With over $220m lost to crypto criminals in 2017, BTC’s surge, and new mainstream interest, the cryptocurrency marketplace is in dire need of new security tools – and CTN delivers.
Technology company Crypto Trust Network today announced the launch of their highly-anticipated token sale for their ERC20 token, the CTN.
The company aims to reduce fraud and theft in cryptocurrency through a selection of tools for exchanges, wallets, and merchants. The tools reduce exposure to risk by adding an extra layer of trust to transactions such as identify verification, trust rating, and data analysis for wallet and transaction portfolio.
While fraud and theft have always been an issue, 2017 saw a marked increase in incidences. In January 2017, 1 Bitcoin (BTC) was valued at an average of $969. Just eleven months later, that same Bitcoin is set to steamroll through the $20,000 barrier. With alt coins also exploding in a bullish marketplace, people with less than honest intentions have also crowded the space, adding even more risk to the marketplace.
“2017 was a watershed year for cryptocurrency, and it has erupted outside of its former nerdy space onto the public stage – it is bigger than Taylor Swift, Beyonce, and all the Kardashians combined. However, this new popularity does mask a big problem: crypto is risky, and unlike banking, this is an unregulated industry with few of the safeguards that are offered by traditional banking,” said Jim Dowling, CEO of Crypto Trust Network.
“This is the issue that we are solving. Enthusiasts often talk about ‘trustless’ networks. While they are a good thing, we need to build more trust and security into cryptocurrency so people – especially mainstream investors – reduce their vulnerability to fraud, theft, phishing, and service breaches.”
The token sale for CTN will open to the public at 6:00pm GMT on December 22nd, 2017 and will complete when either the hard cap of 10,500,000 CTN issued is reached or at 6:00pm GMT on January 22nd, 2018.
CTN tokens are valued at $1 (USD) and will be minted as they are sold. Participants can purchase their tokens using Ethereum (ETH), with the rate of tokens per ETH to be determined one hour prior to the sale. Crypto Trust Network also confirmed that the first 2,000,000 tokens sold would come with a 20% bonus.
For more information about Crypto Trust Network and to read the white paper visit the company's website; more information can be found about how to participate in the token sale here. Find out more about the Crypto Trust Network by watching the video below:
https://www.youtube.com/watch?v=qchi8ZToF9w
About Crypto Trust Network
Crypto Trust Network is a platform which aims to make the cryptocurrency industry safer. It does this through tools which help crypto companies to protect their customers by reducing fraud and identifying high-risk transactions. For more information about the company, its mission, and the token sale, please visit the Crypto Trust Network’s website.
