Credits First Quarterly Report For 2020

Milestones and Achievements

Credits made a great start in the Q1 of the year 2020 and is now moving forward, thanks to the resolve of our development team and the essential support of our community worldwide. As many of you know, we have conducted the Token Swap, which in tandem with the technological development of our platform had a positive impact on the international activity of Credits in the business sector. As a result, we managed to hold several important negotiations and conclude significant agreements. For those who have missed the opportunity to track  our progress - we would like to remind you how it was:

Token Swap Summary

• The total number of exchanged coins: ~ 150,000,000 (60% Total Supply)

• The supporting exchanges: KuCoin, Gate.io

• The day of completing: 20 March 2020

More detailed information you can find in our full Token Swap Report.

Technology Development

• The development team made several improvements to increase the effectiveness of the platform’s performance concerning security, bandwidth, stability, and modernization of the network subsystem, etc. A complete list of updates can be found in the Developer’s Journal #25 (January edition) and in the Developer’s Journal #26 (February edition).

• We added the “Delegation” function allowing users to create pools and increase the revenue of their nodes by transferring CS coins. 

• The introduction of the "Buy CS" service marked a new stage in the development of the Credits in the crypto industry market as it is an entry-point for non-crypto audience allowing to purchase CS via Visa & MasterCard.

• We introduced our blockchain-based product line for the fintech sector in a completely ready-to-use and out-of-the-box form.

Business

• The previously concluded agreement on cooperation between Credits and CIS project led to the building of the MVP based on the Credits platform. The system is designed for the E-commerce sector and the blockchain technology will allow CIS’s audience to benefit from the secure and transparent environment. 

• The adopted partnership agreement and business solution between Credits and Latium platform allowed CS coin to become a valid means of payment on the Latium internal exchange.

• Credits coin was integrated by BC Bitcoin meaning that all interested parties can buy/sell it through the service in a convenient way using credit or debit cards.

• We expanded the opportunities of our holders by integrating CS into the P2P lending platform, FinWhaleX. For more information, please, follow the link.

• Credits together with JSC IVHIMPROM successfully launched the pilot project for tracking supply shipments and product deliveries that will avoid the possibilities of fraud or data falsification.

• We entered the Oracle for Startups Program, intending to strengthen our decentralized and technologically advanced solutions for all types of businesses.

• Our platform became the host for the first ICO of the FDCE platform marking a new important milestone for Credits company.

Community

• Credits shared its perspectives in the remarkable AMA session with Igor Chugunov, company’s Founder & CEO. In Q&A format we communicate with our community and respond to matters of particularly pressing concern related to the technology and priorities of our development.

• As promised, the Credits team updated its website and created a new interface to respond to the platform’s emerging build-in capabilities.

Marketing

• This year Credits changed its international travel activity taking into account the security requirements and the measures taken by the governments around the globe. Despite the recent events, the Credits team represented by Arjan Eikelenboom, Partnership & Investment relations Director, still managed to take part in the Conference.Exchanges in Amsterdam and work out specific solutions.

Conclusion

The digital environment remains a universal tool in any given circumstance. As part of this process, we are working on an ongoing basis. The first quarter of 2020 has shown the fruitful results of the activities carried out by the entire Credits team. However, we do not intend to rest on our laurels. At the current stage the company's successful developments and mutually beneficial corporations already allow us to enter newer markets and find the application of our technology in each specific industry. In the future, the ongoing policy will allow us to find joint solutions with our major partners giving a new stage in the development of the crypto market. Stay tuned!