Cryptaur: A Decentralized Peer-to-Peer Economic Ecosystem

What is Cryptaur

Friends, imagine when we shop, take a taxi, or book a hotel, there’s always a platform acting as a middleman, right? For example, Taobao, Didi, Ctrip, etc. While these platforms provide convenience, they also charge certain fees, which we call “middleman” or “intermediary fees.” The Cryptaur project (abbreviated as CPT) aims to build a massive, decentralized “community marketplace” or “digital free market,” with its core goal being to
“eliminate intermediaries and enable direct transactions between buyers and sellers.”

Simply put, Cryptaur is a decentralized peer-to-peer (P2P) service ecosystem based on the Ethereum blockchain. Here, “decentralized” means that this marketplace has no single boss calling the shots; instead, it’s maintained and managed collectively by all participants. “Peer-to-peer” transactions mean buyers and sellers can connect directly, without needing a third-party platform.

Its target users are very broad, including global consumers, service providers, and product suppliers. The core application scenario is to provide various P2P services, such as goods trading, service bookings, etc. Within this ecosystem, there are several key components: one is Cryptaur’s universal token CPT, used for payments and rewards; another is the Cryptaur Pay payment platform, which makes payments more convenient; and there’s a unique Social Capital Management System (SCMS) and User Rights Protection System (URPS) to safeguard everyone’s rights and encourage good behavior.

Project Vision and Value Proposition

Cryptaur’s vision is very ambitious. It hopes to
improve the efficiency of all social interactions, liberate them from the shackles of various intermediaries, and make interactions instant, transparent, secure, and mutually beneficial. It’s like “flattening” all those layers of intermediaries in the traditional economy, making information more direct and transactions fairer.

Its whitepaper theme is “a decentralized application platform designed to reshape and transform the sharing economy system.” We’re all familiar with the sharing economy, like shared bikes and power banks. Cryptaur hopes to use blockchain technology to make this sharing model more transparent and efficient.

The core problems Cryptaur aims to solve are the
excessive intermediaries, inefficiency, and lack of transparency in traditional business channels. For example, when you buy something, it may go through several layers of distributors, each adding a markup, so you end up paying more while the producer earns less. By eliminating intermediaries, Cryptaur can significantly reduce transaction costs and allow consumers to make purchasing decisions based on fully transparent information, thus promoting community consensus. Imagine if you could see a fruit farmer’s planting records and even trace the seed source when buying fruit—wouldn’t that feel more reassuring?

Compared to similar projects, Cryptaur’s uniqueness lies in its establishment of a
Social Capital Management System (SCMS), which aims to promote active contributions and honest behavior among community members through incentive mechanisms. It’s like creating a “credit profile” for each community member—the more you contribute and the better your behavior, the higher your “social capital,” earning you more rewards and trust.

Technical Features

The entire Cryptaur ecosystem is built on the
Ethereum blockchain. Ethereum is a very mature and widely used blockchain platform, providing robust infrastructure to ensure transaction security and scalability.

Core Technical Components:

• Blockchain Technology: Cryptaur leverages the distributed ledger feature of blockchain to ensure all transactions are transparent, verifiable, and immutable. It’s like all transaction records are publicly written in a big ledger that everyone can check, but no one can arbitrarily modify.
• Cryptaur Pay Payment Platform: This is a multifunctional payment platform designed to provide a “one-click” payment experience. It supports not only fiat currencies (like USD, RMB) but also mainstream cryptocurrencies, and of course CPT token payments. The goal is to minimize transaction costs and provide a convenient payment experience.
• Social Capital Management System (SCMS): This is Cryptaur’s original engine, managing users’ social capital through an algorithm called
  “Proof of Contribution” (PoC). PoC is further divided into:
  • Proof of Verification: Encourages users to verify the authenticity of information.
  • Proof of Expertise: Rewards users who provide professional knowledge and advice.
  • Proof of Extension: Encourages users to promote the ecosystem and attract new members.
  This system is like scoring and rewarding positive behaviors of community members, thus motivating everyone to jointly maintain a healthy and valuable community.
• User Rights Protection System (URPS): Aims to protect users’ legitimate rights and ensure fairness and security in transactions.

Regarding the consensus mechanism, some sources mention that Cryptaur uses
Proof of Stake (PoS) to secure the network. Proof of Stake is a blockchain consensus mechanism that allows validators to participate in block creation based on the amount of cryptocurrency they hold and are willing to “stake.” This mechanism not only ensures network security but also incentivizes validators to maintain blockchain integrity.

Tokenomics

The core of the Cryptaur ecosystem is its native token CPT, which is the “fuel” and “currency” for the entire system.

Token Basic Information:

• Token Symbol: CPT
• Issuing Chain: Ethereum; CPT is an ERC20-compliant token. This means it can be stored, sent, and received on the Ethereum network.
• Total Supply: Cryptaur’s total supply is 27,662,180,148 CPT.
• Circulating Supply: As of a certain point in time, the circulating CPT is about 13,485,673,470.554075. However, some data platforms show the circulating supply as “no data” or “unknown,” which may mean the data is not updated in time or the project team has not disclosed the latest data.
• Issuance Mechanism: Cryptaur successfully raised $60 million in its 2017 crowdsale and sold 8.5 billion CPT tokens.

Token Use Cases:

• Payments and Transactions: CPT is the main payment tool within the Cryptaur ecosystem; users can use it to purchase goods and services.
• Incentive Mechanism: CPT is also used as a reward to encourage users to actively participate in the ecosystem and contribute, such as rewards obtained through the Social Capital Management System (SCMS).
• Staking: Users can stake CPT to earn rewards and participate in project governance decisions. Staking is like locking up your tokens to provide security for the network while earning returns.
• Trading and Arbitrage: As a cryptocurrency, CPT can be bought and sold on supporting exchanges, and investors can arbitrage by buying low and selling high.

Team, Governance, and Funding

Team:

• Founder: The Cryptaur project was founded by Dmitry Buriak.
• Team Goal: The team is committed to building a
  self-sustaining, self-maintaining, self-evolving, and community-owned platform. This means they hope Cryptaur can grow like a living organism through the joint efforts of the community.

Governance:

Cryptaur plans to implement a
community-driven governance model. It’s like a democratic community where CPT token holders can directly participate in the project’s future development decisions. For example, for major matters such as future feature development or rule changes, token holders can vote to express their wishes and jointly decide the project’s direction.

Funding:

In its early stages, Cryptaur received considerable financial support. In its 2017 crowdsale, it successfully raised
$60 million and sold 8.5 billion CPT tokens. This shows the project received widespread attention and recognition at its inception.

Roadmap

The project’s roadmap is like a map guiding the future, listing important past milestones and future development plans.

Historical Key Milestones:

• August 2017: Cryptaur’s founding concept was formed, and the “Crypto Manifesto” was released, aiming to fight intermediaries.
• 2018:
  • Mobile version of the Cryptaur lottery app launched.
  • CPT token listed on exchanges such as HitBTC, Orderbook, and LAToken.
  • The first decentralized goods marketplace launched.
  • The first version of X-Game launched within the Cryptaur ecosystem.
  • Cooperated with Fintech United Group to successfully launch a credit card and implement automatic KYC (Know Your Customer).
  • Cryptoons decentralized platform deployed and ICO conducted for the Yeti project.
  • Launched a peer-to-peer microloan app based on Prover technology.

Future Plans:

According to the latest roadmap, Cryptaur plans to:

• Launch a
  decentralized marketplace to enhance user engagement and expand ecosystem utility.
• Implement
  community-driven governance, giving token holders direct say in future development.
• Aim to create
  seamless use cases for daily transactions, further consolidating its role in the decentralized economy.
• Improve X-Game’s game mechanics using modern AR/VR technology.
• Launch a decentralized betting platform.

Common Risk Reminders

Friends, like any investment, blockchain projects come with various risks. It’s important to understand these risks to make informed decisions. Please remember, the following content
is not investment advice.

Technical and Security Risks:

• System Failures and Security Vulnerabilities: The Cryptaur ecosystem may face system failures, unexpected interruptions, hardware or software defects, security vulnerabilities, etc. Like any complex software system, it may become a target for hacking, cyberattacks, or distributed denial-of-service (DDoS) attacks, which could lead to data loss or service interruption.
• Cryptographic Technology Evolution Risks: Cryptographic technology itself is constantly evolving; for example, the emergence of quantum computing and other new technologies may pose risks to all cryptography-based systems.
• Smart Contract Risks: The Cryptaur platform, CPT tokens, accounts or wallets, and smart contract technology on the Ethereum blockchain may have errors, vulnerabilities, or defects. Once deployed, smart contract code is usually immutable, so if there are vulnerabilities, it could lead to loss of funds.
• Exchange Security Risks: Storing cryptocurrencies on less secure exchanges carries the risk of asset loss due to hacking or platform exit scams.

Economic Risks:

• Price Volatility: The cryptocurrency market is known for its extreme price volatility. The price of CPT tokens may rise or fall sharply in a short period and is difficult to predict. This means you could lose part or all of your investment.
• Project Failure or “Rug Pull”: If the project fails to achieve its goals or the team encounters problems, the token’s value may plummet or even go to zero.
• Liquidity Risk: If CPT token trading volume is insufficient, you may not be able to buy or sell quickly at your desired price.
• Market Competition: The blockchain field is highly competitive, with new projects emerging constantly. Cryptaur may face competitive pressure from other similar projects.

Compliance and Operational Risks:

• Regulatory Uncertainty: Regulatory policies for cryptocurrencies are still evolving globally. New regulations may have a significant impact on Cryptaur’s operations, such as increasing compliance costs or even making it impossible for the project to continue operating in certain jurisdictions.
• Fraud and Scams: The cryptocurrency field is also rife with scams and fraudulent activities, including false investment promises, Ponzi schemes, etc. Investors need to be wary of these traps.
• Physical Security Risks: As the value of crypto assets grows, holders may become targets of physical attacks, such as “wrench attacks,” where violence or threats are used to force victims to hand over their crypto assets.

Verification Checklist

When delving into a blockchain project, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address: The Ethereum contract address for the CPT token is
  
  0x88d50B466BE55222019D71F9E8fAe17f5f45FCA1
  . You can check this address on block explorers like Etherscan to view token supply, holder distribution, transaction history, and more.
• GitHub Activity: Typically, active open-source projects maintain code repositories on GitHub. You can try searching “Cryptaur GitHub” to check code update frequency, community contributions, etc., which can reflect the project’s development progress and transparency.
• Official Website: Visit Cryptaur’s official website (for example: https://cryptaur.com/) for the latest and most authoritative project information.
• Social Media and Community: Follow the project’s Twitter, Telegram, Discord, and other social media channels to learn about community activity, team communication frequency, and user discussions about the project.
• Audit Reports: Check whether the project has third-party security audit reports, which can assess the security of its smart contracts and code.

Project Summary

Friends, in summary, Cryptaur (CPT) is a blockchain project that emerged around 2017-2018, with the core concept of building a decentralized peer-to-peer (P2P) ecosystem aimed at eliminating intermediaries in traditional transactions to improve efficiency and reduce costs. It is based on the Ethereum blockchain and has issued the ERC20-standard CPT token as a payment and reward tool within the ecosystem.

Cryptaur’s highlight is its unique Social Capital Management System (SCMS), which attempts to promote active contributions and honest behavior in the community through incentive mechanisms. In its early days, Cryptaur received considerable funding through crowdfunding and achieved some progress on its roadmap, such as token listings and the launch of some decentralized applications (dApps) like lottery and goods marketplaces. In the future, the project plans to further develop decentralized marketplaces and community governance.

Cryptaur’s vision is to create a fairer and more transparent sharing economy system, enabling consumers and suppliers to interact directly and reducing the loss from intermediaries. However, like all cryptocurrency projects, it also faces technical, market, and regulatory risks. Market volatility, potential security vulnerabilities, and the ever-changing regulatory environment are all factors to watch.

Please remember, the blockchain world is full of opportunities but also comes with risks. Be sure to conduct thorough independent research (DYOR - Do Your Own Research) before making any decisions. The above information is only a popular science introduction to the Cryptaur project and
does not constitute any investment advice. For more details, please do your own research.