Coinerium (CONM) ICO Review
Coinerium is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Price||1 CONM = 1 USD|
|Soft Cap||1,000,000 USD|
|Hard Cap||5,000,000 USD|
More about Coinerium (CONM) ICO:
Coinerium Cash is a stable coin created by Coinerium with an intention to be used on daily basis both for the online and offline transactions. Coinerium in its core is non-bank digital payment gateway based on blockchain designed for building the biggest cashless society in the world.The main goal of Coinerium is to ensure the users can transfer funds in daily life in a simple, decentralized and most importantly safe way.It is faster and more secure than any other traditional payment method, moreover it is not affected by the fluctuations of crypto currencies and has very low transaction fees thanks to the blockchain base.
The main goal of Coinerium is to ensure the users can transfer funds in daily life in a simple, decentralized and most importantly safe way.
Coinerium in its core is non-bank digital payment gateway based on blockchain designed for building the biggest cashless society in the world.The main goal of Coinerium is to ensure the users can transfer funds in daily life in a simple, decentralized and most importantly safe way.
The information that are included in this document is highly confidential and only for the use of the intended recipient. Its use, publication or redistribution without the prior written consent of Coinerium is prohibited.Even though the investment in cryptocurrencies is tempting it involves a very high degree of risk and therefore a high potential for significant losses. It is highly advised that you do not invest money if you cannot afford to lose.
Coinerium is a blockchain based non-bank digital payment gateway for building the biggest cashless society in the world. It is faster and more secure than any other traditional payment method, moreover it is not affected by the fluctuations of crypto currencies and has very low transaction fees thanks to the blockchain base.As a result of the use of blockchain technology Coinerium through witnesses proves that it does not use or give interest. Coinerium is expected to lead the digital transformation of the world.Coinerium Cash is a stable coin created by Coinerium with an intention to be used on daily basis both for the online and offline transactions. One of the biggest problems that Coinerium Cash solves for its users is the fluctuation which is very common among the crypto currencies. Coinerium is a stable crypto – collateralized (decentralized) currency. For insurance it is 150% collateralized. All funds will be in smartcontract with ethereum. If the prices for ethereum fluctuate the 150% will be used in order to ensure that the currency is kept stable. Moreover this project, through the use of high end technology, enables users to have simple and secure way to do transactions.The need for a new payment method which will solve the majority of the current problems of the antiquated banking systems, such as, security, high costs per transaction, difficult transaction process, is very obvious.The Coinerium products are designed with an exquisite interface, advanced data tools for users and merchants alike to disrupt the cash dependent system and also the antiquated banking systems.
What is Coinerium?
Coineri in its core is non-bank diital payent ateay based on blockcaindesined or bildin te biest casless society in te world. The main goal of Coinerium is to ensure the users can transfer funds in daily life in a simple, decentralized and most importantly safe way.
Some of the features which act as a guarantee for the safety of the gateway, and are an inseparable part of the blockchain technology that in fact is the base of Coinerium, are:
The main goal of Coinerium is to ensure the users can transfer funds in daily life in a simple, decentralized and most importantly safe way.
•” Interest is not allowed which means that individualscannot gain funds via interest.
•” Two or more witnesses must approve all debt transaction between twoparties.
For a transaction to go through on a blockchain structure the confirmation of at least three parties is needed. Once it has been confirmed the transaction cannot in any way be rearranged, deleted or modified in any sort of way neither by an individual nor by a central authority.The main objective of Coinerium is to build a vast number of loyal users. Our users will be provided with a wide range of solutions for various types of business needs like plugins for E-commerce, APIs, and point of sale applications with payment buttons for different platforms such as web, Android, and iOS. Our goal is to create alternative payment options for customers and businesses around the world with their ready-to-use solutions such as e-commerce plugins, Bitcoin payment processing APIs, and other payment integration tools.
What is StableCoin?
Over the past two years, there has been increasing interest in blockchain as a technology for data sharing and traceability in industries ranging from shipping to food and even diamonds. There has also been a rush of initial coin offerings, a form of capital raising based on digital assets, with over $20.6 billion raised this year. With these different use cases competing for attention, it is easy to forget that the original application for blockchain technology was Bitcoin, the cryptocurrency described by Satoshi Nakamoto, in the now ten-year old white paper as “a peer-to-peer electronic cash system.” Bitcoin has turned out to be a highly volatile asset. There is no central bank for Bitcoin working to keep its value relatively stable, and the worth of one Bitcoin went from less than $1,000 at the start of 2017 to almost $20,000 in mid-December of 2017 before dropping back to around $6,500 today. The recent volatility of Bitcoin and other cryptocurrencies has made it much harder for them to be actively used as a payment mechanism. It’s difficult to imagine such an unpredictable asset being used to pay employee salaries, buy goods or services, or pay rent. But in addition to those examples, which today are managed fairly well by the traditional financial system, the demand for totally new forms of payment is increasing. Our devices will need to transact with each other, creating “thing-to-thing” payments, to effectively fulfill the function they were designed for, e.g. autonomous vehicles paying for charging, or artificially intelligent processes paying for computing power as needed. The friction inherent in the traditional payments system—the cost and time needed to make a transaction—makes it unworkable for these types of value exchanges. But a stablecoin, a digital asset pegged to the price of the US dollar or another currency, can enable these transactions. It offers many of the advantages of a cryptocurrency but without the volatility associated with Bitcoin.
Crypto Asset-Backed Stable Coin
Crypto-backed stablecoins are also reliant on the backing of another asset, but in this case the collateral is a cryptocurrency like Bitcoin or Ether. This type of stablecoin is less centralized than a traditional asset-backed coin because the crypto assets being held as security can be locked in smart contracts. These crypto assets are not subject to the same vulnerabilities as traditional asset collateral. However, crypto assets are highly volatile, so the stablecoin needs a way to retain its asset backing, and therefore its stability even during times when the value of the underlying assets falls dramatically. Crypto-backed stablecoins are also reliant on the backing of another asset, but in this case the collateral is a cryptocurrency like Bitcoin or Ether.This type of stablecoin is less centralized than a traditional asset-backed coin because the crypto assets being held as security can be locked in smart contracts. These crypto assets are not subject to the same vulnerabilities as traditional asset collateral. However, crypto assets are highly volatile, so the stablecoin needs a way to retain its asset backing, and therefore its stability even during times when the value of the underlying assets falls dramatically. This mechanism has allowed Coinerium to keep broad parity to the US dollar since its creation, even through the large falls in value of Ether also not an issue. Coinerium does allow for the creation of several payment gateway services against their collateral, since there is no direct correlation between the collateral and the stablecoin. Up to now, people have been willing to mostly use stablecoins denominated in a USD equivalent, but if the ecosystem is to keep growing, and if the recent troubles for Tether are anything to go by, then we need an alternative backed by cryptoassets.
In order to ensure the trust of the users and the integrity of the team as a unit a governance structure was defined. The governance structure that was defined is of the Coinerium users and Coinerium management.
The Executive Board members are appointed by the shareholders of the foundation. They guide the foundation with full integrity and moral responsibility. The Executive Board members take into account the benefits of the entire community as well as all the stakeholders of Coinerium.7Coinerium WhitePaper V 2.0The vision of Coinerium serves as the guideline to the Executive Board members. In order to ensure a sustainable growth the Executive Board members, if needed, have a right to make strategic decisions to change transaction fees, cash out fees and the ratios of the revenue share distribution.For the revenue share distribution the Coinerium Foundation has to purchase tokens from the exchanges.The purchase of tokens made by the Coinerium Foundation will positively influence the prices of the token in the market. To ensure that no fraud takes place, no misuse of information and no insider trading happens, all effective security measures and ethical standards need to be implemented by the Executive Board members.The Coinerium foundation works full time. The team is split in different sectors with different levels of authority. The highest authority in operation of the foundation has the Executive board. It is required that they have no less than one meeting per quarter however the number of meetings is not limited to one. They must approve every strategic decision such as budget revision, fund allocation, investment etc.The management team including the managing director and the CFO report directly to the Executive board. They all are tasked with different responsibilities and therefore have different authorities. The CFO reports to the Executive Board for internal control purposes, audit and reporting.The management team is given the task to prepare the annual budget for marketing and operations. Whereas the managing director has the right to spend within the limits of the previously approved annual budget. If a payment over the limit needs to be performed a signature from an Executive Board member and the Managing director is required. In addition the Managing Director has a limited authority over the Power of Attorney.
Trust structure for Coinerium
The blockchain structure allows for a real time audit instead of the traditional audit methods which include providing financial documents. The third party partners are publicly available in order to ensure a trustworthy and secure structure for Coinerium. This two components show that the trust structure of Coinerium is an exquisite use of blockchain.As we previously mentioned Coinerium is a stable crypto-collateralized coin. Banks or fiat currencies will not be used to stabilize our currency. It is 150% ethereum collateralized.
•An automated stability will be obtained with the use of a specialydesignedapplication for fluctuations, moreover it will be fixed with theethereumprice.
•All the funds will be secured in etherum with smart contract. Which inreturnwill create a transparent process where everyone will be able tosee howmuch does the smartcontract contain and thus a trust will beensured.
Coinerium Payment Gateway
The Coinerium payment gateway is created in order to give merchants the freedom to use payment in crypto currencies. With the use of our own stable coin, Coinerium Coin, we create an environment where even if the prices of the crypto currencies experience sudden changes in their value our clients will not lose funds. This makes our payment gateway highly requested solution for a big problem on the market.
What is Payment gateway?
By definition a payment gateway is an e-commerce system that supports retail or other types of sales of services and products, either through the Internet or at a brick-and-mortar shops. Payment gateways handle credit card authorization as a support to point- of sale systems. Traditionally can be located in an entirely digital atmosphere or from in-store tablet systems or other physical point-of-sale systems in retail and other temporary sale locations.
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Coinerium (CONM) ICO Scam or Not?
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