Ƙred Coin is a new class of digital asset for sharing and connecting, powered by Blockchain and SocialOS. Together with the Crypto.Ƙred application, it is designed for giving, tracking and playing. It is based on:
Stellar is fast and with no additional cost. ERC20, ERC721 and IPFS tokens can be traded on Stellar. If you want to trade on the Ethereum blockchain, that trade costs gas. “Gas” is the processing cost of powering a transaction on Ethereum. You can write your transactions to the Ethereum blockchain if you pay the gas. If you wish to store your Ƙred Coin transactions on the Ethereum network, we pass on the gas fee.
CƘr is the base currency (ERC20 protocol) that powers Crypto.Ƙred.
There are a few ways you may have received your CƘr:
Now that you have some CƘr, you can:
If you fail your KYC verification or cannot comply with our KYC procedures or your CƘr or Ƙred Coins are locked, you will not be able to withdraw or export your CƘr or Ƙred Coins from the Crypto.Kred application.
Gift Minted Coins that have a unique theme. Gifting it to members on the Crypto.Ƙred platform could be a way to start maximizing your Coins social value.
The amount for which you might be able to sell your Coins on the Marketplace will depend on what other Members are willing to pay for your Coin.
The Crypto universe is constantly changing with new technologies and government regulations around the globe.
One of the purposes of such regulations is to increase vigilance and safeguards against illegal money laundering (AML - Anti Money Laundering) using digital currencies.
Companies like Crypto.Ƙred who help trade between virtual and fiat currencies are required to do client due diligence (otherwise called Know Your Customer, or KYC) in certain regions.
To complete our KYC process, you are required to submit the following:
Crypto.Ƙred has applied for Austrac registration and are in the process of applying for Fincen registration. We are fully committed to be 100% compliant with KYC requirements.
This will provide assurance in the transparency of our internal processes and sustainability of our operations.
Not completing the KYC compliance process will limit your ability to use Crypto.Ƙred in the following ways: