Cryptocurrency International Tanzania Limited is a globally renowned private limited liability enterprise located in the United Republic of Tanzania. It is one of the first organizations in Tanzania to offer its products in the financial technology sector. CITL eventually intends to revolutionize the global payment systems and transfer by leveraging blockchain technology. By integrating blockchain into the payment system the company has developed a dedicated decentralized cryptocurrency, denoted as Connect Coin (XCON).
Connect Coin (XCON)
Connect Coin is a standard ERC-20 Ethereum-based coin developed to ‘connect the world’ by streamlining the digital mode of payment and money transfer. XCON plans to empower merchants by facilitating them with a blockchain-based payment system known as Connect Pay to showcase and market their products and services. The company has also extended a global Connect Marketplace that allows consumers and merchants from around the world to efficiently take part in trading activities using Connect Coin.
How Does Connect Coin Functions?
- Through Connect Coin, holders can obtain goods and pay for services on any global platform that accepts Connect Coin like Connect Marketplace, Amazon, eBay, Alibaba, etc.
- The Connect Coin owners can purchase goods and services directly from the merchants. By allowing global merchants to be part of Connect Marketplace, the platform aims to enhance the Connect Coin acceptability to over 95%.
- Coin Holders can exchange Connect Coins directly to fiat money or any other cryptocurrencies through Connect App.
Through Connect App, users can collect, send, and receive XCON from other users within the platform in real-time. The app also allows users to pay for goods and services to merchants around the world who accept Connect Coins. Within the app users can exchange Connect Coins to other cryptocurrencies including BTC, ETH, etc.
Features of Connect App
Some of the essential features of Connect App include:-
- A Secure and reliable way of storing purchased coins
- Effortless to use and fast
- Low-cost transactions
- A simple means to pay for goods and services
Connect Marketplace is an advanced decentralized e-commerce network that has integrated distributed ledger technology. It is basically an extensive global market wherein verified service providers and consumers can connect with each other and transact safely via a single payment system.
Consensus Algorithm – Proof of Delivery
When packages are delivered to the concerned buyers, they have to confirm the delivery of the same through their signatures on the Connect Mobile App. This will ensure that the right package is delivered to the right buyer.
Connect Coin Token Sale
CITL is gearing up to offer 70 Million XCON tokens. These tokens will be issued in the following manner:-
- 76% – ICO sales
- 15% Founder and Management Team
- 7% Promotion of Referral Program
- 1%- Contingency
- 1%- Legal costs
Moreover, the fund gathered from the token sale will be allocated in the following way:-
- 35% – Connect Marketplace
- 30%- CITL Merchants
- 20%- CITL Exchange
- 15%- CITL Academy
Connect Coin – Facilitating Seamless Way to Transact Across the Globe
CITL has extended a global marketplace that brings buyers and sellers together and allows them to participate in trading activities efficiently via a single currency (Connect Coin). By incorporating blockchain technology, the platform aims to eliminate the existing concerns associated with fiat currency exchange such as security issues, double booking, volatility, etc., and enable consumers a secure, transparent, and reliable mode of payment.
Learn More about connect coin on https://connectingcoin.io/
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