Capverto ICO — Blockchain Prepaid Card & Lending Platform

What is capverto :

CAPVERTO Exchange is a digital currency, based on a versatile utility token that greatly extends the basic advantages of cryptocurrency through a design directly addressing the needs of populations most frequently excluded from banking. It delivers a multifaceted bank-like experience, centered on a prepaid card, that is as easy to use as logging onto a fast, well-designed website. At the same time, the pivotal CAPVERTO Token (CAP) at its core supports advanced features such as a cash back system, peer-to-peer (P2P) monetary exchange, a digital currency trading platform, and an innovative cryptocurrency insurance product. In the course of normal use, all of these features influence the underlying value of the CAP, distinguishing it a uniquely flexible amenity for the unbanked and underbanked.

Website : https://capverto.com/landing/

Whitepaper : https://capverto.com/landing#whitePaper

Description :

Inclusive banking systems are engines of economic growth and poverty reduction. Without access to the full spectrum of banking services, unbanked populations must resort to outlets like microcredit networks and payday lenders to fulfill their financial needs, despite the high interest rates, steep fees and limited overall flexibility of such options. The unbanked need fairer, more flexible alternatives.

Cryptocurrencies hold considerable promise in these respects. They do not require the complex infrastructure and bureaucracy of traditionally centralized finance, nor do participants in their ICOs need to possess extensive financial histories or travel in person to any branch offices — both common barriers for unbanked individuals. Participation is often as straightforward as passing a few security verifications to open an online account, and it comes with the central benefit of fewer and lower transaction fees.

To date, digital currencies have gained traction by decentralizing and simplifying the financial tasks that once passed exclusively through traditional institutions and, in the case of payment card use, were costly because they required multiple parties to process. However, these projects have not yet specifically targeted the needs of the unbanked/underbanked.

CAPVERTO Exchange is offering an ICO targeting the unbanked/underbanked, ensuring they have opportunities to harness the unique benefits of cryptocurrency. It bridges the worlds of fiat money and cryptocurrency by combining an international prepaid card program linked to innovative banking and trading features centered on the CAP utility token.

All CAPVERTO Exchange features influence the value of CAP, meaning its price is a reflection of productive activities rather than uninformed speculation. Assets within CAPVERTO Exchange may also be protected with cryptocurrency insurance.

Features

The solution integrates a utility CAPVERTO Token (CAP). It enables advanced features such as a cash back system, P2P monetary exchange, digital currency trading platform, and a cryptocurrency insurance product. The team also integrated several pre-paid cards into their ICO campaign and solution. There are four tiers: blue, gold, platinum and black. The cards are linked to CAP tokens. The CAPVERTO cryptocurrency exchange will offer P2P lending and borrowing functionality. The exchange also foresees cryptocurrency insurances.

Capverto Smart Contract :

Capverto operates as an extensible, open-source framework that users can utilize to create blockchain applications. It allows users, whether individuals or corporate to create a customized blockchain.

Prepaid Card Program

When it comes to prepaid programs, Capverto develops prepaid cards that serve as the link between fiat money and cryptocurrency. For instance, if you own the prepaid card, you will receive an amount of CAP tokens equal to the tier of the card purchased, which starts at $100 for the basic blue card.

You can use the Capverto card for in-store and online purchases. When you shop using the card, up to 2 percent of every transaction is reinvested into CAP, which eventually influences the token’s value. Besides, there is a full-blown reward system, which enables direct discounts at affiliated merchants.

Secure P2P Lending and Borrowing

Capverto exchange enables secure and convenient P2P transfers. Instead of owning cryptocurrency and hoping it will appreciate, holders of the currency can lend up to half of their remaining asset value and generate interest from it. Annual interest rates currently stand at 8 percent, the amount that lenders can get instantly. In the meantime, borrowers can benefit from not having to depend on traditional financial institutions.

Copy Trading Platform

With Capverto, users can easily follow and copy trades and portfolios others. Copy trading provides new users with an easy way to get started while also influence the value of the CAP token. There is much more to this clause, as 10 percent of the profit made on the platform is sharable between the original trader and Capverto exchange. The deduction and sharing happen automatically and once done, the exchange reinvests its share in CAP.

Cryptocurrency Insurance

A unique feature on the platform, the cryptocurrency insurance gives users peace of mind that their valuable assets are safe from theft. This product drew its inspiration from the famous Mt Gox exchange in Tokyo. Capverto exchange offers this product in partnership with RiskPoint.

ROADMAP :

Q1 / 2018

The concept is in development

Q3 / 2018

Public sale of CAP Tokens

Q1 / 2019

Launch of app to iPhone and Android

Q4 / 2019

Launch of Merchant payment solution

Q4 / 2017

The concept is born

Q2 / 2018

Private sale of CAP Tokens

Q4 / 2018

Security and performance test. Launch of the official Capverto Platform

Q2 / 2019

Launch of Whitelabel solution

affiliation with or endorsed by them.

Extensible Smart Contracts

Capverto provides an open-source framework that users can utilize to create customized blockchain applications. You can learn more about this from their GitHub repository where you can learn how to leverage their smart contract to create customized blockchains.

The public ICO starts in about 9 days from this writing. Interested parties can join here.

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My information :

Username : Dobrii

Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=441120

ETH address : 0xA329b580c46CcF7a46DC06960C5A0Bb2f7D90430