At one point or another, we have been in a need to use a contact. To bind an agreement for business or other reasons. The aim of the contract is to totally bind both parties through the process of a business or deal. The terms and conditions as a part to the future business relationship for both parties.
Today, even though the technological revolution has been impressive and has transformed a lot of our every day life, we still have our contracts and many other forms of contract in written forms, interpreted by both parties, and then this contract is legally enacted by authorised bodies.
But then, this is where the blockchain technology comes in. The blockchain technology has be become very popular in recent times, and rightly so. After helping transform processes of carrying out financial transactions and other needs through the smart contract features. This feature has brought about speed, security, trust and transparency to a whole lot of financial transactions.
And now, it’s beautiful to know that this technology can also be used to get our traditional written contracts done too. This means, that there won’t be a need for for legal practitioners to enact our agreements, especially when we are doing cross border agreements with people from around the globe. The smart contracts are digitally automated, recorded and processed by immutable distrusted ledgers which in turn keeps this contracts. But how does someone without a broad knowledge of all these technicalities achieve all these things?
This is where CONTRACTIUM comes in.
What is Contractium?
Contractium is a part of the generation of companies classified as a S-a-a-S (Software-as-a-Service), That looks at three interrelated key areas of business.
- Smart Contracts Creation.
- Crypto-Payment Gateway.
- Crypto-Reward System.
This is a blockchain decentralized project that aims to build smart contracts for individuals without the skill. With the sole aim of making it easy for various business people and entrepreneurs to create binding contracts that are securely kept in the blockchain.
The Australian project is building a platform is making it possible for global entrepreneurs to create contracts, bind them, and and carry out its terms and conditions in a very simple manner that leaves both parties happy and thrilled.
The platform through a data encryption mrthod, will allow for the signing of contracts between contractors without the need for the use of an offline signatures and seals. Also, the platform will avoid the expenses of numerous fees needed for notarizing a transaction. The settlement on each project will through a Cryptocurrency payment exchange gateway, thereby eliminating the need for middlemen, trust, and unnecessary fees. This means that users can freely transact and sign contracts even from different, continents, race, and tribe. Securely and transparently.
Benefits of Contractium:
With th project being based in the blockchain etherum, its employs a Proof-of-Contract (PoC) algorithm, that combines the best of the proof-of- work(PoW) and the proof-of-stake(PoS). The Proof-of-Contract (PoC) protocols will match the need for users through the generation of smart contracts that will show all necessary terms when carrying out an online transaction.
The platform operates based on the integration of internal networks of various companies to u get access to various data from companies. However, the platform still keeps a high level of security of data through the blockchain security feature.
The platform is open to basically any profession. Freelancers can use the platform to sign up an agreement with potential employers. Gamers, developers, and studios can also implement the system too as a means of payment or a system for rewarding players based on charging bonuses.
Even advertisers too can use use the platform to work with global advertising companies. And all other fields of life that will be requiring the use of a contract to establish a relationship or a business transaction.
The platform makes it possible too for users who want to sell personal data to transact. They can freely sell their personal data to global enterprises legitimately, with the use of a contract.
Costs of running a global transaction will be greatly cut down through the use of the platform. Through the use of the Contractium tools, there will be no need for middle men and numerous unnecessary fees paid even to the legal personnels.
Users of the platform can also be able to customizer their networks to automate all their operations using the customer rules and standards during the creation of their smart contracts.
The platform also integrates a reward system for users to keep the platform going. Say a gamer or any other fields buys tools for games and/or others and purchases paid accounts, they will be rewarded with the CTU tokens. Also, audiences will also be rewarded whenever they make use of paid informations from publishers, creators, websites, etc.
The Contractium token(CTU).
As a full blockchain technology, the platform operates through a tokenized system. The platform’s token is an indigenous currency of the platform, and will be the basis of all transactions on the platform. Transaction payments, rewards, incentives, contract fees, and all other proceeding on the platform will be done through the use of the CTU.
TOKEN and ICO details:
TOKEN SYMBOL: CTU
TOTAL SUPPLY: 3,000,000,000
FOR SALES : 1,500,000,000
ICO TOKEN-PRICE : 1 ETH = 15,000 CTU
Pre-ICO & ICO: 900,000,000
Contractium Team: 200,000,000
Foundation reserved: 100,000,000
Advisors & Partners: 100,000,000
Bounty & Marketing: 200,000,000
Private Sales: From 7th July 2018 to August 2018.
Pre-Sales: From August 2018 to September 2018.
Public Sales: From September 2018 to October 2018.
Token Sales: From October 2018 to November 2018.
BONUSES.
Private Sales: + 65% bonus.
Pre-Sales: + 45% bonus.
Public Sales: + 25% bonus.
Token Sales: + 15% bonus.
Target sales.
Private Sales: 15% of the fund.
Pre-Sales: 25% of the fund.
Public Sales: 35% of the fund.
Token Sales: 25% of the fund.
Conclusion.
Contractium is building a global solution for the world by making it readily easy to carry out contract agreements with cross border transactions easily. Through a seamless integration of the the blockchain smart contracts technology and also the use of the user friendly UX/GUI (User experience/ Graphic User Interface) that makes it very easy to create contracts by simply picking, clicking, and drag-and-drop. All these can be done in a short time frame with optimum speed, security, transparency and little or no costs. All these will be done through Contractium.
Project Website: https://contractium.io/
ICO page: https://ico.contractium.io/
Mobile app store:https://play.google.com/store/apps/details?
Twitter: https://twitter.com/contractium
Telegram: https://t.me/contractium
Facebook: https://www.facebook.com/contractium.io/
Linkedin:https://www.linkedin.com/company/contractium-io/
YouTube channel:https://www.youtube.com/channel/UCdNLXQrp7sn6lNeqOYOz_wQ
Twitter account of CEO:https://twitter.com/contractium_CEO
Written by Goodnuel
Bitcointalk username: Goodnuel
Telegram username: @Goodnuel
Bitcointalk profile url:https://bitcointalk.org/index.php?action=profile;u=1304832;sa=summary
