CryptoProfile - Empowering a Blockchain Revolution Towards a Safer and More Secure ICO Ecosystem

Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies and ICO projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where CRYPTOPROFILE fits in has they have set out a platform that will revolutionize cryptocurrency airdrops and prove highly beneficial for those holding CP tokens.

ABOUT CRYPTO PROFILE

CryptoProfile (CP) has initiated a transformative idea that will revolutionize cryptocurrency airdrops and prove highly beneficial for those holding CP tokens.

CryptoProfile's main objective of its project is to try to solve the existing attitude to ICOs projects, while protecting investors from potential scams and non-liquid projects.
CryptoProfile will be the first line in eliminating scams in the ICO niche in the market by ensuring only viable ICOs are taken in as clients. It also makes it easy to invest in ICOs by simply holding on to the CP token to receive airdrops of the best ICOs in the market.

The main problem that CryptoProfile seeks to solve is the rampant failure of ICO projects in the cryptocurrency industry. CryptoProfile highlight that 90 percent of all the ICOs fail in less than six months. A large proportion of them are scams where people trick investors to finance their ideas only to disappear after the money has been collected. This is one of the most prevalent problems due to the lack of proper regulation in the cryptocurrency industry.

PROBLEMS CRYPTOPROFILE SEEKS TO SOLVE

AIRDROP: Many ICO projects offer air drops at a low value to gain awareness in general, and when an ICO is listed on the token exchange, most token holders deem it expedient to sell off their tokens which can negatively affect the token-economy and value of the token. Some airdropped tokens have no real value and no potential for growth. Phishing attacks are also a risk factor when dealing with airdrops.
ICO MARKETER: Many ICO marketers claim to be experts with no provable credentials and almost always fail to deliver. Only a thoroughly researched decision should be taken while opting for these kinds of services. What our team at CryptoProfile does is connect you and your project with not only the best but the most credible and experienced influencer marketing experts in the crypto space in order to have an authentic marketing campaign that is not just another misleading ICO promotional campaign.
ICO PROJECT OWNER: Never hand over all your trust and money to self-cited expert ICO marketers or ICO project owners. It is a common occurrence that due to negligence in precautions and safety, many ICO marketers committed fraud against their clients and vanished with their finances. Most ICO marketers aren’t in possession of any real crypto communities, but they will always have you believe otherwise.
BOUNTY HUNTER: Bounty hunters have become a popular option for helping ICOs reach the public. With individuals paid in tokens or cash to promote campaigns among their contacts on various social media platforms, many are gladly opting for the job. However, they end up encountering difficulty in achieving the incentivized targets.

SOLUTIONS PROVIDED TO THE PROBLEMS LISTED ABOVE

A. CyptoProfile’s solution includes three key components when onboarding ICO projects:

Risk assessment
Token economy assessment
Security assessment
Token holders are assured quality air-drop tokens because of the due diligence checks we have in place to vet each ICO project before onboarding.

B. What puts CryptoProfile in an unparalleled position of strength is the fact that we are a recognized ICO marketer with a reputation of integrity and excellent delivery.

C. Clients can be at ease with CryptoProfile because we are driven by a real passion for the blockchain industry. Our business model is innovative and integrated in such a way that makes the business sustainable while mutually benefiting the crypto community and our clients.

D. CP token has unique tokenomics which leverage our strong ecosystem to ensure future benefits to long-term token holders. Because of the potential for positive liquidity, it will be much easier for bounty hunters to find investors for our tokens to reach their incentivized targets.

CryptoProfile provides a solution where investors get access to legitimate ICOs that they can invest in without any fear of being swindled. The firm will conduct thorough due diligence on any ICO projects that want to be listed on its blockchain-based platform. They will then accept them as clients in their ICO marketing service. They will be required to pay $100k in CP token for marketing of the tokens. The CP tokens returned will be locked in a smart contract for six months until the client is listed on an exchange. Ten percent of the ICO’s tokens will be airdropped to investors who will be holding the CP tokens.

UNIQUE FEATURES

The speed of the platform
While it is nothing to write home about, we believe that the 15-second transaction speed is adequate for the type of platform that is being built. The platform will mainly deal with providing airdrops of approved ICOs to token holders. A 15-second delay will not affect that in any way. Therefore, the speed is adequate for the task.

Security of the platform
Since the platform relies on the Ethereum network, the security protocols are inbuilt into the Ethereum platform. It provides relative protection from hackers and Sybil attacks. Additionally, the encryption provides security and privacy for the platform. It also includes AML and KYC protocols that are becoming an industry standard.

Transparency
A trust-less system require transparency to ensure that investors and the ICOs have peace of mind. CryptoProfile has adopted a fully decentralized approach to how the platform runs to ensure that the investors can review the ICOs for themselves and the due diligence reports. This ensures that all stakeholders are comfortable that no issues will affect them.

Scalability of the platform
The platform can be scaled horizontally by increasing the number of users, and the number of ICOs included without any issues with speed or security. Once the platform becomes large enough, it will create its mainnet. Scalability is also guaranteed by the low latency of the algorithms that have been used.

Language used on the platform
As an ERC20 coin, it relies on Solidity as the main programming language. It is a JavaScript iteration which makes it easy to work within the future.

ECOSYSTEM

Business Model

The platform performs due diligence on ICOs in the market and holds these platforms to a long-term contract by requiring them to acquire CP tokens for at least six months. The aim is to dissuade the pump and dump ICOs. Any ICOs accepted by CryptoProfile will have extensive due diligence research conducted on them to ensure the technical, business and financial aspects are legitimate. Even the founder, team and advisors behind the platform will be investigated to ensure that they are legitimate in their business offering.

Technical Aspects

CryptoProfile seems to follow the tried and tested approach of creating its blockchain on the ERC20 token. The benefit is that it will rely on Ethereum to provide the security to the platform. This is better than having a mainnet with poor security as the underlying blockchain of the platform.

BENEFITS

CryptoProfile offers a unique opportunity for us as users and future investors. At the same time protecting us from fraudulent ICO, as well as opening access to high-quality and proven projects, the development of which will not only successfully invest their savings, but also guaranteed to increase them.

For the owners of ICO projects, a large number of advantages are also available, thanks to which they get access, not only to the audience ready to invest in the development of their project, but also to the professional quality help of the CryptoProfile team.

Moreover, people who are engaged in the promotion of ICO projects, such as "bounty hunters" will gain a reliable ecosystem, where they will be able to make a guaranteed profit for their actions and no longer worry about their incentives and their liquidity in the market.

Token and ICO Details

CP Token will be released on the basis of Ethereum platform and fully comply with ERC20 standard. Support of this standard guarantees the compatibility of the token with third-party services (wallets, exchanges, listings, etc.), and provides easy integration.

Token Details

Coin Name: CryptoProfile Tokens
Ticker: CP
Coin type: ERC20 token
Token Price ICO - 0.10 USD
Token Price Pre-Sale - 0.05 USD
Total Token Supply - 753,471,015
Total Token For Sale - 591,474,747
SoftCap: $1,162,556
HardCap: $30,463,808
Private Sale: 1st November 2018
ICO start date: 1st February 2019
Presale date: 1st January 2019
ICO duration: Until 28 February 2019 or when the hard cap is met