What is Caratz project?

What is Caratz project?

Caratz is a transaction proxy & cryptocurrency exchange to enable cross-platform token transfers, directly via social media. It will support a number of ERC-20 tokens along with Caratz, and allow users to make transactions without ever leaving their social media applications. The Caratz platform can also be used to trade cryptocurrency pairs, integrated into a decentralized exchange.

Caratz will also have a whitelist for markets and channels to share posts and advertise products. The registry will be supported by the Caratz token, allowing creators to burn their tokens, and users to allocate tokens to improve credibility ratings.

Caratz 's Feature

Users are able to trade ERC-20 tokens directly for goods, services, or even different tokens with other users utilizing the Caratz platform. Within the core module, users can choose a number of ways to interact with the Caratz ecosystem:

• Hosting Transactions in Public Channels or Groups This includes Giveaways, Lotteries, and Pooling, which include interactive options that can be extended outside of the Caratz ecosystem.
• Tipping Bots A tipping bot can be added to groups to allow users to instantly tip other users in Caratz tokens. Users may also privately tip through the bot.
• Caratz Powered Polls Users can create polls that require users to expend Caratz tokens to vote. The Caratz team will also be hosting Caratz community polls to allow the community to decide which updates or features they would like to see implemented into the ecosystem.
• Marketplaces Users can host a number of escrows on their group or channels to essentially create a marketplace for tokens, goods and/or additional services. Consumers can purchase documents, photos, and information directly from these contracts.
• Premium Groups/Channels Access to certain groups and channels can be moderated through the Caratz ecosystem. Initial access fees and subsequent subscription-based models can be tracked and enforced automatically.
• Deployment of Smart Contracts These deployed Smart Contracts can function as ‘multi-signature’ accounts, manage agreements between users, provide utility to other contracts and even store information.
• Peer-to-peer Interaction and Direct Offers Users can make their own custom escrows using the Caratz ecosystem as their third party, eliminating any room for error that exists in traditional escrows.

Why Caratz?

Making integration and use easy, it offers full escrow function and support for more than 20 languages; users can even trade for other cryptocurrencies through an integrated decentralized exchange. Additional features include community-based voting for future platform development, online market creation, and crowdsourced whitelist list.

Exchange

Users can use the Caratz exchange in-house for ERC-20 trading partners such as CRTZ / ETH without ever leaving their social media applications. The Caratz exchange offers an ETH withdrawal fee at 0.003 ETH and a 0.100% trading fee is not limited to withdrawals. Users took part in the Caratz-powered voting to introduce additional trade tides at the Monthly Community Caratz Polls.

Escrows

Escrows are contracts in which funds are assigned to control independent and licensed third parties to protect buyers and sellers in a transaction. Users can send requests to other wallets for exchange of funds or information. After reviewing the offer, the selected party will respond. There are about 30,000 cybercrime victims who lost Ethereum averaging $ 7,500 each launch. These statistics continue to increase every year. Scam artists and thieves are rampant in the current cryptocurrency community because of the lack of formal regulation and solutions to solve this problem.

Token Sales and Distribution

Caratz is the main token that will be used by exchange and platform transactions. A total of 125 MM Token Caratz will be issued, with 20MM suspended until 2019. Caratz will run naturally in the Ethereum blockchain as the ERC-20 token.

125 MM Token caratz will be made in total. Of these, 25MM will be locked until 2019 for developers, with 5MM others reserved to cover operational and funding costs for developers and promoters. 95MM Token caratz will be distributed for the use of platforms in the following order: First, during Personal Sale, 20 MM will be sold to private investors. Then, 25MM will be sold in Sale Pre-Token, where the referral program will be launched. Users will receive a reward for referring others to Caratz, which drives the growth of the user base. After Sale PreToken, the 25MM token will be sold on Token Sales, when the user will be given the ability to trade the Caratz token. Finally, the 25MM token will be flown to Caratz account holders.

For more information visit the link below:

Website: https://caratz.io

Telegram: https://t.me/CaratzChat

Twitter: https://twitter.com/CaratzTeam

Media: https://medium.com/@caratz/

Author: tinhkhuat

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