Coinerium’s CONM token is the proposal for daily payments and transactions
Occasionally it is said that Bitcoin is a form of value storage, a payment system or a global currency. In some ways, confusion or disagreement is caused by Bitcoin’s ability to perform all three functions. However, the high volatility of crypto currencies causes risk-averse traditional investors to discard them. Coinerium‘s main objective is to ensure that users can transfer funds on a daily basis via their CONM token without risk of loss and in a safe environment.
The CONM token is the token created by and for Coinerium’s objectives of transferring funds in a simple, decentralized and secure manner. For this purpose, the risks of loss due to volatility are eliminated by anchoring to the dollar. Therefore, each CONM is equivalent to $1 (U.S. Dollar). Today, stable tokens or stablecoins have made a dizzying comeback. After the launch and proven utility of Tether, the crypto space embraces the stablecoins. The advantages are remarkable, when redeeming Bitcoins for Dollar or Euro the operations become slow and expensive; however, with the crypto stable tokens to trade with Bitcoin against Dollar or Euro has gained in ease, and speed.
Coinerium introduces a blockchain ecosystem to replace cash payments; through secure and virtually zero cost transactions in a secure environment. Next, we analyze the project that involves the CONM token in a decentralized ecosystem of payments via blockchain.
Ecosystem features around the CONM token
The Token format is an ERC-20 standard on the Ethereum network, compatible with the most popular and secure network portfolios such as Metamask, MyEtherWallet or MyCrypto among others. Cold-storage purses compatible with the ERC-20 standard are also included. In terms of data privacy, today there are all kinds of tools for tracing financial and other data. With the right tool and a few clicks, anyone can easily predict our actions on the network, from the volume of our transactions to even estimating our approximate revenue or our most personal preferences.
The battle to guess the next product, asset, food or garment in trend is fought on the net. This is why users or businesses may not want their transactions to occur on a fully public or centralized platform. Total transparency can result in a breach of the right to privacy; some data is sensitive to being written down in chains of incorruptible and public blocks. In this respect, Coinerium has devised an ecosystem that respects the financial privacy of users, imitating the privacy offered by cash payments (physical exchanges of currency or notes). The centralization of private data becomes an attack vector for cyber-criminals; in addition to diluting trust, it can lead to misuse of third party data.
Coinerium’s wallet is also available for mobile. In addition, connoisseurs of the blockchain industry, a customer service support will be established. Administrators will have public accounts for easy location by users. Focused on the loyalty of new users by addressing problems, questions and incidents that users may have. The process is as simple as downloading the application and registering the telephone number.
Merchants and retailers will have a global, fast and stable payment system
In the Coinerium ecosystem traders are defined as companies that accept payments in CONM tokens in exchange for their products or services. Together with individual users, they are the backbone of decentralized communities. In this sense, market makers have their place secured in Coinerium after an initial approval. To develop Coinereum’s cashless community, a Software Development Kit (SDK) has been introduced. Any vendor who downloads and configures the SDK can accept payments in CONM tokens.
Merchants will have two main categories on the platform (Standard and Approved). Standard Merchants, which are merchants who use Coinerium only as a payment intermediary and will not charge your Coinerium. Approved Merchants are merchants who meet the necessary requirements. Requirements established by the foundation to be able to charge in any currency since the foundation, with a minimum limit of 1000 Coinerium. An average commission of 5% will be taken by the foundation.
Details and specifications on token distribution
The CONM token is part of the recent category of stable tokens (Stablecoins), it has been configured so that its value is anchored to the price of the U.S. currency. One detail that has caught our attention is the proportion of tokens available for the acquisition of investors, 70% of the total issue. This results in a low capitalization on the part of the founders decentralizing the distribution to the maximum. The minimum collection is set at $1,000,000, while the maximum is set at $5,000,000.
ICO Starts April 30 2019
As can be seen in the documentation, (70%) are tokens available for acquisition in the different stages (pre-sale and initial sale). As an ERC-20 token, investors must have a compatible address for the Ethereum network. The remaining 30% will be allocated to three groups formed by Advisors (advisors and/or commercial), Team and Rewards/Airdrops; each of them has been allocated 10% of the total respectively . For more detailed information on the initial sale and the conditions of participation we recommend reviewing the technical document. (Whitepaper).
The total amount of Coinerium in circulation will be insured in an smart contract (150% guarantee deposit in Ethereum). As a result of recent money laundering concerns, individual users will not be able to collect through the foundation; they will be able to exchange the Coinerium CONM token on exchanges. As mentioned above, only selected and approved traders in the system will be allowed to convert their Coinerium into trust currency. If you would like to learn more about Coinerium you can visit the social networks or the website for more details and updates.