With Ethereum migrating from its Proof-of-Work (PoW) algorithm to Proof-of-Steak (PoS), new Software as a Service (SaaS) platforms are emerging to take advantage of the possibilities that come with the change. One of the more exciting projects is Contractium, a decentralized software application that will run on the Ethereum blockchain.
What is Contractium?
Contractium is a decentralized software DApp on the Ethereum network that will allow simplified, secure, trustless transactions for desktop, mobile, and web applications. Contractium was developed using the Proof-of-Contract protocol which focuses on allowing non-technical users and business entities use smart contracts for transactions or even issue their own tokens directly on the Contractium network.
There are 3 main functions for Contractium:
Smart Contract Creation - Contractium's smart contract features allows local and international users to create commercial smart contracts easily with out a technical background.
Crypto Payment Gateway - It also provides a simple, secure payment gateway to initialize and finish the payment procedure with plans to integrate 3rd party payment services (E-wallets, E-payment gateways).
Crypto Rewards System - Similar to a customer loyalty points program, Contractium will allow the issuance of their CTU token as rewards. CTU tokens are the fuel to the Contractium network.
Who Will Benefit From Using The Contractium Network?
E-Commerce and Freelancers - E-commerce businesses or freelancers who want to send and receive payments using cryptocurrencies will be able to utilize Contractium's smart contracts and payment gateway with ease. Business's can also issue their own tokens similarly to Ethereum and NEO and set up loyalty programs with a built in "cash-back" rewards system.
Online Gaming Industry - Gaming studios and developers can use Contractium as a payment means, reward/bonus system using their own tokens or CTU tokens. When customers make in-game purchases they can be rewarded with actual tokens which can be withdrawn and used on the crypto market. Smart contracts can also be used as a store of value of in-game assets and loot.
Social Media Platforms - Payments, rewards, and donations can be dealt out in CTU tokens for content creators who publish information for businesses or just for their audience to enjoy.
Advertising Industry - Advertisers can use Contractium smart contracts to make deals and supply payment for ad campaigns as well as offer rewards and incentives for services.
Social Data Sales - Users can sell their data to marketers and businesses and earn money directly, opposed to not earning anything from large social media platforms that secretly sell data to businesses.
Why not just use Ethereum Smart Contracts?
Contractium is built on the Ethereum platform but has an advantange over Ethereum's typical smart contracts as their DApp platform simplifies the process. Contractium will make it so issuing smart contracts as well as allowing businesses issuing tokens for themselves can be possible for users who don't have a technical background in Solidity or programming. The all-in-one smart contract and payment gateway offers a built-in "cash back" rewards system that can be used as a loyalty program which will be extra incentive for customers to do business and make purchases.
What is CTU?
CTU is Contractium's own network currency. It can be compared similarly to Ethereum's GAS. CTU is essential and works as fuel to utilize the Contractium network. While payments of any cryptocurrencies or a business's own token can be used on Contractium, CTU is a must have element for signing a commercial smart contract on the network.
CTU can also be used as a form of payment as well. Similar to GAS, CTU tokens' value will increase as the Contractium network's popularity and usage increases. Contractium will also have a built in optional "cash back" rewards system where CTU tokens can be rewarded as extra incentives for either buyer or seller for creating smart contracts on the Contractium network.
For example, a transactions takes place between two entities. The buyer in the deal may be offered a cash-back reward in CTU tokens on top of the regular transaction, which will automatically be sent with the regular transaction. This may be optimal for loyalty rewards programs to entice users to make purchases, and is an optional feature on the Contractium DApp.
CTU Wallets have already been made and are available for Web-App, Android, and iOS. MAC App, Windows, and Chrome wallets will be available soon.
Contractium Private Sale/Presale/ICO Information
Contractium's private sale is currently in progress and will run til August 8th, 2018.
Pre-sale will begin in August 2918.
Public sale ICO will begin in October 2018.
CTU Token Details:
Type : ERC-20
Mineable : No
Total Supply: 3,000,000,000 CTU
1,500,000,000 CTU Allocated for sale. (Unsold tokens will be burnt)
1,500,000,000 For Reserves For Future Plans
Pre-ICO & ICO Sale : 900,000,000
Contractium Team : 200,000,000
Foundation reserved: 100,000,000
Advisors & Partners: 100,000,000
Bounty & Marketing : 200,000,000
ICO Details:
1 ETH = 15,000
Soft-cap : 2M USD - Equivalent to 3000 ETH
Hard-cap : 10M USD - Equivalent to 15,000 ETH
Learn more about Contractium's ICO
Contractium Company Information / Team and Advisory Board
Company Name : CONTRACTIUM LTD.
Country of incorporation: British Virgin Islands
BVI Company Number: 1980420
Date of Incorporation : 24 May, 2018
Registered Office Address: Unit 8, 3/f., Qwomar Trading Complex, Blackburne Road, Port Purcell, Road Town, Tortola, British Virgin Islands VG1110
Singapore Correspondence Office:
Office Address: 68 Circular Road, #02-01, Singapore 049422
Vietnam Representative Office
31 Han Thuyen Street, Ben Nghe Ward, District 1, Ho Chi Minh City
Postal Code: 70000, Vietnam
Team Members
- Hung Viet Nguyen - CEO and Co-founder. Hung has more than 8 years experience in startups and entrepreneurship development. He has co-owned 2 companies and Vietnam and 5 startups. Hung attended Danang University of Technology and HTW Berlin. https://www.linkedin.com/in/hungkaka/
- Thanh Hai Tran - CTO and Co-founder. Thanh was the Senior Director and CTO of Pypestream, former CTO of CNC Mobile labs and Umbala Labs. He has over 10 years of experience working with many world-class tech experts. https://www.linkedin.com/in/thanhth/
- Thien Quang Nguyen - CPO cum Blockchain Technical Director and Co-founder. Thien earned his computer science degree from the biggest Technology University in Vietnam after opening his first technology outsourcing company. He is now managing the blockchain-tech-team at Contractium to develop products. https://www.linkedin.com/in/thiennq
- Dennis Poh Wei Song - COO and Co-founder. Dennis is an experienced disrector with a demonstrated history of working in the government administration industry. He is skilled in accounting, tax, corporate legal, corporate structure advisory, and corporate governance. https://www.linkedin.com/in/dennis-poh-9693652a/
- Franck Nouyrigat - Founder as Stealth, Partner at recorp.co, Startup Weekend co-founder. https://www.linkedin.com/in/francknouyrigat/
- Douglas Abrams - CEOat Expara and Para IDM Ventures https://www.linkedin.com/in/douglasabrams/
Community Links:
Telegram: https://t.me/contractium
Twitter: https://twitter.com/contractium
Facebook: https://www.facebook.com/contractium.io/
Bitcointalk: https://bitcointalk.org/index.php?topic=4613530.0