Japanese Crymix to Change the Way Value is Transferred

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by Darya Rudz · 3 min read
Japanese Crymix to Change the Way Value is Transferred
Photo: Crymix

Crymix, a Japanese cryptocurrency project, seeks to enable real time exchange of value, in cooperation with academic institutions, local governments, nonprofits and corporations. ICO live now.

Crymix is a platform that seeks to utilize blockchain technology to transform the way business is done. Produced by Crymix INC, this project is a collaborative effort between developers and the University of Tokyo. Crymix team has been involved in cryptocurrency related business since 2013.

As we know, traditional crypto business is focused only on issuing new cryptocurrency and its circulation, that’s why it was decided to build a foundation in order to create a new economic system by combining the blockchain technology and the next generation business plan with exchange of various values and its essential effects in the Crymix project. Crymix team started developing a comprehensive platform that implements Smart Contract like Ethereum and is a stress‒free remittance system like Ripple.

Doing industry-academia joint research with national university in Japan, Crymix is building a research system that enables university intellectual property, know-how and academically valuable technology to cooperate with industry. The first mission of Crymix is to enable transferring of value to the right place at the right time by minimizing the barriers to the movement thus providing foundation of such ecosystem, where the world shares various values in real time.

The Crymix wallet can seamlessly manage fiat currency and cryptocurrency and can also act as an account of a cryptocurrency exchange. In other words, the tool is a universal wallet that has no time and no place restrictions on remittance and can exchange appropriate values everywhen needed.

The reference currency for all services of the Crymix platform is cryptocurrency Crymix (CRX). It is the settlement currency at the time of using the service and the peg currency at the time of currency conversion. In the Crymix wallet, fiat currencies and cryptocurrencies are pegged to CRX, with any currency or value being converted smoothly and efficiently.

In the future, Crymix plans to utilize industry‒university cooperation mechanism, joining forces with national university to accelerate further research, development, and wider adoption of proposed innovative platform based on the next generation blockchain, originated in Japan. Crymix will also engage with the cryptocurrency exchange industry in Japan and overseas, listing Crymix (CRX) currency along with the major cryptos.

In addition, Crymix will launch ICO (Initial Coin Offering) to sell CRX points that will be converted to ERC 20 standard CRX token. It is planned the the funds raised during the ICO will be used for research, development, operation expenses, and etc.

The ICO is currently on its second stage (4 periods in total), which is to be live till April, 30th. The startup offers  its CRX at the price 150 JPY per CRX allowing for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) settlement for 0.017 BTC, 0.32 ETH, and 258.6 XRP correspondingly.

Blockchain News, Cryptocurrency news, News, Token Sales
Darya Rudz
Author Darya Rudz

Darya is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in finding the ways blockchain can change different industries and bring our life to a different level.

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