CRPT is an Ethereum token that powers Crypterium, a wallet that aims to combine traditional financial services and cryptocurrency. When users conduct crypto-to-fiat transactions, a 0.5% gas fee in CRPT is charged and then burned at the end of each month.
What Is Crypterium (CRPT)?
According to the website, Crypterium is a growing fintech platform bringing efficiency and transparency to everyday digital asset finances. The objective of this platform is to make digital currencies easy to use. The platform also aims to bridge the crypto and traditional economies. The platform claims that it can help customers in more than 170 countries by handling their assets.
This network seeks to provide financial freedom to the users. As per the website, this network helps store, exchange, and cash out the most popular cryptocurrencies in one application, trusted by 450,000+ customers globally. Also, Crypterium aims to allow businesses to monetize their audience by seeking to offer better crypto and VISA card issuance services. Further, CRPT is the governance token of Crypterium. It is the core of all trades on the Crypterium platform. According to the whitepaper, there will be no payment without CRPT. Also, the token is regulated by smart contract, and its main aim is to stimulate token holders to utilize Crypterium in their day-to-day lives and draw new users to the network.
Crypterium has released a web wallet and became the official VISA Europe partner. In 2021 this network launched a crowdfunding campaign on the Seedrs platform. Of the CRPT tokens, 1,000,000 have been burned. Token burning is when the users can remove tokens from circulation, which lowers the number of tokens in use.
History of Crypterium (CRPT)
Crypterium's whitepaper version 1.0 was launched on October 31, 2017. The CEO of this network is Vladimir Gorbunov. He is a fintech entrepreneur with many successful ventures focusing on streamlining real-world issues via technology. The maximum total supply of the token is 300,000,000 CRPT. As per the website, the Crypterium network has achieved several milestones: The network has raised $51 million in the ICO in the year 2017. Further in 2018, the platform launched the first version of the Crypterium app. Later, Crypterium was among “50 emerging companies” by H2ventures and KPMG.
