Photo - TerraCredit (CREDIT)
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TerraCredit (CREDIT)

Decentralized Blockchain Platform Where Gas Fees 0.01$

South Africa
Market: Internet and IT, Financial services, Blockchain, Crypto currency, Mobile applications
Stage of the project: Operating business

Date of last change: 15.12.2021
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Idea

How do you look at the fact that the transaction cost (fee) of your token will be equal to the value of 0 for life?

Credit blockchain uses EVM and our CRC20 and CRC721 smartcontracts are like for like replacements to ERC20 and ERC721 respectively. You have a number of tokens minted on ETH chain and those tokens could be replicated in no time using the same original bytecode. No changes needed. Your users benefit from fee sunder $0.00002 for the foreseeable future. Essentially anyhting you are doing on ETH chain can be replicated on Credit for 0 cost!

Current Status

Almost all the functionality is ready, it is actively traded on several exchanges. The plans only include modernization and improvements in the future! You can find out everything through the site!

Problem or Opportunity

We have solved the GAS issue that plagues smart chains, but we have solved it in a unique and clever way. We have ensured that creating, managing or even using a smart contract on the credit smart chain will remain under $0.01 for the foreseeable future. We also use solidity and EVM so our bytecode is the same bytecode as ETH, BNB, Tron, and others.

Currently, credit is also 7x faster than ETH, but when you compare the costs. Credit is the only one that for at least 10-20 years if not more will remain under a cent. This is already real since September 1st, 2021.

So what we propose is that existing projects that find themselves burdened by GAS fees, can almost instantly, move a section or the entirety of their token supply onto the credit chain by replicating their smart contract from ERC20, BEP20, TRC20 into CRC20 format. They can mint a portion or all of their supply on the CRC20 token and burn the expensive ones on their previous network.

We have a free web wallet for users with token support, it’s functionality would remind you of a wallet like MEW but more things are done automatically in our web wallet. Apart from being decentralized it’s also a full feature, you can create, mcall, or manage a smart-contract via the web wallet, it has a “no coding needed token wizard” for people with no experience and finally, it supports NFT and allows anyone to easily min NFT’s via the web interface. It’s pretty amazing and is just a part of the ecosystem we have created.

We use POS staking to support our chain and transactions are instant. Our stakers need balance to create staking power as it is competitive and hardware has no impact whatsoever, in fact, a large % of our nodes are desktop wallets in developing countries. Credit is extremely decentralized, always has been, in 2019 we had over 20,000 solo stakers and we have grown since then. The point is we have also made earning from crypto easy as pie and accessible to anyone with a basic pc or laptop. We have very low emission and the current stakers are long-time holders with no intention of selling anytime soon and the supply of new coins is literally controlled by them.

We always try to cultivate a sense of value when we are imparting knowledge, our project has very strong roots in the unbanked community throughout the developing world. We have five companies in as many countries and multiple national offices all over the world, we offer a physical location for our users to seek one-to-one real person support. This is the most effective way to improve the rate of mass adoption and we have led the way in this area since 2018.

When I say we are uniquely positioned I am not kidding, we have feet on the ground talking about credit and the benefits of blockchain. This is echoed even further when you consider that our holders number in the hundreds of thousands, in almost every country in the world.

People who don’t even use Facebook or know how to send an email, these salt of the earth hold Credit.

Solution (product or service)

We have had an amazing ride, we have developed 3 working marine net blockchains, including a DAO and smart chain. In fact credit kind of makes a mockery of almost and largely funded projects. When you look at project generated supporting ecosystems, well we have done it 3 times and each time more advanced.

We are fast and have literally no cost, any ETH or BSC project can copy and paste either source code and replicate their project instantly on credit for $0.00 and their users will pay $0.00 for transactions. We have designed credit to be the new home of defi, nft and smart contracts as a whole and we have made it as easy as possible for projects to move over. We have created the support needed for their community with wallets and explorers etc. The single thing that makes us unique is our community, you won’t find a more passionate bunch. No fees and being 7x faster than our major competitor also helps a little.

Competitors

Unparalleled in the world!

Advantages or differentiators

Speed, ease of use, almost zero commission even after scalability, security!

Money will be spent on

Promotion, implementation, launch of new markets, product price increase, marketing

Offer for investor

The investor will receive the acquired coins of the project in which he invests with a 1000x increase in price in the long term!

Risks

Zero since the project is developing without third-party investments, but to speed up the investment implementation process, it is preferable!

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Photo 1 - Decentralized Blockchain Platform Where Gas Fees 0.01$
Photo 2 - Decentralized Blockchain Platform Where Gas Fees 0.01$
Photo 3 - Decentralized Blockchain Platform Where Gas Fees 0.01$

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