COINTOROX YOUR DIGITALLY PIGGY BANK
The virtual currency also known as virtual money is a type of unregulated digital money, which is issued and is usually controlled by the developer except Bitcoin and is used and accepted among members of a particular virtual community.In 2014, the European Banking Authority defined virtual currency as a digital representation of the value that is not issued by the central bank or public authority, is not always attached to fiat currency, but is accepted by nature or legal person as a means of payment and can be transferred, stored or traded electronically. In contrast digital currency issued by the central bank is defined as the central bank's digital currency.
Digital currency digital money or electronic money or electronic currency is a kind of currency that is only available in digital form, not physically like paper money and coins. It shows properties similar to physical currency, but allows for instant transactions and transfer of ownership without limits. Examples include virtual currency and cryptocurrency or even the central bank issuing digital money. Like traditional money, this currency can be used to purchase physical goods and services, but may also be limited to certain communities such as for use in online games or social networks.
The term cryptocurrency or crypto currency is a controversial digital asset designed to work as a medium of exchange using cryptography to secure transactions, to control the creation of additional units and to verify asset transfers. Cryptocurrency is a type of digital currency, alternate currency and virtual currency. Cryptocurrency uses decentralized controls as opposed to centralized electronic money and central bank systems. The decentralized control of each cryptocurrency works through blockchain, which is a public transaction database that functions as a distributed ledger.
Cointorox Token (OROX)
Cointorox token is an ERC20 token distributed on the Ethereum network. It is primarily used as a utility token on the Cointorox platform.
The Problem
1. Complicated processes of purchasing cryptocurrencies
* Finding a local online exchange supporting fiat deposit
* Long time taken for ID verification process
* Long bank transfer process
* Understanding the fees involved
2. Difficulty of selecting solid projects and building a reliable portfolio
* Requires comprehensive understanding of the industry & technology
* New investors are often in need of a comprehensive consultation service
* High risks involved with fraudulent projects and consultants
3. The ‘Waiting Game’ of experienced investors or ‘HODLERs’
* Increased frustration & anxiety resulting in poor decisions: gambling, investing more than they can afford to lose, and withdrawing from the market at a significant loss
The Solution
Cointorox is a platform offering simple cryptocurrency packages. The core mission and objective of the platform is to help simplify the process involved with purchasing cryptocurrencies.
Cointorox Packages provide users an opportunity to purchase well-regarded cryptocurrencies in a cost-effective and time-efficient manner. Cointorox Packages can be treated as a ‘digital piggybank’ where your savings are stored and handled in cryptocurrencies.
ADVANTAGES OROX TOKEN
Lock-in Feature
All packages come with savings lock-in feature which can be activated upon request. Maximum lock-in period is 365 days (1 year) which means users will not be able to withdraw their savings for 365 days.
Break the Lock-in Feature
There may be days when you need funds and you can choose to break your lock-in lease. Please note that this feature may be costly! This is to encourage users to keep their savings in place.
Gift Feature
You can use the ‘Gift My Savings’ feature to transfer your savings to a new or existing user. By purchasing the ‘Gift My Savings’ product, you get a digital voucher which can be gifted to your friends or family. Your balances will be transferred to those who redeem the voucher.
Portfolio Re-assemble
If you do not like how your portfolio has been distributed, you can request for a change in the % of distributions (NOTE: Cointorox token distribution % is fixed permanently).
Withdraw Savings in USD
If you are not cryptocurrency-savvy and do not know how to withdraw and exchange coins, this is the perfect solution. Once you are ready to withdraw your savings, you can activate this feature and we will calculate your savings (coins) in USD. The calculated USD amounts will then be sent to your personal PayPal account. More options to be added in the future.
token information
Token Name: Cointorox
Token Symbol: OROX
Decimals: 18
Initial Supply: 10,000,000 OROX (10 million)
Total Supply: 10,000,000 OROX — Burned Tokens
Token Contract Address: will be updated upon the end of the token sale
Roadmap
Sorry for the long article, and we do hope that we gave you a decent overview of our Token Sale information. Having said that, again and again and again, please read the White Paper in complete. Come back to us with any questions. We will be more than happy to answer all of them. Listen, we know that you work very hard for your money, and we want you to be 1000000% positive that this is the right investment.
Thank you once again for taking the time to read this article, and thank you a million times for your support of COINTOROX.
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author:Chubylaw
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