Friday, February 8, 2019

CRYPTOPROFILE

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world.
Because of the access to the internet we are able to get information about one of the most incredible crypto-project which is known as  CryptoProfile


CryptoProfile's main objective of its project is to try to solve the existing attitude to ICOs projects, while protecting investors from potential scams and non-liquid projects.
CryptoProfile will be the first line in eliminating scams in the ICO niche in the market by ensuring only viable ICOs are taken in as clients. It also makes it easy to invest in ICOs by simply holding on to the CP token to receive airdrops of the best ICOs in the market.
The main problem that CryptoProfile seeks to solve is the rampant failure of ICO projects in the cryptocurrency industry. CryptoProfile highlight that 90 percent of all the ICOs fail in less than six months. A large proportion of them are scams where people trick investors to finance their ideas only to disappear after the money has been collected. This is one of the most prevalent problems due to the lack of proper regulation in the cryptocurrency industry. 
The Impending Challenges goes thus:
ICOs with poor technical execution in the main project
ICOs with poor business models that are not viable
ICOs relying on replicated ideas
ICOs using pump and dump strategies to trick investors
ICOs that offer airdrops at a low value
ICOs that use marketers that are not adequately skilled
ICOs that exploit bounty hunters in the market
The Solution Offered
CryptoProfile provides a solution where investors get access to legitimate ICOs that they can invest in without any fear of being swindled. The firm will conduct thorough due diligence on any ICO projects that want to be listed on its blockchain-based platform. They will then accept them as clients in their ICO marketing service. They will be required to pay $100k in CP token for marketing of the tokens. The CP tokens returned will be locked in a smart contract for six months until the client is listed on an exchange. Ten percent of the ICO’s tokens will be airdropped to investors who will be holding the CP tokens.
The Proposed Business Model

The platform performs due diligence on ICOs in the market and holds these platforms to a long-term contract by requiring them to acquire CP tokens for at least six months. The aim is to dissuade the pump and dump ICOs. Any ICOs accepted by CryptoProfile will have extensive due diligence research conducted on them to ensure the technical, business and financial aspects are legitimate. Even the founder, team and advisors behind the platform will be investigated to ensure that they are legitimate in their business offering.
Technical Aspects
CryptoProfile seems to follow the tried and tested approach of creating its blockchain on the ERC20 token. The benefit is that it will rely on Ethereum to provide the security to the platform. This is better than having a mainnet with poor security as the underlying blockchain of the platform. 
The Key Features
The speed of the platform 
While it is nothing to write home about, we believe that the 15-second transaction speed is adequate for the type of platform that is being built. The platform will mainly deal with providing airdrops of approved ICOs to token holders. A 15-second delay will not affect that in any way. Therefore, the speed is adequate for the task.
Security of the platform 
Since the platform relies on the Ethereum network, the security protocols are inbuilt into the Ethereum platform. It provides relative protection from hackers and Sybil attacks. Additionally, the encryption provides security and privacy for the platform. It also includes AML and KYC protocols that are becoming an industry standard.
Transparency 
A trust-less system require transparency to ensure that investors and the ICOs have peace of mind. CryptoProfile has adopted a fully decentralized approach to how the platform runs to ensure that the investors can review the ICOs for themselves and the due diligence reports. This ensures that all stakeholders are comfortable that no issues will affect them.
Scalability of the platform 
The platform can be scaled horizontally by increasing the number of users, and the number of ICOs included without any issues with speed or security. Once the platform becomes large enough, it will create its mainnet. Scalability is also guaranteed by the low latency of the algorithms that have been used.
Language used on the platform 
As an ERC20 coin, it relies on Solidity as the main programming language. It is a JavaScript iteration which makes it easy to work within the future.
The Ecosystem as illustrated on the official website

ICO project will buy CP token from the CP token reserve.
Token will be locked up in a smart contract for 6 months.
An ICO project will have to give 10% of their token to airdrop to CP token holders. (community support)
Proof of community on ERC20 blockchain allows CP tokens holder to support ICO projects which is traceable.
CP token holders will keep getting vast amounts of airdrop as long the teams keeps bringing in fresh projects.
The Advantages
CryptoProfile offers a unique opportunity for us as users and future investors. At the same time protecting us from fraudulent ICO, as well as opening access to high-quality and proven projects, the development of which will not only successfully invest their savings, but also guaranteed to increase them.
For the owners of ICO projects, a large number of advantages are also available, thanks to which they get access, not only to the audience ready to invest in the development of their project, but also to the professional quality help of the CryptoProfile team.
Moreover, people who are engaged in the promotion of ICO projects, such as "bounty hunters" will gain a reliable ecosystem, where they will be able to make a guaranteed profit for their actions and no longer worry about their incentives and their liquidity in the market.
Token and ICO Details
CP Token will be released on the basis of Ethereum platform and fully comply with ERC20 standard. Support of this standard guarantees the compatibility of the token with third-party services (wallets, exchanges, listings, etc.), and provides easy integration.
Token Details
Token Name - Cryptoprofile
Token Symbol - CP
Platform - ERC20
Token Price ICO - 0.10 USD
Token Price Pre-Sale - 0.05 USD
Total Token Supply - 753,471,015
Total Token For Sale - 591,474,747
Soft Cap - 1,162,556 USD
Hard Cap - 30,463,808 USD
Minimum Purchase Pre-Sale - 500 USD
Minimum Purchase ICO - 100 USD
Allocation of Tokens

Use of Funds

ROADMAP

MEET THE AMAZING TEAM

Max Ng who is the managing director and co-founder of the platform. He has already been involved in the digital currencies industries which are probably where he realized there is a gap in the industry.
Jaclyn Lim is the deputy managing director and also a co-founder of CryptoProfile. She has invested in more than ten different ICOs with a 100 percent profitability record. She also seems to have a good understanding of the cryptocurrency market.
Charles Ram is another co-founder and the sales and marketing director. His skills in cryptocurrency marketing are evident with his numerous awards in the field and keen insight into the Fintech industry.
Alan Lew is also a co-founder and the chief technical officer. He has experience in the development of interactive business websites and some insight into platform creation and Fintech development.
Kelvin Lew is also a co-founder and the digital marketing director. He has very 12 years of experience in the digital sphere and can utilize the right marketing tools as well as the right way of expression to engage the right kind of audiences.
Andrew Se is a member of the team and one of the co-founders. He is an experienced Crypto Analyst capable of evaluating the technologies, business models, market trends and incentives along with managing 200+ different token types.
Amarpreet Singh is one of the leading advocates and contributing member of Global Blockchain community, Senior Advisor of Global Blockchain Foundation and is an Advisory Board Member of many Blockchain projects around the world.
The key partners of the platform include DigiFinex, Talenta, Weblearningresources.sg, oex.com, kryptoia, Cryptaw, Ceito, MastertheCrypto, and IKIGUIDE.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Author : Maniecool                                                                                                                      
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