CREDITS — New Generation Blockchain On Financial Services

Mutiara Farma
6 min readFeb 12, 2018

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Hello, friend
Today I will discuss the development of a growing world directly on direct interaction between people based on the principle of equal equality. There is a revolution! From the overthrow of the media can clearly see: before the 20th century, 90 years, newspapers,
magazines and television are the main providers of information.
Currently, opinion leaders are blogs on YouTube channels and social networks, where money is publicly invested and ICO, and information is stored in a centralized cloud system.
The financial industry is probably one of the few industries that are left behind,
which rejects the direct interaction between the implementation of the center and the participants. Although technically the creation of decentralized financial services is much easier than creating an unmanned vehicle.
Create a system that includes all participants, and the nature of the necessary financial sorting services: personalization of users, KYC,
credit bureaus, clearing clearing centers, withdrawals and encrypted currency exchange. This is the last obstacle to the development of peer-to-peer financial products from two main tasks.
Now the solution of these problems is coming.
The unified decentralized technological platform can include all participants of financial services with distributed book principles, reliably and quickly perform all transactions.
Credits are a new open source platform for creating and managing financial services based on Creditchain / Book Credit.
The principle of implementing an intellectual contract and a joint voting system creates a unique opportunity for all participants to interact with various financial products. The platform opens up a huge new market and has the potential to use blockchain projects and services in financial and other industries that previously was unsuitable due to speed and transaction costs.

Establish a system that incorporates all participants and the nature of the required financial sorting services: user personalization, KYC, credit bureaus, clearing clearing centers, encoding and encrypted currency exchange. This is the latest obstacle to the development of peer-to-peer financial products from two basic tasks.

Now is a solution to these tasks, CREDITS ( http://credits.com ) — A single decentralized technology platform can combine all financial service participants with the principles of the ledger distributed securely and quickly perform all transactions.

Credits is a new open source platform for creating and managing financial services based on blockchain / ledger Credit.

The principle of implementing smart contract and joint voting system creates a unique opportunity for all participants to interact with various financial products. This platform opens up huge new markets and has the potential to use blockchain projects and services in other financial and industrial fields, which were previously unusable due to the speed and transaction costs.

The unique system based on blockchain allows us to build high-speed transaction processing financial services, up to 100 million times per second, average transaction processing speed in 3 seconds. Credits really offer new opportunities to use blockchain technology in the financial sector.

Credit — to create a new platform for operating financial products, in a unique way to build chains with smart contracts / ledgers, can be achieved:

• Processing transactions up to 1 million times per second
• Average processing time per transaction for 3 seconds
• Very cheap handling fee

BITCOIN / ETHEREUM
• About 100 transactions per second
• Average processing time of 0.5–15 minutes
• Cost per transaction to $ 0.02–0.5

Popular platforms such as Ethernet are not suitable for financial transactions because the deal is very slow at 0.5–15 minutes, and the cost per transaction is around $ 0.02–0.5. The financial industry is unacceptable.

CREDIT is designed to achieve one million transactions per second with an average processing time of 3 seconds and an average peak of 10 seconds. The system is a distributed database with the principle of blockchain / ledger — the management and transactions of distributed digital assets, invariant records.

The CREDITS platform provides the implementation of unique new blockchain technology, smart contracts, data protocols, and has its own internal encrypted currency. It is a platform with new network technology capabilities, speed, transaction costs and total transactions per second. It is an open platform, meaning that users and companies can use block chain agreements to create online services.

Credit provides users with new products by creating new algorithms to create new features to find consensus; a new registry plan, an algorithm for handling and maintaining limited state machine transactions based on a joint voting nod model.

The CREDITS platform provides solutions for low speed and high transaction costs. This expands the application of potential blockchain technologies in the financial and network industries. Credit’s mission is to introduce blocked technology and crypto CREDIT technology everywhere, and make decentralized relationships a reality.

Great Team

Great projects need a great team too. CREDITS has a team of highly skilled and intelligent people who constantly strive to make the platform a standard center for community members to understand the essence of technology.

Token & Sales

CREDITS digital tokens will be published in limited numbers. All CREDIT digital tokens must have the same functionality.

The token sale will be on the Ehereum platform in the ERC20 standard. Initial sale date:

In order to immediately start the project design and development, we propose to spend up to 2 ICO rounds.

* PRA-ICO — in October 2017
* ICO Round 1 in Nov-Dec 2017
* ICO Round 2 in 2Q 2018

The number of tokens available is set at 1 000 000 000 tokens. In the 1st round of ICO in Nov-Dec cover 80,000 ETH, hard cap 120,000

Total number 100%
2% for bounty
2% for
15% post prize for founders and team
Operating 5%
1% for advisors
75% for Pre-ICO and ICO
Bonus campaigns for PRA-SALE purchase
Bonus for PRA sale — 30%

Special contrast in Whitelist before PRE-ICO (send request or to info@credits.com). Limited token
Bonus from
0% purchase amount — up to 50 Ether (15,000 USD)

20% — from 50 Ether (15,000 USD)

25% — from 100 Ether (30,000 USD)

30% — from 250 Ether (75,000 USD)

35% — from 500 Ether (150,000 USD)

40% — from 1000 Ether (300,000 USD)

Users can purchase CREDIT digital tokens during the ICO Period by exchanging ether (ETH) or Bitcoin (BTC) for CREDIT digital tokens with 1ETH exchange rate per 4000 CREDIT digital tokens, and other bonuses can be applied in accordance with the rules of the CREDIT Token Token Agreement.

The CREDIT Purchase Agreement between CREDIT and the User shall commence upon receipt by the User of all terms of the CREDIT Token Agreement by clicking the buy button or by purchasing a number of CREDIT digital tokens and using part of the smart contract CREDIT and CREDIT Platform, and will continue until terminated in accordance with the terms of the CREDIT Token Sale Agreement.

CREDIT is entitled at its sole discretion and without prior written notice to terminate the CREDITS Token and Sale Token Agreement if:

(a) The user provides incorrect data to complete the registration process;

(b) The user fails to comply with the requirements of Article 7 of the CREDIT Token Token Contract;

© The user fails to meet other terms and conditions of the CREDITS Token and Sale Token Agreement.

For more information on CREDITS project, you can visit the link below:

Website: http://credits.com
Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Twitter: https://twitter.com/CreditsCom
Facebook: https://www.facebook.com/creditscom/
Telegram: https://t.me/creditscom
My profile link: https://bitcointalk.org/index.php?action=profile;u=1409779

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