Cred, a micro-investing platform for cryptocurrency announced it will integrate access to the Komodo Platform. This is the latest partnership in a series leading up to the release of the Cred app this July.
“We are thrilled to announce this partnership with the Komodo Platform, which has incredible security and equalizing mechanisms that will only enhance the Cred platform,” said Brendon McQueen, Founder & CEO of Cred.
The Komodo Platform allows users to build and secure your own independent blockchain, crowdfund and launch a decentralized ICO, and integrate and exchange with the entire blockchain community through their atomic swap technology.
Komodo Platform developers have created a system where all coin investors can compete equally. They have done this by taking proof of work, or the computer power that makes new coins, and making it easier for average folks to complete. This has the effect of making the Komodo system faster while taking away opportunities for miners with really fast equipment to “cheat” the system.
The Cred app platform provides one of the only fiat on-ramps for investing in cryptocurrency, meaning users can use USD to invest directly into altcoin (not just Bitcoin) projects. Existing investment platforms are complex and can make investing difficult for first-time investors, and layering cryptocurrency intricacies on top of that makes investing in crypto completely prohibitive for most people.
App features include the following:
- Round up your everyday purchases: Investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically invest $.45 into cryptocurrency.
- Set up recurring investments: Investors can set up weekly or monthly recurring investments into cryptocurrency. Transactions can be as much as $2,000 per month to start.
- Get access to mainstream and altcoins alike: Cred offers a variety of cryptocurrency investment options such as Bitcoin, Ethereum, XRP, Litecoin, and ZenCash as well as tokens such as Worldwide Asset eXchange’s WAX and Neblio’s NEBL. The app teaches investors what each token does and shares its history and relevance in the industry.
- Cap investments at $2,000 a month: The mandatory investment cap adds peace of mind for first-time investors who are averse to spending large sums at this stage.
