Crypcore Ico Review : A Stable, Private, Fast And Secure Digital Asset

Desember 22, 2019

Crypcore Ico Review : A Stable, Private, Fast And Secure Digital Asset

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About Crypcore

Stable coins were created to solve the problem of volatility as crypto currency adoption has been bottlenecked around price stability. Stable coins have performed well since joining the crypto currency space but there are still a lot of improvements to be made. Particularly in the area of crypto collateralized coins. This paper explores the possibility of creating a crypto collateralized stable coin that combines pure crypto exchanges, a solvency system and the Cryptonote protocol. Crypcore is all about creating a crypto asset that enforces a solvency system which eliminates wild price swings, while giving Crypcore the chance to grow. Crypcore is essentially the combination of a crypto collateralized digital asset with a solvency system to ensure price stability.

Problems and Solutions

Too much power on the part of the issuer

Stable coins can effectively be taken out of circulation at any time by the issuing organization. As an example the Omni Protocol of tether can grant and revoke tokens represented on the blockchain. With Crypcore this is not possible because of the technology that Crypcore is based on.

Over issuance

A big problem with most stable coins is that they are issued the same way central banks issue money, this makes them vulnerable to over issuance and susceptible to inflation. Crypcore will not have this problem because the quantity in circulation is determined by the emission logic of the Cryptonote protocol, and is visible to all.

Unstable Virtual Collateral

Virtual Collateral is itself unstable so using it to back a stable coin is difficult and confusing. By the end of this paper you will see how Crypcore hopes to solve this problem.

Complex Smart Contracts

For crypto collateralized digital assets like Maker Dai there is a problem of understanding. For regular everyday users the terms can seem unnecessarily complex. Crypcore will implement a very simple solvency equation system with easy to understand equation and parameters.

How does Crypcore work?

Crypcore is forked from Monero which is built on the cryptographically secure and truly anonymous Cryptonote protocol, the Crypcore ecosystem brings together a solvency equation, a pure crypto exchange and the Cryptonote protocol to create a coin which has a stable price with price stability achieved by averaging the collateral increase with price fluctuations. To this effect Crypcore is a stable coin which operates in a fundamentally different way to traditional stable coins, we will call it a Dynamic Stable Coin. Crypcore will earn collateral from the fees charged on the Crypcore exchange, these fees will be added to the collateral of the Crypcore coin thus always increasing the collateral and maintaining the stability of the Crypcore Price.

Crypcore Wallets

Crypcore aims to be accessible to even non-technical users, wallets will be provided for a wide range of platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the completion of the Web Wallet development for android and iPhone wallets will begin.

Crypcore Exchange

Crypcore exchange will play a very important role in managing the price of Crypcore. To do this Crypcore Exchange will have to do things in an unconventional manner. A very simple solvency equation will determine the pricing of Cryps. In normal stable coins the tokens are issued by the primary organization but Crypcore exchange will not be able to create tokens, rather each coin is mined. This is because the privacy and security of our users are of utmost importance. In order for Cryps to hold their value the initial money supply is mined and held by the Crypcore exchange. The Cryps held by the exchange will not be regarded as being in circulation.

Features

Stable Price

Crypcore leverages the Crypcore exchange to maintain a stable price, this price will change occasionally based on a transparent price determining mechanism as found in the Crypcore whitepaper and the section below.

Exchange for other crypto currency

You can buy any currency which is stable and top rated on the market having worth than 100M USD on Investing.com Market.

Transfer to Debit card

Crypcore do accept Debt card to buy CryptoCurrency from our Exchange with complete verification which will be confidential

Accessible

Crypcore has a variety of wallets that make it easy to use and make it readily available to a wide range of people. Developers who have worked with Monero will find it easy to integrate Crypcore into their projects.

Protection against fraud

Crypcore are using 3 layers for security and strick checking policy for every transactions. Crypcore do provide guranteed protection from different top companies around the world.

Anonymity

Crypcore is forked from Monero which is regarded as the best asset in the crypto currency market when it comes to privacy, Crypcore utilizes ring signatures, confidential transactions and stealth addresses.

Team

Michael Soeterbroek, Founder & CEO

Peter Akporume, Co-Founder

Shehzad Khan, CTO & Developer

Kashif Khan, CMO

ROADMAP

Q2 2019 — Idea Realisation & Research

$50,000 private funding

Q3 2019 — Architecture Design & Whitepaper publication

Q4 2019 — Launch Crypcore Instant Exchange

Launch block Explorer

Start trading crypcore on exchanges