Kred Coin is a new class of digital asset for sharing and connecting, powered by Blockchain and SocialOS. Together with the Kred Coins application, it is designed for giving, tracking and playing. It is based on:
A Kred Coin is not a cryptocurrency - it is a non-fungible collectible crypto asset. Each Coin derives value from the Moment it represents, its Circulation Trail and the social capital that comes with holding, trading or gifting the Coin.
Unlike ICO's or Security Tokens, Kred's CƘr is a Stable coin pegged against the US Dollar ($). A “stable coin” is pegged to another stable asset, like gold or the U.S. dollar but is not tied to a central bank and has low volatility. This allows for practical usage, value based pricing and avoids speculative market fluctuations.
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.
No - Kred Coins are a Non-Fungible Digital Asset and are not a Cryptocurrency. There is no Kred Coin ICO.
Kred's fungible ERC20 utility token is called CKr.
We believe utility tokens should be stable. Short-term stability is important for transactions and long-term stability is important for holding. CKr is pegged against the US Dollar and can currently be purchased at the exchange rate of 1USD = 1CƘr (Jan 11, 2019 - Subject to change in future).
To understand why CryptoCurrencies have value one must understand what gives them Value.
The following are some of the drivers of cryptocurrency prices:
Many Brands are finding that reaching their customers and leads is becoming more difficult - People aren’t opening emails and have become trained not to click on ads.
Branded Kred Coins are a disruptive technology to help Brands cut through.
Create your Brand's own digital collectibles and give your leads and existing customers something worth real value that carries the message of your brand.
There are some important differences between your Brand's customized Coins and Bitcoin:
One of the benefits of creating and sharing your Brand's own Kred Coins is that it helps build your Contact list.
Every Coin that you create is a network, and as that Coin changes hands between your customers or leads, they are added to the network.
PeopleBrowsr's Engagement Center provides CRM style visibility into each of these networks, displaying each Contact's card, including for example, their:
Much like the internet helped stores evolve from brick-and-mortar physical locations to e-commerce, the introduction of Blockchain is helping facilitate the evolution of branded collateral from stressballs and fridge magnets to digital coins and collectibles.
Every Kred Coin's base value is facilitated using the ERC20 protocol.
ERC20 based cryptocurrencies are supported by most exchanges and Kred's CƘr may soon be able to be traded on these platforms.
Once you create a Coin using your CƘr, the Coin:
CƘr is the base currency (ERC20 protocol) that powers Kred Coins.
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 Kred Coins application.
Gift Minted Coins that have a unique theme. Gifting it to members on the Kred Coins 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 Kred Coins 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:
Kred 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 Kred Coins in the following ways:
Yes. Giving a Kred Coin is an act of Outreach and is rewarded by boosting your Kred Outreach Score by 10 Pts.
Receiving Kred Coins as a Gift boosts your Kred Influence Score by 10 pts.