PRE-ICO HAS FINISHED

The Pre-ICO finished on Dec 26th 2017

3,002,165 USD (4,029.12 ETH) raised

1100 payments from 700 contributors

Soft cap 1.5 mln USD
Hard cap 3.0 mln USD
View smart contracts for ERC-20 CS tokens on Etherscan.

Register in CREDITS Whitelist and take part in ICO

To participate in the ICO starting Feb 1st 2018 please complete a small form and send a request for the Whitelist. We’ll reserve tokens for you.

Register in Whitelist
  • All contributors must register on the site in their personal account and apply for inclusion in the Whitelist
  • Applications by contributors for the purchase of small number of tokens will be actioned first.
  • We’ve received a legal opinion from Singapore and the USA, that CREDITS is a technical (utility) token.
  • CREDITS are Approved for sale to citizens of all countries; including the USA and Singapore.
  • If your contribution is more than 10 ETH, you must pass a KYC (Know Your Customer). KYC includes your name, address and an official government document.
  • It is not necessary to provide detailed verification if your contribution is less than 10 ETH.
  • For contributors it is necessary to provide the Ethereum account you are going to pay from. If your Ethereum address is not provided, it will be blocked by smart contract and you can’t participate in the ICO.

Very important!

  • ATTENTION! Do not send ETH directly from exchanges or exchangers - you will not be able to recover your CREDITS tokens.
  • Only send ETH from an address you have full control over (meaning you own the private key).

Conditions of buying tokens:

  1. The minimum payment is 0.01 ETH;
  2. Set GAS 250,000 (unused gas will be returned to you), and 50 GWEI (minimum). See http://prntscr.com/hkvk5x See

CREDITS - A new generation of blockchain

CREDITS - a new generation of blockchain with fundamentally new technical capabilities that did not exist until now.

We are replacing old technologies by offering new approaches to the construction of registry, processing, consensus, preservation and transmission of data. We have implemented the principle of very low transaction fees for a widespread introduction of the CREDITS platform.

Our mission is to introduce the CREDITS blockchain and cryptocurrency technologies everywhere, and make decentralized relationships a reality. Our technology allows us to do this.

We have developed our MVP and the Alpha is nearly complete! We received positive feedback and large demand from both users and experts looking forward to using the CREDITS platform.

CREDITS Platform Documents

White paper

Technical paper

Presentation short

Presentation long read

3-page Teaser

CREDITS - a cryptocurrency

CREDITS - The CREDITS cryptocurrency will be used within the platform as payment for services. It also has the potential to move beyond the platform into its own form of currency.

ICO Information

General

Credits plans to raise between 15 and 20 million USD during the Pre-ICO and ICO. The company will only have access to 50% of the funds collected (max 7-10 million USD) during the first half of 2018. These funds will be used for development and marketing. Unspent funds will be unlocked after the full release of the platform.

ICO dates

  • ICO Feb 01st 2018 - Feb 28th 2018

ICO caps

  1. Soft cap $15 mln USD
  2. Hard $20 mln USD

ICO exchange rate

The total number of issued tokens 1 000 000 000. The tokens exchange rate is 1 ETH = 5000 CS (CREDITS)

Token allocation

  • ICO - 60%
  • Bounty - 2%
  • Bug bounty - 2%
  • Founders - 15%
  • Advisors - 1%
  • Operation - 20%

According to the calculated budget of the project, the company will need 15-20 million dollars for the first year of operation. This includes development and marketing.

The project's ICO model will allow the CREDITS team to quickly finish platform development and promote CREDITS use in the future.

Unused operation tokens will be blocked for at least one year, according to the following schedule:
  • 10% frozen through 1 Jan 2019
  • 10% frozen through 1 Jan 2020

Founders' tokens

After the end of the crowdsale, these tokens will be frozen for one year.

Escrow for ETH received in ICO

Escrow is a way of blocking funds allocated in ICO by third-party persons until the occurrence of certain specific conditions are met. Independent Escrow person will block the ETH (money raised in ICO) access until compliance with the conditions can be verified. The team will not be able to spend the ETH raised during the ICO until the obligations for the development of the Alpha version and the Full release of the platform are fulfilled.

The team will not be able to spend the ETH raised during the ICO until the obligations for the development of the Alpha version and a full release are met.

Some ETH received in ICO will be frozen by four signatories of famous and well known people from the blockchain industry

  1. - Escrow 1 - CRYPTO4ALL Paris (Escrow organizer)
  2. - Escrow 2
  3. - Escrow 3
  4. - Escrow 4

  • 50% - (up to a maximum of 10 mln USD) will not be frozen and will be used for the development and promotion of the project
  • 30% - frozen until the release of the Alpha version (requires Escrow board confirmation and approval for release)
  • 20% - frozen until the Full release (requires Escrow board confirmation and approval for release)

Unsold tokens

All tokens not sold by the end of the ICO will be destroyed or burned

ICO Bonus

ICO bonus - 0%

WhiteList

During the ICO period the token buyers who have registered in the WhiteList CREDITS ICO will be served first

Legal registration

The operator of the platform is a company registered in Singapore and operates in accordance with the laws of Singapore. The company name CREDITS.COM PTE. LTD. Reg. No.: 201725929C Address: 79 Ayer Rajah Crescent # 05-08 Singapore 139955

  • We strictly work in accordance with the laws of Singapore
  • We do not use offshore schemes
  • Legal conclusion of licensed lawyers in Singapore
  • We interact with the Ministry of Finance (central bank) of Singapore http://www.mas.gov.sg/

Roadmap

January 2017

  1. Development of MVP
  2. Development of White paper

October 2017

  1. MVP Launch
  2. Pre-Sale

January 2018

  1. Issue Alpha Version
  2. First Users

February 2018

  1. ICO Launch
  2. Placement on exchanges

March 2018

  1. Issue Beta Version

June 2018

  1. Release
  2. New services

Roadmap (mid)

1st year

  • ICO and access to exchanges
  • Publication of the release
  • Services and Projects

2nd year

  • New releases
  • Services and Projects
  • Promotion of cryptocurrency

3rd year onwards

  • Project support
  • Promotion of cryptocurrency
  • New releases