Centra Tech, the company behind the first multi-cryptocurrency debit card, will launch the Initial Coin Offering (ICO) of the CTR token on September 19th, 2017 at 12:00am EST (Eastern Standard Time – New York Time 00:00am).
Initial Coin Offerings are an innovative way for startups to raise funding, and deliver a token to its users, who will be able to interact with the platform, in this case, Centra Tech is preparing the launch of three innovative products that will give value to the whole Centra network, all featuring the CTR token. ICOs have been featured in mainstream media, and each day thousands of new users take part in this revolutionary funding mechanism. Acknowledging this fact, the Centra team continues to secure key alliances and partnerships, like the one recently announced on September 14, the World Champion Boxer, Floyd ‘Money’ Mayweather JR joined Centra Tech as an official Brand Ambassador further expanding the Centra brand.
Users who contribute 5 or more ETHs to the token sale will be eligible to receive a Centra Blue debit card, the entry level version of the first Centra Tech product which is available worldwide.
The Centra platform runs the Currency Conversion Engine Module (CCE Module) which allows real-time conversion of all supported cryptocurrencies to give the user the ability to spend their assets in real time anywhere in the world that accepts Visa or Mastercard. The CCE module works transparently, and users won’t have to manually exchange their crypto holdings, receiving the best available rate, without any intervention needed.
Regarding the importance these cryptocurrency-based financial product represents, Sam Sharma, president and co-founder of Centra said:
“Centra is accomplishing a solution to one of the biggest issues in the crypto world; spending your cryptocurrency assets in real time in the real world. Working with the Blockchain is creating a solution for consumers to spend 160 Billion dollars in market share.”
As of July 2017, the Centra team has managed to achieve several milestones:
- Operating with engineers, architects, lawyers, advertisers, and bankers to set the establishment of the Centra Team.
- Developed Centra Wallet Beta App for iOS and Android.
- Worldwide Debit Card Partnership for both United States and International.
- Secured $7 million USD in operational finances.
- Developed and tested the Currency Conversion Engine to work progressively with quick exchanges.
The conversion rate set on the ICO will be 200 CTR tokens per 1 ETH. As part of the other product offerings that will give value to the CTR tokens, Centra Tech will launch Cbay.io, a innovative virtual marketplace that will allow users to spend their cryptocurrencies, debit card funds, or CTR tokens on thousands of products such as electronics, clothing items, household goods and more with worldwide shipping. The platform will eventually support third party sellers and merchants. Cbay.io will be launched on November, 2017 following the completion of the token sale.
Centra Tech, an innovative blockchain company, is developing a blockchain platform that will deliver the world’s first convenient and cost-effective avenue where customers can effectively buy and sell products with cryptocurrency in an online marketplace. The team at Centra has also developed applications that enable users to exchange cryptocurrencies and fiat in real time with up-to-the-second accurate market rates.