CRD Network


January 2021


This whitepaper 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 whitepaper 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 whitepaper, even if advised of the possibility of damages arising. This whitepaper may contain references to third party data and industry publications. As far as we are aware, the information reproduced in this whitepaper 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 whitepaper 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 whitepaper or ascertained the underlying assumptions relied upon by such sources. As of the date of publication of this whitepaper, 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 sand 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 whitepaper 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 whitepaper. 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 whitepaper 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

The CRD Network is a decentralized ledger system that seeks to bridge the centralized fiat financial world, with all the applications of decentralized ledger systems - thereby eliminating the gulf between normal retail banks and the crypto world, and vastly reducing transaction costs.

It is based on a subnetwork of the Ethereum Blockchain but uses its own tokens, known as CRDTokens, as an intermediary currency to ensure ledger compatibility and easy transferability between the different financial spheres.

The system interaction between the ledger and the CRD Tokens (CRD) is known collectively as the CRD ecosystem. Transactions are secured by a network governing APIs (CRD Network) enabling interoperability between classic banking services and crypto banking services.

1.1 Basic Concepts

1.1.1 The CRD ecosystem

This is a direct link of transactions between the centralized financial world, as well as the decentralized ledger systems underpinning various blockchains. The main benefit of using this system is that it enables a drastic simplification between normal fiat currencies (everyday currencies - USD,EUR, GBP, etc) and cryptocurrency by reducing operating friction, and thereby making transaction fees negligible.

Users that wish to conduct transactions in this network, will use CRD as their only payment mode. In other words, all cryptocurrency or fiat currency when transacted within the network is logged as CRD, but can easily be converted into the asset of your choice.

At its core, the CRD Network is an API inter hub between crypto and fiat worlds; by leveraging the data streams from spheres it serves as a modular substrate, upon which FinTech apps can be built and operated.

The operant purpose of the CRD Network is to compute transactions and thereby optimize the flow of operations by bundling them and simplifying the flow of data. In this way, the output which gets executed on the Ethereum Blockchain takes advantage of economies of scale and thereby reduces the comparative cost of transactions.

1.1.2 CRD Token (CRD)

This is a secondary validation token, based on the ERC-20 protocol, which is issued by the Ethereum blockchain. While the coin has been pre-minted, it gets distributed across the system upon logging transactions into the CRD Network.

It is limited in its supply, and there is only 1bn CRD in circulation. At its core, it is designed to act as an access token network currency.

Nevertheless, it is presently in a transitionary period, as adequate liquidity capital reserves are still being built but the long term target is for 1 CRD to keep a stable value relative to the euro; though it will maintain its free-floating status, as the exchange ratio happens via active management, not an actual 1:1 peg against the euro.

In addition, users can receive CRD Tokens as rewards for helping the stability and the liquidity of the CRD network. This is done via its liquidity programs.

Wider Adoption and Utility of CRD Tokens

Over time, the applications of the CRD Tokens will grow. The CRD Network has a program in place whereby they bootstrap the third-party development of new innovative uses of the system.

As new applications become available, demand for the network capacity will grow, and thereby the network itself will be strengthened. Every additional user within the system removes the friction between the potential transactions, given that they hold CRD, which was converted from another asset

The CRD Token system is being utilized in partnership with DLTify, which is providing additional technology use cases and driving the adoption via influencer marketing.

In addition, the payment utility is pending integration.

1.1.3 Tokenomics

Coin Symbol


Total Supply (capped)
Supply Management
Active Supply Management via treasurer committee.
Network Fees Distribution
% of Network fees
Validators and Nodes
Master Node Operators

1.1.4 Stability Program

CRD is a free-floating currency that is not actively managed, with the medium-term goal of reaching price level stability with the EUR, not a peg.

In other words, unlike some other cryptocoins out there, it’s not artificially linked via an embedded smart contract with the express goal of maintaining price level stability , no matter what, as network operability is deemed to be a priority.

Nevertheless, the governance board does have the intention to reach a point wherein the value of 1CRD is stable over time.

1.2 Formal Definitions



Application Programming Interface (API)

It is a computational protocol allowing for the communication of various differentially programmed systems.
The CRD Network is partially designed to function as an API infra Hub, and thereby bridge the crypto and fiat world.

Fiat Currency

Is a government-issued currency that isn't backed by a commodity (USD, EUR, GBP, etc). Its main source of value is a collective belief that it’s worth something.
By contrast, fungible currencies, like Ether(ETH), are backed by computing power, or some other predefined commodity

Decentralized finance (DeFi)

Is a means of finance not reliant on financial institution intermediaries such as(exchanges, or banks), and instead utilizes smart contracts on blockchains.

ERC-20 Token

They are smart contracts that execute in the Ethereum blockchain. Their framework is flexible enough to permit various use cases, without interrupting the Ethereum blockchain.
CRD Tokens are one such contract, which are used in the CRD Network as a means of tallying the transactions and account balances of the network users.

CRD Network (the CRD ecosystem

A network that seeks to bridge the centralized financial world, and the decentralized finances (which includes all applications of decentralized ledgers).

CRD Token

Is a pre-minted validation token given when logging transactions into the CRD Network, it is presently in free-float, although long term it is designed as as table coin that has price level stability with the EUR.

Master Nodes

A type of complete node within a blockchain network, which can carry out certain tasks or services.
Only Master Node Holders can execute certain actions.
Through this system, you increase the possible transactions per second, as well as limit malicious activity by Master Node Holders acting as validator and guarantor.

Master Node Holders

Users who have staked CRD into the network via a smart contract, and there by act as guarantors and validators.
In addition, they get votes in proportion to their financial commitment to the CRD Network and through them, they can affect the policies underpinning the system


Is a decentralized cryptocurrency exchange, which enables automated transactions between cryptocurrency tokens on the Ethereum block chain through the use of smart contracts.
CRD Network utilizes both Uniswap and Sushiswap to create liquidity pools to ensure easy convertibility between currencies.


Is a decentralized cryptocurrency exchange, which enables automated transactions between cryptocurrency tokens on the Ethereum block chain through the use of smart contracts.
CRD Network utilizes both Uniswap and Sushiswap to create liquidity pools to ensure easy convertibility between currencies.


A network fork of SushiSwap and UniSwap.
It is one of the primary sources of a Liquidity Pool for CRD.

Liquidity Pool

Decentralized collection of assets held by various users to provide the CRD Network with liquidity to run the system
Users are rewarded with CRD Tokens, and the yield is tiered according to both the length that the assets are locked, as well as the value of the assets

2 - Possible Infrastructure usage

More than just a coin with an associated subnet, CRD and the aggregate CRD Network are designed to be built upon and have Decentralized Finance (DeFi) apps deployed on it. In other words, its primary value stems from its modularity, whereby third-party developers can build virtually any Fin Tech application on the network.

Experimentation is encouraged within the CRD Network. In fact, third-party developers can receive a stake of CRD, as financing, under the condition that they build their use cases with a target audience in mind.

While the specifics of this system will be discussed in more detail in section 8, the abridged version is that the third-party developers work in tandem with a social influencers with a audience. Through this pairing, the social influencer can craft a product custom-built to their followers’ needs, while the third-party developers are able to launch their products with a built-in audience, and proof of demand.

In this section, we will be discussing proposed use cases of the CRD Network as consumer, business and institutional products. Primarily though, it’s a showcase of various products in development by our DeFi innovation partner, DLTify.

2.1 Crypto/Fiat Banking

The CRD Network is not only a means of systematizing and optimizing transactions, it’s also a means by which you can store capital. And given that the system is designed to serve as a bridge between the crypto and fiat world, it can accommodate for either preference or both simultaneously via the Wallet system, which is built on top of the CRD Network.

The Fiat/Digital Wallet has three major components:

2.1.1 Fiat Ledger

This portion of the CRD Network Wallet holds the major traditional fiat currencies of the world (USD,EUR, GBP and SGD) and operates much like a normal high-street bank account might.

The primary difference is that instead of having to get various accounts to hold each currency, the Wallet is like having four traditional bank accounts in multiple countries at the same time.

In other words, you can easily send and receive major currencies. And you even get bank account numbers for the Eurozone, US, UK and Singapore. So you can send and receive payments from people with no association to the crypto world.

From the outside looking in, it looks like a regular bank account of each of the specific countries, as you get:

  • USD account numbers
  • Euro IBAN account numbers
  • British Pound account numbers
  • SGD account numbers

Our fiat ledger is ideal for both businesses and consumers with a global perspective.

For companies, being able to leverage the CRD network this means that they have the ability to provide customers with local account numbers, and thereby they can pay into local currencies, as often an obstacle for overseas clients are the currency conversion fees.

On a personal level, you can use the Wallet as a means to travel and spend in a local currency, thereby bypass expensive exchange fees. You can also make international purchases and potentially even get better prices for products and services, as some businesses, like airlines, have geographically based pricing.

Put simply, the Fiat Ledger gives you all the flexibility of having bank accounts all around the world, without going through the trouble of setting everything up.

2.1.2 Cryptocurrency Ledger

Another portion of your wallet is able to store many of the major cryptocurrencies, including BTC,ETH, BCH, BSV and USDT20.

In addition, you have access to over 100 of the most liquid tokens.

2.1.3 Non Fungible Tokens ( NFT’s )

This is the final, and most unique portion of your Wallet, as it can store Non-Fungible Assets that operate based on the ERC-1155, and ERC721 smart contract protocols.

At its core, an NFT is a cryptographic ID representing ownership over a unique item.

NFTs aren’t solely reserved for the cryptocurrency world. They may denote something as tangible as the deeds to a house, or as intangible as clothes for a character in a Videogame.

The key component is that they’re IDs representing unique items that can be identified based on their specific characteristics, as well as a traceable chain of ownership from the point of creation.

However, NFTs are not just an alphanumeric code assigned to a specific item. The protocol under which they are built allows for the creation of smart contracts.

In other words, NFTs can automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement, due to their smart contract functionality

As such, through this, you can create hyper-specific contracts that ensure impartiality and documentation of the chain of ownership.

Due to its flexibility, you could, for instance, say that a house is worth $1m plus a cookie; and so if you found a buyer for that house, they would trade the $1m plus an NFT representing the cookie from a store, for an NFT representing the house. And all this would be mediated via a smart contract.

So this is the most adaptable portion of the wallet, in that it does not simply store assets, but it can also store executable instructions relating to those assets.

2.2 Dedicated Crypto Banking services

2.2.1 Crypto Banking Services

CRD Network’s goal, in regards to its banking services, is to beat the traditional banks with their neobank business model. By seamlessly bridging the worlds of traditional banking, along with the cryptocurrency world, It is able to offer far more than either one of these spheres could do by themselves.

Here’s a brief list of the main utility you gain by using CRD Network’s services:

  • Trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dash (DSH), Tether(USDT20) or any ERC-20 product.
  • Trade with confidence using the Wallet of your choice. Choose between your payment card, Crypto/Fiat digital Wallet, or a bank transfer to buy the virtual currency of your choice.
  • Purchase with a payment card (Visa or Mastercard) or via bank transfer without opening an account. Access liquidity in major centralized and decentralized exchanges to enjoy low slip page cost.

As such, in contrast to previous banking institutions, that either scorned crypto or were too illiquid to be able to effectively deal with fiat currency, the CRD Network and operating protocol is able to store value securely, much like a high-street bank would, while also maintaining the connection and benefits of the decentralized world.

2.2.2 Decentralized Finance Investment Services

The main benefit of a decentralized financial network is that each peer within it can bring different traits into the mix. And each integral member within the system can be better off by incorporating these different elements into the network.

For example, let’s say you have a good credit score, you can take a loan at 3% p.a. from a traditional bank. The bank has given you this because it has determined that you can easily repay this money, but you have no immediate business need for it.

However, the CRD Network allows you to use this “cheap money” that you’re being offered and actually put it to good use. As you can use this leverage to provide a loan within the CRD Network that yields an interest of 10% and you can then pocket the 7% difference.

The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. And so, in aggregate, the wellbeing of the network users improves by removing inefficiencies and letting the free market guide it closer to its true cost. As in the past, bankers would have done a similar thing, only that their rates might have been arbitrary and charge far more fees.

This is the crucial difference of the CRD Network, its financial products are offered peer-to-peer, and based on market realities, instead of the whims of a banker.

The CRD Network improves market operation, as it allows borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. Through this subnet, you can take advantage of various opportunities on Compound, Maker DAO, Fulcrum and more.

2.2.3 Active Investment Products

DLTify, our FinTech partner in the CRD Network, is tasked with developing use cases for CRD.Among those applications is using the efficiency of the CRD Network to come up with predesigned trading strategies that users can opt in to.

Here is an example of how one such strategy might operate:

  • The investment vehicle, in the form of a structured product protocol starts with a pool of$45,000 in USDC tokens. Then, it uses this proof of capital to leverage itself and borrow another$405,000 in USDC on the dYdX trading platform, for a total of $450,000 in USDC.
  • Through algorithmically driven trading, it exploits minute fluctuations between a stable coins’ face value of $1 and exchange quoted prices. In this way, it can sell when it is higher than it ought to be and buy when it’s lower than it should be as well. Through this trading algorithm, the protocol was able to use the Uni swap decentralized exchange to invest the original $450,000 of USDC (from step 1) into $492,000 of USDT.
  • The program then swapped $492,000 of USDT for $492,000 of USDC on Curve, a decentralized exchange.
  • After which, the executable protocol paid off the $405,000 loan from dYdX and had $87,000USDC remaining. Meaning that the strategy had yielded a 93.3% ROI in the short timeframe it took for the algorithm to execute.
  • The algorithm then uses these returns to pay off any outstanding transaction costs, in this case, they amounted to $2,000 in fees.
  • Profit, after ancillary charges, stands at $40,000 from an initial investment of $45,000.
  • The protocol’s final instruction is then to parse out the $85,000, which means that the full algorithm, including transaction costs, has an ROI of 88.8%.

2.2.4 Passive Investment Products

Another positive point of the CRD Network is that it allows for the creation of “synthetic assets”,so-called because they allow the users to be able to mimic the behaviour of an asset without needing to own it.

Without getting too technical, a synthetic asset might be viewed in a similar way as derivatives in the traditional banking world. Reason being that you can buy an asset that derives its fundamental value from some underlying characteristic in an asset class.

You could, for example, have a synthetic asset tracking the behaviour of a collection of stocks, similar to how ETFs do in the stock market. Or you could track the behaviour of a single stock.This is done via the use of smart contracts, whereby every offer is matched with an identical counter-offer, minus a small fee:

  • An order to sell a specific synthetic asset that matches Stock A, is matched to another one userwithin the network that wants to buy Stock A at the current price;
  • An active call option on a synthetic asset (giving the owner the right, but not the obligation to buy the synthetic asset) is matched by a put option on the same synthetic asset (giving the holder the right to sell the underlying asset at a specified price on or before maturation); and so on.

As such, through these matching algorithms, CRD Network users can invest in all manner of stocks, or derivatives thereof, without having to leave the CRD Network.

The benefit of this is that oftentimes investment into various asset classes is geographically locked. And through these synthetic assets, you can bypass these regulatory restrictions, given that you don’t actually own the underlying assets, but a representation thereof.

Think of it as someone forbidding you by law to look at a painting, but someone shows you a photo of it instead. It’s an elegant solution to be able to gain passive exposure to a whole world of asset classes you might not have otherwise had access to.

2.3 R&D: DeFi Banking Products

As mentioned before, DLTify is currently our main FinTech novel applications provider for theCRD Network. They research and develop new means by which CRD Tokens can be utilized to remove inefficiencies in both crypto and fiat transactions.

And so, we will present to you one such new use case of DeFi:


A perennial problem in the crypto world was that asset trades happened on trust (one sent the token, and then hoped the other side sent their respective side of the trade), while the other option was going through third-party intermediaries (which would hold the assets of both parties in escrow and then give each member the assets they were exchanging for).

As you might imagine, this was a system rife with scams and/or with major transaction costs. This meant that many trades that people wanted to do were simply not economically viable, or likely even possible.

A proposed solution to this are Atomic Swaps, so what are they?

What are Atomic Swaps?

An atomic swap is a peer-to-peer trade, wherein assets are exchanged between parties without the need of an intermediary, like an exchange, or having trust in the goodwill of the party.

It is done via the use of a smart contract, specifically, a Hash Time-Locked Contracts (HTLC),which is a class of payments that require that the trading parties either acknowledge receiving the payment prior to a deadline, or forfeit the ability to claim said payment, and thereby refunding the proposed asset to the original parties.

In essence, the smart contract itself becomes the intermediary by temporarily holding the assets in escrow.

Through this method, you can create trades across various blockchains by ensuring that either party only gets their desired outcome, and if not, the trade is refunded.

How it Works

For simplicity’s sake, rather than talking in theoreticals, let’s give a specific example:

  1. John wants to buy an asset using their eurozone bank account, while Peter wants to sell this asset and receive euros.
  2. Given that neither John nor Peter know each other, they need a means of being able to trade without either of them having the chance of getting scammed. As such, they use cryptographic protocols such as Nimiq OASIS, to create a smart contract that connects John’s eurozone bank account through CRD Network. Both parties send their assets to the contract.
  3. Upon receiving the money from John via his eurozone bank account and Peter’s asset via his digital Wallet, the smart contract then waits for acknowledgement and acceptance of both parties. If either party rejects the trade for whatever reason, or the contract times out, both parties are refunded what they originally sent to the contract.

Our approach

CRD Network integrates seamlessly with DLTify’s protocols and technologies and gives them access to the regulated markets. Together, we offer an array of specialized banking services.

CRD Network´s integrations will narrowly follow the adoption curve of the various DLTify protocols. The banking services that are offered through the CRD Network will be tied to DLTify’s technological applications of decentralized ledgers.

3 - Network Architecture

3.1 What makes it possible

The second Payment Service Directive (PSD2) is a 2015 EU Directive regulating payment service providers throughout the Eurozone, with the ultimate goal of building a more systematized European transactions market, as well as increasing security for customers.

While most of it is not immediately relevant for CRD, the regulatory directive required banks to provide open APIs, a protocol that allows external programs to be able to read and interact with the bank’s data, after passing certain security checks.

In turn, this enabled third-party developers to utilize this information to provide add-on applications and financial services.

As such, PSD2 tangentially solved the last major obstacle in bridging the crypto and the fiat world.In other words, CRD’s integration into the traditional bank’s API allows it to connect directly to the operations of high-street banks and thereby you can seamlessly use the contents of your bank accounts within the CRD Network.

By proxy, once your funds have managed to reach the CRD Network, it is very easy to get involved in the crypto world. Vice versa works as well, as you can convert your various cryptocurrencies into CRD’s and then transfer the value to your bank account, which gets converted into fiat currency upon leaving the network.

3.2 Transaction Fees

The CRD Network will enable user interfaces and apps to be built on top of this system architecture.

However, these new apps built within this framework will have to charge fees in order to function. While the users themselves will only see the charge as a single fee per transaction, the revenue generated from them will be split in two in order to serve different elements of the system:

  1. CRD Network Fees
  2. Ether Fees

This is because the computing power required to initiate a given transaction is paid by the CRD Network. Nevertheless, once the transaction is initiated and confirmed by the different peers, it’s passed onto the Ethereum blockchain to be executed at a broader network level.

It bears mentioning that given that the fee charge happens once per transaction, both elements are packaged together. In other words, given that the broad infrastructural management happens at the Ethereum blockchain level, the charge is relative to the price of Ether, though instantly swapped, and so the user never has to deal with this complication.

3.3 Computing Power

The CRD Network operates by a distributed node system, which can be independently managed. It is accessed by a staking mechanism, similar to the ‘proof of stake’ mechanism that exists in the Ethereum network, meaning users with a higher number of staked tokens hold more control.

In other words, CRD stakeholders can stake 1,000,000 CRD in order to operate a node and become a Master Node Holder, and thereby earn fees proportionate to the general availability of nodes and their operating use.

Then, when a large enough bundle of transactions has been collected and needs to be executed, it is packaged, and executed on the Ethereum network (as this is where most of the endpoint of standard executions are happening).

This creates a two-layer system, wherein most complex computations happen at the CRD Network level, and then the refined instruction package is executed on the Ethereum network (although the system has the capacity to operate on other blockchains if the need arises). Hence the system has two authentication protocols, which ensure efficiency and safety, as the two ledgers must coincide at all times to function.

3.4 Governance

Presently the operating principle under which policies regarding the CRD Network are designed is to develop use cases of the technology to increase demand while limiting the supply of the pre-minted 1bn CRD.

Through this induced scarcity, the price will trend upwards from its current free-float state, until a CRD can have approximate price level stability with EUR. not a 1 to 1 PEG.

Thereafter, policies will be enacted with the purpose of maintaining this stability; chief among our monetary policies is limiting or increasing the supply of CRD depending on the direction in which we require the price to move in order to maintain price level stability.

It bears saying though that network operability is prioritized over maintenance of the pre-agreed exchange range, and thus, while actively managed and with aspirations to be a stable currency, it will remain in free-float.

The governance of the CRD Network is done via two layers:

  1. The World Regulated Digital Asset Exchange Operators Association (WACEO), a non-profit organization, maintains the organizational and regulatory requirements.
  2. Master Node Holders, vote in proportion to the stake they hold of the Master Nodes, through the CRD treasury management committee to decide on macro policies regarding CRD management.

3.5 Third-Party architecture

The CRD Network is designed to operate as a substrate wherein third-parties are encouraged to build and deploy their financial applications on the blockchain.

In section 5 we will be discussing in detail how third-party teams are encouraged to work on applications. Though suffice it to say that CRD’s design philosophy in regards to the network, is that the more use cases are created, for which there is demand, the more widespread adoption of CRD happens.

As such, the CRD Network operates as an API infra Hub, which is able to collate and parse through data from the fiat and crypto sphere. And thereby it has a greater potential for FinTech solutions than you would find in either realm.

Furthermore, the underpinning modular design philosophy of the CRD Network allows apps designed within the network to communicate with each other. In other words, a novel application might depend on operations that happen on other apps within the network.

The more innovative third-party applications there are, the more they can be restructured to be able to enhance utility or even create new functionality.

4 - App Development

As mentioned in section 4.5, the CRD’s Network is designed with modularity in mind. In practice, this means that third-party developers are allowed, and even encouraged, to build and deploy new applications on the blockchain.

If a promising third-party signals interest in developing an application for the CRD Network, they will be provided with CRD, as a means of financing, provided that they adhere to two conditions:

  1. They have to have a technological use case that can be deployed and eventually profitably executed on the CRD Network; and
  2. They have to partner with a large social influencer to design a bespoke product with built-in demand. It also bears mentioning that the application has to adhere to safety and regulatory protocols, as determined by the WACEO board.

In this way, the CRD Network itself acts as a bootstrapping mechanism to idea-rich, but resource-poor, developers while simultaneously creating applications with built-in demand, given that the influencers leverage large audiences. After which, the apps will eventually pay for themselves via fees and evangelization to new audiences.

At first glance, this model might seem unorthodox. Nevertheless, the pairing between a development team and a social influencer is a model that has worked well for the network in the past.

DLTify, our largest DeFi technology provider for the CRD Network, is a perfect example there of. So far, they have worked with two influencers, and there have been good positive initial results:

  • Micka Lamasse (c.350k followers across social media) - via his partnership with DLTify was able to launch Tacoswap (a decentralized exchange), as well as a crypto4u neobank.
  • Tom Brusse (c.380k followers across social media) - is launching a campaign in Q1 2021

The third such example will be coming out in the next two months with a large campaign.

5 - Liquidity and Stability Programs

5.1 Liquidity Reward Program

CRD Liquidity Pool

As mentioned in the previous section, in order to reduce the inherent volatility and nicheness of a lot of cryptocurrencies it is necessary to ensure easy token convertibility into more mainstream blockchains.

Every time a conversion between CRD and ETH happens, the CRD Network solicits the CRD Liquidity Pool, exchanges the user’s ETH for CRD, and then distributes it across the first layer of validation.

Thereby the system can assuage many of the major concerns for potential users, by ensuring immediate convertibility, and thus you indirectly fuel demand. With more transparent and larger markets, prices stabilize.

To that effect, to ensure liquidity and hence convertibility of the CRD, we are launching the CRD Liquidity Pool, which will reward users for lending their ETH as capital to be used by the CRD Ecosystem and thus reduce market frictions.

As the CRD Liquidity Pools expand, community members can enter larger CRD positions with confidence, as transaction costs are reduced and the stakes can easily be converted into other currencies.

Our CRD Liquidity Pools will be based on the Uniswap, Sushiswap and Tacoswap decentralized exchanges (DEX). As such, those DEXes will be the gateway into the CRD Network, whereby the cryptocurrency community can easily trade CRD.

In this way, the CRD ecosystem is diversified and has multiple access points, in case any individual one might fail. By continuing our support of all three DEX platforms, we continually deepen the CRD/ETH liquidity pool.

6 - Timeline

The following tables reflect a schedule of planned events affecting the CRD Network on the technical, and user adoption level.

Q1 & Q2 2021 Technical Timeline

Q1 & Q2 2021 Adoption Timeline

7 - Conclusion

The main problem in the cryptocurrency world is that many market participants are fuelling a speculation bubble. Short term thinking often governs these projects, as it has unfortunately been interpreted as a “get rich quick scheme”.

The CRD Network, and the CRD Tokens, are a long term project, they’re not meant for speculatory short term growth.

The Tokens themselves are to be liquid, thereby allowing for the creation of a network ecosystem that can breed innovative FinTech applications without the risk of wild currency fluctuations destroying entire business models overnight.

The network is an infrastructure bridge that enables interoperability between the fiat and the cryptocurrency world, as it acts as an API infra Hub. And on top of this bridge, one can build innumerable applications that interact with each other via the CRD tokens.

Modularity is key, and community participation is actively encouraged, as each additional user, or new use case, increases the value of the network as a whole.

In sections 2 & 3 we discussed the incredible flexibility and adaptability of the technology, whereby entire financial industries were mimicked in a decentralized manner. Presently, we’ve only just begun to understand the possibilities of this new technology.

And so, if you’re someone that can see the potential of the technology, and its long term exponential adoption possibilities, we would like to welcome you into the CRD Network and the future of finance.