CROBYTE: The Locally Backed Crypto
What Is CROBYTE?
Crobyte is a platform that is designed to bring a familiar face to the daunting worlds of cryptocurrency to the croatian people by offering a solution to Croatians to establish a fair and easy and easy to use to transfer funds without limitation from current financial institutions.
The croatian population is more than 4,100,000 out of which 330,000 have blocked bank accounts due to the way the legal system is in place allowing debt enforcement agencies free reign to exploit and extort the people.
The data above shows the worrying results of the people have their current bank accounts blocked and data shows that it is happening repeatedly with over 7,300,000 documented cases of it occurring in the last decade. The comparison between the last 8 years shows how the debt enforcement laws are severally unethical and are virtually legal theft being committed on the government level.
This data provided above has a very alarming increase in the number of blocked bank accounts in the recent year where it rose from 25,000 in 2010 to 75,000 in 2011 to a whopping 310,000 in the year 2015.
Although, the current number is above 330,000 and the situation has not seen a decrease yet. Currently, more than 13% of all the adults in croatia have their bank accounts blocked. A solution for these people is extremely needed and CroByte would allow a great number of people to becoe solvent and part of the economy. There has been constant efforts from supportive gruops such as “Blokrani” which aims to try to change the regulations and laws regarding these practices.
This virtual currency would be a great step in the right direction on fixing the problems and allowing the people to step out freely out of the unethical practices. The core of the problem lies in the corruption which has taken a strong grasp throughout the county and throughout the institutions.
Crobyte aims to bring a change by raising awareness and educating the people to embrace and utilize the new technology. It aims to make a trend and a solution to the issue and feel the blockchain technology the perfect way to address the issue at hand and to create a regional marketplace open to participate in the world economy which would generate work and income to a great number of skilled and motivated people and provide an environment where they can truly thrive in.
The way of CroByte can be divided into 4 steps. Techhnology, Community, Growth, and Innovation each causing and supplementing the other creating a healthy and sustainable market.
These 4 Steps are the key to success and by making the coin safe to use, it will take full advantage of the advantage of the proper conditions for making wide-spread usage a reality. It will also would also allow people to outsource their work and be able to participate in the world economy online via CroByte increasing opportunities.
The Solution: Is to create ideal conditions for the coin to flourish and thus, divide the coins into 50% for the ICO/Development and General Distribution while the rest will be slowly brought into the circulation by the miners.
By distributing the coins this way, it will allow the cryptocurrency to get early support from the backers ensuring the project runs smoothly and is prepared for the air drops.
For More Information, Please Visit:
Website: https://cro-byte.com/
Ann thread: https://bitcointalk.org/index.php?topic=2945200
Whitepaper: https://cro-byte.com/pdf/CroBytePaper.pdf
Authored by: https://bitcointalk.org/index.php?action=profile;u=988093