Caratz

Caratz proxy transactions & cryptocurrency exchange

What is Caratz?

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.

A user like you or I can open a number of social media applications (Telegram, Facebook Messenger, Whatsapp, WeChat, Discord and Twitch) and access our wallets that support a number of different ERC-20 assets. Users can then make transactions with each other, or trade currencies with other individuals.

Let's say that certain individuals want to trade tokens and files with one another. Using Caratz's built-in escrow system, both users can review their trades before both parties confirm and push orders through. The Caratz ecosystem allows users to have secure and secure transactions, a major problem in the current cryptocurrency.

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.

the majority of cryptocurrencies are built in Ethereum, a leading blockchainbased distributed computing platform. Launched with its own Turing-complete Solidity language, Ethereum features smart contract functionality that supports the creation of decentralized decentralized organization (DAO) and decentralized applications (DApps). Ethereum provides a convenient token development platform for companies to host initial coin offerings (ICO). These key features have led to a spectacular rise in popularity as most adopt the blockchain ecosystem, with over 22,286 ERC-20 token contracts being made into dates. Despite the widespread adoption, the number of important issues in the Ethereum network has not been resolved.

For the adoption of cryptocurrency to succeed, its validity as currency must be proven through implementation. Unfortunately, most of the best popular cryptocurrencies are blocked by slow transaction speeds, expensive fees, and frequent mainnet errors. Even basic wallet settings require complicated software installation accompanied by confusing user interface. This limitation makes cryptocurrency very inefficient and impractical compared to traditional fiat, negating their utility as currency. Third world nations, most in need of alternative payment methods, are consequently banned from adoption and have no choice but to use local fiat. The main demographic most in need of adopting this technology can not use it.

Caratz focuses on solving major problems in cryptocurrency space.

Caratz offers:

• Platform support for more than 20 languages

• Cross-platform interaction across various social media platforms

• Completely decentralized exchange (DEX) integration

• Driven by the voting community for future development platforms

• Online market of making and hosting

• Catalog resources supported by token allocation

• Traditional Escrow transactions shared 1-to-many hosting escrow in public forums

• Free in-house transactions are faster than traditional ERC-20 transactions and still function even when the Ethereum network is stuck

• Users of a simple and accessible interface that allows users to adopt cryptocurrency without technical blockchain knowledge

How did Caratz fit into the big picture?

All of this is made easy via the Caratz platform. Caratz's biggest selling point is its easy access, offering users direct access to their wallets and transactions through their social media applications. These include Telegram, Facebook Messenger, Whatsapp, WeChat, Discord, and Twitch.

Making integration and easy to use, it offers full functionality 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.