Crypt-ON - a multiservice p2p platform to provide safe and secure transactions based on smart contracts. Besides the escrow service, the Crypt-ON ecosystem includes a p2p lending service, a crypto freelance marketplace and a p2p local crypto-exchange. Crypt-ON is aimed at a wide range of users — from beginner crypto-enthusiasts and freelancers to marketplaces and managers of blockchain projects.
Using a variety of Crypt-ON services it will be easy to buy and sell goods, apply for loans, look for work or hire professionals and to exchange cryptocurrency for fiat. All operations of the platform users are stored in smart-contracts. Users’ reputation will be determined through the trust token smart-contract mechanism. All user actions, transactions results, reviews and etc. will affect their rating. In fact, a trust token is a cryptographically secure rating of the reliability/trustworthiness of each user in the Crypt-ON system and it is stored in a smart-contract. There is another security feature to protect our users: an independent arbitrage system which is getting more and more independent with the ongoing project’s development and eventually forming a full-fledged community where DAO delegates will act as judges.
Creating a DAO on the foundation of the platform is an important task for the Crypt-ON team. Thus, many of the tasks associated with developing a platform, improving functionality, increasing the user base and managing legal issues will be performed by the community itself. The mission of the Crypt-ON project is to create a global workspace for reliable and mutually beneficial cooperation of cryptousers all over the world. I-Point token (IPT) is an utility token, a universal way for settlements of any transaction on the p2p platform Crypt-ON. Also, using of IPT provides a 50% discount on fee services, insurance of trades, access to hiring through the crypto freelance marketplace and rapid growth of user rating.