Those responsible for BlockCAT, a project based on Ethereum’s Blockchain that allows the creation of effortless smart contracts, recently announced that its platform is already alpha.
What is pursued with this project is to provide people with a detailed perspective on many important features. The ecosystem includes two smart contracts: an automated mechanism for trading, settlement and reimbursement of deposits in the block chain, and another that allows users to lock their funds in ETH until a specific date.
In BlockCAT they seem to understand the growing distrust among investors towards crowd sale projects, and with that concern, they have done well by publishing an alpha version of the product – their crowd sale period ended on August 16. The platform restricts the value of Ethereum to protect smart contracts against security breaches.
On the official website of BlockCAT you can see:
“Our mission is to help everyone benefit from the security offered by smart contracts in the Ethereum network, opening the door to smart trade and automated scale never before possible.”
“The team was attracted by the great potential of smart contracts when they are accessible. What we long for is a future in which anyone can use smart contracts, regardless of the technical skills that are involved. Thanks to our commitment to simple design and the growing need for intuitive solutions, BlockCAT will be a significant advance. “
The sale of coins started on July 15 and ended on August 16, and users could get tokens at a cost of 300 CAT for just 1 ETH … BlockCAT managed to raise more than 12,686 ETH in the crowd sale. It should be noted that no more CAT will be created in the future and that 79% of all currencies have been distributed to the community, while 20% has remained in the hands of the development team; 1% was allocated to a reserve pool.
In summary, the ecosystem will allow users to:
- Creating smart contracts in an accessible way.
- A mobile and desktop interface to manage contracts.
- Design customized contracts that meet specific needs.
- Combine multiple contracts to establish payment models to optimize large businesses.
- Transfer funds automatically and globally, on a large scale.
- Transaction Verification: Eliminates the risk of sending Ethereum to the wrong address.
If you would like to take a closer look at the intricate details of the development process, access the BlockCAT white paper here.