Cryption Network (CNT)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• Cryption Network is a DeFi start-up

Token

Utility

• From their website (19-6-2021):

"Part of the profit from every Cryption Network product will be used to mainatin a constant buy pressure on CNT. Half the tokens bought from those profits will be burned to reduce supply and accrue value to the token whereas the other half will be staked for yield farming."

Technology

• Litepaper can be found here.
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Their Projects

Defi Stack

• From their sponsored post on The Defiant (4-6-2021):

"Many projects create their own which means projects need to allocate resources away from their central mission. By creating a no-code platform that can deploy Staking, Farming, IVCO, timelock, vesting, for these projects we save them time and money. etc

PolyDEX

• From their sponsored post on The Defiant (4-6-2021):

"PolyDEX is a gasless AMM on the Polygon L2 Solution. PolyDEX will have features like Partner pools, elastic farms, IFOs, quick exits to ETH layer 1, as well as community farms."

Seer Prediction Market

• From their sponsored post on The Defiant (4-6-2021):

"The Seer Prediction market will be a layer 2 solution that will allow reading and creating predictions on virtually any topic. Matic will enable Cryption to do high-frequency trades gaslessly."

Roadmap

• Can be found here (19-6-2021).

Audits

• Bug bounty program can be found [insert here].

Pros and Cons

Cons

• Took funding from X21 Digital and Master Ventures, which according to ZachXBT mainly funds cash grabs and straight up scams (10-12-2021). Although this not directly means that this project is then also scammy, it does mean that the founders did not vest their VCs well.

Team, Funding, Partnerships, etc.

Team

• Full team can be found here (19-6-2021).

Funding

• From their sponsored post on The Defiant (4-6-2021):

"The project secured investment from GravityX Capital, Master Ventures, CMS Holdings, and GenBlock. Additional capital came from  AU21, Ascensive Assets, X21 Digital, WaterDrip, and angel investors like MahaDao Co-Founder Pranay Sanghavi, Polygon (Matic) Co-founder Sandeep Nailwal, and Fetch.ai CEO Humayun Sheikh."

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