Crypterium aims to be a Cryptobank, and not any bank but a mobile one. They aim to develop a performant mobile banking platform. Mobile banking is it now in its infancy. Not long ago contactless debit and credit cards were introduced. In some parts of the world contactless cards are not used at all, neither does Internet Banking or Mobile Banking. Adoption is slow. Also an important aspect is that many banks have slow and ugly(UI/UX) apps for banking.
Right now Blockchain and Cryptocurrency are still in the early adoption phase. If you ask the Average Joe about Blockchain and Crypto they will answer that they heard something about some Internet/Digital Money but have no Idea how it works.
But in the coming years the world will need a mobile and performant Cryptobank, to replace their "traditional" Bank. Crypterium offers the solution. People will be able to spend, store, exchange and borrow cryptocurrency. They will skip the card and use directly your smartphone. They aim to have a small fee of 0.5% and no conversion tax. Integration to POS system and stores is also one of their targets, but what I find the most interesting is their Loyalty Program which makes buying and holding the Crypterium Token (CRPT) great.
So I will try to explain as best as I can the Loyalty Mechanism(for further details you can always consult their White Paper). Crypterium will charge merchants 0.5 - 1% of their turnover, and 0.15% of this tax will go to the Monthly Loyalty Program. Every CRPT Token Holder will be assigned to tier according directly to their holding amount as follows:
In order to understand how the final calculation are done I will give the following example. So in a month merchants were charged with 100.000.000 $. For this month the Loyalty Program fund will have allocated 100.000.000$*0.15%=150.000 $. This sum (150.000) will be splited between the tiers by the following shares:
so for Bronze tier we will have 7500 $, for Silver tier we will have 15000$, for Gold tier 52500 $ and for Platinum tier 75000$.
Finally lets say you own 25000 CRPT Tokens, so you are part of the Platinum tier. The sum you are entitled to takes into consideration the value of Platinum tier transactions and computes as follows:
For the said month Platinum tier transacted 1.000.000 $ out of which you transacted 20.000 $, so you transacted 2% of your group's volume. So you are entitled to 2% cashback out of the 75000 $ monthly Loyalty Program Fund.
0.02* 75000 = 1500 $ your monthly cashback.
Their team and advisor is made of highly experienced people with diverse backgrounds like tech, finance and legal. Keith Teare co-founder of Techcrunch is one of the advisors. More here https://crypterium.io/#team
Number of total tokens is 300.000.000. 70% out of which will be distributed for ICO. 15% will be reserved for marketing and loyalty purposes. 9% si reserved for founders and management. 3% is reserved for advisors and 3% is reserved for marketing.
Hardcap is 47.000.000 and is almost fullfilled so hurry up guys(as for now 46 308 930 have been collected). Softcap was reached in 5 hours.
Pricer per token is 0.0001 BTC.
Buy Tokens : https://crypterium.io/#ico
Links:
website: https://crypterium.io/
white paper: https://crypterium.io/wp/index.html?v=1.44
bitcointalk thread: https://bitcointalk.org/index.php?topic=2214098.0
