ICO Project Crypcore (CRYP)
Tokensale Start: 25/11/2019
Tokensale Finish: 30/01/2020
Crypcore is a project that provides stablecoin users for fast transactions. The project team will also provide Crypcore Exchange users, a platform with which they can exchange their cryptocurrency funds for other digital assets. In addition, in May 2020, the project team will release a mobile application with a built-in electronic wallet for convenient storage of crypto assets of users.
Business Model Overview Crypcore (CRYP)
1. The validity of income
The project will receive revenue from the commission fee that users rally for transactions within the Crypcore Exchange platform. The fee is 0.1%. The project team will direct 30% of the profit to ensure a stable price of CRYP tokens, and 20% of the profit will be stored in the stabilization pool. An additional stabilization pool will be used when the price of tokens drops by more than 10%.
2. Number of currencies accepted
The number of accepted currencies is represented by 3 liquid currencies: BTC, ETH, LTC.
3. Token emission
The project has a limited number of tokens. A total of 1 000 005 592 CRYP tokens will be issued.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 35%.
In the provided flow chart, the project goals are indicated until the end of 2020 (p. 20 White Paper). Tokens will be distributed as follows: 65% - “Reserved for ICO”, 9% - “Reserve”, 10% - “Marketing”, 15% - “Project team and founders”, 1% - “Bounty payments”.
6. SOFT CAP / HARD CAP Ratio
The current ratio of SOFT CAP / HARD CAP is favorable, which increases the investment attractiveness of the project, the values of SOFT CAP and HARD CAP are $ 3 000 000 and $ 7 000 000, respectively.
7. MVP availability
Soon a mobile application will be developed and available on Google Play and the App Store.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD