CryptoCart is the latest interesting project that I had the opportunity to learn about thanks to an AMA held yesterday in the Telegram group the Gem Collectors. It’s a project similar to SPI (Shopping.io) that would like to revolutionize the world of e-commerce, obviously using cryptocurrencies. At the moment the team has decided to remain anonymous as both founders are already in the e-commerce industry and would not want to have any conflicts of interest and/or problems if things don’t work out with CryptoCart. In addition, the team had a sort of private KYC with a Twitter user known as DeFi_OWL. Although I don’t like this strategy very much, the project seems serious and today we want to introduce it to our audience.
CryptoCart.cc – The E-Commerce revolution in DeFi
This site will be used as a marketplace where sellers and customers can meet and trade using cryptocurrencies. At the heart of it all is the project’s proprietary token, called CC. Those who hold the token will be able to obtain various benefits while shopping online, such as big discounts, reduced shipping costs and unlimited orders. Great features that at the moment hold a lot more promise than Shopping.io, but we will see if the team will be able to deliver on all these promises.
During the AMA held yesterday we also read that the team is working on an SEO plan to be able to position itself in the various search engines and maybe make important volumes (in the order of millions of dollars per day), making the marketplace interesting for other cryptocurrencies. Why? Simply because the team is interested in any kind of collaboration with external tokens that can be used as an official payment system on their website. Example: the Dogecoin team got in touch with CryptoCart and they decided to use DOGE for payments as well.
CryptoCart.cc’s smart contracts have already passed AUDITS and the team’s tokens are locked, as is the liquidity added on Uniswap. At the time of writing there is over $2 million in liquidity that will only be released after 6 months. The team has already confirmed that they would like to extend this period after the expiration of 180 days. Let’s get to know their token better.
The CC token by CryptoCart
The CC token has had a more than fair distribution since at the moment in circulation there are only tokens sold in the presale. At that time the price per token was less than $1, while right now the token is close to $20 (with an ATH of $37). The maximum supply is 1 million tokens, so the fully diluted marketcap is around $20 million. Here is the official distribution:
- 80,000 tokens for Marketing
- 232,000 tokens for liquidity on Uniswap
- 8,000 tokens for Fees
- 55,000 tokens for the team (locked)
- 250,000 tokens for reward pool (locked)
- 375,000 tokens sold during the presale (and circulating supply).
The token currently has more than 1800 holders and is frequently featured on DexTools’ trending list, showing the strong interest of investors in such projects. SPI has been doing great numbers and is continuing to do very well, so CC will surely be very talked about. And it’s worth mentioning that we’ll be hearing some news about the future of the project today! To follow CryptoCart you can visit their Twitter profile or join their Telegram group (always active and well moderated).