OVERVIEW OF THE COINREXI WHITEPAPER
Why, What, How:
In finance, there is a natural supply and demand that occurs within ecommerce.
However, over time the supply curve has been growing at an unprecedented rate. This is what we commonly reference as inflation. The reason CR was created is to have a cryptocurrency used for transactions that is free from tax and fees that can be utilized anywhere in the world without any restrictions. Fiat currency is the primary form by which nearly 99% of the population uses to complete transactions or induce trade.
CR can be used as a primary form of payment not only on the Coinrexi Marketplace, but also integrated to various vendor and supplier websites, ecommerce platforms and soon in-store to accept CR as a form of payment. We believe overtime CR will begin to stabilize being used for millions of transactions on a daily basis. Also in this regard, CR will become a symbol of value. As CR begins to gain adoption within ecommerce, we believe the limited supply in nature will provide a reverse effect to our current inflation model.
OVERVIEW
CR has several products that are being developed to bring cryptocurrency to
ecommerce. The primary product of development has been the CR token, which is used to facilitate transactions for products, goods and services. Another product that has been developed is the Coinrexi Marketplace; this is a decentralized platform where users can buy or sell products using CR tokens and other cryptocurrencies like BTC and ETH,. Additionally , COINREXI (CR) is actively developing A revolutionary Mobile mining app that enables smartphone users to mine CR token by simply downloading the Coinrexi app on their device . This isn’t mining in the actual sense of the word but rather
a glorified airdrop from CR team , which regularly sends a certain amount of CR to anyone who has installed the mobile app. This will allow users to buy goods and services for free at our marketplace with their mined CR tokens.
PROBLEM
One of the biggest and most predominant issues within ecommerce and finance is that consumers cannot buy anything for a penny or even a dollar in most cases. Many years ago, Fiat currency was more valuable and had a limited amount to go around.
As the years progress, we see many individuals not only selling, but also buying goods or services while having a difficult time saving (Fiat) money. This is solely caused by our current inflation model.
CONCLUSION
This is a revolutionary invention to the world of e-commerce, we are bring the blockchain technology into e-commerce space. Creating a better experience for seller and buyer.
Disclaimer
This project is a work in progress and is subject to significant change. With that said, any changes are meant to improve the project for our community. All figures are brought as examples and are used for explanation purposes only. While we make every effort to ensure that all information in this whitepaper is correct, the information herein may be out of date, incomplete, inconsistent, and / or inaccurate and in no way implies a contractual relationship.
The material is not professional, financial or investment advice.
