INTRODUCTION
Cryptocurrency industry has faced various challenges ever since its inception. Several measures to solve all these problems has been taken by the industry experts. Amongst the problem are the strict and unfavorable government regulation and market instability.In a bid to counter the challenges of market volatility, several stable coins has been created and introduced to the market to hedge traders and investors against the wild price swings that are common in cryptocurrency market. Stable coin such as USDT, USDC,DAI, and many more has been introduced to the market all in ratio 1:1 to USD .This development has really helped the general Cryptocurrency World but the reality is that all these stable coins are Fiat Pegged,they are neither backed by any tangible assets but the economy.
Some experts have discovered it is not good enough to rely completely on this kind of stable currency and they are working on alternative cryptographic assets that will be backed by tangible assets and services which will meet up the needs and satisfaction of the global users. Today, am going to be discussing on a blockchain project named Crycore.It is a stable assets project designed to offer a stable cryptographic assets with high solvency and exchange capability. In other to achieve this, they have implemented an anonymous cryptonote Protocol which is one of the working mechanism of Monero technology. Crypcore will create high liquidity cryptocurrency exchange with a stable coin. It is important to state the nature of Crypcore Stable coin and how they intend to collateralized and maintain the stability of their Stable coin. Crypcore Stable coin will be dynamic in nature, it will respond with the earned collateral generated from the service fees from Crypcore Exchange.The services includes: Crypcore Exchange service fee, Cryptocore Blockchain, Crypcore mining, and the Wallet. The stability of the coin is pegged around the income generated from the
platform.
FEATURES OF CRYPCORE ECOSYSTEM
(i) PRICE STABILITY: I have explained this in the introductory paragraph though i will explain. Unlike some Stable coins whose value is pegged to the USD fiat currency, Crypcore stable coin will be dynamic in nature because it's a coin that is dependent on income generated from its ecosystem ranging from their Exchange service, mining service, Wallet service, and many more. Crypcore stable coin is not fiat pegged.
(ii) CRYPTOCURRENCY EXCHANGE SERVICE: Apart from being a stable coin provider, Crypcore also offer efficient, secured, and high Liquidity cryptocurrency exchange service for global traders and investors. Anyone will be able to trade different types of crypto assets in Crypcore Exchange.
(iii) DEBIT CARD INTERGRATION: This is indeed a revolution and most traders prefer to conduct their crypto-trading service under a roof. Unlike some exchanges who only offer crypto to crypto exchange service. Crypcore will be integrating Debit card in their exchange where users will be able to purchase cryptocurrency via Debt card after undergoing the required verification.Users are guaranteed high privacy and security in using crypcore platform for their various cryptocurrency-fiat exchange operation
(iv) MULTI-CURRENCY WALLET: Among the service provided by Crypcore platform is a highly secured Multi-currency wallet powered by Monero anonymous technology. The security wallet of Monero technology is unbeatable and this will be integrated into CrypCore Multi currency wallet.
(v) ADVANCED SECURITY SYSTEM: Crypcore will integrate an advance security system in their Exchange, 3 advance security layers will be integrated on the platform which will also include transaction-checking policy where each transaction is automatically checked to prevent fraudulent transactions in the platform. Knowing security as the major barrier in Crypto space, Crypcore team will offer a very efficient security service in their platform and ensuring maximum protection of customer funds and assets at any time.
(VI) ANONYMITY: Crypcore intends to offer any highly secured and anonymity blockchain service by choosing to employ Monero, one of the global highest-rated private and secured Blockchain network. All these efforts are made to ensure security and privacy of customers on their ecosystem.
FINAL THOUGHT,
Crypcore is a stable crypto coin project designed to offer a stable cryptographic assets with high solvency and exchange
services. Apart from being a stable coin provider, Crypcore also offer efficient, secured, and high liquidity cryptocurrency exchange service for global traders and investors. Anyone will be able to trade different types of crypto assets in Crypcore Exchange.There is no doubt this is a project with a very brilliant and unique concept and in the soonest time after their launch they will attract huge numbers of users.Be part of something HUGE!.
Official Resources
Website: https://crypcore.com/
Whitepaper: https://crypcore.com/crypcore_whitepaper_version_1.pdf
Telegram: https://t.me/crypcore_group
Facebook: https://www.facebook.com/Crypcore-106479097438958
Twitter: https://twitter.com/crypcore1
Reddit: https://www.reddit.com/user/crypcore
Authorship:
Bitcointalk username :bitcoinsodahf
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=2669618
Eth address: 0xd8bcd4b152bd2ac173deb15d14160ed1225f0e05