CREDITS platform successfully completed pre-ICO, collecting $ 3 million investments 4 days before the official end date. “We express our great gratitude to all those who showed interest in our project and we will do our best to fully justify the trust you have shown. Early closing of pre-ICO clearly showed that the project is appealing to people from all over the world. Alas, our tokens have not been caught by all persons interested!”
“We have collected enough funds to actively develop the CREDITS platform according to the road map of the project. We apologize to all those who did not have time to participate in the pre-ICO: we were forced to close it as we have reached the hard cap. In the nearest plans we have the ICO in February 2018. The acceptable fundraising limit of 20 million dollars is a reasonable sum for realization of such a large-scale project. ” – said CEO Igor Chugunov.
CREDITS is an open blockchain platform with standalone smart contracts and internal cryptocurrency. The platform is designed to create services within the blockchain using smart contracts and a public-data register. The project team expresses great appreciation to all those who have shown interest in the CREDITS platform and reminds about the upcoming ICO. The Alpha version of the platform will be launched very soon, therefore it was decided to postpone the ICO date to February 1, 2018 so that everyone interested can test the platform and see how it works.
The main parameters of the forthcoming ICO:
- ICO dates: February 1st – February 28th, 2018
- Total number of issued tokens – 1 000 000 000
- Exchange rate of a token – 1 ETH = 5000 CS (CREDITS)
- CREDITS tokens can be purchased for Bitcoin and Ether.
To increase the investor’s confidence, CREDITS uses escrow. Escrow is a way to block funds collected by ICOs from third parties (investors) until certain conditions arise. The team will not be able to spend the crypto currencies collected during the ICO before the promises to develop the alpha version and release of the full version of the platform are done.
Due to the heightened interest on the part of contributions and Crypto community, it was decided to conduct a preliminary Whitelist registration. The contributions will need to undergo a standard KYC (know your customer) procedure in order to comply with the international rules on combating crime and money laundering. Any person wishing to contribute more than 10 ETH in the project will be required to pass this procedure.
During the ICO, the company plans to sell tokens worth of $ 15-20 million. In the first half of the year, the company will be able to use only 50% of the collected funds, but no more than 7-10 million dollars for the development of the platform. The remaining funds will be unlocked after the launch of the Alpha version and the release of the platform.
According to the calculations of the project budget, the company will need 15-20 million dollars for the first year of operations, development and promotion of the platform. For the next 2-5 years, the team will gradually sell tokens as needed in small quantities, so it doesn’t provoke a fall in prices.
This ICO model and the financial development of the project will allow the company to quickly start the creation and development / financing of the project from the number of tokens remaining for operational activities (operational tokens).
This is what the founder Igor Chugunov says: “I, as the founder of the CREDITS platform, am proud that we were able to enlist the support of experts and investors in the industry’s blockchain. This shows that our project has every chance to become a new stage of development and the next stage of the widespread introduction of blockchain technologies into the daily lives of millions of people. Our project has ambitious plans, we have assembled an excellent team of professionals who live in the idea of creating and developing a CREDITS blockchain-platform. “