Many cryptocurrencies at some stage of their life go through a period of work on the Ethereum network, which is one of the most famous networks incubating tokens based on the ERC-20 protocol.

The Credits project is one such project that was built on the Ethereum network and is preparing to migrate with its token on its main network.

After two years of hard work developing the infrastructure, Credits is ready.

This was confirmed by the advertisement the official The last on the date of the exchange of the currency (Swap Token), the transaction will take place through the KuCoin trading platform and will start on December 20, 2019.

As for the currency exchange process, it will be as follows:

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1 of the CS token ERC-20 will be the equivalent of 1 coin of the new CS.

As for the Credits project, it will allow companies to issue financial assets including digital assets, tokens, stablecoins, loyalty points…

Credits strives to provide highly customized ways to generate tokens for everyone in less than 5 minutes.

The Credits system can be distinguished by its ultra-fast transactions, low fees, and advanced stand-alone smart contracts.

The Credits blockchain platform guarantees a processing speed of about 50,000 transactions per second, as well as a commission of about $0.001 per transaction.

The platform’s smart contracts contain new and advanced capabilities and tools.

These features are an added advantage, since commissions for transfers are low, and transfers using tokens are made within seconds, making it an ideal solution for payments and transfers.

After the token redemption, the company plans to open full access to its protocol to its partners to launch several blockchain-based solutions for markets such as loyalty, supply chain, and data warehousing.

Credits developers are currently working on integrating the Credits protocol with popular hardware wallets such as Trezor and Ledger.

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This integration is currently underway and will be completed in the first quarter of 2020.

Credits has also completed the development of its digital asset portfolio and offers it to users for use on mobile, desktop and web devices.

The potential for increasing the number of crypto assets in the market is as huge as the use of tokens in new financial models.

With the emergence of completely new economic models, it will be necessary to issue tokens using custom solutions such as Project Credits.

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Explanation of the currency exchange process (SWAP) in the world of digital currencies

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