Key Points From Livestream With COO Austin Kimm (October 2020)

Oct 22, 2020
11:10
2 min reading

Choise.com team

Crypterium COO Austin Kimm held a Livestream on October 20th, to give the community an update on our developments and integrations, as well as inform CRPT holders on our plans for the upcoming token swap. Be sure to read till the end, because we have a few surprises up our sleeve.

If you weren’t able to join the Livestream, or you just want to take some notes, you can Re-watch it here!

You can also go the easy route and read the highlights below.

The Kucoin Heist and Crypterium’s Upcoming Swap

On September 26th, attackers gained access to the Kucoin’s hot wallets and were able to withdraw around $250 million in Bitcoin, Ethereum, and other ERC-20 tokens, including 10 million CRPT. This is the largest cryptocurrency exchange hack in 2020.

Cold wallets were safe and hackers had no access to them. Kucoin also announced that all user funds will be returned in full from the insurance fund and they closed the input and output of deposits for 7 days. The exact address where these funds were transferred can be found here:

https://etherscan.io/token/0x80a7e048f37a50500351c204cb407766fa3bae7f?a=0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23

It was essential to isolate the stolen tokens from the assets of CRPT holders, so the Crypterium team came up with a plan on how to prevent stolen funds from getting into the general circulation. We will simply swap to a new contract address and create a new CRPT token.

Crypterium will replace the old CRPT with a new CRPT, which will also be on the Ethereum blockchain. All CRPT will be swapped and the process will take place on exchanges and Crypterium App. Transferring CRPT to the App will automatically swap the tokens and Crypterium will pick up any blockchain fees that incur with moving them to our application. This will not apply to the stolen tokens and there will be no impact on the supply. We encourage everyone to perform the swap as quickly as possible.

Find all details about the swap here: CRPT swap.

Still Moving Forward

Crypterium continues to create innovations and services in order to bring all of your crypto needs into one place. Not only can users buy, exchange, send and receive crypto, Crypterium has also seen success in the launch of plastic and virtual Visa cards. Soon, users will be able to have up to 5 cards for their personal use, each with their own daily and monthly spending limits. Along with our 0% interest loans, there are even more ways to use crypto in your daily life. Crypterium has also applied for a fiat license, with more info coming on that in the upcoming weeks.

Perhaps one of the most exciting recent developments is the introduction of Crypterium’s AI Predictions tool. Crypterium AI Price Predictions is an excellent way to enhance your trading activity by gaining solid knowledge on price action, increasing your chances of entering a winning trade.

This unique feature is able to provide valuable insights on more than 140 digital assets every single day of the year with an average accuracy rate of above 70% and users can now get their first 5 coins predictions free of charge, just to test it out. If you enjoy the service, and we are sure you will, you can choose from 2 subscriptions plans:

Daily: $2.99/Day
Monthly: $60/Month (Save 30%)

To sweeten the deal, we plan on adding an auto-trade function to the tool, making complex trading simple and easy. More on our AI Price Prediction tool can be found here: Crypteriums AI Price Predictions

Partnerships and Integrations

Crypterium continues to grow and expand its partnerships around the globe. With SDK integrations, we are vastly expanding our user base potential, by integrating our application with a 3rd party or creating a new application for them. The process takes around 4 weeks to complete, but it puts our brand design as the 3rd parties application or right inside of their dedicated app. These partnerships are a very important element in the expansion of Crypterium, making our service more accessible.

Special Event

Crypterium is holding a Special Event! Since October 16th, we have been monitoring users’ CRPT balance on a daily basis. Why? For our upcoming incentive, of course!

We are sure that community members will like the surprises that we have in store. Just remember, the more tokens you hold, the better! 😉 More on this exciting event will be announced, so stay up to date on our special event page here: Special Event Landing Page

About Crypterium

Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.

Our goal is clear: With Crypterium, whatever you can do with traditional money, you will do with digital assets.

The team is led by former General Manager of Visa Central amp; Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express, etc.

Crypterium continues to innovate new ways, to provide all of your digital asset banking needs. All in one place, right at your fingertips.