The token issuance market is currently dominated by ERC-20 standard tokens issued on the basis of the Ethereum protocol. Credits is a new infrastructure provider acting as a public blockchain platform for tokenization. After 2 years of hard work for development of the company’s product infrastructure, Credits is ready to shine. This is confirmed by the recent official announcement about the upcoming token swap. The process will take place through the KuCoin cryptocurrency exchange and will begin on the 20th of December, 2019.
1 CS ERC-20 token after exchange would be equivalent to 1 CS native coin.
The Credits platform allows businesses to issue financial assets including digital assets, tokens, stablecoins, loyalty points and more. Credits strives to provide highly customized approaches for creating tokens for everyone, in less than 5 minutes.
The Credits platform can be distinguished by the extremely high-speed transactions, low fees, and sophisticated, standalone smart contracts. The blockchain platform ensures a processing speed of around 50,000 transactions per second, as well as a commission of about 0.001 USD per transaction. The smart contracts of the platform have new, advanced capabilities and tools. These characteristics are an added advantage, since commissions for transfers are low, and transfers with tokens are carried out in a matter of seconds, thus making them an ideal solution for payments and transfers. After the token swap, the company plans to open full access to its protocol for its partners to launch several blockchain-based solutions for such markets as Loyalty, Supply Chain and Data Storage.
Currently, Credits developers are working to deliver the integration of the Credits protocol with popular hardware wallets like Trezor and Ledger. This integration is currently underway and will be completed in the first quarter of 2020. Credits has also completed development on its own digital assets wallet and is offering it to users for use on mobile devices, desktop and web.
The prospects of the increase in the number of crypto assets on the market are just as immense as the use of tokens in new financial models. With the rise of entirely new economic models, it will be necessary to issue tokens using customized solutions such as the Credits platform.