The uptake of cryptocurrencies by both individuals and professional organizations worldwide has not been as fast or widespread as it could probably have been.
There are different reasons for this, but a great motivator for distrust is the fact that cryptocurrencies work outside of the conventional banking system. This is by design, as decentralization is one of the main pillars underpinning the cryptocurrency concept.
Cryptov8: blockchain-based banking platform
A fully-fledged banking institution based on blockchain technology would provide potential customers with a perception of ‘normality’ about cryptocurrencies.
Based on this premise, Cryptov8 intends to create a UK-regulated banking facility to provide mortgages, loans, savings and current accounts, and in general all the traditional services that customers would find in a high street bank.
Full Banking Licence (without Restriction) granted. Banking Services Launch.
— Cryptov8 (@cryptov8) July 3, 2018
According to the whitepaper, the Cryptov8 platform aims to improve the following areas of customer perception:
Cryptov8 in figures & quick facts
- Token name – CRV8
- Total tokens issued – 1bn
- Total tokens available during pre-ICO and ICO – 750m
- Token price (during pre-ICO) – 1 ETH = 4,788 CRV8
- Token price (during ICO) – 1 ETH = 4,320 – 3,780 CRV8
- Pre-ICO start date – July 14th, 2018
- Pre-ICO end date – July 28th, 2018
- ICO start date – July 28th, 2018
- ICO end date – September 28th, 2018
- Soft cap – 15,625 ETH
- Hard cap – 156,250 ETH
The Cryptov8 token
The Cryptov8 token (CVR8) will be based on the ERC-20 standard.
“I’m terrified of losing my private key” – #crypto participants are forced to hold lot's of private keys if they have stakes in multiple currencies. #Crypov8 offers secure storage of public addresses and private keys & the ability to store important documentation/agreements #ICO pic.twitter.com/s5dfLxYsMN
— Cryptov8 (@cryptov8) June 28, 2018
According to the whitepaper, the CRV8 token will give bank customers discounts to
cryptocurrency-related activity and traditional banking services used to support activity in the cryptocurrency market.
Once created, the tokens will be distributed as follows:
- Pre-sale and ICO – 50%
- Long-term budget – 40%
- Team and advisors – 10%
Cryptov8 offers a Bonus Program, which runs thus:
- Period 1 – 20% bonus.
- Period 2 – 15% bonus.
- Period 3 – 10% bonus.
- Period 4 and until the end of the ICO – 5% bonus
Learn more about Cryptov8’s team here.
Social media presence and digital footprint
Due to the expected growth on our Cryptov8 #ICO Discussion Group, we have upgraded to a public supergroup to manage the demand. Join us there and be part of our growing #crypto community! https://t.co/R7XZSwYsOK #blockchain #cryptocurrency
— Cryptov8 (@cryptov8) July 2, 2018
As at late June 2018:
- Twitter – 74 followers
- Facebook – 58 followers
- Medium – 5 followers
- LinkedIn – 5 followers
- Telegram – 15 followers
We've been featured on the front page of @bitcoinsguide – Take a look at what they had to say about the #Cyptov8 project and our upcoming #ICO. #crypto #blockchain #banking #cryptonewshttps://t.co/KCCssAERkq
— Cryptov8 (@cryptov8) June 25, 2018
Banking platforms are commonplace across the blockchain. ZeroBank, ORCA, European Crypto Bank to name but a few, but there are dozens of other platforms offering banking services.
With a crowded banking blockchain sector, Cryptov8 will have a lot of work to catch up, particularly in light of its currently insignificant presence on social media.
Did you know #Cryptov8 has conducted extensive market research to identify consumer preferences, market trends and competitor offerings. Our road map for 2018 is one of the most ambitious in the space. Feel free to check us out : #crypto #ico #bankinghttps://t.co/2PnD9WDEqF pic.twitter.com/jkDj0cIWMu
— Cryptov8 (@cryptov8) June 22, 2018
Consult Cryptov8’s Whitepaper for more information about the platform, additional features and services, etc.
Cryptov8’s platform offers a solid idea that has the potential to become a popular tool, as investors and customers may see the viability of integrating a more or less traditional banking platform into the blockchain.
It is worth highlighting that the platform has not yet been implemented. The roadmap specifies that banking facilities will not actually be ready until Q3 of 2019.
— Cryptov8 (@cryptov8) July 4, 2018
Also, Cryptov8’s presence on social media is currently negligible. The company needs to work hard and fast in building up a noticeable presence across the social space.