TERRACREDIT ROUND2
INTRODUCTION
Credit is a Crytpocurrency that aims to be a decentralized Digital payment solution to the worlds unbanked adult population, which is an estimated $50,000,000,000,000.00 (Fifty Trillion Dollars) Market.
Terra has designed Credit (CREDIT) to offer free and fast Blockchain based payments. Credit employs Proof of Stake which allows any user to become a block producer. Block producers support the network and get rewarded with new coins for doing so, this function replaces traditional mining which is expensive and complicated.
The Credit desktop wallet automatically "Stakes" a users coin balance which allows them to become a block producer and earn rewards for maintaining the Credit blockchain. This creates a legitimate and passive income stream without the need for expensive equipment and technical knowledge. The Credit wallet is simple to use and does everything automatically, you just need a computer or laptop. To get started, make sure your PC is connected to the internet with a balance of 10,000 coins, check that your wallet is 100% synced and unlocked for staking and the rest happens automatically.
MISSION
Our mission is to develop Credit into a force unto itself, much like Bitcoin is currently. We have identified several traits that we believe a Cryptocurrency needs to not only be successful, but to achieve mass adoption.
And they are:
Transparency
Decentralization
Sustainability
Security
Feasibility
User friendliness
Integration
Credit was born to embody all of the above traits while still having the flexibility to improve and adapt to an ever changing Financial and Crypto environment.
Another important aspect of the Credit mission and a reason for Credit’s creation is the introduction of Cryptocurrency into the lives of new users.
It’s been proven time and time again that Cryptocurrency is a life-changing catalyst of financial freedom and change in people’s lives, and Terra wants to expose as many people as it can to the benefits of using Cryptocurrency in daily life.
One new user is one step closer to a complete Crypto-world, and at Terra we believe that we have the potential to add a substantial amount of mileage toward this goal.
VISION
The Terra Foundation’s ultimate vision is to see Credit become a leading Cryptocurrency in the Crypto-economy. One that is functional, developed, widely used, driven by it's users and adapting to their needs.
We see Credit as a viable replacement to cash and a rewarding option that is attractive to new users. We hope that Credit will be a tool of change in the lives of its users, allowing them access to a new financial system that is better for them.
Our vision extends beyond this Golden age of humanity and thousands of years into the future. We expect that the Credit Blockchain will outlive all of its current users and knowledge of its benefits will be passed down from generation to generation.
CRYPTOCURRENCY FOR EVERYONE
The Terra-Credit platform utilizes advanced Proof of Stake (PoS) technology to provide users with a new level of convenience and accessibility. Terra-Credit is an open-source, decentralized blockchain-based cryptocurrency with the potential to revolutionize the market. This coin features true fungibility paired with unmatched privacy. Additionally, the Terra-Credit ecosystem includes full community governance, network scalability, and real-world applications.
HOW DOES THE WALLET WORK?
The CREDIT desktop wallet enables everyone, regardless of technical ability, to participate in crypto. The wallet is simple to use and does everything automatically, you just need a computer, laptop or mobile device.
The Advantages of Terra Credit
Now that you know how Terra Credit works, let’s talk about the advantages of owning this cryptocurrency. And this has a lot to do with the many features that Terra Credit has to offer. So, in this Terra Credit review, we are also going to talk about the features of Terra Credit.
All In One Platform
Their platform is designed uniquely and robust where various features are available on this platform so it is very easy for users to do things that give them more benefits than other altcoins, Credit focuses on digital payment platforms that facilitate easier digital and traditional transaction processing they also use the Hybrid Algorithm with combination from Proof-Of-Stake and Proof-Of-Work Algorithm to give users the opportunity to verify the block which certainly gives them rewards when doing so, their Wallet also automatically performs “Staking” Automatically making it more efficient without the need to manage it continuously.
Another important and interesting thing is that Exchange is integrated with the Terrabit ecosystem, making it easier for users to carry out trading activities without the need for complicated steps like the other Altcoins out there. Terra Credit Vision is becoming solution for alternative payments on crypto world that are decentralized that is transparent and of course at a very low cost with various benefits obtained. Their wallet supports a variety of OS systems such as Android, iOS, Windows, Linux, etc. This makes them really serious to become one of the best alternative payment options.
Tokenomics
Token generation Event : 7/2/21
Mint : 175,000,000.00
Target : $11,750,000.00
Distribution : Real time
Locked : Yes Duration : 6 months
Dividend : Yes
Annual rate : 17.5%
Payment type : Weekly Airdrop
Token type : ERC-20 (Sale Token)
Bounty Allocation : 5,000,000.00 (2.5%)
Team Allocation : 20,000,000.00 (10%)
Unsold tokens : Burned
Unswapped tokens : Burned
Post sale Market Capitalization : $55M +
ROADMAP
16 November 2018 - Complete
Initial commit to Github with the final working source code. Gensis block printed
and Premine of 34 Billion coins mined through PoW.
18 November 2018 - Complete
The last PoW block was mined (Blockheight 10,000) and the blockchain switched
to PoS only.
4 December 2018 - Complete
Round 1 starts, base reward 100,000 coins and unlimited referral of 5,000 per new
user. 100 new users joined and we distributed 10,000,000 coins sent to desktop
wallets.
4 January 2019 - Complete
Round 2 starts, base reward 90,000 coins and unlimited referral of 5,000 per new
user. 1300 new users joined and we distributed 150,000,000 coins sent to desktop
wallets.
18 January 2018 - Complete
Round 3 starts, base reward 80,000 coins and unlimited referral of 5,000 per new
user. 3000 new users joined and we distributed 240,000,000 coins sent to desktop
wallets.
31 January 2018 - Complete
The web based CRM was launched to carry round 4 through to round 12.
1 February 2019 - Ongoing
Round 4 starts, base reward 50,000 coins and unlimited referral of 5,000 per new
user.
15 February 2019
Round 5 starts, all the details of round 5 and onwards will be released through our
social media and telegram channels.
28 February 2019
The launch of the block explorer and release of Rasberry Pi wallet version 1.001.
31 March 2019
The launch of the web and app based wallets. These wallets are not able to stake
their balance.
30 April 2019
In anticipation of Exchange listings we will issue a significant update to web
based CRM, to include a verification process to allow for balances to be
withdrawn to the various wallets available.
31 May 2019
We will announce the launch of the Terra app (iOS, Android and Windows).
29 July 2019
We will launch TerraDAX.
Team
DANIELE RONCHESE
MARCO SIMONETTI
SEUN GEORGE
OGECHI NNADI
RUSLAN KURBATOV
ALIYU ADAM
KEVIN OKOYE
EMMANUEL TSEKPO
VICTOR OLORUNSOLA
SHITTU AHMED
RIIWAN MOGAJI
SAMUEL DOKUN
ENER OCTAVIO BUITRAGO CAMELO
Conclusion
Currently there are many alternative payments out there as a substitute for Bitcoin, but there are still many shortcomings such as the long confirmation process and the high cost. Credit might be the answer for all of that. With Blockchain technology that meets the criteria, Terra Credit gives us one of the best choices for choosing alternative payments in the crypto world which is certainly a bridge for traditional ecosystems too (Fiat), I think this is a very good altcoin with the team already experienced, I suggest you do some research and maybe consider credit as an alternative payment option.
Information:
https://twitter.com/terracredit
https://www.facebook.com/terrabitofficial/
https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf
https://terra-credit.com/wp-content/uploads/2021/01/Token-Sale-Summary-ver-1.448-1.pdf
AUTHOR: AMSTEL YALLE
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