News Jun 15 ,2021

Q&A Session with Credits CEO, Igor Chugunov

Greetings!

We are glad to see you at our Questions and Answers Session! Thank you for being eager to keep up to date with everything happening at Credits. Here are the latest questions from our community:

Q1: Why not we have defi project like polygon and BSC on CS?

A: Like I said, we are not engaged in the development of DeFi solutions.  There are no such plans as we have more priority to launch our main services. The same thing goes for NFTs. At the moment, we see no sort of value in this. However, third-party developers are always welcomed. Subsequently, subject to the availability of the right conditions and clear benefits for the Credits ecosystem, some things might be considered in the future.

Q2: When everything is completed with exact dates not just we are working, we will, we are about?

A: We understand your concern and desire to get ready-made products. Since we are dealing with not the simplest technology and functionality, we have to start from various factors, including interaction with our partners to build the necessary consensus on priorities and strategies to ensure sustainable development. Thus, the exact dates have not yet been confirmed.

Q3. What is the status of ledger integration? Suppose to happen Q1 2020 

A: The ledger integration is currently not being performed. In the short term, I can not provide any specific dates.

Q4: As a potential investor, I am interested to know how much the company's policy has changed since its inception. What was reinterpreted, and how effective?

A: This is a good question, and there is quite a lot to say about. However, to make a long story short, I would like to highlight our focus. Earlier, we used to focus more on the crypto industry aspect, and today our priory also lays on the financial payment sector. To a greater degree, it is justified for technical reasons and our development progress. It enables us to provide an adequate roadmap where we have set out our priorities and the steps to be taken to fulfill the goals set. With the constant development of our technology and knowledge of the market, we had to reinterpret our approaches to certain products and opportunities along the entire way. Each time it only contributed to our growth as a business entity. So, keep an eye on our upcoming releases and be sure that the performance has only improved since. 

Q5: I heard that nobody takes a "TPS punch" better than Credits Blockchain. How will this allow the team to stand out in the market? Will there be any use for this?

A: Each blockchain is unique, and Credits blockchain truly keeps the TPS rate well going. From the off, blockchains have been compared to traditional legacy systems in terms of the number of transactions that are being handled per second. However, the industry can see a major breakthrough with Credits blockchain. As we all know, the major reasons for the adoption of cryptocurrency are due to faster transactions, security, and decentralization. But also, we focus on producing our own solutions, which makes our technology more viable.

Good day, thank you for your questions and participation! We do appreciate your drive for Credits development!

Users have one week to submit their questions. Please do not hesitate to send us more questions you would like to be covered here!

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