News Jul 20 ,2021

Q&A Session with Credits CEO, Igor Chugunov


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: Still waiting on the reward announcement and specs for last month though any updates on the matter?

A: The announcement of the Node Reward Program has been delayed. However, all the reward data is recorded. Credits team will provide the distribution of coins to the participants, and announce it a bit later in its monthly report. There is no need to worry.

Q2: We are already in Q3 right now, any update for the plans in the roadmap? Because I saw nothing from the roadmap that has been released recently.

A: We publish partial information about our technical updates in weekly digests. Like many have rightly pointed out, we are currently behind schedule. However, it should be noted that our development team is steadily working to improve the situation. As mentioned earlier, our roadmap right now can only be addressed as a phased plan, as the dates have changed slightly due to a large amount of work and circumstances that occurred during testing. Despite some challenges, we remain optimistic about the developments we are working on. In this connection, we would like to ask you to be understanding.

Q3: Can we get a rough estimate of release dates of blockchain fixes and products?

A: The nearest update is to restore the database. As the dev team stated: "Over the weekend, a few bugs got out when replacing invalid blocks." Today they plan to complete the fix and start restoring the database of the nodes of our pool. After that, there will be full-scale testing in the MainNet.

Q4: Revolut has laughable fees for functionality that you get for free elsewhere. I mean if you can‘t withdraw/send money for free around the world it's already unattractive. Does somebody know if that will be possible with Credits?

A: We strive to provide the user with free and inexpensive services that will become a point for the growth of our future audience. We perfectly understand the current competitive market; thus, the convenience and quality for our users is the main indicator for future work with funds and the intensification of services in new markets. So, yes, you will be able to use most of the Credits services for free.

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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