A contract is basically an agreement between two parties creating a legal obligation for both of them to perform specific acts. Each party is legally bound to perform the specified duties such as rendering a payment or delivering goods. In order for the contract to be enforceable, each party must exchange something of value (called “consideration”). A contract may be used for various transactions, including the sale of land or goods, or the provision of services. They may be either oral or written, though courts prefer that agreements be put in writing. An agreement, or a contract, says what you and the other person or organization has agreed to do. It is a written list of the promises you have made. The best form of contract is written on paper and signed by each party.
Contractium is a decentralized software that is based on Ethereum smart contract, which helps users create smart contract easily via desktop, mobile or web app. Contractium will eliminate the print contract that requires two or more parties and/or notarized by the public notary or the other third party. Contractium, as a software-as-a-service, helps businesses use as; a payment gateway and an online rewards system.
Ethereum's blockchain technology is based on the Proof-of-Work (PoW) algorithm and now it is planning to switch to Proof of Stake (PoS). Out of necessity for future global need, we create Contractium, which is based on Ethereum with the Proof-of-Contract (PoC) algorithm. We believe in the next generation of smart contracts and we are building an ethereum-based smart-contract technology to secure commercial deals between contractorss and contractees on the internet with our unique patent-pending Proof-of-Contract protocol. Contractium helps even non-technical background users create smart contract easily, securely and trustless to work with each other.
Contractium will be integrated into the e-commerce websites/mobile applications so that they can use all the functions of Contractium. The customers will be rewarded easily with tokens on each buying/consumption and they can withdraw immediately. The e-commerce/online businesses can issue their own tokens to reward to their customers. Advertisers can also create a self-execution smart contract to precede the deal with agencies/services on every single ads-campaign, and vice versa. Contractium is used as smart contract tool, payment means, rewards /bonus system.
CONTRACTIUM FEATURES
• Smart contract creation
• Crypto-Payment gateway
• Crypto-Reward system
• Token issuing.
CONTRACTIUM USE CASE
• Freelance use case
• E-commerce use case
• Online game use case
• Social Media use case
• Advertising use case
• Social Data use case.
THE MISSION
• Help contractors & contractees sign the commercial smart contract easily & trustfully.
• Make commercial smart contract easy & secured.
• Help users earn extra money with their online consumption.
THE VISION
• Internet users’ smart contract.
• Eliminating print contract, with the aim of replacing online traditional rewards/bonus system.
TOKEN DETAILS
Token symbol: CTU
Total Supply: 3,000,000,000 CTU
ICO token price: 01 ETH = 15,000 CTU
Token mining: Not mineable
Token amount issued: Not infinitive
Token type: Utility tokens
Token Standard: ERC-20 tokens
TOKEN ALLOCATIONS
Public Investors: 51%
Team, Advisors and Partners: 22%
Reserved Fund: 27%
USE OF PROCEEDS
Product development: 51%
Branding and Marketing: 26%
Operation: 14%
Administration: 6%
Core team development: 4%
ROADMAP
January 2017: Team Formation
October 2017: Project Kickstarted
June 2018: Dashboard Release, Mobile App Released: Android & iOS
July 2018: Private Sales starts, MVP Released
August 2018: Private Sales ends, Presales Started, 10 Exchange Listing Confirmed
September 2018: Presales ends, Public Sales starts
October 2018: Public Sales ends, Token Sale begins
November 2018: Token Sale ends, Trade on Exchanges commences
January 2019: Launch of B2B S-A-A-S for business integration
May 2019: Vertical Diversifying into other businesses
TEAM
Hung V.Nguyen – Co-founder & CEO
Thanh H. Tran – Co-founder & CTO
Thien Q. Nguyen – Co-founder & CPO
Dennis Poh Wei Song – Co-founder & COO (Singapore market)
Efosa Ighodaro – Co-founder & CEO (Africa market)
Nsofor Gabriel Uchenna – Business Development Manager
Gien Tran – Blockchain Tech Lead
Victor Ugochukwu – Co-founder & COO (Africa market)
ADVISORS
Daniel Lew – Exchange, ICO Advisor, Founder & CEO of Metamorph.pro
Douglas Abrams – VCs Advisor, CEO at Expara and Expara IDM Ventures
Franck Nouyrigat – Cryptocurrency Advisor, CEO of Recorp, Startupweekend
Khiem Tran – Finance / Fund raising Advisor, Director of Expara Vietnam
Dr. Thi A. Nguyen – Tech Startup Advisor, Director of ITP
For more details on this project, please feel free to click on any of the following links:
Website: https://ico.contractium.io/
Whitepaper: https://docs.google.com/document/d/10BqajJ39sen3GeulHCSxGJ7vRx9UUT4AEkbpP2OSxmM/edit#
Twitter: https://twitter.com/contractium
Facebook: https://www.facebook.com/contractium.io/
Telegram: https://t.me/contractium
Published by: tszone
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1742409
Ethereum wallet address: 0x684c9d1c004AB2023E1d3ae9aEb902B514B703d1
