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CRD Network (Blockchain Service)

CRD Network (Blockchain Service)

A blockchain ecosystem that links crypto and traditional finance by bringing real-world data onchain in a Know-Your-Customer (KYC) and AML compliant environment.

1.1.3 Tokenomics

Token name: CRD

Protocol: ERC-20

Contract Address: 0xcaaa93712bdac37f736c323c93d4d5fdefcc31cc

Total Market Cap: 1 000 000 000 (pre-minted)

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CRDs were initially distributed via ICO in 2018, and traded on the main exchange (Cryptaldash), as well as secondary markets, like SushiSwap and UniSwap.

Portion of the tokens was bought back with the intention of reinvesting in the project.

Disclosure

This white paper is for information purposes only and may be subject to change. We cannot guarantee the accuracy of the statements made or conclusions reached in this white paper and we expressly disclaim all representations and warranties (whether express or implied by statute or otherwise) whatsoever, including but not limited to: • any representations or warranties relating to merchantability, fitness for a particular purpose, suitability, wage, title or noninfringement; • that the contents of this document are accurate and free from any errors; and • that such contents do not infringe any third party rights. We shall have no liability for damages of any kind arising out of the use, reference to or reliance on the contents of this white paper, even if advised of the possibility of damages arising. This white paper may contain references to third party data and industry publications. As far as we are aware, the information reproduced in this white paper is accurate and that the estimates and assumptions contained herein are reasonable. However, we offer no assurances as to the accuracy or completeness of this data. Although information and data reproduced in this white paper are believed to have been obtained from reliable sources, we have not independently verified any of the information or data from third party sources referred to in this white paper or ascertained the underlying assumptions relied upon by such sources. As of the date of publication of this white paper, CRD tokens have no known or intended future use (other than on the CRD Network, as more specifically defined in this White Paper). No promises of future performance or value are or will be made with respect to CRD Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that CRD Tokens will hold any particular value. Unless prospective participants fully understand and accept the nature of the CRD business and the potential risks associated with the acquisition, storing and transfer of CRD Tokens, they should not participate in the CRD Token event. CRD Tokens are not being structured or sold as securities or investments. CRD Tokens hold no right and confer no interests in the equity of any company. CRD Tokens are sold with an intended future functionality and utility on the CRD network and This white paper does not constitute a prospectus or disclosure document and is not an offer to sell, nor the solicitation of any offer to buy any investment or financial instrument in any jurisdiction. CRD Tokens should not be acquired for speculative or investment purposes with the expectation of making an investment return. No regulatory authority has examined or approved any of the information set out in this white paper. No such action has or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this white paper does not imply that applicable laws or regulatory requirements have been complied with. Participation in cryptocurrency projects carries a substantial risk and may involve special risks that could lead to a loss of all or a substantial portion of your contribution.

1- Introduction

CRD Network is delivering real world data OnChain, resulting in a Finance 2.0 ecosystem delivered via API endpoints to the oracles, dApps and end users directly. We define Finance 2.0 as a combination of DeFi transactions and services with CeFi (centralized finance).

Ecosystem includes KYC Data Module, Transaction Banking Module and a set of crypto and traditional finance microservices which are using Hyperledger Besu private sidechain to maintain immutability of all major events within databases. Each significant transaction is stored, broadcasted and validated by the independent set of Masternodes within Hyperledger chain, and further enhanced by regular rollups state of the system into ETH mainnet.

The Network’s infrastructure, built on Hyperledger Besu, ensures that any major transactions and sets of data (like KYC data) are stored in an immutable manner. The data cannot be counterfeited without leaving any trace, which greatly aids the compliance.

Goal of CRD Network is to create a set of unified and standardized CeFi data and DeFi protocols. Moreover, CRD network aims to reduce AML risks as well as transaction data for institutions and users.

1.1 Basic Concepts

1.1.1 The CRD Network ecosystem

CRD Network merges Decentralized Finance (DeFi) with everyday real-world data, Including financial history, real Asset prices and compliance data by creating a GDPR and AML compliant environment that lessens the points of friction between you and the future of finance.

FinTech products enjoy great flexibility due to Microservice architecture. This particular technology allows to plug and integrate new services (or blockchains) without any major changes to the system.

The main benefit of using this setup is its ability to interact and bring your everyday financial data on-chain.

CRD Network bridges the Data and Regulatory gap between the Onchain and the “offline” economy.

Currently, CRD Network consists of the following modules:

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KYC+KYT Module - Identity and document verification, AML, liveness check + crypto transactions compliance.

Rectangle

Proof-of-KYC engine (on-demand broadcasting KYC status of the user/address without revealing user details to the 3rd parties)

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Proof of Real Assets Reserves - Providing the capacity to connect your real world assets value to the onchain & DeFi world. It enables you to leverage your full asset base and interact with lending and the stack protocol.

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Transactional Banking module - IBAN accounts, cards & transfers.

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Crypto Custody - Iinsured custody, transfers & yield.

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DeFi module - Crypto decentralized trades in compliant manner.

Supplementary modules:

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Node explorer (validator nodes for all major transactions)

https://netstats.crdtoken.org

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Auditing module (regulator/auditor access point to verify KYC data)

https://auditing.app.crdtoken.org

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Auditing tools for regulators (to trace data)

1.1.2 CRD Token

CRD is a utility token based on the ERC-20 protocol, which is issued by the Ethereum blockchain.

There are several use cases for the token:

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Some transactions within CRD Network require to hold or spend CRD by the users

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Private CRD Masternodes, which allows users to stake CRD and validate transactions, thus increasing the strength of the network (in development).

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Several tiers of the crypto cards, where each tier requires to stake some CRD to get better rewards (in development).

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Cashback on cards in form of CRD (in development).

1.1.3 Tokenomics

Token name: CRD

Protocol: ERC-20

Contract Address: 0xcaaa93712bdac37f736c323c93d4d5fdefcc31cc

Total Market Cap: 1 000 000 000 (pre-minted)

piechart-01

CRDs were initially distributed via ICO in 2018, and traded on the main exchange (Cryptaldash), as well as secondary markets, like SushiSwap and UniSwap.

Portion of the tokens was bought back with the intention of reinvesting in the project.

2 - Infrastructure Overview

CRD and the aggregate CRD Network are designed to be built upon and have Decentralized Finance (DeFi) apps deployed on them. In other words, its primary value stems from its modularity, whereby third-party developers can build virtually any FinTech application on the network.

In this section, we will be discussing proposed use cases of the CRD Network as consumer, business and institutional products. But primarily, we will showcase various products and services that are currently being developed by our DeFi innovation partner, DLTify.

Timeline

Further Resources

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