CREDITS

CREDITS

Created using Figma
Created using Figma
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 transation - 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 the potential blockchain technology has for the financial industry and the Internet of Things.
  • Market
    Price
    Open 24H
    Range 24H
    Volume 24H
    Change 24H
  • Yobit
    4 days ago
    $ 0.0060
    $ 0.0060
    L: $ 0.0060
    H: $ 0.0060
ICO
Feb 17, 2018
Feb 18, 2018
100% completed
$22 570 000
227
hard cap
cap
goal
112% hard cap completed
Goal 1 500 000 USD
Cap 15 000 000 USD
Hard cap 20 000 000 USD
past
  • 5000 CS
    =
    1 ETH
Pre-ico
Nov 10, 2017
Dec 26, 2017
100% completed
$851 373
227
hard cap
cap
56% cap completed
Cap 1 500 000 USD
Hard cap 3 000 000 USD
past
  • 5000 CS
    =
    1 ETH
Token Details
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Singapore
Additional Details
Platform
Ethereum
Categories
Platform, Cryptocurrency, Business services, Software, Smart Contract

About CREDITS

CREDITS platform is a decentralized financial system for the direct interaction between participants on peer­to­peer (P2P) principles. The platform expands the potential of using financial services on the basis of a distributed ledger, self­executing smart contracts, and CREDITS cryptocurrency. The system is aimed to unite all participants on one site, providing them with a platform for creating and using financial services; where everyone can both offer a service and use it. Thanks to a well­defined and balanced technological system, the CREDITS platform offers a new technical solution and a new conceptual model of networking participants' interaction for the development of modern decentralized financial services.

 

CREDITS Roadmap

  • S1 Pre-Alpha

  • FA : Key Design Implementation Decentralization Ledger, NoSQL Store implementation Design and Implementation Formal Specification and Key Design Elements User interface Implementation Wallet Formal specification RPC & REST API Formal specification
  • S2 Alpha

  • mFA : Key Design Implementation, PoW + PoC MessagePack History Integration with ecosystem Third-party system Design and Implementation Reasoner Integration with Blockchain Web UX design Blockchain Explorer
  • S3 Beta

  • mFA Optimization Blockchain backup CVM (Credits virtual machine) Optimisation Third-party system Integrate to full system Reasoner Optimization UX design Application Test
  • S4 Release candidate

  • CVM (Credits virtual machine) Check errors Android, iOS, Desktop Wallets Third-party explorer
  • Read More
  • S5 Release

  • Storage,
    Consensus mFA Consensus Optimisation Third-party system Optimisation

Activity

Activity:
476
VERY HIGH
Posts:
4 049
VERY HIGH
Views:
35 556
VERY HIGH
Activity:
476
VERY HIGH
Merit:
124
MEDIUM
Posts:
7 452
VERY HIGH
Views:
79 837
VERY HIGH
Users:
1 243
VERY HIGH
Posts:
652
VERY HIGH
Followers:
72 556
VERY HIGH
Likes:
68 169
VERY HIGH
Rating:
4.80
VERY HIGH
Reviews:
480
VERY HIGH
Followers:
55 619
VERY HIGH
Tweets:
1 200
VERY HIGH
Members:
75 259
VERY HIGH
Alexa
Rank:
300 219
MEDIUM
Delta:
30 796
Year commits:
915
Watchers:
0
Stars:
0
Forks:
0
Open issues:
0

Team

Verified 8%

Attention. There is a risk that unverified members are not actually members of the team

Michael Merejkin
Web Developer
unverified
Senior software developer
unverified
Community bounty manager
unverified
Head of investment relations department
unverified
Matushkina Elena
PR manager
unverified
Development manager
unverified
Blockchain architect at F&L Galaxy, inc London, U...
unverified
Investor, Enthusiast Savitr Capital San Francisco
unverified
Investor & Trader Blockchain Specialist Oslo, Nor...
verified
Blockchain technical - Expert France
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

4 ICOs

$39 634 198

Senior Consultant IBM Cleveland, USA
unverified

8 ICOs

$90 436 366

Blockchain Advisement New York
unverified

10 ICOs

$47 459 641

Bancor Foundation Financial Advisor New York
unverified

CREDITS Interviews

Jacob Salvador
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
What made me join Credits as an advisor was their capacity to envision and create a viable way to scale their TPS processing capability while documenting it and presenting it on a high technical level. Igor and his team's energy and passion for their product stand out from most of blockchain projects out there. If adoption increases and implemented correctly Credits can be one of the top blockchains in a few years.

Last News

$ 0.1792
24.88%
Coin Stats
Daily, %:
24.88%
Weekly, %:
11.10%
Monthly, %:
0.61%
Market Info
Market Cap:
$ 25.858 M
Volume 24h:
$ 140.16
Circ. Supply:
144.306 M CS
Ticker:
CS
ICO profit
X 0.0008
ICO Price~$211.31
3.99
stable
5.0 9
ICO Profile Vision Activity Potential Product Team

CREDITS Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

CREDITS is a decentralized financial system platform for direct interaction between participants on a peer to peer (P2P) basis. It allows for the delivery of financial services via a distributed ledger, self-executing smart contract and credit crypto currency.

PROS:

  • High execution speed: The platform is able to handle  a huge number of  truncations simultaneously at a lower cost of each transaction
  • Security: The common ledger block (CB) in the platform enables the storage of all the users information and all data related to the ledgers which can be easily retrieved
  • All the information received as the platform builds consensus are collected in a block hence eliminates fraudulent management
  • Transaction processing : The platform  employs system Kernels where data handlers  perform specific tasks  regardless of the availability and operations of the system components  and each Kernel has a response code
  • The use of transaction ledger  in the Credit system enables the entry of hash code to be added to the list of candidates in addition to the ledger hence increasing the transaction speed
  • The credit value team enables the comparison  of the  different units and building consensus  when executing or accepting  the contract by the users involved
  • The team involved has a good experience led by the CEO, Igor Chugunov having successfully  pioneered  different projects in banks, affiliate marketing  and with good IT skills

CONS:

  • The Credits are exchanged at affixed rate hence eliminating market growth
  • The use of Merkle trees reduces  the  processing speed
  • The project lacks a easily accessible mobile application

SUGGESTIONS:

  • The credit exchange rate should be varied from region to region depending on the prevailing situations
  • The project team should create an easily accessible mobile application supported by android

 

Read More
Ian Balina
10-May. That one, I passed on. I mean so my perspective is anybody can have an idea, it takes a great team to execute. I don't think the team's gonna execute long-term right that could execute short term in the long term I don't like to get in. But I do know that you like the project, well?
Read More
icoscoring.com
ICO review website

There are already several successful platforms with large customer base, such as Ethereum, Lisk, Waves, and Stratis; that is why it might be hard for CREDITS to expand its network and attract new customers due to network effect.

Though some functionality can be already tested, the product is still at a very early stage and the release is only planned for June 2018 and this date is subject to change. The roadmap is only given for 1H 2018 and is split by the product development stages. It gives only the highlights of development. In general, the roadmap could be more detailed.

CREDIT does not explain how the exact fee level will be calculated. Therefore, the commercial viability of the platform is not clear. Mining of new tokens will not be available on the platform. That is why, it might be hard to attract new users on the platform.

The Hard Cap of CREDITS is $20M, the Soft Cap is $15M. The Minimum Cap of $1.5M has already been reached. The Soft Cap is well above the median size of the investment round of companies at the same stage. (US software startups, seed stage, Pitchbook). As CREDITS will sell 60% of tokens during pre-ICO and ICO, the company valuation will be around $25M in Soft Cap scenario and $33M in Hard Cap scenario. These figures are 3X and 4X times higher than the median US software seed stage post-money valuations respectively. CREDITS will reserve 15% of tokens for the core team. The team bonus then will be around $3.75M and $5M in Soft Cap and Hard Cap scenarios respectively. Now, the team bonus is not bundled to any KPI and does not have vesting scheme. CREDITS does not provide any financial forecasts or assumptions for their growth. The given expenditures’ structure is too broad and is not detailed.

The CEO of CREDITS – Igor Chugunov – has previous executive experience. However, this experience was in the area of marketing and advertising, not in tech. He previously worked at IT-finance company but again focused on marketing. Business Development & Marketing specialists of CREDITS do not have enough relevant experience prior to joining the company. What is more, the whole team is spread around the globe according to Linkedin. That is why robust development of the project might be at risk.

Read More
thetechinsider.org
reviews

Positives
Prototype Available: Unlike its competitors, Credits has an open beta version of its project. This allows users to test its network while appreciating its proof of concept.
Micropayment Friendly: Due to its fast transaction processing speed and high amount of transactions made per minute, you can create micropayments due to the low fees and network speed.
100% New: Credits is run on a completely new platform and doesn’t have any forks like Bitcoin. Nor does it have any projects existing on its network like Ethereum.

Negatives
Competition: Credits is in direct competition with Bitcoin, Ripple, and Ethereum. This means that it could take some time for users to get interested in its network.

Read More
expert-coin.com
News, reivews

This is not the first project on the market that involves the use of peer-to-peer principle for the provision of financial services on a decentralized basis.

The main risks in the case of decentralized provision of financial services are in full insecurity of the party of the transaction for example in the case of non-repayment of the loan.

At the moment, there are no business planning and program of promotion of the service in the project description. Perhaps closer to the ICO date the authors of the project will expand and supplement the description of their project in the part that is most likely to attract the potential investor.

At the moment, the project seems to be not too promising in terms of safe and prospective investment.

Read More
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