maikel30: CARATZ - Cryptocurrency that can be accessed for everyone

Caratz is a transaction proxy & cryptocurrency exchange to enable cross-platform token transfers, directly via social media. It will support a number of ERC-20 tokens along with Caratz, and allow users to make transactions without ever leaving their social media applications. The Caratz platform can also be used to trade cryptocurrency pairs, integrated into a decentralized exchange.

A user like you or I can open a number of social media applications (Telegram, Facebook Messenger, Whatsapp, WeChat, Discord, and Twitch) and access our wallets that support a number of different ERC-20 assets. Users can then make transactions with each other, or trade currencies with other individuals.

Let's say that certain individuals want to trade tokens and files with one another. Using Caratz's built-in escrow system, both users can review their trades before both parties confirm and push orders through. The Caratz ecosystem allows users to have secure and secure transactions, a major problem in the current cryptocurrency.

Caratz will also have a whitelist for markets and channels to share posts and advertise products. The registry will be supported by the Caratz token, allowing creators to burn their tokens, and users to allocate tokens to improve credibility ratings.

What exactly is Cryptocurrency?

Cryptocurrency is a distributed digital currency similar to digital money. These are designed to be purchased, exchanged, and used for various services. Although this is a completely intangible form of currency without physical representation, it runs on and on thousands of computers, their primary goal of making financial transactions transparent and accessible to everyone.

But what makes this digital currency special is how it implements cryptography and decentralization. By removing the need for a central authority, it validates the transaction in a distributed manner and presents it publicly on the public ledger. This distributed network also allows for fast and direct transactions between parties that can be processed in minutes.

Cryptocurrency is often referred to as a coin or tokenized asset and stored in a digital wallet used to manage payments. Each wallet is protected by a private key - a special encrypted password - known only to the author. You can send or receive funds simply by sending transactions directly from your wallet. Like cash, you can spend the money you want, but digitally.

How did Caratz fit into the big picture?

All of this is made easy via the Caratz platform. Caratz's biggest selling point is its easy access, offering users direct access to wallets and transactions made through their social media applications. These include Telegram, Facebook Messenger, Whatsapp, WeChat, Discord, and Twitch.

Making integration and use easy, it offers full escrow function and support for more than 20 languages; users can even trade for other cryptocurrencies through an integrated decentralized exchange. Additional features include community-based voting for future platform development, online market creation, and crowdsourced whitelist list.

Exchange

Users can use an in-house Caratz exchange for such ERC-20 trading partners as CRTZ / ETH without ever leaving their social media applications. The Caratz exchange offers an ETH withdrawal fee at 0.003 ETH and unlimited 0.100% trading fee on withdrawal. Users took part in the Caratz-powered voting to introduce additional trade tides at Monthly Community Caratz Polls.

Escrows

Escrows are contracts in which funds are assigned to control an independent third party and licensed to protect buyers and sellers in a transaction. Users can send requests to other wallets for exchange of funds or information. After reviewing the offer, the selected party will respond. There are about 30,000 cybercrime victims who lost Ethereum averaging $ 7,500 each launch. These statistics continue to increase every year. Scam artists and thieves are rampant in today's cryptocurrency communities because of the lack of formal regulation and solutions to address this issue.

Token Sales and Distribution

Caratz is the main token that will be used by exchanges and platform transactions. A fixed number of 125MM Token Caratz will be issued, with 20MM suspended until 2019. Caratz will be run naturally on the Ethereum blockchain as the ERC-20 token.

125MM Token caratz will be made in total. Of this amount, 25MM will be locked until 2019 for developers, with another 5MM reserved to cover operational costs and funding for development and promoters. 95MM Token caratz will be distributed for the use of platforms in the following order: First, during Personal Sale, 20 MM will be sold to private investors. Then, 25MM will be sold in Pre-Token Sale, where the referral program will be launched. Users will receive a gift to refer others to Caratz, driving the growth of the user base. Following Sales PreToken, a 25MM token will be sold in Token Sales, when users will be given the ability to trade Caratz tokens. Finally, the 25MM token will be flown to Caratz account holders. Any tokens that are not purchased during Token Sales will immediately sell OTC through the Caratz platform by doubling the price of the Token Sell.