[ANN][ICO] CREDITS - New blockchain for financial industry! [Sale Nov-Dec 20

[Delicieuxz]

Official CREDITS ANN thread

--------PreICO will start on October 25--------

WEBSITE / WHITE PAPER / TWITTER / FACEBOOK / TELEGRAM / LINKED IN / MEDIUM

Official CREDITS bounty thread

Other Languages:
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• Chinese Simplified : (ANN, Whitepaper) • Korean : (ANN, Whitepaper) • Japanese : (ANN, Whitepaper) • Spanish : (ANN, Whitepaper) • German : (ANN, Whitepaper) • Indonesian : (ANN, Whitepaper) • Vietnamese : (ANN, Whitepaper) • Romanian : (ANN, Whitepaper)

• Portuguese : (ANN, Whitepaper) • Dutch : (ANN, Whitepaper) • Italian : (ANN, Whitepaper) • Bulgarian : (ANN, Whitepaper) • Slovenian : (ANN, Whitepaper) • Thai : (ANN, Whitepaper) • Danish : (ANN, Whitepaper) • Greek : (ANN, Whitepaper)

• Hindi : (ANN, Whitepaper) • Polish : (ANN, Whitepaper) • Russian: (ANN,Whitepaper) • Swedish: (ANN, Whitepaper) • Turkish: (ANN, Whitepaper) • French: (ANN, Whitepaper) • Filipino: (ANN, Whitepaper) • Arabic: (ANN, Whitepaper)

Soft cap for the 1st round of ICO is 80 000 ETH,
Hard cap for the 1st round of ICO is 120 000 ETH,
1 ETH = 2 000 CREDITS (CS)

PROBLEM

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Creation and performance of financial products on the basis of blockchains and smart contracts with quick transactions

GOAL

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The creation of a decentralized sector of financial services on the basis of the participant(s), bypassing specialized financial institutions such as banks and intermediaries

WHY CAN'T THIS BE DONE NOW?

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Popular platforms like Ethereum are not ready for financial transactions due to a slow rate of 0.5-15 minutes and a price of about 0.02-0.5 dollars per transaction. This is unacceptable for the financial industry.

CREDITS - creates a new platform for the operation of financial products on a unique scheme of building a blockchain/ledger with smart contracts, which achieves:

• A speed of processing transactions up to 1 million transactions per second
• An average processing time of 3 seconds per transaction
• Very inexpensive processing cost

BITCOIN / ETHEREUM
• Approximately 100 operations per second
• Average processing time of 0.5-15 min
• Cost up to 0.02-0.5 dollars per transaction

CREDITS aims to achieve a performance of 1 million transactions per second, an average processing time of 3 seconds and a mean peak value of 10 seconds.

The system is a distributed database with the principles of a blockchain/ledger - decentralized management and transfer of digital assets, invariability of records.

1. Distributed, decentralized storage and open source.
2. Support for public and private networks
3. Each entry is entered into the database of the blockchain/ledger without Merkle trees and sidechains by the processing of consensual transactions.
4. Coded in C/C++ with OOP principals - has the ability to build other compilers
5. Permissions set at the transaction level
6. The system is scalable (as the number of nodes increases, the number of transactions
processed per unit of time increases)
7. Transactions are added to the block for later consensus
8. Consensus model: federal with a mechanism for resolving most nodes with the permission to make a decision.
9. Virtual machine (VM) is used for executing smart contracts. Each contract executes in a separate isolated environment for increased security in VM, development is allowed in script languages (for example, JavaScript), extended work with the calendar and scheduler
10. PoW (Proof-of-work) + PoC (Proof-of-Capacity). Coins are issued in advance for a certain amount.

Bitcoin - payment system and money unit. The task is only to pass from one user to another. Slow blockchain
Similar: public blockchain/ledger, the internal cryptocurrency
Differences CREDITS: fast blockchain/ledger, the availability of smart contracts, orientation on the financial sector, supports different currencies

Ethereum - emphasis on the creation of smart contracts and recording them in the blockchain. All else is solved through the use of third-party services. Oriented for all industries. Slow blockchain
Similar: smart contracts, internal cryptocurrency
Differences CREDITS: another quick blockchain/ledger, supports different currencies, uses an internal system of calculations, focused on the financial sector

Ripple - only used as a settlement system and currency exchange. Closed for developers and companies
Similar: fast blockchain/ledger, a system settlement for different currencies, focused on the financial sector
Differences CREDITS: the availability of smart contracts, an open developers platform, any company can connect to the platform

What is CREDITS?

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New open platform CREDITS for creation and management of financial services on the basis of the blockchain/ledger

The unique system of building a blockchain allows you to build financial services with high speed transaction processing up to 1 million per second and average speed transaction processing in 3 seconds. CREDITS truly opens up new opportunities to use the blockchain technology in the financial sector.

NEW GENERATION OF BLOCKCHAIN

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SUPER HIGH SPEED Blockchain with up to 1 000 000 transaction per second

PROCESSING TIME Average processing time is 3 second per transaction.

VERY LOW PRICE Very low cost of translation.

CREDITS platform offers new and unique technical implementation of blockchain technology, smart contracts, data protocol and has its own internal cryptocurrency.

It is a platform with completely new technical network capabilities, speed, cost of transactions and total number of operations per second. It is an open platform which means that users and companies can create online services that implement the blockchain protocol.

We offer a new product for users. We designed new features by creating new algorithm to search for a consensus; a new scheme registry; an algorithm for processing and maintaining transaction - based solutions for finite state machines based on the model of Federal voting nodes.

The CREDITS platform offers a solution to low speeds and high transaction costs. It expands the potential which blockchain technology has for the financial industry and the Internet of Things.

.	Blockchain Distributed, decentralized storage and open source code. Support for public and private networks.	Transactions Each record is entered into the blockchain of the block-less database without Merkle trees and sidechaines by processing consensual transactions.	Forming of blocks Set permissions at the transaction level. Transactions are added to the block for the subsequent finding of a consensus on the algorithm for finding the solution of the finite state machine
.	Consensus model Consensus model: federal with a mechanism for resolving most nodes with permission to make a decision.	Smart contracts Each smart contract is performed in a separate isolated virtual machine environment, allowing development in script languages ??(JavaScript), extended work with the calendar, scheduled	System The system is scalable (as the number of nodes increases, the number of transactions processed per unit of time increases). The lack of PoW protocol (Proof-of-work). Coins are issued in advance in a certain amount

Technical features

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.	Features	CREDITS	Bitcoin	Ethereum
.	Blockchain and Smart Contracts
.	• Transaction Speed	• 1 000 000 transaction per second (up to)	• 10 transaction per second	• 500 transaction per second (up to)
.	• Block Interval	• 3 seconds (average)	• 10 minutes	• 15 secondss
.	• Block Size	• Dynamic	• 1 Mb	• Dynamic
.	• Consensus Algorithm	• modified FA(Federated Agreement + PoW + PoC)	• Proof of Work	• Proof of Work
.	• Flexible configured blockchain	• Yes	• No	• No
.	• Coins	• CREDITS	• Bitcoin	• Ether
.	• Smart contacts	• Yes	• No	• Yes
.	• Blockchain type	• public, private	• public	• public
.	• Turing-complete code for developing smart contracts	• JS equal language	• Non-systematic	• Solidity, Serpent,etc
.	• Decision Making Process	• Democratic Congress (One node=One vote)	• Non-systematic	• Non-systematic
.	• Speed executing contracts	• 100 000 transaction per second (up to)	• Non-systematic	• 100 transaction per second (up to)
.	• User technical features
.	• Crypto algorithm	• Symmetric-key algoritdm +	• Asymmetric-key algoritdm	• Asymmetric-key algoritdm
.		• asymmetric-key algoritdm
.	• Using third-party systems	• Yes	• No	• No
.	• Allow create own application	• Yes	• No (very hard)	• Yes
.	• API	• Yes	• No	• Yes

Roadmap

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.		S1	S2	S3	S4	S5
.		Pre-Alpha	Alpha	Beta	Release candidate	Release
.	• Storage, Consensus   mFA Consensus	• FA : Key Design   Implementation	• mFA : Key Design   Implementation,PoW + PoC	• mFA Optimization	–	• optimisation
.	• Data Store	• Decentralization Ledger, NoSQL   Store implementation	• MessagePack History	• Blockchain backup	–	–
.	• CVM (Credits virtual   machine)	• Design and Implementation	• Integration witd ecosystem	• Optimization	• check errors	–
.	• tdird-party system	–	• Design and Implementation	• integrate to full system	–	• optimisation
.	• Inference Engine	• Formal Specification and   Key Design Elements	• Reasoner Integration with   Blockchain	• Reasoner Optimization	–	–
.	• User interface	• Implementation	• Web UX design	–	–	–
.	• Wallet	• Wallet Formal specification	–	• UX design Application   Test	• Android, iOS,   Desktop Wallets	–
.	• RPC and REST API	• Formal specification	• Blockchain Explorer	–	• third-party explorer	–

Project Team

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.	Chugunov Igor CEO & Founder [Linked In] Education: Banking. Experience: 12 years, including IT projects, bank and credit internet services, affiliate marketing company for banks and PDL companies. Experience withblockchain business: 2 years. From 2016 working at the CREDITS platform	Evgeniy Butyaev CTO [Linked In] Education: Engineer (software development). Software development experience: more than 10 years. Experience with blockchain more than 3 years, including European organizations – various solutions based on blockchain for different customers including StateStreet; solutions based on blockchain in Russia. From 2016 - working at the CREDITS platform	Valentin Antonov Team Lead [Linked In] Education: Programmer. Experience: more than 10 years as a programmer and architect building complex and high-loaded systems for the financial and banking sectors. In the blockchain industry for about 2 years. Qualified in platform Ethereum.
.	Merejkin Michael Web Developer Education: Programmer. Joined the team in 2016. Specialist in developing web applications. In this project he is responsible for custom web application. Experience with MS SQL, understands the functioning of a relational DBMS. Web-based applications on ASP.NET	Matushkina Elena PR manager Experience in PR for over 7 years. Promotes brands and products in media and over the Internet. Participated in development of a strategy of presence in social networks, and continues working to improve the concept. Content creation (text, photo, video), the reason for social networks.	Bruce Sadia Development manager [Linked In] Education: Master’s in Communications and International PR. Working experience over 3 years in IT sphere with foreign people. She is responsible for communicating with foreign partners and organizations.

Advisory board

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.	Kyle Wang Senior Consultant IBM Cleveland, USA [Linked In] «The team is exceptional! CREDITS is a novel approach and cryptoeconomic innovation within blockchain»	Michael Kapilkov Blockchain Advisement New York [Linked In] «I am proud to announce that I have joined 'CREDITS'​ as an ICO Advisor» Founder Healthi, CoFounder Altcoinz, CoFounder I-virtual.	Elie Galam Bancor Foundation Financial Advisor New York [Linked In] Chief Investment Officer at Eastmore Group, Advisor to Legolas Exchange and Gimli	Artjom Aminov Blockchain architect at F&L Galaxy, inc London, United Kingdom [Linked In] Developer and architecture of high-availability server-side applications based on blockchain technologies
.	Tyler Perry-Smith Investor, Enthusiast Savitr Capital San Francisco [Linked In] «CREDITS can be the catalyst that takes blockchain functionality to mainstream business operations!»	Jacob Salvador Investor & Trader Blockchain Specialist Oslo, Norway [Linked In] Experienced Investment professional in the venture capital and private equity industry. Skilled in Blockchain technologies	Christophe Ozcan Blockchain technical - Expert France [Linked In] CEO & Co-founder at Crypto4All, Blockchain Ecosystem Advisor at Rockchain, Blockchain commission member at AFNOR Group

Presentation / ICO

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The first stage is scheduled for Q4 2017.
Do not miss these opportunities, please stay connected in our social channels, and first let you know about the updates.

Bounty Campaign

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We are offering our participants a total allocation of 2% from our overall token supply.
The total number of tokens in circulation may vary, depending on the actual amount raised during Token Sale;

Official CREDITS bounty thread

But in any case 2% of tokens will still be designated to the bounty campaign
1 600 - 2400 ETH
1 ETH = 2 000 CREDITS (CS)

Bounty Campaign Token Allocation:

Overall Bounty:
4 800 000 - 7 200 000 CS (equals ~ 1 600 - 2 400 ETH)


Signature campaign 30%
1 440 000 - 2 160 000 CS (~ 480 - 720 ETH)

Facebook campaign 15%
720 000 - 1 080 000 CS (~ 240 - 360 ETH)

Twitter campaign 15%
720 000 - 10 80 000 CS (~ 240 - 360 ETH)

Blogs / News / Video Content campaign 10%
960 000 - 1 440 000 CS (~ 320 - 480 ETH)

Translation / Community Admin campaign 15%
720 000 - 1 080 000 CS (~ 240 - 360 ETH)

Telegram campaign 20%
240 000 - 360 000 CS (~ 80 - 120 ETH)

Join us on telegram

[Delicieuxz]

Hi everyone!
We’ve started PRE-ICO Whitelist with additional bonus and limited tokens before public PRE-ICO. We have already received $200k.
Buy for 50ETH and get 70% bonus! Limited
Are you going to take part?

[Delicieuxz]

CREDITS- perfect solution for business environment. You can learn more in our White Paper: https://goo.gl/4uNhaq

[Delicieuxz]

We published the ICO contract on GitHub  https://gist.github.com/Credits-com/68544c15c05fcd0a0fa5e18b7d8ddba6

[Delicieuxz]

Good news for our community: https://credits.com/ is now available in Spanish, Korean, Japanese and Chinese!

[Delicieuxz]

CEO Igor Chugunov will participate in a meetup covering blockchain for finance, funding and cryptocurrency trend, challenges and opportunities.

[secco]

Bitcoin Garden: CREDITS Pre-ICO Cap Raised Ahead of Schedule
https://bitcoingarden.org/credits-pre-ico-cap-raised-ahead-schedule/

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....

[secco]

Bitcoin Garden: Blockchain and the Theory of an Electronic Government
https://bitcoingarden.org/blockchain-theory-electronic-government/

An electronic government (e-Government) is one where public authorities use Internet solutions and a basic infrastructure to provide information resources and services to individuals and legal entities to ensure transparency of public sector work and allow interactive decision-making. The functions of an e-Government are to provide support to individuals through Internet portals.

[...]

There are however some issues. The blockchain is simply a means to accomplish specific tasks in a particular field, such as cryptocurrency circulation. The technology does not guarantee a complex solution for problems in other areas. We discussed these issues with Igor Chugunov, the founder of the CREDITS blockchain. The CREDITS project positions itself not only as a platform for financial transactions, but also as a basis for creating different applications and smart contract systems....

[secco]

IoT in medicine: https://bitcoingarden.org/iot-in-medicine/

A term that identifies one of the key areas of innovative technology – the Internet of Things IoT- helps the objects share information through the World Wide Web in an automated mode. The concept of the IoT is based on “communicating” electronic devices among themselves without human assistance. Using TCP | IP (a packet of data transfer protocols) makes communication across a global network more accessible and allows you to consolidate systems among themselves, creating a network of networks. As a result, it is possible to change not only the business model of individual industries, but also the economics of entire states. IoT is used in agriculture, industry, finance, health care, and so forth.

The ability to allocate loads for medical equipment through IoT can reduce the queues in the diagnostic centers. The permanent stream of data provides a complete picture of the patient’s illness, allowing doctors to respond to any changes in a timely manner. Special devices measure important biometric data from patients and pass them to the cloud for processing and storage. In this way, the nurses visit the wards of patients who are in need at this time....

[DaveJordan]

The scenario of the beginning of February is repeated, when the market of crypto-currency has appeared under the pressure of negative pressure that led to panic sales by speculators and a strong reduction in the price of all the cryptocurrencies traded on the market. The bad news came out one after another, which moved the market down once and at the end, the bitcoin price began to decline from USD 12,000.00 to USD 6,000.00. It is worth noting that the price reduction ended just the other day when the meeting in the US was supposed to take place at which it was planned to listen to the report on crypto-currencies, where, after positive statements, buyers came to the market and with their active actions raised the price to the same levels for the same short period. Now a similar situation and the community of crypto investors again fall in love with the negative news flow, which should be regarded as a signal for accumulating positions on crypto-currencies. March 20 is expected to meet the G20 countries where it is on March 20 will discuss the future of the cryptocurrency market for Europe. This date should be regarded as a temporary landmark, to which you need to have time to get a good price in a falling market for a long position. “CS” on the pressure of negative shocks and small speculators are trying to get rid of the coin, when, on the other hand, medium-term investors are gaining a position at a good price. It is worth noting that after each decline in the price of CS, there should be a sharp pullback and higher volumes are observed, which indicates the purchase of coins by investors with long-term strategies and is subject to an increase in the number of coin holders. In the coming months, CREDITS (CS) expects events that should be considered with the following benchmarks: March — Listing on exchanges, Update Alpha, User support 0,002 CS/ETH May — Launch Alpha, User support 0,004 CS/ETH June — Launch Release, Platform extension > 0,004 CS/ETH

[Bella45]

Recently Credits (CS) released a new video proof of Alpha speed

that showed over 400K transactions. Do you think this speed is real?