I've got a few questions:
1. Why the lack of transparency about funds? Usually the smart contract is totally visible to ensure the figure started on the website is accurate. It's not really gone up much in the last 24 hours despite a large surge in Bitcoin and overall market cap.
2. The website states that tokens are burned forever during every transaction, which will create constant demand. It also says "Technical limitation of number of tokens:300 000 000" which sounds very little if they're getting destroyed on every transaction. It sounds like the system would run out of tokens very quickly. What happens in this situation?
I was very interested in purchasing some Crypterium before the ICO closes, but I have the same questions as BadAstroZA and I'm concerned that no one has answered them yet, but have responded to posts made after this one. I'm not going to invest until question number 2 is answered. It just doesn't make sense how this would work if tokens are being burned with every transaction. It seems we would run out of tokens very quickly if Crypterium is well received and used for online purchases by the masses. Can someone please field the question? Thanks.
They answered it in their telegram channel. Was something like 18 digits fractional tokens are possible and the more tokens are used up, the higher the price gets, so it never runs out (at least not until the end of the universe).
That might work, for instance for people to use crypterium they need to buy 0.001 CRPT for $10 and every transaction might cost 0.000000100000000000 CRPT so that will enable 10000 transactions for a single user. This might easily be done automatically.
But seeing this thread is listed on the main page of their website, it would be great if someone from the dev team could explain the questions asked in more detail..