Centra Tech: Making Blockchain Assets Spendable
Centra Tech is building the Cryptocurrency Card and Wallet.
The Company is holding a crowdsale between 16th September 2017 and 5th October 2017. In this article, I will provide a short overview of Centra Tech, It’s objective & their upcoming ICO.
What is Centra Tech?
Centra tech is a new blockchain based platform that makes cryptocurrencies spendable.
While the demand for financial services have grown over the years, financial service providers all seem to fall short in one area or another. This is where Centra tech comes in.
Centra provides the most convinient and cost-effective way by which customers can spend their Bitcoin, Ethereum, Monero and ERC20 tokens while enjoying perfect inter-bank exchange rates without fees.
Since inception, blockchain and cryptocurrencies have grown tremendously over the years with the userbase either doubling or tripling with each passing year. No surprise, blockchain technology is a disruptive and innovative technology.
While cryptocurrencies are becoming increasingly popular, users are still skeptical whether to be a part of it or not. This skepticism is drawn from the fact that cryptocurrencies have little cashout functionalties in place. Users are often confused on how to spend their cryptocurrencies without the hassle of going through tedious bank paperwork.
For instance, paying for goods and services purchased from an international store involves going through several processes involving multiple intermediates(banks, payment gateways) etc for a transaction to be completed. Not mentioning the high cross-border and interbank fees.
Centra tech will be building upon the successes of blockchain technology to create an innovative platform where users in the blockchain can spend or use cash seamlessly with little to no fees. Centra leverages blockchain technology and cuts off intermediates thus reducing transaction fees to the minimum.
To accomplish this, Centra tech will be deploying their very own CCE (Currency Conversion Engine). The Centra tech CCE will ensure that customers are able to convert their blockchain assets to fiat in real time at near-perfect interbank and exchange rates.
Centra Smart Wallet App:
Currently in beta, Centra has built a multi-asset mobile wallet app of which customers can use to securely store, send, receive or even spend their cryptocurrencies.
Upon downloading the app, customers will be subjected to a registration process where they’ll have to fill out their basic information in the form provided. This process is fairly easy to complete. Once done, a multi-currency wallet will be automatically created which users can store their funds.
The funds are placed in a hot and cold wallet storage mechanism. With cold wallet storage, customer’s funds are fully secured at all times while the hot wallet storage ensures that the funds readily available for the customers to use.
The funds stored in Centra mobile wallet is subjected to Centra tech insurance policy— This is subject to change in 2018 as users will be given the ability to control their own private keys.
Currently, Centra Smart Wallet is only available on android and iOS platforms but It will be extended to desktop in due time.
The Centra C-Bay Marketplace:
In addition to the Mobile wallet app, Centra tech will launching an online marketplace where users can buy and sell used goods using cryptocurrencies and fiat.
The C-bay marketplace is similar to Amazon's online store, however it packs more exciting features— one of which is the ability for a user to purchase goods using cryptocurrencies. This is a huge leap in the blockchain space. After selecting their preferred goods, users can checkout using their Centra Smart mobile wallet or any of the Centra Cards (More details on this below). Centra will also be employing their Currency Conversion Engine (CCE) to ensure that customers are given the best exchange rates at all times.
Centra Cards — Bridging the Gap Between Cryptocurrencies And The World:
Centra tech will launch their very own debit cards which will give customers superior access to make both offline and online purchases at over 30m merchants and stores that accepts Visa® globally. The Centra Cards will come in three different varients packed with features.
The Centra Blue & Virtual Cards:
These Centra blue & virtual cards will be available and shipped to everyone that wishes to enjoy all the services on Centra Tech platform. This is the traditional card of Centra tech and it allows up to $5000 spending and $1000 daily withdrawal limits.
Centra Gold & Black Cards:
During the Centra tech Token Creation event, A Special Limited Edition of Centra Cards called "Centra Gold Card" and “Centra Black Card” will be issued to investors of the ICO funding campaign. The Centra Gold card will have the eligible investor’s name engraved on the card as a "Founding Member".
The Gold Card will be issued to customers who purchase CTR tokens with 30+ ETH while the Black card will issued to investors who purchase CTR tokens with 100+ ETH.
The Centra black cards allows customers up to $100,000 daily spending limit and a $5000 daily withdrawal limits. The Centra Gold card on the other hands allows customers up to $50,000 in daily spending limit and $2000 daily withdrawal limits. Both Cards also comes with different usage rewards.
How does Centra Compares to other Cryptocurrency Card platforms like TenX, Xapo & WireX?
In case You didn't know, both Monaco and TenX are Cryptocurrency Card platforms which are also powered by blockchain technology. However, Centra boosts an improved and advanced technology with reduced fees.
Here’s a photo explicitly showing the differences between Centra, Xapo, WireX & TenX:
Also, Here’s a 4K video of Centra Smart Wallet and Card being used for real world shopping at several stores: https://www.youtube.com/watch?v=M5oLXD0FPkE&t=103s
Centra ICO information:
Centra is hosting an initial coin
offering (ICO) where Centra tech Platform native tokens "CTR" will be offered for sale to early investors. The funds raised during the ICO will be used to fund the development of Centra platform.
A total of 100,000,000 will be ever be created. 68% ( 68,000,000 CTR) of the total supply will be offered for sale to investors according to the following price schedule:
- 1 ETH = 200 CTR TOKENS
- 1 BTC = 3000 CTR TOKENS
- 1 LTC = 35 CTR TOKENS
Unsold CTR tokens will be burned.
The Centra ICO is scheduled to start on 16th September 2017 and concluding on 5th October 2017 or until all CTR tokens allocated for the ICO has been sold out.
It is worth noting that CTR recently completed their Pre-ICO where $16,174,001.97 was raised. To join the ICO, Goto: https://www.centra.tech/token-sale/
The accepted Cryptocurrencies include: BTC, ETH and LTC.
Note : Do not Send ETH from an Exchange wallet. Investors are advised to contribute using an ERC20-compliant wallet— (ImToken, MyEtherWallet, MetaMask).
MEET THE CENTRA TEAM:
The Team spearheading this movement of financial debit card services on the blockchain is a group of Professionals in their fields with several years of combined experienced.
Centra Essential Links:
Join The ICO: https://www.centra.tech/token-sale
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=919511