CREDITS presents itself as a decentralised blockchain platform with internal cryptocurrency and self-executing Smart Contracts. It’s team identifies the current issues prevalent in blockchain as low network capacity, high transaction costs, high data volume and consequent costs, rigid Smart Contracts and long payment and Smart Contract execution times. Their model presents a viable solution to these systemic issues.
CREDITS is a high throughput cryptocurrency with a higher volume of tokens in its network and lower transaction times and costs than Ethereum and Bitcoin. It integrates decentralized ledger technology with fully autonomous Smart Contracts, with external APIs allowing creation of fintech services without the need for any additional systems, as complemented by adaptability of CREDITS’ Smart Contracts through Cycles and Schedules.
CREDITS seeks to create fintech solutions in the areas of payments, bank services (e.g. loans), deposits, cross-border interbank payments and trading operations. CREDITS blockchain characterises itself as faster, more secure and stable than competing cryptocurrencies due to its asynchronous system free from mining, novel consensus maintenance mechanism, homomorphic encryption and archiving features. Familiar programming languages, SDK software development kit and an advanced API make CREDITS a more attractive option for Smart Contract developers.
CREDITS has launched a beta version with a desktop application including a network node to allow participation in consensus rounds, web wallet and a monitor-network explorer; their alternative to a blockchain explorer, through which statistics of network performance, account balance and all transactions can be seen.
CREDITS is a Singaporean company with a strong team, a seasoned advisory board and an impressive model. They have reached their ICO’s hard cap of $20M demonstrating the market’s faith in the comparative technical advantage CREDITS presents.
CREDITS launched an Ambassador Role as part of their airdrop on 30 May 2018 which will continue until 31 August 2018. There are 3 Ambassador Ranks wherein completing / achieving different promotive things results in the Ambassador being awarded Stakes, which are used to calculate compensation; the formula being – (Total amount of Ambassador Rank Level X CS tokens / Total amount of all Ambassador’s Stakes) * Ambassador’s Stakes.
The requirements for each Ambassador level are trivial and can result in a significant Stake earning. The minimum requirement being to join CREDITS’ Telegram, Twitter and Facebook. The current CS token value is approximately $0.7. CREDITS airdrop is an opportunity NouVive’s subscribers cannot miss.
To get started, please open: https://credits.bountyplatform.io/airdrop/1250/join?ref=98cff5f972777a54349ed7a945c8c494.
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