The world is moving more rapidly than ever imagined in the 21st century sequel to the launch of the global village concept with the internet as a major catalyst in the entire process of globalization. Almost everything and everyone is thinking in the digital age especially in a bid to make the best out of the modern features which outwardly makes life easy, affordable and accessible. The diversified nature of the internet has made a handful of people in the globe from analysis rely on it to relate with the world within and around them without chauvinism, whatsoever.The internet in it sophistication launched the crypto currency market where hitherto centralized institutions metamorphosed to decentralized platforms that is community-driven and enables a peer-to-peer networking. Satoshi Nakomoto invented the Ethereum Blockchain to ensure a speedy and reliable smart contract and it paraphernalia, in a bid to expand the crypto currency industry and motivate non-members of the platform to dig deeper into the benefits of the virtual currency market and at the short run, take part. No hysteria,the Blockchain story was the real beginning of simplified procedures that has rapidly expanded the market against the expectations and criticisms of on-lookers and bystanders who had almost spoiled the entire process with their ill-conscience. There are however other issues that has limited the functionality of the crypto currency market. Simply put, legal requirements, accounting restrictions, tax regulations, due diligence and the like are making investment deals unrealistic for any large institutional investor from empirical experiences.The key problems that premeditated the afore-stated includes but not limited to the risk of theft via cyber security breach,there is no process of judicial recovery in case something goes wrong,clearing and settlement risks are abnormal, Cryptocurrency DOES NOT have titled/auditable ownership and so on. I am one of those participants in the crypto currency market who have shared this challenge alongside others. However my focus was redirected when I discovered, https://www.cybertrust.io/, a decentralized platform that is working monotonously to solve the above stated problems and many more.
Cyber Trust with it team of experts is working mind-numbingly, putting resources, time and dynamism together to have a common means for the global crypto currency industry to interrelate through the creation of the Global Crypto Notes (GCN) such that each owner of a GCNwill have permissibleentitlement to its primary crypto assets (e.g. BTC, ETH, BCH). The Cyber Trust Platform will create three Special Purpose Vehicles (SPV); one each for BTC, ETH and BCH. Off-chain storage is provided by Xapo to secure the private keys of the underlying crypto assets in a specialized Cold Vault secure facility (ies), including insurance on all Hot Wallet Transactions. All Global Crypto Notes will each have a registered International Securities Identification Number (ISIN).All Clearing & Settlement for GCNs will be done by Clearstream , known as the “bank of banks”, to permit innocuous and regulatory compliant trade clearing.SPV financials will be audited by Ernst & Young S.A., starting from the first quarter of 2018. The SPV administrator is a licensed Luxembourg entity Creatrust S.A and was chosen based on its credibility. To get a better background of how the cyber trust works, download ‘White Paper’ at https://www.cybertrust.io/CyberTrust-WhitePaper.pdf.
The platform is tokenization the process of currency notes exchange and management, thus the token use in the platform is the CABS token. To essence of tokenizing the crypto currency market as cyber trust is undertaking to enable participants have full and unlimited access to the features of the platform. Tokens holders will have the benefit of sharing the profit from the securitized premium and profit from the unmet demand for securitized ETH and BCH. The platform is built on the Ethereum Blockchain such that CABS tokens are issued at standard ERC20 and further supported by all the ERC-20 compliant wallet. The illustration below gives a sketchy description of the Cyber Trust platform.
In order to meet up outlined objectives of the project, the platform is issuing ICO of the CABS token. 1 CABS token is going in for 0.5 ETH i.e. 0.025 BTC or $150 equivalently. Accepted payment channels include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCC/BCH), Ethereum Classic (ETC). By arrangement: USD Tether (USDT), Swiss Francs (CHF) and Euros (EUR). There are 600, 000 CABS tokens in total supply with headcap of 500, 000. To get comprehensive details of the CABS and terms of participants, click on https://www.cybertrust.io/CyberTrust-WhitePaper.pdf and navigate to terms and tokens ICO. The closed sale was conducted from 30thOctober, 2017 and still running till 10th November, 2017. After the closed sale, starting from 14th to 17th November, 2017, the Pre-sale will take place. In the same vein, the ITO event will come up from 27th November, 2017 to 21st December, 2017. To get tokens, click on the ‘get tokens’ option on the website https://www.cybertrust.io/. I just join the pre-sale NOW!
Cyber Trust is big community of real participants, therefore to connect with other participants and get firsthand information, log on to;
Official Website: https://www.cybertrust.io/
My Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=994327
ETH wallet: 0x1B8f0cB0970CbB165D58ADaAe768