The Cryptocurrency market in Brazil currently suffers from high fees, limited coin options and difficult access. And CriptoHub is going to revolutionize this. By making it easier than ever for Brazilians to join the world of cryptocurrency trading, the financial futures of millions of people will change forever.
The Brazilian market has recently experienced exponential growth in the purchase of virtual currencies. By the end of 2017, there were over 1.4 million Brazilians engaging in the buying and selling of virtual currencies.
Some Brazilian exchanges have witnessed their daily enrolment of new users increase from an average of 500 per day, to over 5,000 per day. In fact, there are now more investors buying virtual currencies than investing in the stock market2. Despite this, CriptoHub developers identified that services provided by the primary Brazilian exchanges are deficient, and they are receiving countless basic complaints from their users.
Such complaints include:
• the lack of approval of new registrations; • a delay in deposit approval; • limited diversity of available coins; • high rates in comparison to international offerings.
The most frequent user complaint that is becoming a common occurrence is that withdrawals requested by users are delayed indefinitely.
Having identified these problems, CritoHub saw an opening in Brazil for a well-structured exchange that can solve these issues by providing a more effective, cutting-edge service with greater diversity of currencies and uncomplicated withdrawals. Investments in technology will result in increasing scalability to support the rising number of crypto-users. With a population of over two hundred million people in Brazil, the scope for CriptoHub’s potential growth is huge.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
CTO at Bidao - Stablecoin and DeFi on Binance Chain, Crypto Entrepreneur, TEDx Speaker Rated on Jul 10, 2018
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Very cool project! As a South American (from Argentina but I do know many Brazilians who are into cryptocurrencies), I can see that there is a big demand for this kind of services. The team seems to be experienced and ready for this challenge. Good luck!
ICO investor, cryto trader Rated on Jun 22, 2018 Modified on Jun 22, 2018
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I see this as a product and something with a real need with a big market. I think the team looks strong but mark it down due to the number of tokens issued to team and advisors which is way excessive and also can not see any detals of any vesting. Thats the mian weakness here for me. If they do get traction in Brazil can be a very good project , assuming of course not issue with the Regulator in Brazil or issues on moving funds out of Brazil like the real has or witholding taxes like their are on futures . Be a good one for icosofa website
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The pre-sale of CHBR tokens will take place between April 10 to 25, followed by an Initial Coin Offering (ICO) of a further 4 weeks.
2
Exchange Launch JUNE 2018
CriptoHub launches into the Brazilian market on 06/25/2018 with trading available to 200 million Brazilians as well as the world market.
3
Blockchain Solutions SEPTEMBER 2018
Launch of the checkout module for Brazilian e-commerce businesses with all major crypto-coins available.
4
Advanced Table OCTOBER 2018
CriptoHub will have its own specialized client department for large and institutional investors. It provides dedicated customer service for select users with deposits and withdrawals above R$ 200 thousand real, while also offering the largest liquidity source in Brazil.
5
Pre-paid Credit Card APRIL 2019
Pre-paid Credit cards will be made available to exchange customers, allowing them to effortlessly spend cryptocurrency in everyday transactions.
6
New Blockchain Services AUGUST 2019
After these items have deployed successfully, CriptoHub will be internationalized across other Latin American countries while also offering additional Blockchain Services for Exchange users.
