Crypto Pacitan : Review of Crypcore Exchange

Review of Crypcore Exchange

About Crypcore

Crypcore is a blockchain-enabled platform that wants to introduce a coin that will be more stable and less volatile, with more benefits than the stable coin. The technology has a team of experts looking to make history with a unique product that has not been seen before.

Although stable coins have done well since it was introduced into the crypto market, there are still improvements to be made. Crypcore wants to develop crypto assets that will introduce Crypcore protocols and a solvency system. It wants to ensure price stability in the crypto space by combining crypto digital assets. These crypto assets will be backed by a solvency protocol to ensure price stability.

Crypcore will have a big role to play to manage the prices of Crypcore. The exchange is going to use a solvency equation to set the price of Crypcore. It will be an unconventional method, but it will be very effective as the price will be relatively stable.

Crypcore is also going to be accessible to users who don’t have the technical experience. The Crypcore company will provide wallets for various platforms, including web wallets, hardware wallets, command line wallets, as well as desktop wallets. The company plans to develop iPhone and android wallets after it has completed the development of web wallet. Presently, the web wallet is still undergoing development.

And unlike the stable coin, the Crypcore will not have a big price swing as the market will remain quite stable. There will be less volatility in the Crypcore market because the price will be determined on market conditions.

The principle of the Crypcore project

The ultimate goal of blockchain and cryptocurrency technology is to achieve mass adoption and distract the world from using fiat currency. Crypcore is committed to ensuring that the crypto space achieves both of these goals by offering a stable coin that is independent of paper currency for stable valuations without volatility. The problem of price volatility will not exist in the world of cryptography thanks to Crypcore.

Crypcore Trading will take on significant work in fighting the cost of Crypcore. To do this, everything in Crypcore Exchange has to be done fancyly. An extremely simple solubility condition will determine the Cryps score. In typical stable coins, tokens are given by a substantial association, however, Crypcore trading will not be able to make tokens, rather, each coin is mined.

This is due to the fact that the protection and safety of our customers are of great importance. With the ultimate goal for Cryps to maintain its value, the underlying money supply is mined and held by the Crypcore trade. Crypts held by trade will not be considered as available for use.

Crypcore Exchange

Crypcore exchange will play a very important role in managing the price of Crypcore. To do this Crypcore Exchange will have to do things in an unconventional manner. A very simple solvency equation will determine the pricing of Cryps. In normal stable coins the tokens are issued by the primary organization but Crypcore exchange will not be able to create tokens, rather each coin is mined. This is because the privacy and security of our users are of utmost importance. In order for Cryps to hold their value the initial money supply is mined and held by the Crypcore exchange. The Cryps held by the exchange will not be regarded as being in circulation.

Problems and Solutions

Too much power on the part of the issuer:

Stable coins can effectively be taken out of circulation at any time by the issuing organization. As an example the Omni Protocol of tether can grant and revoke tokens represented on the blockchain . With Crypcore this is not possible because of the technology that Crypcore is based on.

Over issuance:

A big problem with most stable coins is that they are issued the same way central banks issue money, this makes them vulnerable to over issuance and susceptible to inflation Crypcore will not have this problem because the quantity in circulation is determined by the emission logic of the Cryptonote protocol, and is visible to all.

Unstable Virtual Collateral:

Virtual Collateral is itself unstable so using it to back a stable coin is difficult and confusing . By the end of this paper you will see how Crypcore hopes to solve this problem.

Highly Regulated:

Fiat pegged stable coins are highly regulated and constrained by legacy banking systems .

Expensive, slow liquidation & purchasing:

Liquidating stable coins can be slow because with most stable coin providers you need to wire money to your account which will incur bank fees. Purchasing can also be slow as you sometimes need to undergo KYC procedures and transfer money which can sometimes take days .

Complex Smart Contracts:

For crypto collateralized digital assets like Maker Dai there is a problem of understanding. For regular everyday users the terms can seem unnecessarily complex. Crypcore will implement a very simple solvency equation system with easy to understand equation and parameters.

Poor Anonymity with stable coins: Stable coins do not offer any level of anonymity.

How does Crypcore work?

Crypcore is forked from Monero which is built on the cryptographically secure and truly anonymous Cryptonote protocol, the Crypcore ecosystem brings together a solvency equation, a pure crypto exchange and the Cryptonote protocol to create a coin which has a stable price with price stability achieved by averaging the collateral increase with price fluctuations.

To this effect Crypcore is a stable coin which operates in a fundamentally different way to traditional stable coins, we will call it a Dynamic Stable Coin. Crypcore will earn collateral from the fees charged on the Crypcore exchange, these fees will be added to the collateral of the Crypcore coin thus always increasing the collateral and maintaining the stability of the Crypcore Price.

Features

Stable Price

Crypcore leverages the Crypcore exchange to maintain a stable price, this price will change occasionally based on a transparent price determining mechanism as found in the Crypcore whitepaper and the section below.

Exchange for other crypto currency

You can buy any currency which is stable and top rated on the market having worth than 100M USD on Investing.com Market.

Transfer to Debit card

Crypcore do accept Debt card to buy CryptoCurrency from our Exchange with complete verification which will be confidential.

Accessible

Crypcore has a variety of wallets that make it easy to use and make it readily available to a wide range of people. Developers who have worked with Monero will find it easy to integrate Crypcore into their projects.

Protection against fraud

Crypcore are using 3 layers for security and strick checking policy for every transactions. Crypcore do provide guranteed protection from different top companies around the world.

Anonymity

Crypcore is forked from Monero which is regarded as the best asset in the crypto currency market when it comes to privacy, Crypcore utilizes ring signatures, confidential transactions and stealth addresses.

Token Details

Name: Crypcore (CRYP)

Purchase methods accepted: BTC, ETH, LTC

Hard cap: 7 MILLION

Soft cap: 3 MILLION

Cost of 1 CRYP: 0.00001 ETH

New Token emissions: Unavailable

Bonus system: Yes

Presale of Private Sale: Not held

Know Your Customer (KYC): Yes

Min/Max Personal Cap: 0.01 ETH / No limit

Whitelist: No