With more and more investors investing in cryptocurrencies from across the spectrum, there is a pressing need for a mechanism that not only secures these investments but also provides them with a comprehensive and trusted risk management solution. This is where “Cremit” comes into picture offering a robust and researched solution to help business owners and investors secure their investments in cryptocurrencies. While the Lot 2 of the pre-ICO is still ongoing as they are yet to launch their main ICO token sale.
As cryptocurrencies are getting increasingly popular following the incredible returns benefitting investors in 2017, they have also emerged as a coveted “asset” attracting investors from all across the globe. Since the very inception of the first cryptocurrency, Bitcoin, followed by the second generation of cryptocurrencies, Ethereum in particular, we have been witnessing the Blockchain technology redefine the way we exchange money. Today, Blockchain projects are also providing businesses with adequate and articulate solutions to some complex business problems including making business processes easier, more transparent with decentralized ledgers, and quicker transaction processing and enhanced security. This continues to inspire more and more businesses to develop their own tokens leaving investors with a range of choices and opportunities. According to Coinmarketcap, currently, there are over 1400 cryptocurrencies exchanging ownership on popular exchanges and around 42 cryptocurrencies have a market capitalization of over $1Billion. While billions are being invested and traded every day it is important to understand that every asset or investment has a risk attached to it. With more and more investors investing in cryptocurrencies from across the spectrum, there is a pressing need for a mechanism that not only secures these investments but also provides them with a comprehensive and trusted risk management solution. This is where “Cremit” comes into picture offering a robust and researched solution to help business owners and investors secure their investments in cryptocurrencies. While the Lot 2 of the pre-ICO is still ongoing as they are yet to launch their main ICO token sale, here’s our detailed analysis and review of Cremit ICO.
Cremit : First Ever Banking and Insurance Service Provider For Cryptocurrencies
Cremit identifies a common problem shared by almost every cryptocurrency investor/potential investor and that is “Security of their Investments”. And, with the security, they mean covering the risks facing investments due to “Market Volatility”. Clear in their approach Cremit is developing a solution to help potential investors and token holders assuring them of maximized profits by securing their investments. The market volatility is unpredictable and there are multiple factors ranging from government policies to hacking scenarios and from market liquidity to something as nominal as an influencer review that can be attributed to an unprecedented change in the value/price of a given cryptocurrency. Cremit mitigates such risks and provides its users with enhanced security in terms of investment
“This is a game changer for crypto world as the biggest fear for anyone who possess altcoins is market volatility in cryptocurrency. We offer insurance for Bitcoin, Ethereum and other coins against such volatilities. You can claim up to 100% insurance for your coins insured in Cremit”- explains the Cremit Whitepaper. We have a well defined slab for their insurance services along with a comprehensive process for getting your crypto assets insured.
Exclusive features for Cremit Users
Cremit offers some promising features to its users including a Cremit Smart Wallet, access to their Multi crypto exchange and multi crypto payment gateway, state of art mining farm for multi crypto mining, and exclusive Certificate of Deposit/Fixed Deposit. Of these the prominent feature that makes Cremit unique in its services is their Multi crypto exchange platform and the Certificate of Deposit/fixed deposit.
Cremit’s Multi Crypto exchange will allow the users to exchange Bitcoin and other popular alternative digital currencies with zero fees and also insurance on rate will be given by default for the users. Moreover, Cremit’s exchange platform is developed to process 200,000 orders per second which not only offers the users a negligible wait time but also that makes it scalable.
Another exciting feature that users can benefit from is that Cremit offers interest against Fixed deposits and deposits. Every deposit made will be entitled to a Certificate of Deposit and the interest rates will depend on the term of the deposit made with Cremit.
Strong Use Case and Growth Potentials
There is no denying the fact that Blockchain is Technology of the future and today with all cryptocurrencies combined already having a market capitalization of over $102 Billion it is an indicator of great prospects for a platform like Cremit. Cremit is eyeing this huge market which is taking quantum leaps in terms of growth and are looking forward to emerging as a market leader and pioneer in Crypto Insurance and Banking services. The two major cryptocurrencies Bitcoin and Ethereum alone have a market capitalization of over $62 Billion. No doubt that a large number of investors while looking to get increased returns from their investments will also want to get the existing and potential investments insured. The multiple features offered on Cremit’s platform will make it easier for the users to trade cryptocurrencies and even get an opportunity to earn interest on their parked assets.
The Team: Diverse and Dynamic
Cremit has a diverse and experienced team of specialists in various roles. Cremit CEO, Amit Singh, is a serial entrepreneur with startups in various verticals like Blockchain, Real-estate, and E-commerce. He has been associated with several successful projects in past and is also a Director with Virtual Gain Technologies Pvt. Ltd while offering his services to Cremit which he claims to be his dream project. Andy Watkins, technical head with Cremit is an experienced Blockchain geek. The team has dedicated specialists with relevant experience in Banking and insurance sector including branding and development. Apart from a strong team and talented and experienced experts spearheading the Cremit Project, they have been joined by some very established names like Phillip Nunn and renowned Blockchain Geeks, Vladimir Nikitin & Nikolay Shikilev, in their advisor board. While Philip founded the Blackmore Group in 2013, he is a well-known, online influencer in the blockchain and crypto space and has travelled the world evangelising and talking on these subjects. Vladimir is a World-class professional in consulting with over ten years experience in the legal, finance, marketing,retail, and IT industries and Nikolay has 20 years of experience of being involved in large-scale projects and is also the founder of the "Private Business Club" - a private club for successful entrepreneurs.
Cremit ICO Details
Cremit’s CRMT tokens are ERC 20 tokens built on top of Ethereum’s Blockchain. Cremit’s pre-ICO is already ongoing and their main ICO token sale is scheduled to be launched anytime in between July-November 2018. The Cremit ICO is being executed in two parts: the ICO pre-sale and the main ICO token sale.
The ICO presale has been further divided into two phases or lots wherein the initial lot which is already claimed offered CREMIT’s 1 CRMT token for $0.10 USD worth of Bitcoins. In the second lot which is currently ongoing, 1 CRMT token can be purchased for $0.27 worth of Bitcoins. One can purchase CREMIT tokens only against Bitcoins as no Fiat currency or other tokens are accepted. The total number of tokens available for ICO presale is 21 million CRMTs.
The total number of Cremit tokens to be mined is 210,000,000 out of which 84 million CRMT tokens are available for sale to the public through their ICO. The main ICO which is scheduled to take place between July-August 2018, is further divided into three lots. The CRMT tokens available for crowd sale during the main ICO can be purchased against $0.50, $0.65, $0.75 worth of Bitcoins during the Lot1, Lot2, and Lot3 respectively. One can participate in their ICO token sale and purchase CRMT tokens from their website.
Allocation and Distribution of Funds
While a total of 105 million CRMT tokens goes towards ICO presale (21 million) and main ICO crowd sale (85 million) other 63 million CRMT tokens are reserved for future sale. Of the remaining, 42 million Cremit tokens (from the total of 210 million total tokens to be created) a 21 million each is reserved for Rewards and Bonuses and the Cremit Team.
Benefits for early investors
Cremit also promises certain exclusive benefits to their early investors who will be participating and purchasing CRMT tokens through their ICO. Those investing in the ICO will be getting a 0.5% reward on their investment for every transaction made on Cremit’s Platform. Moreover, those purchasing tokens through the ICO will be entitled to exclusive insurance plans for their assets in altcoins. Further, 30% of the total revenues generated through the Cremit’s services will be distributed amongst the token holders.
Advantages:
One of its Kind services - Cremit is providing insurance and banking services including interest against deposits in alternate currencies which is not only the first of its kind but is also much needed in crypto space. This will provide users with added security while they continue to benefit from their investments.
Well Defined Roadmap - Cremit has a very well defined and detailed roadmap as they are already progressing with their pre-ICO. The conceptualization and planning are futuristic which add to the confidence of an average investor.
Defined Revenue Streams - Cremit offers insurance services and also banking facilities for cryptocurrencies and they have simple and defined revenue streams like any other traditional banking or insurance service provider with an added benefit to its user to make transactions without any particular charges.
Strong and Dedicated Team - Cremit’s team is versatile and specialized including experts with previous industry specific related experiences. This is a positive side for those looking to invest in the project.
Scalable and High Order Processing Speed- The Cremit’s CRMT tokens are scalable and Cremit’s exchange is developed to process over 200,000 orders per second which means negligible wait time for those making transactions through Cremit’s multi crypto exchange.
Immense Growth Potential - Given the fact that Cremit is one of its kind services and the huge market of cryptocurrencies there is immense growth potential for Cremit to expand and offer its services. Also, lack of any existing risk management mechanism in the crypto world is definitely a big advantage with Cremit.
