ICO Cryptaur — The amount of collected funds exceeds 70 million US dollars,
and the number of registered users has reached 83 000 people.
|Welcome to Cryptaur! We invite you to join our project that is a whole universe of new exciting opportunities. In a nutshell, we are here to enable consumers around the globe to have more for less. Yes, our goal is to double the purchasing power of each consumer’s money. To this end we launch a decentralized platform to host a global virtual «hypermarket» for an unlimited number of goods and services. At our platform, suppliers and consumers will interact directly, while middlemen with their draconian markups will no longer be needed.|
We are a spirited FinTech startup on a mission to disrupt the traditional commercial channels through the utilization of blockchain technology. Specifically, Cryptaur aims to create a decentralized ecosystem with a focus on establishing a fully transparent platform for consumers. This transparency is implemented via a blockchain technology, that of which allows for users to maintain their original payment habits, avoid the need to learn about cryptocurrency complexities, and dramatically shallows the steep learning curve associated with this technology.
In essence, Cryptaur is a decentralized applications store with a mission to transform and ultimately allow for the implementation of a reinvented shared economic system. Rooted in its mission to bring person to person interaction to the forefront of consumerism, Cryptaur’s platform is grounded in blockchain, a technology that can be employed to hone in on the benefits of decentralization while bringing it to mainstream audiences. Cryptaur’s ecosystem curates products and services for enhanced consumer and community driven trust.
What is Cryptaur?
Cryptaur is a decentralized Ethereum-based ecosystem that will act as a framework for potentially unlimited number of specialized P2P services (dApps) whereby suppliers and consumers of a most diverse range of goods and services can interact directly while increasing the economic efficacy of all transactions being made within the ecosystem. The unique features of the Cryptaur ecosystem include:
- Universal payment and reward unit—the Cryptaur utility token (CPT).
- Multi-functional payment platform—Cryptaur Pay (CPP).
- Proprietary Social Capital Management System (SCMS).
- Global User Rights Protection System (URPS).
|Problem of the Present-Day Economy
The way goods and services are distributed today is archaic and inefficient. Within this discriminatory system, suppliers are forced to sell their goods and services for unjustly low prices, while end-consumers are made to buy those same goods and services for too much. This leads to a systemic degradation of the quality of goods and services, unjustified increase of advertising and marketing costs in the end price of a product, hugely disproportional share of profits being appropriated by middlemen, and a marked decrease of real purchasing power of consumers’ money.
Technological innovations in computing, logistics and banking bring about a complex disruptive technology that may completely change the model of interaction between supplier and consumer by removing most of the intermediary elements. Cryptaur unites these technological innovations and further enhances them with a number of its own proprietary solutions in the realm of social capital management and user rights protection.
Cryptaur is to increase the efficacy of all social interactions by freeing them from all kinds of middlemen and making those interactions immediate, transparent, secure and mutually beneficial. This goal will be achieved by creating a fast blockchain-based decentralized ecosystem and organizing user interactions on the peer-to-peer basis. The Cryptaur ecosystem will be used by mass consumers, as well as service and product suppliers, from all around the world.
We believe that technology is more than a means to an end, and should be accessible to all regardless of their technical knowledge. We believe that consumers are entitled to transparent information to make better decisions, and as a result, our socially driven ecosystem ensures that consumer’s interests are at the core of commercial transactions.
The Cryptaur vision is to make decentralized technologies available to consumers. Cryptaur is building an ecosystem for dApps (“decentralized applications”) that benefits the consumers the most. This ecosystem is owned by the community of consumers themselves.
The peer-to-peer principle of interaction within Cryptaur will allow all participants to interact directly. This removes middleman-related costs. The price of a product or a service will be passed over to the seller in its entirety. The end-price of a product will only contain real production costs and a fair margin.
Cryptaur Pay Platform
Users of all Cryptaur ecosystem’s services will be able to make payments by using all payments options of their preference—fiat money, mainstream cryptocurrencies, Cryptaur tokens. The main function of the Cryptaur Pay Platform is to provide the «one-click» payment gateway with minimum transaction costs and maximum comfort to the users.
Distributed blockchain ensures total transparency and verifiability of each transaction, including detailed product characteristics, its price structure, relevant circumstances of the sale, as well as reputational profiles of the sale parties. The Cryptaur ecosystem will be deployed on the Ethereum platform.
Social Capital Management System
A proprietary engine for managing social capital is meant to ensure honest and respectable behaviors of the users, as well to materially reward users for behaviors that bring value to the whole Cryptaur community. To this end, the Proof of Contribution (PoC) algorithm will be used. It is further split into three sub-categories: Proof of Experience, Proof of Expertise and Proof of Expansion.
Cryptaur Utility Token
Payments within the Cryptaur ecosystem will be effected in the system’s own crypto-tokens—Cryptaurs (CPT, ERC20-compliant). Another function of the Cryptaur token will be to reward users for active use of the ecosystem and contributions to its development (rewards include several types of crypto-paybacks, sharing-graces and team-bounces).
User Rights Protection System
User rights—those of the suppliers and consumers—will be symmetrically protected by special heuristic program algorithms, global code of conduct, and user disputes settlement procedures enforced by the Cryptaur Arbitration Service. Under certain circumstances, restoring justice may entail application of reverse and forward crypto-paybacks and sharing-graces, and in exceptional cases—re-adjustment of earlier awarded team-bounces.
- 20% Cryptaur Founders 20% of tokens will be distributed among Cryptaur founders. These tokens will vest over a period of 1 year.
- 10% Cryptaur Team 10% of tokens will be distributed among Cryptaur team members.
- 40% User Incentives These 40% will be issued to reward Cryptaur users for different useful behaviors—from making purchases to promoting products and extending Cryptaur’s user base.
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WELCOME TO THE NEW ERA OF THE DIGITAL ECONOMY!