

Dear Crypterium and Binance communities!

We have some exciting news. Crypterium, the world's first cryptobank, is pursuing a listing on Binance DEX. Leave your comments below as to why you believe Crypterium is a great project, and show us all the support you’ve been saving for this day!

Project Summary

Project Name

Crypterium

Link to your asset page on Binance Chain

https://explorer.binance.org/asset/CRPT-8C9

Your name and position

Austin Kimm, co-founder and COO

A one-sentence pitch about your Project

Crypterium is a one-stop solution to all crypto-related needs - store, buy, exchange, send, cash out and spend digital currencies on the go using a single app.

What are you planning to achieve with your project?

Digital currencies offer plenty of benefits against traditional ones. They are inexpensive, secure, transparent and incredibly flexible. Despite these unique characteristics, people find it difficult to use them for day-to-day purchases. Our ultimate goal is to allow people use digital currencies with the same easy as traditional money.

What is the team size now? Please list each core member of the Project team and outline their role and responsibilities. If any project member is involved in other projects, please clearly state their commitment and how they avoid conflict of interest.

There are over 80 people working for Crypterium with a vast majority of them being IT-specialists. Our core management team is made up of C-suite executives with worldwide experience in some of the most innovative FinTech companies:

Steven Parker, CEO

Former General Manager of Visa’s Central & Eastern Europe network. Experienced leader in payments technology, digital innovation and financial services.

Austin Kimm, COO

Experienced results proven financial services CEO. Built companies with a current valuation in excess $500 million.

Rafael Carrascosa, VP of Global partnerships

Banking and Payments executive and business entrepreneur with over 25 years of experience in Financial Services, FinTech and Consulting business in multiple regions and cultures of the world.

Project Website

https://crypterium.com

Share a link to your project’s whitepaper

https://crypterium.com/wp/index.html

Share a link or image of your roadmap

Where are you right now in your roadmap?

We have already launched two core products that allow our users to do basically anything related to cryptocurrencies - a mobile wallet and a global crypto card. At the moment, we are building new partnerships to ensure the best possible experience for our users all over the world, entering new markets (South America, Asia) etc. We are also closely watching the crypto market development to to respond promptly to all the new challenges.

What is the business model of the Project?

Like most of transactional businesses, Crypterium gets most of the revenue in form of fees for executing transactions. However, we are moving to the SAAS model where the main revenue stream would be Crypteirum's subscriptions. We’re also planning to add new revenue streams from VAS and partner projects.

What is the potential user base and market opportunity?

Crypterium builds services at the intersection of the crypto and fiat worlds that merge into the Crypterium App – a single point of access that lets people do anything with digital currencies. In this context of rising interest by both civil society and companies like Facebook, the demand for services that unlock the power of cryptocurrencies for everyday use will certainly increase.

As of June, 2019, Crypterium is trusted by over 500,000 registered users. Most of users are based in the United States, South America and Europe. Based on our internal assessment of market conditions, we expect to increase our user base to 1 million active users by 2021.

Token Information & Economics

Token Name and Symbol

Crypterium Token, CRPT

What is the primary use case of your token?

CRPT is a utility token issued by Crypterium. It is used as gas in crypto-fiat transaction within the Crypterium ecosystem. Every time someone makes a transaction, such as buying or cashing out crypto, as well as topping up the Crypterium Card, a fee equal to 0.5% of the transaction value in CRPT is deduced from the user's account and burned.

Where else can your token be used?

CRPT is used as gas in Crypterium payments services. We also plan to introduce several new services where CRPT will be the core product.

What is the total supply of your token?

99 968 575 CRPT

What is the circulating supply of your token?

83 971 024 CRPT

Please provide a breakdown of current token allocation.

Around 15% of all issued tokens is Crypterium company tokes that are reserved for future development funding and user acquisition. The rest of tokens is distributed between at least 60K Crypterium community members.

Please provide a list of team wallets that hold your token

Can not be provided, as team tokens were already unlocked

Please provide all lockups in place for any holders of the token.

There are currently no lockups of tokens.

Is your token a security token? If yes, did you get the required approvals from regulators in your jurisdiction?

No, CRPT is a utility token that has no features of security tokens.

Is the token currently running on any network other than Binance Chain? If yes, what is the swap/migration plan?

CRPT was designed as a ERC-20 token, but we’ll provide our token holders with an easy way to swap their tokens to BEP-2. The swap will work on our website first, and will be implemented to the Crypterium App within several months after the listing.

When token holders want to swap tokens, ERC-20 CRPT are locked while the same amount of BEP-2 CRPT tokens is unfrozen. Circulation supply will stay the same and burn function will work in 2 networks.

Is the token currently listed on any other exchange? What are they?

Kucoin, Liquid, HitBTC

Funds

Did you conduct an ICO or any type of fundraising? When was it?

Yes, Crypterium conducted a token sale from October 31, 2017 to January 5, 2018

How much in total did you raise?

Crypterium sold tokens for around 3 300 BTC

How much have you spent in total thus far? What have you spent these funds on?

Crypterium is spending its funds on user acquisition, as well as integrations with new partners and product development.

How much runway does your project require to ship the final product?

Crypterium has already released its two core products - the Crypterium App and the Crypterium Card. Right now we’re focused on user acquisition and building complimentary solutions to give our users even more options of using crypto in everyday life.

What currency/coin/token do you plan to hold your funds in?

Crypterium holds its funds in the diversified portfolio of assets, including BTC, ETH, CRPT cryptocurrencies and major fiat currencies.

What’s your coin storage/conversion policy? Do you only convert to fiat when you spend?

Our conversion policy depends on market conditions.

How do you plan to publish your spending each month?

Crypterium does not plan to publish monthly spendings reports.

Where are your funds stored? Please provide the addresses for public community tracking

Our security policy and portfolio diversification disables us to provide such information.

Development

What are the technological innovations of the project, if there are any?

Our goal is to provide the most convenient financial services for crypto users around the globe. All our solutions are based on two key principles - simplicity and efficiency.

Using our App, people can, for example, buy, exchange and cash out crypto instantly at best rates. This is possible thanks to Crypterium’s SX (Smart Exchange) - an AI based solution that automatically routes different exchange liquidity offerings to always get the best deal for our customers. At the moment, Crypteirum is integrated with 10 major exchanges.

Our Crypto Card is another revolutionary solution. It is the first only solution that allows people across the globe to pay with crypto on the go.

Where are your code repositories located?

All Crypterium codes are stored in different git systems.

Do you have any products or UI demos can you share publicly? Are any built by your community, as opposed to being in-house demos?

The Crypterium App is a fully operational product, available for iOS and Android devices.



You can find more in our videos:

Series of videos showing the Crypterium Card in action - click to watch

A video showing the Crypterium Card main characteristics - click to watch

A video showing key features of the Crypterium App - click to watch

A video outlining the philosophy behind Crypterium - click to watch

Do you plan to release weekly progress updates in this forum?

We post weekly updates in our blog.

Do you plan to host monthly or bi-monthly video AMAs?

Crypterium is aligned with the transparency promoted by the blockchain technology. To that end, we conduct AMA and livestream sessions with key managers on a periodic basis.

Here are some examples:

List of latest livestream sessions - click to watch

First Reddit AMA with CEO Steven Parker - click to read

Competitors

Who do you view as your current competitors/peers?

Coinbase, Wirex, BitPay, Crypto com

What is your project’s competitive advantage over existing or potential future solutions?

The competitive advantages of Crypterium rely on its ability to negotiate strategic partnerships with market leaders to enable the best conditions for each of our services.

Digital currencies strike a chance to reach everyone equally, even those neglected from basic financial services like bank accounts. That’s precisely why Crypterium offers global solutions, unlike the localized services promoted by other players. The Crypterium Card - our latest product - is a reflection of our commitment with inclusive financial services. It is the first and only crypto card available worldwide.

The same rule applies to all other services within the Crypterium App. Users are able to cash out instantly to any MasterCard with fees as low as 1,5%, or purchase cryptocurrencies no matter where they are based.