How CRYPTonFly works?

About CRYPTonFly

CRYPTonFly is the Method and System of motivation and incentive of a person to behave actively in the real world by rewarding him with the coins of CRON cryptocurrency for specific activities that could be authentically calculated and verified by means of smartphones and other telecommunication devices.

CRYPTonFly System consists of the set of online services that includes the mobile app “CRYPTonFly”, the website https://cryptonfly.com/, the exchange and the payment system that are currently under development and testing. The CRON cryptocurrency will be issued with the strictly limited emission to ensure project operation. The advertisers would create the demand for the CRYPTonFly cryptocurrency (CRON). They will purchase CRON at crypto-exchange and pay users the agreed incentive for the specific premium activities.

The advertisers (retail chains, fast food chains, etc.) could define premium activities and set the amount of incentives by buying CRON on crypto-exchange and setting “price” for visiting its shops, café, retail chains, fast food chains, etc. CRYPTonFly project is planning to collect interest on every premium activity.

CRYPTonFly team is working on universal decentralized open-source platform based on Etherium blockchain. A user could create own applications and business projects on the base of that platform, for example — crypto-projects for creation and monetization of the new daily activities and loyalty programs in the real world with the ability to reward other users for performed premium activities using CRON cryptocurrency.

Stage 1. Human Activites (FIG.1)

CRYPTonFly makes initial CRON cryptocurrency emission [1] limited to 200 mio. CRON coins. Miners [2] that are regular user could earn CRON by performing different premium activities [3] in their daily life. CRON coins issued at initial emission are traded [4] on crypto-exchange [5]. Advertisers and suppliers of goods and services [6] could define some premium activities [7] for the miners [2]. Advertisers and suppliers of goods and services [6] will buy [8] the required amount of CRON cryptocurrency on the exchange [5]. The mobile app [9] will calculate premium initiatives [10] for the performed activities [3] and submit payments [12] in CRON coins directly to the miners’ wallets [2] using the payment system [11]. The miners [2] could spend earned CRON coins in shops or sell it [13] on crypto-exchange [5].

Stage 2. Decentralized Blockchain PLatform (FIG.2)

Third-party developers (users) [2] could create own applications [3] and business projects for monetization of some new activities and loyalty programs in the real life using decentralized blockchain open-source platform [1]. The miners (users) [4] could use application [3] to create new daily activities [5] in the real life. Third-party developers [2] could reward [6] miners (users) [4] for performed premium activities [5] using CRON cryptocurrency [7].