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Cryptocurrencies are here to stay, that’s for sure! The technology behind it is too useful to be looked over, so what is keeping it from mass adoption? There is no single and simple answer, the main reason might be the inherent volatility of cryptocurrencies, caused by constant speculation. However, factors such as, lack of BTMs and difficulties in converting cryptocurrencies into fiat currencies are not to be discarded. That’s where Cointed comes in.
What is Cointed Cointed aims to address these issues by building a bridge between the cryptocurrency world and the real world. The main goal is to fulfill the demand for convenient and secure ways to convert fiat currency into cryptocurrencies. Cointed is a multi-service provider offering a full service exchange, cloud mining operations, a multi currency debit card and an online store. All in one single point of access.
Cointed ServicesCointed deals with four main sectors: exchange, crypto mining, BTMs and payment solutions (PayCo).
The exchange allows the digital enthusiast to trade between crypto currencies or fiat to crypto currency. The users can access various market analysis tools to explore a currency and its real-time value. A few examples of cryptocurrencies traded on this platform are Bitcoin, ETC, XMR, LTC, ZEC, DASH. The fiat currency applicable is EUR.
Mining cryptocurrencies means spending sizable amounts of electricity, which forced crypto mining entities to look for alternative solutions such as green mining which means using exclusively renewable sources of energy to mine cryptocurrencies. It is not only good for the environment but also cost-effective. Cointed currently holds multiple wind and hydro-powered mining farms throughout Austria and Sweden. Cointed mining operation goes as follow - Customers acquire high end mining hardware, the equipment can then be shipped to wherever the customer wants it, or Cointed can keep it at one of their power stations for a hostage fee. Specialized containers were developed to facilitate maneuverability when the equipment is being shipped. By providing optimal cooling solutions, Cointed’s operation requires low maintenance, without sacrificing efficiency.
PayCo is a payment interface that can be integrated, via an API interface, into the existing cash register systems and online shops, allowing merchants anywhere to accept a variety of cryptocurrencies as a method of payment. Mobile hardware solutions have been developed for fast and smooth payment processing and can be shipped out with the PayCo software.
At the moment, Cointed has installed MultiCryptocurrency BTMs in 70 locations spanning 4 European countries. There are two types of BTMs - one allows customers to purchase a wide range of cryptocurrencies, while the second also offers the option to exchange cryptocurrencies for cash.
Cointed also features their own "multi-currency debit card" creating a fast and convenient way to exchange cryptocurrencies in to fiat currencies with cryptocurrencies, and an online shopping store.
The Cointed token (CTD) is an Ethereum-based ERC 20 that powers Cointed’s ecosystem. CTD token holders benefit from lower fees on all of Cointed’s products and services, and have access to exclusive software and hardware. The products and services include:
- ATM - lower fees for customers, 15% dicount on ATMs for partners, software licensing for partners;
- Online Shop - 10% discount on all products and merchandise; Exchange - lower fees for customers;
- Mining - 5% lower hosting fees, 15% discount for regular mining rigs, rigs with up to 25% additional MH/s excl. with CTD tokens, BIOS licensing;
- Crypto Card - free limited Black Edition for early investors, lower fees;
- PayCo - 20% lower fees for partners, 15% discount on point of sale hardware, 5% profit sharing when accepting CTD tokens as payment, white label integration.
In order to present their project to the main public and to escalate it, Cointed will be hosting an Initial Coin Offer (ICO). The ICO will run from November 20th, 2017 until February 28th, 2018, or when the funding cap is reached. The ICO token supply available is 650,000,000 CTD. Residents from Hong Kong, China and the US are excluded from the ICO. Contributions are accepted in ETH.
ICO Website: https://cointedtoken.com/