Hello, warm greetings, peace and blessings, I hope you are healthy, always permit me to introduce myself (hogriderr) and here I want to give a review of the project, especially in the crypto coin collateralized area. This paper discusses the possibility of making collateralized crypto stable coins that combine pure crypto exchange, solvency systems and Cryptonote protocols. Crypcore is about creating crypto assets that enforce a solvency system that eliminates wild price changes, while giving Crypcore an opportunity to grow. Crystalline is essentially a combination of collateralized crypto digital assets with a solvency system to ensure price stability.
Crypcore - stable coins that operate in different ways, fundamentally with traditional stable coins
How does Crypcore work?
Crypcore is taken from Monero which is built on cryptographically secure and completely anonymous Cryptonote protocols, the Crypcore ecosystem combines solvency equations, pure crypto exchange and Cryptonote protocols to make coins that have stable prices with price stability achieved with an average increase in guarantees with price fluctuations.
For this effect Crypcore is a stable coin that operates fundamentally different from traditional stable coins, we will call it Dynamic Stable Coin (DSC). Crypcore will get a guarantee of the fees charged on Crypcore exchange, this fee will be added to the Crypcore coin guarantee thereby always increasing guarantees and maintaining the stability of Crypcore Prices. Crypcore is not seen as a stable coin for traditional crypto currencies, but rather a new and innovative approach to achieving price stability in the crypto currency space.
The Crypcore System
Popular stable coins are pegged to the US dollar and have a ratio of 1: 1, Crypcore on the other hand will not be pegged at 1: 1, but will calculate the price of the collateral. In that aspect Crystalline cannot be considered a stable coin in the traditional sense of the word. Crypcore will consist of a number of different parts that work together to maintain the price of Crypcore coins, namely: Crypcore Blockchain, Crypcore Mining, Crypcore Wallet, Crypcore Wallet and Instant Crypcore exchange.
BLOKCHAIN CRYPCORE
Kryptonote protocol
Block Explorer
CRYPCORE MINING
Crypcore Exchange
CRYPCORE WALLET
CRYPCORE EXCHANGE
The Crypcore blockchain consists of the Cryptonote protocol and block explorer.
The characteristics of the Crypcore blockchain are:
The Cryptonote protocol is an application layer protocol created to solve problems related to the bitcoin protocol. Cryptonote first appeared in 2012 and a ground breaking white paper was issued on October 17, 2013, the most popular coins based on the Cryptonote protocol which is Monero (Crypcore which is branched from Monero) and bytecoin. Cryptonote is based on the cryptographic "Traceable signature ring" made by E. Fujisaki and K. Suzuki.
Purse
Crypcore Crypcor aims to be accessible even to non-technical users, wallets will be provided for various platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the completion of the development of Web Wallet for android and iPhone wallets will begin. The web wallet is currently under development, you can find the screenshot below.
Crypcore Effect
Crypcore exchange will play a very important role in managing the price of Crypcore. To do this Crypcore Exchange must do things in an unconventional way. A very simple solvency equation will determine the price of Crypt. In normal stable coins tokens are issued by the main organization but crypcore exchange will not be able to make tokens, but rather every coin is mined. This is because the privacy and security of our users is very important. In order for Cryps to maintain its value, the initial money supply is mined and held by the Crypcore exchange. Crypts held by exchanges will not be considered outstanding.
Flow of funds
The Crypcore exchange is central to maintaining the flow of funds.
Exchange Exchangees
Crypcore exchange will have two types of reserves.
This is a pre-mined Crypt (and Crypt returned) held in the Crypcore exchange.
This is a crypto that is kept as collateral. This reserve is smooth because crypto to crypto can be traded on the Crypcore Exchange.
This crypto reserve will be divided into two parts, namely:
This is a backup that is stored on the exchange.
Cold Reserve:
Solvability cold storage system
The solvency equation is on the exchange and is only the protocol that controls the price of Crypcore. Unlike other stable coins, the price of Crypcore will not be pegged. Then why are these coins stable?
To illustrate this:
Say if the user buys x Crypt (C), he is depositing x the amount of Bitcoin (B).
This is the system used by Crypcore to keep prices stable. 30% of the income is added to the collateral and 20% is stored in the Collateral Stabilization Collection (CSP). Collateral Stabilization Group plays a role when the price of Crypcore falls more than 10% in a certain period. It functions by adding the crypto currency collateral in this pool to the main pool to maintain a fixed price.
The limitations of the current stable coin model
When stable coins are considered the wrong way, the general thought among stable coin designers is that the target price must be maintained, the idea is that if minimal price changes are achieved by a mechanism then assets are stable. But this is not true, stability must not be seen as maintaining the target price, but stability must be a function of demand, supply and value
CRYP Live Price
Outstanding Inventory: 000,000,000
24-hour VOLUME: $ 0,000,000,000,000
BTC: 0.0000000000
ETH: 0.0000000000
LTC: 0.00 million
XMR: 0.0000000000
Exchange Assets: $ 0,000,000,000,000
Project Roadmap
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Team
Terryp:
Lead Developer Terryp has more than ten years of development experience and web security expertise.
Zonner:
Web and mobile designers. Fifteen years of design and development experience.
For more information, please visit the official link below:
WEBSITE
WHITE PAPER
TELEGRAM
FACEBOOK
TWITTER
REDDIT
TELEGRAM BOUNTY
AUTHOR: hogriderr
BTT PROFILE: (hogriderr)
ETH ADDRESS: 0xa6e13d101FAc22dEE3e2F50fBfaa575511BB9Cce
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Crypcore - stable coins that operate in different ways, fundamentally with traditional stable coins
How does Crypcore work?
Crypcore is taken from Monero which is built on cryptographically secure and completely anonymous Cryptonote protocols, the Crypcore ecosystem combines solvency equations, pure crypto exchange and Cryptonote protocols to make coins that have stable prices with price stability achieved with an average increase in guarantees with price fluctuations.
For this effect Crypcore is a stable coin that operates fundamentally different from traditional stable coins, we will call it Dynamic Stable Coin (DSC). Crypcore will get a guarantee of the fees charged on Crypcore exchange, this fee will be added to the Crypcore coin guarantee thereby always increasing guarantees and maintaining the stability of Crypcore Prices. Crypcore is not seen as a stable coin for traditional crypto currencies, but rather a new and innovative approach to achieving price stability in the crypto currency space.
The Crypcore System
Popular stable coins are pegged to the US dollar and have a ratio of 1: 1, Crypcore on the other hand will not be pegged at 1: 1, but will calculate the price of the collateral. In that aspect Crystalline cannot be considered a stable coin in the traditional sense of the word. Crypcore will consist of a number of different parts that work together to maintain the price of Crypcore coins, namely: Crypcore Blockchain, Crypcore Mining, Crypcore Wallet, Crypcore Wallet and Instant Crypcore exchange.
BLOKCHAIN CRYPCORE
Kryptonote protocol
Block Explorer
CRYPCORE MINING
Crypcore Exchange
CRYPCORE WALLET
- Official Desktop Wallet
- Official Web Wallet
- Third Party Wallet
- Hardware Wallet
CRYPCORE EXCHANGE
- Crypcore Exchange
- Solvency System
- The Crypcore Blockchain
The Crypcore blockchain consists of the Cryptonote protocol and block explorer.
The characteristics of the Crypcore blockchain are:
- Low transaction costs
- High speed
- Decentralized
- Secure
- The Cryptonote Protocol
The Cryptonote protocol is an application layer protocol created to solve problems related to the bitcoin protocol. Cryptonote first appeared in 2012 and a ground breaking white paper was issued on October 17, 2013, the most popular coins based on the Cryptonote protocol which is Monero (Crypcore which is branched from Monero) and bytecoin. Cryptonote is based on the cryptographic "Traceable signature ring" made by E. Fujisaki and K. Suzuki.
Purse
Crypcore Crypcor aims to be accessible even to non-technical users, wallets will be provided for various platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the completion of the development of Web Wallet for android and iPhone wallets will begin. The web wallet is currently under development, you can find the screenshot below.
Crypcore Effect
Crypcore exchange will play a very important role in managing the price of Crypcore. To do this Crypcore Exchange must do things in an unconventional way. A very simple solvency equation will determine the price of Crypt. In normal stable coins tokens are issued by the main organization but crypcore exchange will not be able to make tokens, but rather every coin is mined. This is because the privacy and security of our users is very important. In order for Cryps to maintain its value, the initial money supply is mined and held by the Crypcore exchange. Crypts held by exchanges will not be considered outstanding.
Flow of funds
The Crypcore exchange is central to maintaining the flow of funds.
- Cryp is mined and stored on an exchange
- The user deposits Crypto in Crypcore Exchange
- Crypcore Exchange sends Cryps to the user's Crypcore address. The amount of Crypt sent is determined by the exchange rate.
- Users can make anonymous P2P transactions.
- Users can return Crypt back to Crypcore exchange
- Crypto that is available or selected by the user is returned to the user.
Exchange Exchangees
Crypcore exchange will have two types of reserves.
- Crypto backup:
This is a pre-mined Crypt (and Crypt returned) held in the Crypcore exchange.
- Crypto backup:
This is a crypto that is kept as collateral. This reserve is smooth because crypto to crypto can be traded on the Crypcore Exchange.
This crypto reserve will be divided into two parts, namely:
- Direct backup:
This is a backup that is stored on the exchange.
Cold Reserve:
- This is a backup that is stored offline in
Solvability cold storage system
The solvency equation is on the exchange and is only the protocol that controls the price of Crypcore. Unlike other stable coins, the price of Crypcore will not be pegged. Then why are these coins stable?
To illustrate this:
Say if the user buys x Crypt (C), he is depositing x the amount of Bitcoin (B).
- The buyer deposits xB and receives xC
- If Bitcoin increases by 50% and Crypcore exchange increases xB by 30% Crypcore is now worth (x + 50% of x + 30% of x) C
- If Bitcoin is reduced by 50% xC and Crypcore exchange increases xB by 30% Crypcore will now be worth (x - 50% of x + 30% of x) C
- Dynamic Price Stability System (DPSS)
This is the system used by Crypcore to keep prices stable. 30% of the income is added to the collateral and 20% is stored in the Collateral Stabilization Collection (CSP). Collateral Stabilization Group plays a role when the price of Crypcore falls more than 10% in a certain period. It functions by adding the crypto currency collateral in this pool to the main pool to maintain a fixed price.
The limitations of the current stable coin model
When stable coins are considered the wrong way, the general thought among stable coin designers is that the target price must be maintained, the idea is that if minimal price changes are achieved by a mechanism then assets are stable. But this is not true, stability must not be seen as maintaining the target price, but stability must be a function of demand, supply and value
CRYP Live Price
Outstanding Inventory: 000,000,000
24-hour VOLUME: $ 0,000,000,000,000
BTC: 0.0000000000
ETH: 0.0000000000
LTC: 0.00 million
XMR: 0.0000000000
Exchange Assets: $ 0,000,000,000,000
Project Roadmap
Q2 2019
- Realization & Research Ideas
- $ 50,000 in private funds
Q3 2019
- Publications on Architecture & Whitepaper Design
Q4 2019
- Launch Crypcore Instant Exchange
- Launch the Explorer block
- Start trading crypcore on the exchange
Q1 2020
- Launch Web Wallet
Q2 2020
- Launch Cellular Wallet
Q3 2020
- Launch New features for Crypcore Exchange
Team
Terryp:
Lead Developer Terryp has more than ten years of development experience and web security expertise.
Zonner:
Web and mobile designers. Fifteen years of design and development experience.
For more information, please visit the official link below:
WEBSITE
WHITE PAPER
TELEGRAM
TELEGRAM BOUNTY
AUTHOR: hogriderr
BTT PROFILE: (hogriderr)
ETH ADDRESS: 0xa6e13d101FAc22dEE3e2F50fBfaa575511BB9Cce
