CBToken usage and implementation

It is no doubt that the payment arena is one of the major core of digital currency and also the key value-generating uses for cryptocurrencies going forward. CryptoBank Payment platform will be able to create value for its 3(three) major stakeholders in the payment platform. This stakeholders are mentioned below;

  • The merchant/retalier

  • The buyers/consumer

  • CBToken Holders/investor

The merchants/retaliers

As crypto users increase in daily basics, it also increases the opportunity of merchants to sell to a growing worldwide audience of crypto-holders and also enjoy the adventage of our transaction fees(1%). CryptoBank aims to provide a smart way to expand its client and sale revenue by targeting a wider audience of cryptocurrency holders all over the world. The cryptocurrency market has been predicted to reach a sizable 5 trillion in the year 2025 according to major market analysts. going through our research, Crypto users have amassed a large number of assets that continue to grow in valuation with limited outlets that stimulate spending.

The main purpose of CryptoBank is to provide merchants with the ability to receive fiat currency while accepting Cryptocurrency as payment. we are ready to tackle one of the major fear of accepting cryptocurrencies, which is the high rate of volatility facing the economy, and assuring the amount with low transaction fees.

With our high-tech security method, we ensure our user sucessful transactions.

The buyers/consumers

CryptoBank aims to provide full payment protection of goods while paying online to minimize the risk of scams and fraud by acting as an escrow for all transactions. We ensure that buyers are well-cared for, leaving them freedom to make payment using their prefered digital currency like,Bitcoin, ETH, NULS, CBT, and other cryptocurrencies with low fees transaction...

CBToken Holders/investor

All payments made with CBToken in the CryptoBank Platform come with a 0% fee, which will also be synergistically tied to the platform in a strategic value coupling. Secondly, Each time a buyer pays with any cryptocurrency via the CryptoBank platform, a small percentage of the transactional fee is removed, which will be used to buy CBToken off the market and burn. This method will help to reduce the token supply further driving demand, the adoption of the platform, and the value for CBToken holders. In this case, the higher the volume of transactions in the CryptoBank platform, the higher the potential value of the CBToken for our holders in the future.

CBToken implementation

CryptoBank will use the Nuls network and its Nul-20 smart contract to host the CBT Token. Nul-20 smart contracts follow a list of standards so that they can be shared, exchanged, or transferred to crypto wallets with the aid of cross-chain implementation. Nuls was the natural choice for this project due to its broad adoption and industry-standard for issuing custom digital assets notwithstanding the low fees and fast transaction with the ability to program smart contracts with a full-complete language that allows robust foundation and flexible customization of the cryptocurrency... for more information, visit their website@Nuls.io

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