CAPVERTO
UPIK05Introduction
CAPVERTO Exchange is a platform for the safe and convenient transfer of P2P. Instead of simply holding on to the crypto currency and hoping that this will be assessed, individuals and organizations can provide up to half the value of assets and collect interest. Annual interest rates are 8 percent, and the amount is instantly paid to the lender. Meanwhile, it is beneficial for borrowers not to rely solely on traditional financial institutions.
CAPVERTO Exchange is a digital currency based on a universal utility brand, which significantly expands the main advantages of crypto currency through design, directly addressing the needs of the population most often excluded from banking. It provides a multi-faceted banking experience focused on a prepaid card, which is as easy to use as entering a fast, well-designed website.
At the same time, the main CAPVERTO token (CAP) basically supports advanced features such as a cash return system, the peer-to-peer currency exchange (P2P), a platform for trading in digital currencies and an innovative product for crypto currency insurance. Under normal use, all these functions affect the basic value of CAP, which distinguishes it from the unique flexibility for non-banking and small-bank.
All the capabilities of CAPVERTO Exchange affect the value of CAP, that is, its price is a reflection of production activity, and not unaware of speculation. Assets in CAPVERTO Exchange can also be protected by crypto insurance.
Building a Bridge Between Fiat Money and Cryptocurrency with Prepaid Cards
Over the last twenty years, prepaid cards have evolved from niche products into essential financial instruments with particular usefulness for the underbanked and unbanked individuals. Infosys has projected the global prepaid card market will surpass $3 trillion by 2022, in part because of sustained robust demand for accessible, flexible alternatives to normal bank accounts among these groups.
More specifically, general-purpose reloadable prepaid cards are common substitutes for primary checking accounts, due to significant benefits including but not limited to:
In a comprehensive 2012 report on prepaid card use throughout the U.S., the Federal Reserve Bank of Philadelphia noted that total transaction volume associated with these cards was growing much faster than that for either credit or debit cards.
Moreover, the Pew Charitable Trusts has documented the heaviest prepaid utilization among unbanked consumers with annual incomes of $50,000 or less; more than 40 percent of this group also had direct deposit configured for such cards.
• No – or minimal – fees for activities such as overdrafts and check cashing.
• Liability protections if the card is ever lost or stolen.
• Easily reloadable via mobile devices, stores and direct deposit.
• Usable at point-of-sale terminals and online stores.
• Tighter control of spending, with less likelihood of going into debt.
Cashback within CAPVERTO
CAP, the core of CAPVERTO, is a utility token.The token is involved in all of the key operations of the platform:
- Whenever a member purchases an international prepaid card, an equivalent amount of CAP is transferred into their account. So for the starting tier – blue – that would amount to $100 worth of CAP.
- Cash back rewards are awarded as CAP. Up to 2 percent of each transaction with the card, depending on its color tier, is eligible for cashback in the form of CAP tokens, meaning that all user card activity continually influences CAP holdings and total value.
- CAP is also distributed as part of the copy trading system. When a trader’s portfolio is copied, a percentage of the total profit that the follower would have accrued is given to the original trader, partially as CAP with the rest denominated in the traded currency.
The CAP utility token is the engine powering CAPVERTO, to benefit the unbanked and underbanked.
Prepaid Card Program
CAPVERTO prepaid cards are bridges between fiat money and cryptocurrency. Each cardholder receives an amount of CAP utility tokens corresponding to the tier of the card purchased, starting at $100 for the basic blue card. Like a regular payment card, the CAPVERTO card can be used for in-store and online purchases, while up to 2 percent of every transaction is reinvested into CAP, influencing the token’s value. There is also a full-fledged rewards system enabling direct discounts at affiliated merchants.
Secure P2P Lending and Borrowing
CAPVERTO Exchange is a platform for secure and convenient P2P transfers. Instead of simply holding onto cryptocurrency and hoping it will appreciate, individuals and organizations can lend up to half the to-date value of their assets and collect interest on it. Annual interest rates are 8 percent and the amount is paid instantly to the lender. Meanwhile, borrowers benefit from not having to rely exclusively on traditional financial institutions.
Copy Trading Platform
CAPVERTO makes it easy to follow and copy the trades and portfolios of others. Copy trading gives new participants an easy way to get started, while also affecting the value of the CAP token. Ten percent of the profit from each copy trade is automatically deducted and split between the original trader and CAPVERTO Exchange, which in turn reinvests it in CAP. Together with the other influences on CAP such as the transactions from the card program, copy trading ensures the token’s value accurately reflects productive activity on CAPVERTO.
Cryptocurrency Insurance
One of the first offerings of its kind, CAPVERTO’s cryptocurrency insurance product provides peace of mind that your valuable assets are as safe as possible from theft. Inspired as a response to the landmark breach of the Mt. Gox exchange in Tokyo, this insurance is offered through a partnership with RiskPoint. It functions alongside other protections including proof-of-address, KYC, AML, and 2-factor authentication to fend off a wide variety of cybersecurity threats.
Extensible Smart Contracts
CAPVERTO offers an open source framework for building custom blockchain applications. Take a look at our GitHub repository today to learn how you can leverage our smart contracts to build private and permissioned public blockchains; Smart contract technology is at the heart of modern cryptocurrencies, delivering the transparency, immutability and cryptographic security essential for an optimal experience.
ICO Details
General information
Token : CAP
Platform : Ethereum
Standard : ERC20
Quantity : 250,000,000 CAP
Price: 1 CAP = 1.82 USD
Payment : ETH
Soft cap : 1,125,000 CAP
Hard cap: 171,375,000 CAP
KYC : No
ICO
Start : 9/1/2018
Completion : 10/27/2018
ROADMAP
Q4 2017 The concept is born.
Q1 2018 The concept is under construction.
Q2 2018 Private sale of CAP tokens.
Q3 2018 Public sale of CAP tokens.
Q4 2018 Check security and performance. Launch of the official Capverto platform.
Q1 2019 Launch the application for the iPhone and Android.
Q2 2019 Run the Whitelabel solution.
Q4 2019 Run a payment solution for outlets.
TEAM
Martin Mathiassen
CEO & Co-founder
René Fürster Simonsen
CTO & Co-founder
Rene Meldgaard
CIO & Co-founder
Jesper Andersen
Consultant
Luis Frank Nergaard Klixbull
Affiliate Manager
André Simonsen
Affiliate Manager
Anastasiya Voronina
IT Project Manager
Sebastian Bucur
Business Developer
Andrey Bondarenko
Senior Developer
Tatiana Gryaznova
Software QA Specialist
Vitaliy Akinshin
Senior front-end developer
Nikita Maximov
Front-end developer
Vladislav Ivanov
Developer
Artem Glukhov
Senior Cloud Architect
Kim Herløv
Advisor
Alex Cox
Senior Writer
Gray Bouchard
Project Manager
Wesley Garner
Content Marketing Strategist
Amy Oughton
Senior Business Partner
More information contact:
Website : https://capverto.com/landing/
Whitepaper : https://capverto.com/landing#whitePaper
Bounty Thread : https://bitcointalk.org/index.php?topic=4973071.0
Facebook : https://www.facebook.com/capverto
LinkedIn: https://www.linkedin.com/company/capverto
Twitter: https://twitter.com/capverto
Telegram : https://t.me/capverto
Author : Upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4