THE BEST SELLING CRYPTO EXCHANGE – CAPVERTO

THE BEST SELLING CRYPTO EXCHANGE – CAPVERTO

INTRODUCTION
When we work hard and claim it’s all about giving our best to achieve set targets, it might seem right. The more correct and sincere reasoning behind such sacrifice is no doubt the financial emoluments that goes with the sacrifices. The result oriented efforts and the instinct to have an account where such funds can be kept and managed from appears innate. The clamor for safety of your fund, interest accruals, Credit facilities, Online transactions, etc. are among the reasons why many opt to stash their funds with the bank.

Banking hall

Despite these benefits; the unbanked populations keeps swelling up, exceeding 2billion in population. The reasoning behind the unbanked population, sterns from the following challenges;

• Proximity to a banking institution
• Boring documentation requirements
• Hidden and high cost of transactions in the form of fees, charges, etc.
• Stringent and tasking banking policies like minimum balance, deposit regulations and difficult financial histories, needed in accessing facilities
• Distrust in the bank’s digital platforms, etc.

Despite these challenges, banks still thrive owing to the accessibility, usability and the capitalized nature of Fiats, which the deal mainly on.

CRYPTOCURRENCY

Then came the era of cryptocurrencies, which no doubt fell short in usability, accessibility and capitalization; but contained a whole lot of challenges listed above. The decentralized nature of cryptocurrency, low transaction fees, prompt and streamlined processing, etc. has turned out to be the selling point of cryptocurrencies when compared to the Fiat based banking solutions. Adopting cryptocurrency has contributed in making some measurable inroads in addressing the challenges facing the unbanked; it wasn’t enough to in catering the needs associated with the banking institutions, such as; credit administration, interest accruals, etc. This has necessitated the introduction of several cryptocurrency based projects; non of which equals the features contained on the Capverto Exchange in catering for the needs of the unbanked. At this, it feels necessary to know more about this project tagged “CAPVERTO”

THE CAPVERTO PROJECT

The Capverto project entails the development and deployment of a cryptocurrency exchange with needed robust features, lacking in others. One of such feature is the cryptocurrency Insurance; which combines with other features to create a better banking alternative for the unbanked. These Capverto exchange features include;

• Prepaid cards,
• Copy trading,
• Peer to Peer (P2P) Lending, and
• cryptocurrency insurance.

The activities underlying these features can be accessed with the Capverto utility token called, “CAP”. CAP also doubles as the integral means via which Capverto exchange activities are been run. To ensure a better understanding of this write-up; let’s first elaborate more on the exchange platform before throwing a closer look at the features, and what the exchange has in the offing for the teeming users and the unbanked.

THE CAPVERTO EXCHANGE

As a crypto based exchange, the Capverto exchange is a digital and online platform, on which cryptocurrencies can be exchanged/traded for one another, and even for Fiats. The exchange is based and runs on CAP.
Capverto did go the extra mile here to ensure the inclusion of the unbanked through the conversion of Fiats to Cryptocurrencies via Prepaid cards, POS terminals and the likes. This inclusion agenda is devoid of low utility, meager merchant support and poor usability. Outside the challenges taken care of through Fiat integration; a Peer to Peer lending feature was also added to eliminate the barriers preventing the unbanked from accessing the nominal banking facilities; such as credit history, collaterals etc.

As a top class exchange have the security, performance and convenience of the platform to battle with, to ensure a viable project devoid of external and cyber-attacks.
In the area of security; every platform user is expected to supply proof of address, backed by a three months utility bill. This supports the normal KYC and the Anti-Money Laundering security Model, to ensure a secure platform. The field bothering on user identity will be contracted to a third party verifier to ensure that the names worn by the users of the exchange platform, matches that of the participants. Major risk assessments bothering on terrorism, identity theft, etc. will also be carried out. Added to the normal username and password requirements; a 2Facror Authentication is also put in place to strengthen the already existing system security already discussed. With the security measures discussed herein, hijack of user accounts on the platform becomes a futile exercise.

In the area of performance; Peer to Peer means of transfer was adopted for transfers, payments and other financially related transactions, owing to the ability to ensure fast transfers and low transaction costs. This meets the expectation of the unbanked and the under banked for a fast, cost effective and reliable system of exchange; bolstered with the CAP utility token, via which it runs.

Having given a brief highlight of the Capverto exchange, and listed the interesting features; it’s time to throw more light on the features it bears.

THE CAPVERTO EXCHANGE FEATURES

A] PREPAID CARDS

Prepaid cards are payment cards that can be pre-loaded with funds as desired by the custodian, and can be used in making withdrawals, payments and purchases through the web, ATM and POS terminals. The cards are of two forms;

• The physical prepaid cards and

• The virtual prepaid cards.

While the physical ones can be used on the ATM, POS terminals, etc. the virtual ones serves in online transactions between users. The virtual cards do also prove helpful when the physical card gets missing.

prepaid cards

The prepaid card is one tool that Capverto has made an integral part of her ICO and utilized it in running the exchange based activities, courtesy of its integration with the platform’s utility token; CAP and the exchange. The prepaid card comes in four different colors as displayed above. These colors include;

• Blue
• Gold,
• Platinum and
• Black

The coloration reflects the account valuation of the card; with the blue color coming least at the cost of a $100, while that of gold comes at $1,500 valuation. The Platinum and Black card comes with invitation.
The Capverto’s prepaid card derives its value from the utility CAP token and Capverto exchange integration. The usage of the cards do attract a 2% fee of the transaction values in Fiats; which is a friendly cost compared to the 2.75% transaction value charges collected by the VISA and the MASTERCARDS respectively. Despite been the 2% charge, the users still benefit from a percentage of the charges through a process called cash backs, depending on the card tier as contained in the prepaid card illustrations, above. The remaining percentage gets reinvested on the CAP utility token; enhancing its crypto market value by so doing. End users also get more cash back rewards when they make payments with the prepaid cards in specified shops and in the purchase of travel and health insurance plans..

While the physical cards remains a high utility instrument in the hands of the platform users; Capverto will utilize digitized virtual prepaid cards paired with the P2P solutions for direct transfers between persons as found in the case of Western Union and Forex services, and access to worldwide IBAN/SWIFT infrastructure to ensure higher utilization of banking services.

B] COPY TRADING

Copy trading

This is the second feature available on the Capverto’s exchange. As the name implies, Copy Trading” is a guide to cryptocurrency trading for newbies. Capverto exchange has used this feature to proffer a solution where trade moves by professional traders are copied and utilized by newbies to trade and make profits.
Such service attracts a mere 10% of the profit; split between the original trader and the Capverto exchange. 2.5% of the exchange inflow gets reinvested in CAP through trader buybacks of tokens hence; further enhancing the market value of the token. This reinvestment, alongside the intial prepaid card purchase cost, account activities and other exchange related activities will ensure that CAP valuation is a reflection of the productive activities of the platform rather than mere speculations.

C] PEER TO PEER (P2P) LENDING:

P2P lending

Peer to Peer lending implies the contractual exchange of cryptocurrencies between the exchange platform users; where one lends some tokens to another, possibly for trading purpose. The borrowing can be attributed to a user’s expectation of the token within his possession to appreciate within a specific time frame, and wouldn't want to pass such opportunity for something else. In this case, they’ll opt for an additional inflow to trade with.
Capverto exchange offers such opportunity between peers. The person in need of such funding can only access fund valuation, up to 50% of his/her crypto account value. 2% of the fund borrowed is paid as interest to the exchange platform as interest. The interest still finds its way back to the market as a reinvestment in the cap token for appreciable impacts. The lending comes with a maximum tenure of 6 months, with an interest of 8% accruable to the lender. Peradventure the crypto value gets below 40% of it’s original value; a sell clause will be triggered. This is first of a kind amongst cryptocurrency exchanges I know.

D] CRYPTOCURRENCY INSURANCE

Crypto insurance

Cryptocurrency Insurance on the Capverto exchange is a first of its kind feature, amongst every cryptocurrency that currently exists, save for coinbase. It is aimed at protecting the exchange from the risk of loosing funds due to cyber attacks, downtime incidence or complete exchange shut down. The solution; which was deployed in partnership with Riskpoint, has been deployed for the Capverto Exchange ICO participants, ensuring them of protection against unexpected loss of their crypto based assets. There is no doubting the fact that this feature will sell, going by the fact that cybercrime has really cost the global economy; hundreds of billions in dollars, annually.
This feature will be integrated with KYC, Proof of Address, 2FA and Anti Money Laundering measures, to minimize the cybercrime theft associated risks. The Insurance coverage for now, has failed to cover losses incurred in Crypto trading, Rates, copy trading and P2P borrowing/Lending.

E] EXTENSIBLE SMART CONTRACTS

Aside the above listed features; Capverto has made open the framework for building custom blockchain applications in their github repository. Through this generosity, the smartcontract can be leveraged on to build private and permissioned public blockchain by developers..

CONCLUSION

With the multi-faceted features of the CAPVERTO Exchange already discussed above;

Analyzing

It becomes obvious that the crypto community now has a bestselling exchange on their palm. The series of reinvestments of inflows and many other measures, will no doubt ensure that the CAP utility token will be a very stable one; appreciating steadily, overtime and will soon become a highly sort after token for profitability. Going by this; we can become part of this project and grow with it early on; simply by buying into the Initial Coin Offering, and enjoy the numerous benefits that will accrue.

The ICO price currently goes for $2.3 dollars per token; with a hardcap of 171,375,000 CAP. Bitcoin, Ethereum, LITECOIN, Bitcoin cash and Fiat, are all acceptable currencies for payment. Be part of the project and make the hay while the sun shines.

Meet the team behind the project:

THE CAPVERTO TEAM

Thanks so much for your time and anticipate my next article on the business model, the roadmap and the ICO proper. Do find the reference section for more details.

Thanks
Karlblaise1
https://bitcointalk.org/index.php?action=profile;u=2248258
Ether add: 0x88b8c3cC5B6B33EEa93141443E95f9ff3B6634a3

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REFERENCES

Website: https://capverto.com/landing
Whitepaper:https://capverto.com/landing#whitePaper
Telegram: https://web.telegram.org/#/im?p=@CAPVERTOOFFICAL
Facebook: https://web.facebook.com/CAPVERTO/
Twitter: https://twitter.com/capverto
Medium: https://medium.com/capverto
Linkedin: https://www.linkedin.com/company/capverto
Bitcointalk: https://bitcointalk.org/index.php?topic=2042235.0