Credits is a universal term for monetary value that knows no bounds. The world is constantly evolving with advancements made on several fronts daily. It’s time for an evolution in the cryptocurrency market as well.
Credits is a universal cryptocurrency with its own App. Credits simplifies crypto. For most people, buying crypto is a complex process. With our intuitive Mobile App (Android and iOS) buying, sending and receiving Credits couldn’t be easier.
Buying and using Credits supports renewable energy and sustainable projects. We will be involved in Solar Energy and agricultural projects all earning residual income to stimulate the Credits ecosystem.
Although Bitcoin and others are the pioneers of cryptocurrency, it is time for a vast improvement in the overall technology. Several major coins don’t support anything tangible and are highly inefficient for people to convert into cash.
Credits will solve these issues by making our own user friendly intuitive platform for buying, selling and cashing out of credits. Credits is its own cryptocurrency capable of lightning-fast speeds. Transfer of Credits will be instantaneous throughout our platform which is now live on the Google Play Store and on the Apple Store.
Credits are unique because they will be backed by renewable energy and sustainable projects. This will provide residual income to further improve the Credits ecosystem. In order to achieve liquidity of credits, we will be negotiating with many major cryptocurrency exchanges.
Credits will have its own blockchain which is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order. Blockchain that displays transactions, not total balances.
Having our own blockchain allows market participants to keep track of Credits transactions without central record keeping. Each Node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically. The bitcoin blockchain displays the current balance of any wallet address. The Credits blockchain will not display your balance publicly, only the transactions.
Credits will use the CryptoNight algorithm which is extra anonymous outside of our platform yet fully recoverable within our platform. Cryptonight uses a CPU based algorithm for easy processing via our mobile miner integration which eliminates the need for expensive mining equipment.
Our Vision – Real Money Never Sleeps
The financial service industry makes the world go ’round. Although the current financial infrastructure goes to sleep every night and takes weekends and holidays off. Credits never sleeps. Credits can be transferred around the world instantaneously.
We will be negotiating with all many cryptocurrency exchanges as soon as funding for the first Crowd Sale Lot is successful. This will allow us time to develop the speed, functionality and security needed to enter the cryptocurrency arena. These exchanges will be given good incentives to list Credits therefore securing the liquidity of the Credits Digital Asset.
Our platform will implement access to Credits in the following order:
- 1. Google Play Store App (complete)
- 2. Apple Store App (complete)
- 3. Windows Wallet (complete)
- 4. Mac Wallet (tbd)
All of the aforementioned will be cross-platform compatible allowing ease of access to your Credits.
CRED provides a way for the average person to support renewable energy in fairly priced increments that change in value proportionally, whether you’ve purchased 100 or 1 million. Here’s how it works: participants can download the Android App, the iOS app or visit the website to purchase CRED using PayPal, Bitcoin, Ethereum, ZCash, LiteCoin, BitcoinCash or Ripple. Funds raised through the sale of CRED are then used to invest in projects that harness the earth’s renewable energy sources such as solar farms and renewable agricultural projects. Proceeds from those projects are then used to purchase CRED from exchanges to be “burned,” which removes those tokens from circulation forever. This should cause the Total Market Value of CRED to disperse among an ever-decreasing token supply, thereby raising the value of all remaining tokens by the percentage of the value of those that were burned.
We will be focused on renewable energy projects that progressively earn residual income. The first project is a Solar Farm Project expected to be generate 25 MWh of power that will be pumped back to the grid and resold to earn tangible U.S. Dollars. These funds will be used to maintain the Credits ecosystem while simultaneously increasing the value of your Credits holdings.
The second project is a large scale Organic Hydroponic Greenhouse Operation. Our goal is to match consumer prices by producing agricultural products surpassing store-bought quality and freshness. Long-term sustainability is our goal with all our agricultural projects. We will start by mass producing the most common vegetables and fruits such as tomatoes, lettuce, spinach, cucumbers, eggplant, carrots, potatoes, Etc. This will create a long-term revenue stream for other green projects.
Many of the other projects currently being developed in the cryptocurrency energy sector rely on users to create and manage the power creation, which their platform then tokenizes and markets. Similarly, the comparable micropayment token providers rely on mass adoption of their token to increase the sentimental value of the tokens, a portion of which the companies then liquidate to pay for ongoing business expenses. Both of these approaches place the “burden” of value creation on the token users. This approach not only drains liquidity from the market, but provides little incentive for team members to continue backing a project after it stabilizes. The value of CRED, however, will be supported directly through the investment, establishment, operation, and research of solar power generation and sustainable agricultural projects. Only 5% of our total token supply will be retained for use to develop infrastructure, research and development, and operations costs. We feel that this is more than adequate, as our goal is to be paying all ongoing corporate expenses and performing quarterly coin burns within 4 months after our first solar farm is completed. Also, 10% of the residual income from all projects will go to charities with humanitarian causes.
Credits.Energy has truly developed a way for people to support each other while protecting our precious planet; and this individuality and forethought clearly stands out as a winner in a sea of otherwise lackluster offerings.
Market – doubling in the next 5 years
As of 2017 there are 2.4 billion smartphone users; 99.6% of which operate on Android or iOS. By having the Credits App on both Android and iOS we will be able to reach 2.4 billion smart phone users as of 2018. There will be an estimated 6 billion smartphone users in the year 2020.
Cryptocurrency is currently a 450 billion dollar market and has grown more than 1000% in the past year alone.
In the U.S. over $150 billion has been invested in Solar in the past 5 years due to the cost of materials being cut in half. The amount of solar jobs have also doubled in the past 5 years.
The global precision agriculture market is expected to generate annual revenue of $7.8 billion by 2022, growing at a rate of 14.9% from 2016 to 2022.
When you take into account that all of these industries are expected to at least double in the next 5 years, you are looking at a trillion dollar market.
Renewable energy is really just one facet of the Credits.Energy project though. The team believes that the peer-to-peer micro-payment capabilities of their web and app-based wallets will help the “unbanked” in less developed nations enter the newly-formed “even playing field” cryptocurrency has introduced to the financial world. By utilizing the mobile miner, people will be able to mine CRED from their phone and exchange those tokens for other cryptocurrencies or fiat when needed. This ease of use, combined with the anonymity of the CryptoNight algorithm that keeps hackers from tracking your purchases and expenditures on the blockchain, gives users unprecedented value, control, and peace of mind. Credits.Energy has truly developed a way for people to support each other while protecting our precious planet—and this individuality and forethought clearly stands out as a winner in a sea of other-wise lackluster offerings.
We are truly a Crypto with a Purpose!!
Links of Interest:
- Team: https://credits.energy/team/
- Bitcointalk thread: https://bitcointalk.org/index.php?topic=3086671
- Social media (twitter, telegram etc)