FAQ - FREQUENTLY ASKED QUESTIONS
WHAT IS A CURRENCY?
"A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange."
WHAT IS CBUY?
CBUY is a blockchain based platform which allows buers and sellers find a place where they can trade used or new goods and exchange it in crypto currency.
WHAT IS CRYPTODOLLAR TOKEN?
A CryptoDollar (CRYDO) is a ERC20 Token based on Ethereum, designed for fast trading and with low confirmation cost. Beside being tradeable in the major cryptocurrency exchange, CryptoDollar also acts as a StableCoin which is one on one based to the USD ($). This give us the price transparancy, stability and safety we all was looking for trading with goods.
WHICH PROBLEMS CBUY SOLVE?
CBUY eliminates the daily volatility of the average cryptocurrency with its own stablecoin. CBUY is acting also as a third party transaction person which give sellers and useres the highest fraud protection. CBUY also do not keep weeks sellers money. CBUY is a platform which is easy to use as ebay. Service around the clock for the users with the integration of the users as a task manager.
WHICH CURRENCY I CAN USE TO PURCHASE THE CRYPTODOLLAR ?
WHICH SECURITY FEATURES DOES CBUY USE?
As a policy against unwelcome behavior users need to enable the Google Authenticator(2FA) before any transactions are permitted. The highest level of account security will be the 24 wording security and will automatically be activated after registering. The 24 wording security has the ability to disable 2FA from the account. Important notice, Please save the 24 wording security somewhere secure and write it down as it will only appear one time when it needs to be verified and you might need use it in the future.
WHAT BUSINESS MODELL DOES CBUY USE ?
CBUY will generate revenue by small exchange fee of currency and ads in the product test videos. The seller have also more ways to lift their conversion.
HOW TO OBTAIN THE CRYPTODOLLARS TOKEN?
CryptoDollar Tokens are obtainable via our Token Crowdsale (Initial Coin Offering).
WHY I SHOULD INVEST IN CBUY?
CBUY is the only platform which provides 3. payment party fraud protection, product test videos/blogs and the opportunity to earn money on the platform in many different ways.
WHY I NEED CRYPTODOLLARS?
CRYPTODOLLARS devolope a save transaction between buyer and seller (fraud protection) and eliminate the volatility of the cryptocurrencies. CRYPTODOLLAR is the bridge between FIAT money and cryptocurrency. You can also just exchange your cryptocurrency in cryptodollars and protect your worth from volatility.
WHAT IS THE VALUE CBUY CREATES FOR THE ECOSYSTEM?
Users can use stable cryptodollars as a currency which is backed up with USD. Integrate the users into the ecosystem as a task manager for cbuy and earn cryptodollars. Users can share their experience with each other with videos or blogs about a product (earn in the process) without leaving the platform and search through the www.