Overview

NCRYPTO.IO is a tool used to simplify and economically optimize interactions between businesses and individuals.

Project stage

Only a whitepaper

Detailed description

NCRYPTO.IO is a tool used to simplify and economically optimize interactions between businesses and individuals, rather than offer another way of crowdfunding or running so-called ICO (Initial Coin Offering). NCRYPTO.IO is being presented a mass-market product that can simplify the engagement of massive numbers of users into capabilities that the Cryptoeconomy gives.

The platform has its own multicurrency exchange. It avoids the need for double / triple conversion and exchanges one crypto currency for another or for fiat, using, for example, a dollar account. In this case, the network itself will select the optimal exchange rate.

NCRYPTO.IO platform, and its legal body NCRYPTO Networks OU, operates in a 100% legitimate framework, letting its users issue crypto assets and make crowdfunding their projects in the same way. NCRYPTO.IO platform insures that all operations of fiat transfer are done through KYC procedures (know your client) according to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) § 70 Estonian FIU.

Problem

Problems of the existing crowdfunding solutions:

Ethereum

  • No crowdfunding smart-contract or require significant technical expertise to write and deploy them
  • Not integral — someone still needs some extra add-ons as back-end to manage other currency contributions or fiat gateways and to integrate all together
  • Expensive — need ICO experts/ advisers to make a smart contract/payment module/integration

Waves

  • No crowdfunding smart-contract or require significant technical expertise to write and deploy them
  • No token exchange listing (during crowdfunding and after ICO listings)
  • No multicurrency including fiat support (networks/platforms support one-two & almost never fiat)

Stellar

  • No crowdfunding smart-contract or require significant technical expertise to write and deploy them
  • Expensive — need ICO experts/advisers to make a smart contract/payment module/integration
  • No token exchange listing (during crowdfunding and after ICO listings)
  • Not integral — someone still needs some extra add-ons as back-end to manage other currency contributions or fiat gateways and to integrate all together
  • No multicurrency including fiat support (networks/platforms support one-two & almost never fiat)

Solution

Ncrypto is a multicurrency tokenization platform, or integrated ledger / exchange / payment system that lets businesses and individuals easily secure, and cost effectively issue/exchange/trade crypto assets, both in Ncrypto`s and in external exchanges.

Ncrypto Wallet is a free, open-source, client-side multicurrency interface that allows one to interact directly with the blockchain, while remaining in full control of keys & funds.

Available as a web app and also has native Android and iOS apps. Smart and secure way to send and receive payments. Anti-fraud measures, support for operations with multiple transactions, build-in Exchange.

Features

Decentralized Network
A decentralized network consists of peers that can run independently of each other. The power to transmit information is distributed among a network of servers, instead of being driven from one primary source. The NCRYPTO network does not depend on any single entity. The idea is to have as many independent servers participate in the NCRYPTO network as possible, so that the network will still run successfully even if some servers fail.

Money Transfer
When performing money transfers or currency exchange transactions, all transactions are recorded in a single ledger, but distributed on all computers of the network (the so-called ledger). The server initiating a transaction, in an arbitrary order, decides which nodes to entrust confirmation of a package of transactions or smart contracts.

Multicurrency Exchange
The platform has its own multicurrency exchange. It avoids the need for double / triple conversion and exchanges one crypto currency for another or for fiat, using, for example, a dollar account. In this case, the network itself will select the optimal exchange rate.

Module for the initial offering of tokens
A special feature of the platform is the availability of a separate module for the initial offering of tokens on the exchange for a more visual and simple "crowdsale". The business logic of the token or the rules of the "crowdsale" is formed by simply selecting the limiting conditions.

Token prospectus
The additional block-the token prospectus-makes it easy to integrate the created token, the rules of carrying out "crowdsale" with the project's web page, and serves as a gateway for investors for carrying out payments by both crypto and fiat currencies.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : NCR
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 52,000,000 NCR
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 NCR
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :42,000,000 NCR
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BCH, BTC, ETH, FIAT, LTC,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    All unsold and undistributed tokens will be burned.

      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Active
    01 Oct 00:00 UTC
    0.3 USD No - Uncapped 48,500,000 NCR
    Private Pre-sale — Ended
    28 May 08:00 UTC
    0.3 USD No - Uncapped 3,500,000 NCR
    • Team

      • Sergey Nemesh photo
        Sergey Nemesh
        CTO, co-founder
      • Dmitriy Pavlov photo
        Dmitriy Pavlov
        CEO, co-founder
      • Alexey Chepelyk photo
        Alexey Chepelyk
        Business development, co-founder
      • Alexey Zinchenko photo
        Alexey Zinchenko
        SMB segment development, co-founfer
      • Andrii Bulavinov photo
        Andrii Bulavinov
        Blockchain developer, co-founder
      • Dmitry Bezkorovainyi photo
        Dmitry Bezkorovainyi
        Blockchain/IOS developer
      • Svetlana Turobova photo
        Svetlana Turobova
        Legal
    • Advisors

      • Oksana Tjupa
        Fundraising adviser
      • Alexey Tolkachov
        Social projects adviser

    Roadmap

    • Sep 2017
      Concept development

      Ncrypto Network was released as new blockchain concept to crypto community. The concept was based on the ease of use and accessability of crowdfunding tools.

    • Nov 2017
      Start of Ncrypto development

      We started our development process from careful writing of technical specifications and use cases of Ncrypto platform.

    • May 2018
      Alfa version release

      The release will contain fully functional wallet, stable version of blockchain users will able to send and receive transactions, create wallets.

    • Jun 2018
      Payment gateways intergration

      Integrate cryptocurrency and fiat gateways. NCR can be purchased for BTC, ETH, USD, EUR.

    • Aug 2018
      Platform Beta Release

      The fully functional beta release will contain Ncrypto ledger, wallet, exchange, token prospectus, crowdfunding business logic.

    • Apr 2019
      Public blockchain highload release

      Highload blockchain with 3-5 sec transaction speed, 1000+ tx/sec with 1 billion accounts.

    Activity