The Power of DeFi and CeFi combined
During this bull run we’ve seen many new projects starting up as well as blossoming into full-blown platforms that offer a multitude of advantages for crypto veterans and crypto newbies alike.
The Crypterium team intends to one-up all these solutions by delivering something that has been only discussed previously, or used as a buzzword, but never delivered by a team. We will deploy a truly one-stop-shop for all your crypto needs — within a record product delivery timeframe.
This is made possible by the fact that we already developed a good portion of mechanisms that crypto users require to efficiently navigate the crypto space. The aforementioned mechanisms are embodied in our platform called Crypterium — which is already operating and has over 650 thousand users!
This will certainly provide confidence to many readers — that our project which is essentially an upgrade of our existing platform — will deliver on all its promises.
Let’s take a deep dive into this new incredible concept that has yet to hit the crypto market, and we are counting on being the first to do so!
The Choise.com Platform
The Choise.com platform is our solution for all the crypto space issues as well as possibilities within the ecosystem. It will embody both the CeFi mechanisms already utilized by our existing Crypterium platform and the DeFi mechanisms which are already being developed!
The platform is envisioned to enable crypto newbies ease-of-use, and at the same time offer crypto veterans the ability to utilize every crypto mechanism they wish to use — whilst never being forced to use anything else other than Choise.com.
Upon landing on the platform, users will be able to create a non-custodial wallet in less than 30 seconds. This wallet will provide users with access to an immense amount of possibilities, such as accessing a DEX aggregator which offers the best market price for every asset, fiat on & off ramps, NFT marketplace, the Transaction Builder, DeFi launchpad, Cross-chain bridges, yield farming, ease of staking different cryptocurrencies through the same medium and so much more!
By using the Choise.com platform users can expect hassle-free access to DeFi assets, saving up to 50x on transaction costs, High Yield DeFi instruments at a click of a button, seamless transition between CeFi and DeFi wallets as well as exposure to DeFi exclusive class of assets!
Additionally, even though users will be utilizing DeFi mechanisms without the necessary know-how of DeFi, it is possible to easily restore access to your wallet and funds — if you should lose access. This is the power of MetaFi, or Meta Finance — which embodies the best of both CeFi and DeFi.
Users will be able to trade a wide variety of cryptocurrencies at the launch of the platform as the current CeFi solution, which will be integrated into the new MetaFi platform — already has over 20 listed assets. These assets will be immediately available for trading, whilst new assets will be added via the DeFi solution, as new blockchain integrations occur. We will start the blockchain integrations with the most popular ones — Ethereum and EVM-compatible blockchains, as well as with Solana and Polkadot.
The list of assets available for trading will be continually expanded throughout the Choise.com platform’s lifetime!
There is another unique aspect to the Choise.com platform which is our proprietary Artificial Intelligence Price Prediction Algorithm. This algorithm will provide traders with insight on how the market price of an asset might behave in the future, as well as a price prediction accuracy signal which shows how many times the algorithm was correct in the last 30 days.
This will allow traders to make more informed decisions on their trading actions! The algorithm works by going through three unique data collection or processing actions — before providing users with the final prediction.
Firstly, our system gathers data from 8 exchanges — for the purpose of performing an analysis and generating predictions. Currently, there is more than 200 TeraBytes of information in our database.
Secondly, our system processes the data, taking into consideration more than 200+ factors, including 101 quantitative trading alphas. Apart from this, more than 100 indicators of technical analysis are considered as well.
After completing the aforementioned analysis, our special AI module calculates daily predictions for every cryptocurrency on the platform and shows the predictions via easy-to-understand metrics which are shown within our platform’s User Interface. It is important to note that this cutting-edge mechanism is already fully implemented into the existing Crypterium CeFi platform.
All these utilizations will be secured and supercharged by a DAO as well as an Ecosystem Treasury Fund that will be accessible via the DAO. This will ensure that the Choise.com ecosystem is managed by the community itself, and it will also ensure all great ideas that aim to improve the ecosystems’ functionalities — easily get the funds required to turn them into a reality.
Dual token system
To ensure maximal efficiency of our ecosystem — we have designed a dual token system that consists of the CRPT token and the CHO token.
The CRPT tokens have already been launched via an Initial sale which started on October 21st in 2017.
CRPT token’s primary function is to act as the fuel for the crypto to fiat transactions. In other words, transaction costs are paid in CRPT tokens and the transaction cost always equals to 0,5 % of the total value of a transaction. The CRPT tokens that are expended for the transaction cost are burned! Additionally to this deflationary mechanism, the Crypterium team decided to increase the burning rate, and speeded up the process by dedicating ourselves to burn up to 30% of the total CRPT supply in the next 2 years.
So far 2,89 million CRPT tokens have been burned which equates to 2,89 % of the total supply!
CRPT tokens also provide advantages to its holders! One example of such a mechanism is the cashback mechanism called the Monthly Loyalty Program. The Monthly Loyalty Program provides higher cashbacks for higher amounts of CRPT a user owns — providing an additional advantageous layer to this mechanism.
CHO tokens on the other hand have not yet been launched, and they are planned to be released in the near future through an IDO. To ensure the fair provision of the CHO tokens to a wide audience, the Choise.com team decided to utilize multiple launchpads that will be announced at a later date.
The CHO tokens will provide utility, advantages and promotions to the holders as well as governance functionality for the entire Choise.com ecosystem.
In other words, holding CHO tokens will allow you to cast a vote via the Charism DAO, wherein the quantity of the CHO tokens users hold — will affect the weight of their vote.
This means that the greater the amount of CHO tokens users hold, the greater the chance will be they will be able to nominate themselves for specific roles in the Choise.com ecosystem — which will provide advantages.
Holding a large amount of tokens will provide the holder with a significant voting weight which can ultimately determine how the Choise.com treasury funds are allocated, as well as determine which tech developments and promotion programs are accepted by the DAO community.
CHO holders will likewise enjoy early access to our newest features, as well as access to a ‘cashback’ mechanism for using DeFi services!
The Crypterium team has come far since the 2017. Initial sale of the CRPT tokens, and we have delivered on every promise we gave to our community. Now we are striving for more, we are striving to upgrade our existing platform with virtually every crypto mechanism there is — for the purpose of providing the ultimate product for our users.
For those less acquainted — we already have free-to-use Android and iOS Crypterium apps that can be used for a multitude of crypto uses, and we likewise already offer the service of providing a Card that can be used in both online shopping as well as shopping in physical stores.
There is, however, so much more to come! The beginning of our new adventure will start with the release of our new CHO token.
Our to-be-released platform will be the ultimate solution for the modern individual, bringing all the possibilities of centralized and decentralized finance — at your fingertips.
Twitter — https://twitter.com/ChoiseCom
Discord — https://discord.gg/gkcrQjcEFY
Telegram Community — https://t.me/Choise_com_Chat
Telegram Announcements — https://t.me/choise_com