What is Capverto Project?

Capverto Exchange is a digital currency, based on a versatile utility token that greatly extends the basic advantages of cryptocurrency through a design directly addressing the needs of populations most frequently excluded from banking. It delivers a multifaceted bank-like experience, centered on a prepaid card, that is as easy to use as logging onto a fast, well-designed website. At the same time, the pivotal CAPVERTO Token (CAP) at its core supports advanced features such as a cash back system, peer-to-peer (P2P) monetary exchange, a digital currency trading platform, and an innovative cryptocurrency insurance product. In the course of normal use, all of these features influence the underlying value of the CAP, distinguishing it a uniquely flexible amenity for the unbanked and underbanked.

Inclusive banking systems are engines of economic growth and poverty reduction. Without access to the full spectrum of banking services, unbanked populations must resort to outlets like microcredit networks and payday lenders to fulfill their financial needs, despite the high interest rates, steep fees and limited overall flexibility of such options. The unbanked need fairer, more flexible alternatives.

Cryptocurrencies hold considerable promise in these respects. They do not require the complex infrastructure and bureaucracy of traditionally centralized finance, nor do participants in their ICOs need to possess extensive financial histories or travel in person to any branch offices – both common barriers for unbanked individuals. Participation is often as straightforward as passing a few security verifications to open an online account, and it comes with the central benefit of fewer and lower transaction fees.

The exchange offers the following:

Prepaid card program
Secure P2P lending and borrowing
Copy trading platform
Cryptocurrency insurance
Extensible smart contracts

Capverto Smart Contract:

Capverto operates as an extensible, open-source framework that users can utilize to create blockchain applications. It allows users, whether individuals or corporate to create a customized blockchain.

Prepaid Card Program

When it comes to prepaid programs, Capverto develops prepaid cards that serve as the link between fiat money and cryptocurrency. For instance, if you own the prepaid card, you will receive an amount of CAP tokens equal to the tier of the card purchased, which starts at $100 for the basic blue card.

You can use the Capverto card for in-store and online purchases. When you shop using the card, up to 2 percent of every transaction is reinvested into CAP, which eventually influences the token’s value. Besides, there is a full-blown reward system, which enables direct discounts at affiliated merchants.

Secure P2P Lending and Borrowing

Capverto exchange enables secure and convenient P2P transfers. Instead of owning cryptocurrency and hoping it will appreciate, holders of the currency can lend up to half of their remaining asset value and generate interest from it. Annual interest rates currently stand at 8 percent, the amount that lenders can get instantly. In the meantime, borrowers can benefit from not having to depend on traditional financial institutions.

Copy Trading Platform

With Capverto, users can easily follow and copy trades and portfolios others. Copy trading provides new users with an easy way to get started while also influence the value of the CAP token. There is much more to this clause, as 10 percent of the profit made on the platform is sharable between the original trader and Capverto exchange. The deduction and sharing happen automatically and once done, the exchange reinvests its share in CAP.

Cryptocurrency Insurance

A unique feature on the platform, the cryptocurrency insurance gives users peace of mind that their valuable assets are safe from theft. This product drew its inspiration from the famous Mt Gox exchange in Tokyo. Capverto exchange offers this product in partnership with RiskPoint.

The Capverto Exchange Bank Platform:

The fundamental disadvantage of being unbanked is inadequate access to core services for lending, borrowing and saving. Without formal bank accounts, unbanked individuals have limited recourse for securing funds for either personal or business use. Plus, their often poor or nonexistent credit histories present major hurdles for ever removing these constraints, at least not by working through the traditional financial system.

Alternative approaches, such as P2P monetary exchanges for direct transfers between persons, have emerged to serve people outside the contexts of traditional financial institutions. These solutions, which now include everything from Xoom and Venmo to Western Union and FOREX services, predate the internet, but they have become increasingly prominent as IP network connections and mobile devices have become much more capable in recent years. In many large middle-income countries, the gulf between the shares of adults with bank accounts and reliable internet access is now vast, underscoring the opportunity to connect the unbanked and underbanked to financial systems via networked technologies such as cryptocurrency.

For example, the World Bank’s Global Findex Database 2017 report found that more than half of Indonesians did not possess bank accounts at the time. In contrast, the Indonesian Internet Service Providers Association estimated 55 percent of them had regular internet access that same year. Digitized, high-utility financial instruments such as virtual prepaid cards, paired with transfer mechanisms via P2P solutions and access to worldwide IBAN/SWIFT infrastructure, can collectively ensure higher utilization of banking services even in such challenging environments.

Team:

Roadmap:

Token Sale Detail:

Capverto Exchange is offering an ICO targeting the unbanked/underbanked, ensuring they have opportunities to harness the unique benefits of cryptocurrency. It bridges the worlds of fiat money and cryptocurrency by combining an international prepaid card program linked to innovative banking and trading features centered on the CAP utility token.

All Capverto Exchange features influence the value of CAP, meaning its price is a reflection of productive activities rather than uninformed speculation. Assets within Capverto Exchange may also be protected with cryptocurrency insurance.

ICO Detail:

Token: CAP

PreICO Price: 1 CAP = 1.66 USD

Price: 1 CAP = 1.82 USD

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Ethereum

Accepting: ETH, BTC, LTC, FIAT, BCH

Minimum investment: 100 USD

Soft cap: 6,200,000 USD

Hard cap: 20,000,000 USD