Bitcoin
Bitcoin$50 342.38

0.56%

Ethereum
Ethereum$3 932.62

2.63%

Binance Coin
Binance Coin$602.84

-0.03%

Dogecoin
Dogecoin$0.524513

27.68%

Cardano
Cardano$1.89

13.97%

Tether
Tether$0.999881

-0.03%

Price predictions

CodeTract – ICO Detailed Information


ICO CodeTract
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start July 1, 2019
End July 31, 2019
Rating 1
Status
KYC Yes
Founded
Categories Auction
Platform
Whitepaper No
Discussion
Countries

Get Tokens Now

CodeTract Overview

ICO description, Technical Details and Documents

ICOs are once again gaining popularity, as the crypto winter of 2018 finally ended a few months back. While the ICO model did not exactly go extinct as many were assuming it would, this particular token sale model became very rare, and not at all trustworthy.

But, things started to change once again, and with rising prices, the popularity of new altcoins continues to surge. As a result, more and more Initial Coin Offerings are being held even now. Some of them already took place, and many new ones are scheduled to occur in the future.

However, there are also multiple projects that are in their earliest stages and are currently only being announced. CodeTract is one such project.

About CodeTract


CodeTract is an Ethereum-based smart contract auction platform that allows its users to exchange tokens. The project sees tremendous potential in Ethereum, which is why it will allow settling daily transactions, high price efficiency, low counterparty risk, high volume transacting, no frequency bots, and more — all within the ETH ecosystem.

Further, the project believes that average users might need help getting into Ethereum's network. By helping the users enter it with ease, the project's team hopes to achieve mass adoption or at least contribute to achieving it. It plans to launch two different coins, both stablecoins, and both resistant to volatility. USD Token (USDCT) is fully backed by the USD, while Gold Token (GCT) is backed by physical gold.

The use of the platform will be extremely simple, and users would simply have to enter the amount they wish to buy or sell, and click the button.

CodeTract ICO


As coins are developed on Ethereum's platform and are designed to be used in Ethereum's ecosystem, they will be ERC-20 tokens. They are designed to be used as utilities, and their country of origin is Singapore.

To participate, investors will have to go through a KYC procedure, which is standard procedure, as experienced investors undoubtedly know.

So far, there is not much else known about the project's ICO, as it has yet to be announced. Not even the date is known now, much less the details such as soft and hard cap, possible restricted areas, or even the project's preICO stage. However, the project is coming at some point in the future, and investors who might be interested in the coin are advised to take this time and study the project, its' white paper, goals, and more. It is always best to know what you are investing in before making a commitment, as ICOs are still highly risky, even today.

Thoughts on the project


Risk is the right word for projects like this, as there are plenty of them when it comes to using gold-backed ETH tokens. As many undoubtedly know, there is no reversing blockchain transactions, and sending payment already requires users to be careful. When it comes to gold-backed coins, users need to be even more careful.

But, the use of Ethereum blockchain currently sees a lot of competition from other projects, many of which are trying to become more efficient. Even so, there is a certain dependence on the purpose of Ethereum with multiple blockchain ventures, which are using it at the core even now. In other words, CodeTract does have significant potential to attract new users and drive adoption further.

While this is by no means a new effort, and there are other similar projects that are focusing on ease of use, CodeTract might become one of the leading ones if it plays its cards right.

Author: Ali Raza for: Crypto-Rating.com

CodeTract Milestones

* Crypto Rating accepts no liability for any errors in the CodeTract ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.