Website

CitaBit (CITA)

ICO

Last updated: Jun 20, 2023

CitaBit is a modern ecosystem designed to facilitate the usage of cryptocurrencies and to provide a higher level of security to all users of the platform around the world.

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Overview

Project industry	Finance Services & Banking
Product type	Ecosystem
Founded	Estonia
Whitepaper	Open
Onepager	Open

What is CitaBit

What is CitaBit?

CitaBit is an ecosystem that simplifies cryptocurrency use, as well as providing usability and, at the same time, guaranteeing a high level of security of using cryptocurrencies by a common user. Our main priority is security of digital assets storage – we will provide unique solutions to protect the users’ assets. Since the facts prove that many cryptocurrency projects are vulnerable to hacks, leaks, and other unfavorable actions.

Our Vision

Our vision is to lead a new industry and create a completely safe financial ecosystem. We will strive to create a first, convenient, and innovative universal platform for online banking, crypto trading, and secure storage of digital assets.

Problems

CitaBit team has done a deep research and resulted in the following conclusions:

Exchanges

Liquidity problems

High volatility of crypto assets

Earnings based listing scheme

Lack of security, widespread fraud and hacking attacks to exchanges and users

Low withdrawal speed

Lack of investors’ knowledge

Work is not in the legal field

Banks

Lack of transparency

A large number of intermediaries

High fees

Bureaucracy and regional restrictions

Limited opportunities for investors

Solutions

CitaBit’s idea is to develop an All-in-one solution providing users with the following benefits:

High security level

Low fees

Various banking services without intermediates

Virtual debit card to conduct cross border transactions without region limitations

A large number of trading tools

Work in the legal field

Details

Pre-sales: May 01, 2020 - May 22, 2020
Public sales: May 23, 2020 - Aug 17, 2020
Token supply: 500,000,000 CITA
Total tokens for sale: 300,000,000 CITA
Soft cap: 4,500,000 USD
Hard cap: 29,000,000 USD

Legal

Blockchain Platform: Ethereum

Office address: Keemia tn 4, Kristiine linnaosa, Tallinn, Estonia

Token info

Ticker: CITA
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 CITA = 0.2 USD
Accepted currencies: ETH, BTC, Fiat
Bonus program:
Pre-IEO 1 May 2020 to 22 May 2020 $0,14 (Bonus : discount 30%)
IEO Round 1: 23 May 2020 to 20 June 2020 $0,16 (Bonus : discount 20%)
IEO Round 2: 21 June 2020 to 19 July 2020 $0,18 (Bonus : discount 10%)
IEO Round 3: 20 July 2020 to 17 August 2020 $0,20
Token distribution:
Bounty / AirDrop - 5%
Advisors -10%
Reserve fund - 10%
Foundersand team - 15%
Avalible forpurchase - 60%
Funds allocation:
Development - 35%
Reserve - 10%
Liquidity - 5%
Legal - 5%
Marketing - 45%