- Crypterium is an all in one solution that is designed to simplify management of digital assets.
- Their product suite consists of a Wallet, Visa card, AI based predictions, loans and B2B solutions.
- CRPT is the Crypterium ecosystem’s native utility token, which is powered by the Ethereum blockchain.
- Whenever a crypto-to-fiat transaction takes place on Crypterium, a 0.5% gas fee in CRPT tokens is charged and burned at the end of the month.
- The total supply of CRPT tokens is 96,857,280 tokens and at the time of writing this article, 81,859,728.86 CRPT were in circulation.
Crypterium is a global fintech startup which aims to offer transparency and efficiency with daily digital asset finances. Crypterium came into existence in 2018 and has set out on a mission to make digital currencies as easy to use, in simple terms, it is a bank for crypto.The idea behind Crypterium is based on a decentralized banking platform, to be the first ever cryptocurrency bank.
Crypterium’s products and services serve as a bridge that connects digital assets with traditional finance. The platform goes through 2.5 million transactions monthly, issuance of 30k cards, available in over 170 countries with more than 30 in-app currencies.
Besides, Crypterium aids businesses to monetize their audience by providing world-class crypto, banking, as well as VISA card issuance services with its proven SDK program.
Currently, more than 500,000 people worldwide rely on the Crypterium Wallet and Crypterium Card to connect their digital assets with traditional finance. The team behind Crypterium is led by former General Manager of Visa Central & Eastern Europe Steven Parker and C-level executives from recognized, global financial institutions.
The Team of more than 140 individuals behind Crypterium consists of experienced financial professionals and experienced C-level executives who have developed digital banking and payment solutions, worldwide. The core team consists of Steven Parker (CEO, Co-founder), Austin Kimm (COO, Co-founder) and Vladimir Gorbunov (Co-founder).
The advisors of Crypterium are Keith Teare (Executive Chair at Accelerated Digital Ventures), Roger Crook (CEO of Capital Springboard), Elie Galem (CIO at Eastmore Group), Katrina Arden (Founder of Blockchain Law Group), Fabio Tamburrano (Board Member of Coeclerici Spa), Andras Kristof (CTO at Yojee, CEO Fembusa) and Mike Raitsyn (Founder of ICObox).
Crypterium’s offices are located in London, Moscow and Tallinn.
Products of Crypterium:
- The Crypterium Wallet: It is designed to make the management of digital assets simple and easy. The key features include Buy, Cash Out , Send, Exchange and Spend. The Crypterium wallet combines traditional finances and digital assets with an unlimited number of wallets to buy, cash out as well as earn crypto. It supports BTC, ETH, LTC, CRPT and many more crypto tokens. The wallet allows users to transfer their crypto with only a mere phone number or wallet address, across the globe , free of any costs.
- The Crypterium Card: It is available in physical plastic form or virtually through their smartphone, and is powered by VISA. Users can connect their virtual cards to their Apple Pay account, and pay for all their transactions. The card can be topped up whenever the user reaches the limit.
- Predictions: Crypterium also offers predictions that are AI based and designed professionally with more than 200 factors, 101 trading alphas and a self-learning algorithm. The predictions provide up to a 93% accuracy rate for over 140 coins.
- Loans: Users can also avail loans (of upto $5000 USD) by collateralizing their crypto holdings for a period of 1-12 months with 1% interest.
In addition to this, Crypterium offers B2B solutions which comprises of payment cards for global digitalization of payments for the business entity, for entity to become their own crypto bank, provide real utility for a platform’s token by empowering the token with innovative, transparent, and efficient services including instant top-up and ability to use the token for Visa powered payments, mass payout solutions and many more innovative solutions.
Besides this, Crypterium also handles KYC & AML compliance procedures, Multi language 24/7 client support center and several supporting services as well.
These services can be spotted on apps such as The Crypto App, MineBest, Pons, CFX Quantum, Gleec, ANW and more.
CRPT is Crypterium’s native utility token and a key player within the Crypterium ecosystem. This digital asset is powered by the Ethereum blockchain, which ensures stability and scalability for all crypto-to-fiat services provided by Crypterium Wallet, Crypterium Card, as well as all B2B partners.
Whenever a crypto-to-fiat transaction is made onCrypterium, a 0.5% gas fee in CRPT tokens is charged and burned at the end of the month. Their burning rate, until now, was exclusively dependent on transactions, however, they have decided to speed up the process and burn up to 30% of the total supply within the next two years. They have successfully burned over a 1M CRYPT tokens, making it the biggest CRPT burn, in all time.
The total supply of the tokens are 97,414,471 CRYPT tokens, and at the time of writing this article, the circulating supply of CRYPT tokens was 81,859,728.86 CRPT tokens.
Expected CRYPT burning rate
CRPT is the core of all transactions made in the Crypterium banking platform. No payment can be made without CRPT, its main goal, regulated by smart-contracts, is to stimulate tokenholders to use Crypterium in their daily lives, and to attract new users to Crypterium.
Distribution of CRYPT tokens
Ownership of CRPT creates a reserve that can be used as the fuel for future transactions.
Where is Crypterium headed?
Crypterium’s next-generation online crypto banking platform is gaining attention, along with providing a fast, stable, and scalable technology with mass digital solutions for businesses, the Crypterium ecosystem is rapidly heading towards the global market, the number of crypto projects and apps that function within the ecosystem is consistently growing, bringing more CRPT tokens to burn.
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