Batu Permata: CARATZ

Bridging the gap between Cryptocurrency and Social Media

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.

Additional Features

Users are able to trade ERC-20 tokens directly for goods, services, or even different tokens with other users utilizing the Caratz platform. Within the core module, users can choose a number of ways to interact with the Caratz ecosystem:

Hosting Transactions in Public Channels or Groups This includes Giveaways, Lotteries, and Pooling, which include interactive options that can be extended outside of the Caratz ecosystem.
Tipping Bots A tipping bot can be added to groups to allow users to instantly tip other users in Caratz tokens. Users may also privately tip through the bot.
Caratz Powered Polls Users can create polls that require users to expend Caratz tokens to vote. The Caratz team will also be hosting Caratz community polls to allow the community to decide which updates or features they would like to see implemented into the ecosystem.
Marketplaces Users can host a number of escrows on their group or channels to essentially create a marketplace for tokens, goods and/or additional services. Consumers can purchase documents, photos, and information directly from these contracts.
Premium Groups/Channels Access to certain groups and channels can be moderated through the Caratz ecosystem. Initial access fees and subsequent subscription-based models can be tracked and enforced automatically.
Deployment of Smart Contracts These deployed Smart Contracts can function as ‘multi-signature’ accounts, manage agreements between users, provide utility to other contracts and even store information.
Peer-to-peer Interaction and Direct Offers Users can make their own custom escrows using the Caratz ecosystem as their third party, eliminating any room for error that exists in traditional escrows.

What exactly is Cryptocurrency?

Cryptocurrency is a distributed digital currency similar to digital money. These are designed to be purchased, exchanged, and used for various services. Although this is a completely intangible form of currency without physical representation, it runs on and on thousands of computers, their primary goal of making financial transactions transparent and accessible to everyone.

But what makes this digital currency special is how it implements cryptography and decentralization. By removing the need for a central authority, it validates the transaction in a distributed manner and presents it publicly on the public ledger. This distributed network also allows for fast and direct transactions between parties that can be processed in minutes.

Cryptocurrency is often referred to as a coin or tokenized asset and stored in a digital wallet used to manage payments. Each wallet is protected by a private key – a special encrypted password – known only to the author. You can send or receive funds simply by sending transactions directly from your wallet. Like cash, you can spend the money you want, but digitally.

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 wallets and transactions made through their social media applications. These include Telegram, Facebook Messenger, Whatsapp, WeChat, Discord, and Twitch.

Making integration and use easy, it offers full escrow function 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 an in-house Caratz exchange for such ERC-20 trading partners as CRTZ / ETH without ever leaving their social media applications. The Caratz exchange offers an ETH withdrawal fee at 0.003 ETH and unlimited 0.100% trading fee on withdrawal. Users took part in the Caratz-powered voting to introduce additional trade tides at Monthly Community Caratz Polls.

Escrows

Escrows are contracts in which funds are assigned to control an independent third party and licensed 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 today’s cryptocurrency communities because of the lack of formal regulation and solutions to address this issue.

Tokens

Caratz is the primary token that will be utilized by the exchange and transaction platform. A permanent fixed quantity of 125MM Caratz tokens will be issued, with 20MM frozen until 2019. Caratz will be run natively on the Ethereum blockchain as an ERC-20 token.

125 million CRTZNew tokens will never be created.

1 CRTZ = 10 centsEngineered for the connected consumer.

ERC20 TokenPowered by the Ethereum blockchain.

Token Allocation

Roadmap

Q1 2018

Official Website
ReleaseAlpha Platform
ReleaseToken Sale

Q2 2018

Full ERC-20 Token Support
Full Language Support
Community Listing Voting

Q3 2018

Exchange Market Release
Subscription Trackers for Channels
In-House Bulletin Release

Q4 2018

Decentralized Exchange
Cross-Platform Transactions
Direct ERC-20 Wallet Support

H1 2019

WhatsApp Integration
Wechat Integration
Facebook Messenger Integration

H2 2019

Platform Decentralization
Loopring Protocol Implementation

Team

Gabriel Govinda: Advisor

Danish Chaudhry: Advisor

Zhang Zhengyang: Chief Platform Architect

Wang Zhangwei: Network & Security Expert

Samuel Xie: Platform Architect

Jackie Xu: Information Systems Expert

Liu Wenxin: Blockchain Platform Architect

Batu Permata

Jumat, 13 April 2018

CARATZ

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