CriptoHub ICO Review

/CriptoHub ICO Review

CriptoHub ICO Review 2018-05-24T13:23:15+00:00
CriptoHub ICO Review

Quick inner navigation:

  1. What Is CriptoHub?
  2. CriptoHub Main Features
  3. CriptoHub ICO Team
  4. CriptoHub ICO token sale
  5. Criptohub coin supply and purpose

What Is CriptoHub?

CriptoHub is a Brazilian cryptocurrency exchange that seeks to solve some of the contentious issues currently ailing the Brazilian cryptocurrency market. These issues revolve around high fees in comparison to international offerings, limited cryptocurrency options and poor service delivery by the existing exchanges. Having identified these challenges, CriptoHub has channeled its energies in developing a well-structured exchange that will offer a more effective and advanced service with a greater diversity of supported cryptocurrencies. Envisioning to become the largest cryptocurrency exchange in the Brazilian market, CriptoHub presents an assortment of products and services that will propel it towards achieving its mission. One of the products is an easy-to-use pre-paid virtual and physical credit card that will enable users to shop online and make crypto payments in various commercial establishments across Brazil. Another product is the CriptoHub trading software that uses industry-leading technology and security to enable users to securely trade a wide range of cryptocurrencies at low rates and fast transaction speeds. This will enable users to diversify their crypto investments like never before and consequently increase the trading volume within the platform. CriptoHub will also offer an advanced table for large clients with the capacity to deposit and withdraw over 70,000 US Dollars.

CriptoHub Main Features

  • More trading pairs – CriptoHub is committed to offering the largest number of cryptocurrency trading pairs than any other exchange in Brazil. This will allow traders to diversify their investments across various currencies and subsequently increase the number of profits accrued from their investments.
  • Fast and reliable services – As a response to the existing poor service delivery in terms of delays in new registrations and deposit approvals, CriptoHub offers quicker approval of accounts for new clients, agility in deposit approval and faster disbursement of customer withdrawals. CriptoHub will, therefore, offer superior service compared to the existing exchanges in the Brazilian market.
  • Highly secure – CriptoHub uses Smart Contracts to facilitate, verify and implement all the contracts done on the CriptoHub platform. These Smart Contracts will be executed on the Ethereum blockchain. This will ensure the elimination of all forms of corruption and manipulation of data on the platform. Therefore, transactions carried on the platform will be secure and with a high level of transparency.
  • Blockchain additional services – CriptoHub seeks to develop a simple software module that will be used by e-commerce companies across Brazil for processing payments made in cryptocurrencies. The software will automatically convert the chosen cryptocurrency into national currency and then seamlessly wire the money to the merchant’s account in a matter of seconds.

CriptoHub ICO Communication Channels

CriptoHub ICO Team

Ramon Vailatti – CEO

Ramon is an experienced businessman and administrator with an experience spanning more than 10 years managing web-based businesses. Prior to joining CriptoHub, he served as the Director of C2 CPA Network from 2014 to 2018. He has also previously served as the Manager and Marketing Consultant for Pousada Pedra da Ilha from 1999 to 2017. He is deeply experienced in digital and online marketing.

Victor Gamarra – CMO

Victor is an experienced online marketing strategist with special skills in Search Engine Optimization (SEO) and large-scale digital campaigns. He has previously served as a CEO for GamarraNetwork and as a partner for the C2 CPA Network.

Marlene Schommer – CFO

Marlene is a seasoned financial expert with experience spanning more than 20 years working in various aspects of the financial industry such as entrepreneurship, accounting, auditing, administration and many more. Prior to joining CriptoHub, she served as the CEO of Herbal Nature from 2015 to 2018 and as a Social Administrator of Rede Formula GHW Itda. She holds a Postgraduate Diploma in Information Systems Management from the Universidade do Vale do Rio dos Sinos.

Leandro Francisco – COO

Leandro is an experienced programmer and Blockchain Developer with more than 9 years’ experience in the field. He has previously served as the CEO of Evoit from 2010 to 2017 and as the Business Analyst of Software SA from 2009 to 2010. He also worked as a Systems Development Manager at Bysoft from 2004 to 2009. He holds a Bachelor’s degree in Business Administration from the FCG Jundiai University.

Bruno Ampessan – Community Manager

Bruno is responsible for all communities and social networks of the CriptoHub project. Prior to joining CriptoHub, he served as the Digital Marketing Manager of Pet Anjo from 2015. He has also served as the Digital Marketing Manager of Porto Seguro from 2014 to 2016 and as a Display Manager for Dp6 from 2011 to 2014. He holds a Postgraduate Degree in Digital Marketing from ESPM.

Diego Almeida – Programmer

Diego is an expert in web programming with an experience spanning more than 15 years in the field. He previously served as the System Development Coordinator for EvoIT from 2010 to 2017 and as a programmer at CBA from 2004 to 2009. He holds a Bachelor’s degree in Information Technology Management from the Uninter University. He is also skilled in product development and business analysis.

Jorge Busana Jr. – Web Designer/ Front-end Developer

Jorge has a 16-year experience developing user interfaces for various companies in Brazil. Prior to joining CriptoHub, he served as the Commercial Manager at ICC Angola from 2012 to 2016 and as an Online Commercial Manager at Casacon Home Center. He is especially skilled in Marketing Communications, Product development, and Adobe Photoshop.

 ICO Scam Check

In an attempt to identify the legitimacy of the company, we traced the social media pages and thoroughly scrutinized the website for any potential sign of a scam. We also searched for online reviews about the ICO and checked if there was any complaint that pointed to CriptoHub being a scam. Our findings conclusively indicated that the ICO is a completely legitimate venture. The feedback from the cryptocurrency community is positive, and we can, therefore, advise investors to invest their money in the ICO.

Furthermore, all the team members of the CriptoHub ICO are professional with credible social media accounts and a solid knowledge base that shows they are able to actualize this project. The roadmap of the ICO is also realistic and achievable, unlike scams which solicit fake promises to woo investors.

CriptoHub ICO token sale

The maximum supply of CriptoHub (CHBR) tokens is set at 100,000,000 out of which 55,000,000 CHBR tokens will be available in the token sale. The price for one token is currently set at 1 CHBR = 0.0005 ETH which is pretty affordable.

Token Distribution metrics

  • Token sale (Both public and private sale): 55%
  • Team and founders: 20%
  • Advisors: 15%
  • Bonuses and Reservations: 10%

ICO token price

1 CHBR = 0.0005 ETH

  • Accepted Currencies: BTC, ETH, DASH, LTC.
  • Restricted region: United States of America

The following bonuses will be available for participants depending on how early they invest in the ICO.

  • The first 14,000,000 CHBR: 40% bonus
  • 14,000,000 to 24,000,000 CHBR: 25% bonus
  • 24,000,000 to 34,000,000 CHBR: 15% bonus
  • 34,000,000 to 44,000,000 CHBR: 10% bonus
  • 44,000,000 to 55,000,000 CHBR: 0% bonus

CriptoHub ICO Business Model

According to the whitepaper of the ICO, CriptoHub’s business model is quite simple and straightforward. Just as normal cryptocurrency exchanges operate, CriptoHub aims to generate profits from the venture mainly by charging a small fee for every transaction that will be carried out on the platform. These transactions include currency exchange and trading, a deposit of either fiat or digital currencies, and withdrawal of these currencies.

In addition to this, CriptoHub will generate revenue by charging various fees to clients holding the CriptoHub credit card. Some of these fees include card issuing fee, monthly service fee, loading fee, exchange fee and many more.

MVP

The minimum viable product is an exchange platform with capabilities limited to only cryptocurrency exchange. The minimum viable product is expected to be launched on June 2018 after the ICO has been concluded.

Capitalization potential

The goal for the CriptoHub ICO is to raise 10,000,000 US Dollars by selling a total of 55,000,000 CHRB tokens in the token sale. Considering the huge Brazilian market that the project aims to cover and the fact that the token is set at an affordable price of 1 CHRB = 1.82 USD, one can conclude that the ICO has a huge capitalization potential. There are numerous similar ICOs related to cryptocurrency exchange that has been successful in the recent past. One such ICO is the Globitex ICO that was able to raise its target amount of 12,300,000 US Dollars in one day. Considering CriptoHub’s target amount is a notch lower than that of Globitex, one can predict that the ICO will be successful as well.

ICO Market Research

The CriptoHub exchange platform currently targets cryptocurrency investors from Brazil only. The Brazilian cryptocurrency market currently has a total of 1.5 million investors, and the number continues to grow daily. The value of cryptocurrencies, mainly Bitcoin, that are traded daily sits at 75 million US Dollars. These figures indicate that there is a huge demand for cryptocurrencies in the Brazilian market that is waiting to be filled. Existing exchanges quenching this demand are flawed and deficient in a number of ways ranging from high fees to terrible services. The approach taken by CriptoHub is expected to solve these problems by offering greater scalability, robust technology and agility in processing transactions. This will make CriptoHub unbeatable compared to existing exchanges.

Another major market that is targeted by CriptoHub is the e-commerce industry in Brazil. For long, there has been widespread adoption of digital currencies as a reliable means of payment by various businesses all over the world. CriptoHub will be able to serve this growing market in Brazil through their pre-paid credit card that is expected to be released in the first quarter of 2019.

Potential/ Use cases

What makes the CriptoHub project, so special and practical is the fact that the project endeavors to solve a real-world problem that is currently being experienced by investors in the Brazilian cryptocurrency market. The CriptoHub ICO team has responded by developing a superior service that is user-friendly and efficient for trading a variety of cryptocurrencies at low rates. CriptoHub’s exchange platform will also facilitate the buying, selling and trading of CHBR tokens against other cryptocurrencies.

Furthermore, CriptoHub intends to develop a Blockchain payment solution that will allow e-commerce businesses across Brazil to accept payments securely in the form of crypto coins. This will also spearhead the adoption of payments in the form of cryptocurrencies in Brazil. All these applications indicate that the potential of the CriptoHub ICO is certainly huge.

Criptohub coin supply and purpose

The CriptoHub coin (CHBR) is an ERC20 token. The total coin supply is set at 100,000,000 CHBR. Out of this, 55,000,000 CHBR tokens will be available in the token sale. New tokens will not be generated, and any remaining tokens that will not be sold by the end of the ICO will be destroyed. The ICO has a fundraising goal of 10,000,000 US Dollars. After the conclusion of the ICO, the CHBR tokens will be available for trading on the CriptoHub exchange that is scheduled to be launched on 25th June 2018.

The CriptoHub coin (CHBR) will be used as the native cryptocurrency for powering the CriptoHub exchange. CHBR token holders will be granted exclusive benefits such as discounts on trading costs depending on the number of tokens they hold. The CHBR token system has been created using the world-leading Ethereum ERC20 technology hence the system can securely scale as the demand and number of transaction grows.

Compatible wallets and exchanges

CriptoHub has exclusively stated that the CHBR token will be available for trading on the CriptoHub exchange after the ICO is terminated. The CHBR token can also be stored in any of the ERC20 compatible wallets. MyEtherWallet, Mist, MetaMask, Ledger Nano S and imToken are notable examples of these wallets.

CriptoHub ICO Review Summary

As of yet, there are no Criptohub news or updates concerning the ICO. Everything appears to be on course, and we can only wait until the ICO is over to receive any further direction. The project solves some of the contentious issues currently ailing the Brazilian cryptocurrency market while offering a well-structured and superior service that has never been experienced in the South American nation. The team is capable of making Criptohub the best exchange platform to use in Brazil and also bring aboard a Blockchain payment system that is set to streamline payments using crypto coins across Brazil.

I hope you’ve enjoyed reading the CriptoHub review. Kindly visit our site for more insightful content on cryptocurrency related topics. Thank you.

Leave A Comment2 Comments on "CriptoHub ICO Review"

  1. Shimon Barabak
    Shimon Barabak May 23, 2018 at 6:35 pm

    Best review I found for this ICO. Keep up the great work!

    1
    • Mark Schwarz
      Mark Schwarz May 24, 2018 at 8:12 am

      Thanks!

      1