Altcoinz, CoFounder I-virtual.
.	https://img-fotki.yandex.ru/get/369087/129639447.0/0_1454b8_32eb2c32_orig Christophe Ozcan Blockchain technical - Expert France [Linked In] CEO & Co-founder at Crypto4All, Blockchain Ecosystem Advisor at Rockchain, Blockchain commission member at AFNOR Group	https://img-fotki.yandex.ru/get/480548/129639447.0/0_1454b9_8eec6f78_orig Elie Galam Bancor Foundation Financial Advisor New York [Linked In] Chief Investment Officer at Eastmore Group, Advisor to Legolas Exchange and Gimli	https://img-fotki.yandex.ru/get/231315/129639447.0/0_141282_c05553d3_orig Artjom Aminov Blockchain architect at F&L Galaxy, inc London, United Kingdom [Linked In] Developer and architecture of high-availability server-side applications based on blockchain technologies	https://img-fotki.yandex.ru/get/510335/129639447.0/0_143615_178e0f2a_orig Tyler Perry-Smith Investor, Enthusiast Savitr Capital San Francisco [Linked In] «CREDITS can be the catalyst that takes blockchain functionality to mainstream business operations!»
.		https://img-fotki.yandex.ru/get/369087/129639447.0/0_1454b6_e72b5c18_orig Jacob Salvador Investor & Trader Blockchain Specialist Oslo, Norway [Linked In] Experienced Investment professional in the venture capital and private equity industry. Skilled in Blockchain technologies	https://img-fotki.yandex.ru/get/769553/129639447.0/0_146d05_de8ab7cb_orig Henrique Centieiro Business Consultant [Linked In] A specialist in cryptocurrencies and blockchain projects, business planning and development, corporate finance

Bounty Campaign

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We are offering our participants a total allocation of 2% from our overall token supply.
The total number of tokens in circulation may vary, depending on the actual amount raised during Token Sale;

Official CREDITS bounty thread

But in any case 2% of tokens will still be designated to the bounty campaign
1 600 - 2400 ETH
1 ETH = 5 000 CREDITS (CS)

Bounty Campaign Token Allocation:

Overall Bounty:
4 800 000 - 7 200 000 CS (equals ~ 1 600 - 2 400 ETH)


Signature campaign 30%
1 440 000 - 2 160 000 CS (~ 480 - 720 ETH)

Facebook campaign 15%
720 000 - 1 080 000 CS (~ 240 - 360 ETH)

Twitter campaign 15%
720 000 - 10 80 000 CS (~ 240 - 360 ETH)

Blogs / News / Video Content campaign 20%
960 000 - 1 440 000 CS (~ 320 - 480 ETH)

Translation / Community Admin campaign 15%
720 000 - 1 080 000 CS (~ 240 - 360 ETH)

Telegram campaign 5%
240 000 - 360 000 CS (~ 80 - 120 ETH)

Join us on telegram

[felissss500@gmail.com]

Such question when developers are going to add cs to the normal exchange?I think hitbtc will be the first.

[coinsniperX]

Such question when developers are going to add cs to the normal exchange?I think hitbtc will be the first.

I saw that it may be already in this month, but I don't know what exact exchange it will be. and today I see that the price on forkdelta is growing) gooooood! I will hold mine, I think it may give me x3-5 in a couple of weeks or even more.

[coinsniperX]

And honestly I was shocked when I read the report from team on their Medium channel. more than 120k requests to the whitelist worth  
$1 350 000 000, maybe we should wait this capitalization, what do you think guys?

[GoingAround]

Credits today trades in the range of x1.25-x2 (now x1.5). And this despite the fact that the developers made some gross errors at the time of the ICO and before unlocking the tokens (for example, several times postponing the release date). I think that the project is strong and is just beginning to grow, we will see a big increase in the price of TOKENS CREDITS ahead!

[Aresha]

Credits today trades in the range of x1.25-x2 (now x1.5). And this despite the fact that the developers made some gross errors at the time of the ICO and before unlocking the tokens (for example, several times postponing the release date). I think that the project is strong and is just beginning to grow, we will see a big increase in the price of TOKENS CREDITS ahead!

Only the first orders left in x2, the volumes were small (up to 10 etherium). But I agree that the project can rise strongly in price as soon as the developers announce the official listing on the stock exchanges!

[Vladlenius]

It was pretty good campaign. The weekly calculation of the stakes and the manager's speed were applaudable. I wish all campaigns would be managed like this. They have reached to the hardcape at ico very fast.  And now they have listed at tidex. But transactions have not started yet. It is not good to give bonus to who joined early. The share of those who joined a little late at the sign, dropped automatically.

[coinsniperX]

Credits today trades in the range of x1.25-x2 (now x1.5). And this despite the fact that the developers made some gross errors at the time of the ICO and before unlocking the tokens (for example, several times postponing the release date). I think that the project is strong and is just beginning to grow, we will see a big increase in the price of TOKENS CREDITS ahead!

A lot of people didn't have an opportunity to buy CS, and that is why it grows now, and I think that the price will continue to increase

[coinsniperX]

It was pretty good campaign. The weekly calculation of the stakes and the manager's speed were applaudable. I wish all campaigns would be managed like this. They have reached to the hardcape at ico very fast.  And now they have listed at tidex. But transactions have not started yet. It is not good to give bonus to who joined early. The share of those who joined a little late at the sign, dropped automatically.

it seems like you was lost, this is an ANN thread and not bounty. If you want to kiss manager's butts you should go to bounty thread )

[coinsniperX]

Tomorrow, the tokens will finally be unlocked and we will be able to sell and buy them! I consider the project one of the strongest in recent times - a fast blockchain with a small cap, the developers showed a working alpha version. Tomorrow will be a success! Good luck Credits!

Which exchanges can I buy the CREDITS tokens today? I guess EtherDelta, right? Thanks.

Idex https://idex.market/eth/cs
Tidex https://tidex.com/exchange/cs/eth
ForkDelta https://forkdelta.github.io/#!/trade/CREDITS-ETH

With this list we already can claim the listing on coinmarketcap.

[kronos123]

Credits today trades in the range of x1.25-x2 (now x1.5). And this despite the fact that the developers made some gross errors at the time of the ICO and before unlocking the tokens (for example, several times postponing the release date). I think that the project is strong and is just beginning to grow, we will see a big increase in the price of TOKENS CREDITS ahead!

A lot of people didn't have an opportunity to buy CS, and that is why it grows now, and I think that the price will continue to increase

This will be just the beginning of the growth of Credits in the panorama of the crypto and blokchain .... the exchanges dex are the beginning, like a child who learns to ride a bike ... soon a motorcycle will arrive, then a car and then a custom-built!

Hold your credits and buy more!

[Kr2017]

Personally I like the way Credits team is communicate with investors. They encourage us to understand the project, they share lot of information, even ICO details.Their website started to look very proffesional, they tweet often.

All these details are extremely important for building trust in the project, which I am beginning to believe more.

About the exchange, yes right now IDEX is giving us an opportunity to buy more. This might be the last chance to buy that cheap.

[ThachSanhTp]

Hello
Please add your official website https://credits.com to Coinmarketcap thread, https://coinmarketcap.com/currencies/credits/
Thanks

[ThachSanhTp]

Hello Credits team,
Please provide us some details:
- The total supply of CS:
- Max supply?
- inflation

Thanks

[Kr2017]

Here is an official ICO sale results

https://credits.com/ru/Home/New_Ins/4315

[sebastian787]

how this project works without existing in github?
https://gist.github.com/Credits-com/

[Karl Max]

We are proud to share that CREDITS token has reached over $2 000 000 volume during last 24 hours. Thanks everyone for your interest in CREDITS!
https://credits.com/en/Home/New_Ins/4319

[Leodalat]

Credits launched in a bear market still recovering from a huge crash and has only been on decentralised exchanges for barely 1 day. Coupled with that, prices usually dip on weekends even on bull markets. Try and relax peeps. Look at the other projects around, and how they are struggling to x1. Realx and wait for the rebound next week. Credits have had the most engagement in the last weeka nd is showing a lot of promise.