Review on TerraCredit DAO

So far, cryptocurrency had shown to the world that a currency can actually exist without the intrusion or involvement of government or regulatory bodies, and financial firms like banks. It is completely online – digital, and is apparently immune from anything hat might shake the present economy. Though, cryptocurrency is still finding ways of acceptance as a valid means of payment throughout the whole world. However, it has been inarguably growing in terms of acceptance with everyday passing. Some countries like Malta has legalized a lot of processes related to blockchain technology. Also. SEC had been regulating blockchain, crypto assets, cryptocurrencies and all other businesses associated to blockchain technology. Consequently, in the future, everyone won't have choice than to embrace cryptocurrencies as a payment gateway just as we use credit and debit cards to buy goods and services. 

Cryptocurrency payment gateway is a platform where smooth payments are being facilitated from one crypto wallet to the other. All transactions would be processed on the blockchain technology. Based on the fact that blockchain is immutable, transparent, secured, and instantaneous in transactions, it makes it easy for this to be achievable. 

Considering that the present system of payment gateways are active, it still face problems of being relatively slow and cumbersome in processes when compared to digital means of payment gateways. When it comes to the current system of payment gateways, number of intermediaries are involved which obviously slow things down. Sometimes, inter bank transfers might even take days or weeks to be achievable, consequently increasing transaction fees. Now, to be able to use the traditional payment gateways, one is mandated to have a bank account related to the payment network. This restrict some users to explore the banking services especially in some countries where their banking system is not well integrated with other banks in the world. Cryptocurrency payment gateways is now available to solve all these problems accurately without any hassle. Some of the benefits of crypto payments are mentioned below;

• The risk of fraudulent transactions is almost zero because all transactions are stored and secured on the blockchain ledger which can not be tampered with. 
• Using crypto payments save both time and money drastically as transactions from one wallet to the other from anywhere around the world can take 30 secs or even less with a very low fee. Since no third party intermediaries are involved, transactions are smooth with low fees. 
• Crypto payments are also safe. Users have full control of his funds. “your private keys, your bank”

Features of Crypto Payment Gateway

• Effective security like the "two-factor authentication" where the person with a login details alone cannot have access to the payment gateway 
• Support of peer-to-peer transactions
• Secured record of the entire transaction history on the blockchain
• Global access and easy conversion of funds from anywhere around the world
• Support for multiple languages from around the world

Introduction to TerraCredit Platform

TerraCredit is a cryptocurrency platform which is simply a decentralized digital payment gateway that ensure and create solutions to unbanked population. Terra foundation designed a cryptocurrency called CREDIT which was initially a blockchain on its own and later migrated to Ethereum blockchain, upgraded to Decentralized Autonomous Organization (DAO), which will be use to replace cash in the economy. It will be used as a payment gateway. Also CREDIT uses Proof of Stake which enables users to become block producers. When compared to Proof of Work (PoW) that some cryptocurrencies use like bitcoin, it is very easy to produce blocks on the blockchain using CREDIT. PoW requires huge amount of commitment and expenses which can be so tiring. Aside that, bigger machines and equipments are use to mine these coins. With CREDIT coin, it is easy to become block producers, all that is required is a good internet connections, a computer system and a specific amount of coins to stake. Viola! You are good to go. 

TerraCredit will bring effective financial services ranging from trading platform, to marketplace and Crypto wallet. Users can trade their favourite coins on the exchange, buy goods and services from the marketplace, and store their Crypto assests in the Crypto wallet. 

Terrabit 

The app was launched on 29/07/2019, which is an all-inclusive web and mobile application. Terrabit was designed to provide a secure, fast decentralized crypto exchange, payment platform, and crypto mining via staking. User's fund is safe and they only have access to it since they have their private keys. By using Terrabit, users can seamlessly send money, pay for goods and services and receive payments. You can manage your crypto assets on the go. What you need is a smartphone to get started and have access to the fast and secure digital wallet. Prominent cryptocurrencies are already traded on the platform all against USDT pairs. Additionally, fiat currencies are also available In the digital wallet. The most amazing feature about the app is that you can trade your crypto assets, store your funds in the wallet, send and receive funds in the wallet, all at a go. This is huge!

Terrabit serves as a cash replacement app, you don’t need to be going all about carrying cash, all you need is the mobile app on your smartphone where you can perform all operations cash can achieve. Terrabit is a multiplatform that ensure users to be able to trade anytime and anywhere. Features of Terrabit are as follows;

• High Trading speed which complete trading order within 3 seconds
• Support BTC, ETH, USDT, and other major blockchain assets
• Supported globally in a lot of countries
• High matching speed engine with as fast as 1 second
• Good customer care representatives
• Effective fund security via private key

CREDIT Tokenomics

CREDIT token is built on Ethereum blockchain formerly on Credit blockchain. Since it’s swap, the total supply had cut down to 107 million CREDIT Token. CREDIT will be the native cryptocurency of the platform. Users can buy goods and services with the token in the market place. Also, CREDIT token can be staked and get rewarded.

CREDIT Token sale

CREDIT will be offering limited token sale on Bitforex, Hotbit, SIKIX, Terrabit and MoonPay. Currently, there is a limited sale on Bitforex exchange starting from 12th of April, 2021 with a 50% discount. The token price will start from $0.15 and increases with each phases. Additionally, 10,000,000 is reserved for each phase of the token sale. Check this link to know more about the token sale. 

In Summary, cashless policy has been revolutionizing our economy with a great impact. People don’t want to carry cash all around due to security issues and the stress of carrying it. However, TerraCredit brings that decentralized platform where users can store their funds in a secure wallet and also eradicate the need to carry cash all around. Also, marketplace is available to buy and sell goods and services using CREDIT token with ease. You can also trade your crypto assets at a go. CREDIT also rewards users for supporting the system by staking. This is incredible, isn’t it? It’s time to eradicate the traditional banking system and embrace digital and decentralized payment gateway platform.

Website - https://terra-credit.com/

Twitter - https://twitter.com/terracredit

Telegram - https://t.me/terracredit

Facebook - https://www.facebook.com/terrabitofficial/

Linkedin - https://www.dhirubhai.net/company/terra-bloockchain/

Whitepaper - https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf

BTT username - Diamond02

POA - https://bitcointalk.org/index.php?topic=5320635.msg56734486#msg56734486