The Cowrium Blockchain Project
The Cowrium project consists of the following 5 entities:
- A multidimensional smart contract
- Cowrie - A mass-oriented cryptocurrency
- CowDEX - An highly secured decentralized Exchange
- ErrandBoy - A DAP that allows you to send crypto & receives in Fiat
- Cowrie Stability AI - An artificial intelligence system that can predict the market and help suggest a foreseeable solution - while the buffer system helps stabilize Cowrie and protect it from market volatility.
Cowrium is a Multidimensional Decentralized Blockchain Platform created with the aim to encourage SMEs to use the advanced technologies for better growth and to enable people to use cryptocurrency as a method of payment for buying products and services.
What is Cowrie?
Cowrie is the native cryptocurrency of Cowrium. The name was adopted from a marine mollusk which was used as money in ancient times. Besides the currency similarity, the process of extracting Cowrie is also known as mining, which also denotes the blockchain mining..
Our Mission
To make the blockchain adoption easier, faster and more profitable for small businesses & enterprises worldwide, and to make Cowrium/Cowrie a household name globally
Our Vision
The Cowrium project is not just a blockchain that aims to evolve the existing economy, but it is a completely new economic system that is being created on the blockchain technology.
We understand that the first requirement for building a strong, self-sustaining network like Cowrium is providing liquidity and multiple ways for users to acquire and use Cowrie (CWR) coins. With that aim, our highly talented and experienced team of developers is working hard to build a one-of-its-kind economic system to provide usability for merchants and users.
All the devices in the system will be directly linked with the Cowrium Pay module, accessing which will require users to provide their unique identities. This will act as a Financial System of the entire economic system, allowing you to deposit, withdraw, perform payments, loan CWR coins, link or request Cowrium Pay Debit/Credit cards to use with our ATMs, POS Terminals or Card Readers situated worldwide. The Cowrium Pay Module and Financial System will be supported by a separate entity from the Cowrium Foundation.
Further, to create a successful, self-sustaining economic system, the Cowrium Network will implement the Governance feature, which is already found in some cryptocurrencies, including Dash. The feature is designed to give certain rights to the Masternode holders, including the ability to vote, fund or reject proposals submitted by the community members, including but not limited to event sponsorships, charity, developer bounties, and more. The crowdfunding feature will enable the community to raise funds for their media/events appearance and development projects, without relying on a third-party development team.
Cowrium is a blockchain project being developed to help Small and Medium Enterprise to easily adopt comprehensive blockchain solutions to better reach thousands of customers who conduct business through the SME industry..
The Cowrie coin, which is the official cryptocurrency of the Cowrium platform, represents a digital currency that will effectively replace the physical money. The aim is to increase the adoption of blockchain technology through an easy-to-use platform.
Cowrium uses a 2-Hop network. In the first hop, miners identify blocks and record transactions on to the blockchain. The miner, of course, is rewarded with the new coin mined in return. The other hop consists of Masternodes that are hosted on virtual private servers (VPS). These are special servers that enable instant and private transactions, budgeting as well as decentralized governance.
Mining :
The Cowrium blockchain combines in-browser mining with Mobile Mining as a support system for the CPU and GPU miners, allowing for Cowrium’s hash rate to be truly decentralized, protected against 51% attacks and providing better profitability for web and mobile miners.
Masternodes :
Masternodes: The Cowrium POS Masternodes is similar to Dash's, which provides to the network near-instant and secures payments as well as anonymous transactions. The Cowrium Blockchain allows CWR holders to earn fixed rewards through staking, in return for their help to secure the network.
● Multicurrency Payment System - enabling Merchants and Consumers to make/receive payments in any Coin via dedicated mobile and web apps.
● Smart Contract interaction between child chains - capability permits the interoperability of block chains through Cowrium and Private Masternodes.
● Multicurrency ICO Platform - that gives ICOs the ability to accept payments in any Cryptocurrency of their choice.
● Smart Contract Library - that implements the 2-hop - Proof of Work vs. Proof of Stake - protocol as compared to the traditional PoW (1-hop) for higher security and easier implementation.
● InstantSend - The near-instant payments known as InstantSend technology, is designed to average at 0.5 secs per transaction compare to Dash 1.3 seconds.
● PrivateSend - The technology mix your funds through the Masternodes network, making near-impossible to trace back the origin of the funds.
● Enterprise Private Contracts which can be executed only by users willing to participate in the contract but can be verified publicly.
● Intelligent Pooling System - effectively resolves the Mempool overload issue of traditional blockchains by prioritizing transactions to prevent delays.
● Hyperblock technology - provides higher performance & scalability by regularly compressing transactions, thus reducing blockchain size and ensuring less RAM/ drive space requirements.
● Support multiple cryptographic algorithms, signing & address via Polysig - Providing protection against quantum attacks .
● Atomic Swap - a smart contract feature enabled in the Cowrium wallet of users that allows exchange between different cryptocurrencies (coins) without a third-party.
● Recurring & Scheduled Payments a feature that enables users to schedule recurring or subscription payments via their wallets.
● Referral Rewards Program - Enable customers and merchants to earn more by referring others to join the platform.
● Merchants Loyalty Program - Allow Merchants through their website/app to give back to Users, rewards in the form of Mined CWR coins.
COWRIUM INTERCONNECTED APPS
The Cowrium platform will also host a number of interconnected and related apps, as follows:
CowDex
Decentralized Exchange
A dedicated, decentralized, highly-secure Cryptocurrency Exchange platform that utilizes Atomic Swaps for easy trading between multiple ICO tokens.
ErrandBoy
Crypto to Fiat Direct Transfer
A money transfer app through which users can send money in any cryptocurrency, which is then converted to Fiat currency & sent to the recipient anywhere in the world.
Cowrie Stability AI
Artificial Intelligence against Volatility
The Cowrie Stability AI is an Independent but interconnected program that predicts the market, provides possible balance and protects Cowrie from Volatility.
The Cowrium Masternode!
It provides much-needed security, speed, and anonymity to the digital payments and transactions processing through the Cowrium network.
The staking system of the Cowrium blockchain will enable the existing CWR holders to earn a fixed, yearly income in the form of rewards, in exchange for their contribution to maintaining the security of the network. Apart from VPN based Masternodes, users can also engage in web and mobile based staking of CWR coins.
- The minimum collateral amount to activate a Masternode is 10,000CWR.
- The reward will be proportional to the collateral up to 100,000 CWR, by an increment of 10,000CWR.
TOKEN SALE
The Crowdfunding Sale of Cowrie will be held in 5 phases, from Jan 1 to May 30. The coin price opens at 0.035USD (Phase 1) and closes at 0.0450USD (Phase 5).
● Start: Jan 1, 2020 (00:01AM UCT)
● Number of tokens for sale: 1,000,000,000 CWRX
● End: May 30, 2020 (11:59PM UCT)
● Tokens exchange rate: 1 CWR = 0.075 USD
● Acceptable currencies: BTC, ETH, LTC, USD, NGN (12)
Minimal transaction amount
Varies by Stages
Phase I
● Jan 01 - Jan 30
● Upto 50% Bonus
● $0.035/token
Phase II
● Feb 01 - Feb 28
● Upto 50% Bonus
● $0.0375/token
Phase III
● Mar 01 - Mar 30
● Upto 30% Bonus
● $0.04/token
Phase IV
● Apr 01 - Apr 30
● Upto 30% Bonus
● $0.0425/token
Phase V
● May 01 - May 30
● Upto 30% Bonus
● $0.045/token
Distribution of tokens
Use of proceeds
ROADMAP
Q1 - 2020
PRE-ICO | Prototype Release
Q2 - 2020
New Website | Wallet Launch | IEO / Major Exchange Listing
Q3 - 2020
POS Launch | Payment Gateway Plugins
Q4 - 2020
Decentralized Exchange Launch (CowDex) | Mobile Mining | Recurring Wallet Payments | ErrandBoy (BETA) Launch
Q1 - 2021
Cowrium Summit | ErrandBoy Official Launch | Smart Contract / ICO Token Launch
Q2 - 2021
Discussion with Financial Institution | Expansion on Scope of Work | Worldwide Promotion
Q3 - 2021
Interoperability Solution Testnet | Partnership with Conventional Financial Institution | Investment in Acquisition of Conventional Financial Institution
Q4 - 2021
New Partnership
Q1 - 2018
The Cowrie Idea is born | Concept Development.
Q2 - 2018
Team Building | Consultation with Industry Expert
Q3 - 2018
Settle Legal Issues | Discussions with Private Investors
Cowrium Adoption | Private Investment (Seed Capital)
Q4 - 2018
Early Access | Website Launch
Q1 - 2019
Public Announcements at Events | Technical Setup
Q2 - 2019
Project Development | ICO (Restricted)
Q3 - 2019
New Website | Project Development
Q4 - 2019
Testing Period
TEAM
Cowrium is working with experts from all sectors of the industry who act as advisors for our project. Their opinions and guidance is helping us design a detailed product which will enhance every participant’s experience on our platform.
Emmanuel Haastrup
- Founder / Chief Conductor
Praveen Dagdi
- Product Manager
- Chief Marketing Officer
Shobhit Sharma
- Lead: Blockchain Development
- Lead: Business Development
- Lead: Community Development
- Lead: Backend Devs, API, NODEs
- Lead: Legal
Chloe Khok
- Process & Training
- Technology
- Business Development (Africa)
- Business Development (Eastern Europe)
● Website: https://www.cowrium.net/
● Whitepaper: https://www.cowrium.net/cowrium-whitepaper.pdf
● Facebook: https://www.facebook.com/cowrium/
● Twitter: https://twitter.com/cowrium/
● Medium: https://medium.com/@cowrietoken
Username : Ozie94
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576
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