TERRACREDIT ROUND2
ABSTRACT
A truly decentralized payment platform would allow users to send and receive payments without the need for a trusted third party. However, there needs to be an intermediary to manage transactions and prevent double spending. Blockchain and it's use of digital signatures (Encryption) is only part of the solution, the decentralization of network nodes is crucial to ensure long term safety of the network. In both Proof of Work (PoW) and Proof of Stake (PoS) blockchains the longest chain is always followed. In a Proof of Work environment, this system is flawed because of its reliance on computational power.This means that if enough miners and equipment collude they could easily overpower a network. We propose Proof of Stake as a better alternative that does not decide the longest chain based on hash power, instead wallet balance and coin maturity are used to determine the next producer. Unlike the majority of Proof of Stake Blockchains, our producers are more numerous and further decentralized through our coin distribution program and the accessibility of our auto-staking desktop wallet.
VISION
The Terra Foundation’s ultimate vision is to see Credit become a leading Cryptocurrency in the Crypto-economy. One that is functional, developed, widely used, driven by it's users and adapting to their needs.
We see Credit as a viable replacement to cash and a rewarding option that is attractive to new users. We hope that Credit will be a tool of change in the lives of its users, allowing them access to a new financial system that is better for them.
Our vision extends beyond this Golden age of humanity and thousands of years into the future. We expect that the Credit Blockchain will outlive all of its current users and knowledge of its benefits will be passed down from generation to generation.
MISSION
Our mission is to develop Credit into a force unto itself, much like Bitcoin is currently. We have identified several traits that we believe a Cryptocurrency needs to not only be successful, but to achieve mass adoption.
And they are:
Transparency
Decentralization
Sustainability
Security
Feasibility
User friendliness
Integration
Credit was born to embody all of the above traits while still having the flexibility to improve and adapt to an ever changing Financial and Crypto environment.
Another important aspect of the Credit mission and a reason for Credit’s creation is the introduction of Cryptocurrency into the lives of new users.
It’s been proven time and time again that Cryptocurrency is a life-changing catalyst of financial freedom and change in people’s lives, and Terra wants to expose as many people as it can to the benefits of using Cryptocurrency in daily life.
One new user is one step closer to a complete Crypto-world, and at Terra we believe that we have the potential to add a substantial amount of mileage toward this goal.
CREDIT'S USAGE:
Credit has been designed as a digital payment platform, a decentralized solution to cash. Credit's most important function is as a medium of exchange to facilitate digital transactions.
In order for Credit to be a medium of exchange, it must be a store of value. If Credit could not be stored over time and still remain valuable, it would not be adopted as a medium of exchange. Credit is stored in wallets and can be staked to support the network and earn new coins as a reward. This ensures that the storage of Credit generates tangible value to the holder over time.
Within the Terra ecosystem Credit will function as a unit of account, providing a common measure of the value of goods and services being exchanged. This will enable both buyer and seller to make decisions about the value of the goods or services on offer.
International payments are instant and have virtually no cost. The transparency of the Credit Blockchain ensures public accountability of all transactions as every coin can be traced to its creation.
CRYPTOCURRENCY FOR EVERYONE
The Terra-Credit platform utilizes advanced Proof of Stake (PoS) technology to provide users with a new level of convenience and accessibility. Terra-Credit is an open-source, decentralized blockchain-based cryptocurrency with the potential to revolutionize the market. This coin features true fungibility paired with unmatched privacy. Additionally, the Terra-Credit ecosystem includes full community governance, network scalability, and real-world applications.
HOW DOES THE WALLET WORK?
The CREDIT desktop wallet enables everyone, regardless of technical ability, to participate in crypto. The wallet is simple to use and does everything automatically, you just need a computer, laptop or mobile device.
The Advantages of Terra Credit
Now that you know how Terra Credit works, let’s talk about the advantages of owning this cryptocurrency. And this has a lot to do with the many features that Terra Credit has to offer. So, in this Terra Credit review, we are also going to talk about the features of Terra Credit.
All In One Platform
Their platform is designed uniquely and robust where various features are available on this platform so it is very easy for users to do things that give them more benefits than other altcoins, Credit focuses on digital payment platforms that facilitate easier digital and traditional transaction processing they also use the Hybrid Algorithm with combination from Proof-Of-Stake and Proof-Of-Work Algorithm to give users the opportunity to verify the block which certainly gives them rewards when doing so, their Wallet also automatically performs “Staking” Automatically making it more efficient without the need to manage it continuously.
Another important and interesting thing is that Exchange is integrated with the Terrabit ecosystem, making it easier for users to carry out trading activities without the need for complicated steps like the other Altcoins out there. Terra Credit Vision is becoming solution for alternative payments on crypto world that are decentralized that is transparent and of course at a very low cost with various benefits obtained. Their wallet supports a variety of OS systems such as Android, iOS, Windows, Linux, etc. This makes them really serious to become one of the best alternative payment options.
Tokenomics
Token generation Event : 7/2/21
Mint : 175,000,000.00
Target : $11,750,000.00
Distribution : Real time
Locked : Yes Duration : 6 months
Dividend : Yes
Annual rate : 17.5%
Payment type : Weekly Airdrop
Token type : ERC-20 (Sale Token)
Bounty Allocation : 5,000,000.00 (2.5%)
Team Allocation : 20,000,000.00 (10%)
Unsold tokens : Burned
Unswapped tokens : Burned
Post sale Market Capitalization : $55M +
OUR TEAM
DANIELE RONCHESE
FOUNDER (CEO & CTO)
MARCO SIMONETTI
CHIEF FINANCIAL OFFICER
SEUN GEORGE
CHIEF OFFICER OF OPERATIONS
OGECHI NNADI
CHIEF ADMINISTRATION OFFICER
RUSLAN KURBATOV
COMMUNITY MANAGER - RUSSIA
ALIYU ADAM
SOCIAL MEDIA MANAGER
KEVIN OKOYE
COMMUNITY MANAGER
EMMANUEL TSEKPO
COMMUNITY MANAGER
VICTOR OLORUNSOLA
SUPPORT MANAGER - WEB
SHITTU AHMED
SUPPORT MANAGER - TELEGRAM
RIIWAN MOGAJI
SUPPORT MANAGER - WEB
SAMUEL DOKUN
FRANCHISEE - NIGERIA
ENER OCTAVIO BUITRAGO CAMELO
FRANCHISEE - COLOMBIA
Conclusion
Currently there are many alternative payments out there as a substitute for Bitcoin, but there are still many shortcomings such as the long confirmation process and the high cost. Credit might be the answer for all of that. With Blockchain technology that meets the criteria, Terra Credit gives us one of the best choices for choosing alternative payments in the crypto world which is certainly a bridge for traditional ecosystems too (Fiat), I think this is a very good altcoin with the team already experienced, I suggest you do some research and maybe consider credit as an alternative payment option.
Information about Terra Credit, Follow:
- Website: https://terra-credit.com/
- Twitter: https://twitter.com/terracredit
- Telegram: https://t.me/terracredit
- Facebook: https://www.facebook.com/terrabitofficial/
- Whitepaper: https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf
- Tokensale: https://terra-credit.com/wp-content/uploads/2021/01/Token-Sale-Summary-ver-1.448-1.pdf
AUTHOR
Forum Username: Aryasatya Radhitya
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2688240
Telegram Username: https://t.me/AryasatyaRadhitya
Wallet Address: 0xF0816e581E18bbD5d162cE232CE1141f477A203e
