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About CryptoCart V2
- Total cryptocurrency market capitalization: trillion dollar range
- CC Token: built on Ethereum blockchain using ERC20 smart contract
- Future development: CC Coin, a sole blockchain exclusive to CryptoCart
- Goal: development of a comprehensive loyalty scheme for CC Coin holders
- CryptoCart e-commerce platform: accepts most major cryptocurrencies as payment
- CC Token: incentivizes users through rewards systems, providing yield and discounts
- Benefits: buy-pressure, funding continuity of development for the platform
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Introducing CryptoCart V2: Revolutionizing Cryptocurrency Payments
In recent years, the cryptocurrency landscape has witnessed unprecedented growth, with the total market capitalisation now surpassing the trillion-dollar mark. However, as these burgeoning and unregulated markets continue to expand at an incredible rate, the excitement for investors and early adopters is somewhat tempered by a pervasive threat. The notion of regulating cryptocurrencies, favoured by central bodies and governments, raises the spectre of disproportionate and unfair powers and controls that would undermine the privacy and potential prosperity of early adopters. New monetary systems, designed to deliberately circumvent the traditional fiat system, have always been under constant surveillance by centralised regulatory bodies seeking to enforce compliance and exert control over cryptocurrency systems through legal coercion. This constant attempt at imposed authority is antithetical to the fundamental principles of the visionaries and founders who developed cryptocurrencies, and is not a burden that investors or adopters should have to bear simply because the masses are now awakening to the multiple benefits of cryptocurrencies as a new monetary system. To further contextualize this issue, consider the plight of cryptocurrency system providers, such as marketplaces or exchanges, which are often threatened with legalisation by governments conditional on providing a set of requested information or reports about their user bases to regulatory bodies seeking to exploit this information to extort proceeds. The same issue affects consumers, introducing the “spend problem.” Adopters and investors want to enjoy the benefits of what is currently a free and unregulated market. However, a pervasive concern is how they can spend their cryptocurrencies on goods and services without being regulated ‘on the way out’ or subject to fees, taxes, and a multiplicity of regulatory extortion attempts that seek to criminalise their activity. CryptoCart is a decentralised and stateless e-commerce platform designed to provide consumers with a digital marketplace where users can spend cryptocurrencies on goods in an affordable way. A major benefit for users is that they can spend most major cryptocurrencies on real-world goods offered by several major European and US retail partners and have the goods shipped worldwide without having to go through a crypto-to-fiat conversion or being subjected to the regulatory concerns outlined above.
The CC Token, the inaugural native currency of the CryptoCart platform, is built upon the Ethereum blockchain, leveraging an ERC20 smart contract. In pursuit of decentralization and statelessness, the roadmap includes exploring bridges to other blockchains, such as a BEP20 bridge on Binance Smart Chain. The ultimate objective is the development of CC Coin, a standalone blockchain exclusive to CryptoCart, which can be bridged in a 1:1 ratio with existing blockchain tokens, unlocking opportunities for a comprehensive loyalty scheme for coin holders. While the CryptoCart e-commerce platform will accept most major cryptocurrencies as payment methods from the outset, the CC Token is primarily designed to incentivize users to adopt the native token through various rewards systems, providing yield and discounts, as well as generating buy-pressure that fuels the continuous development of the platform.