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CRPT Burning: We’ve Turned 100,000 Tokens Into Ashes

July 9, 2019

We’re proud to confirm that over 100,000 CRPT tokens have been burned since the Crypterium Wallet went live for the first time. Isn’t that exciting? Well... we’re just getting started!

As you’ve probably already knew, CRPT is the fuel for all crypto-fiat transactions available on the Crypterium Wallet. In the last couple of months, we’ve added support for cash outs, Crypterium Card top ups and most recently cryptocurrency purchases.

All of these features include a 0.5% fee that’s used to burn CRPT tokens. Of course, that doesn’t mean you need to actually own CRPT tokens. The fee is charged in the currency you’ve selected for the transaction and then used to purchase CRPT tokens. Then we simply put those tokens right into the oven, reducing the circulating supply.

 

Numbers Speak For Themselves

If you aren’t one of those cryptocurrency holders wearing Bitcoin socks and checking CoinMarketCap every single minute, then here is what you need to know: CRPT token has increased over 60% in the last week, moving from $0.25 to $0.40 as of the time of this writing.

 

 

The increasing value of CRPT is logically pushing our market capitalization, which currently stands around $33 million. That said, we’re holding position #162. And it’s only been two weeks since we entered the top 200 by market capitalization.

 

Keep An Eye On The Fire

Crypterium is all about transparency. That is reflected in every service we put out there. The way we burn tokens shouldn’t be any different. To that end, we’ve designed a new section in the Crypterium Wallet where you can access all information concerning CRPT.

The new section goes under the name “CRPT token” (original, isn’t it?) and consists of three sub-modules: why CRPT, buy CRPT, Burning Chart.

 

  • Why CRPT: find a brief, yet comprehensive explanation of the token that fuels all crypto-fiat transactions in your favorite app, as well as info regarding the MLP program.

  • Buy CRPT: this button redirects you to our Buy feature so that you can purchase CRPT at the best market rate available, with the cheapest fee ever.

  • Burning Chart: enter this module to find out how many CRPT tokens are burned and see a detailed evolution of the entire burning process.


 


 

There’s More In Life Than Just Burning...

Burning is certainly an important process when it comes to our token’s performance. But it isn’t the only factor affecting its price. For example, our decision to integrate the CRPT token to Binance Chain is also playing a vital role. Binance is trusted by millions of traders worldwide and being part of its decentralized exchange will notably increase visibility for CRPT.

And since you’re here… Would you like to see CRPT listed on Binance Exchange? Yep. We can do it, but we need your help. All you have to do is visit our listing proposal on the Binance Chain Forum, click on ^ symbol at the end of the post and leave your comment. Easy peasy!

 

About Crypterium

Crypterium is leading fintech startup awarded by KPMG and H2Ventures. Our goal is to ensure anyone can store, send, exchange and spend digital currencies with the same ease as traditional money.

Crypterium is led by the former General Manager of Visa Central & Eastern Europe, Steven Parker, and C-level executives from global financial institutions like Renaissance Insurance, London Derivatives Exchange, American Express, etc.

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