Overview of the Cardonio project. All cryptocurrency on one the credit card

Cryptocurrency is the first fully decentralized means of payment on the market that can be accepted in any country in the world. But this is only from a theoretical point of view. In practice, the easiest way to buy other digital assets for cryptocurrency is to additionally have to pay a commission and register on several exchanges. However, in order to make purchases for cryptocurrency, fundamental changes are needed within this system. The developers of the Cardonio project offer multicurrency credit and debit cards, with which cryptocurrency owners can pay for products and services anywhere in the world. The release of such a card takes a few minutes. In total there will be 4 types of cards. The developers provide separate terms of use for each of the four types of cards.

The scheme of using the credit limit is primarily related to the number of CFGT tokens. The user buys the coins of the project, stores them on a personal account, withdraws cash at any ATM. The credit limit depends on the number of coins, the maximum rate is 85%. The term of repayment of the loan without interest is 90 days. All unspent money can be withdrawn at any time.

Features and advantages of the project Cardonio:

Currently, the project supports ten types of cryptocurrency with a credit rate of 60%. The list includes BTC (Bitcoin), ETH (Ethereum), XPR (Ripple), BCH (Bitcoin Cash), LTC (Litecoin), NEO, DASH, USDT (Tether), XMR (Monero), ADA (Cardano). Making a card takes no more than five minutes, the user goes through the KYC procedure, fills in personal information and receives the finished card by mail. The developers emphasize that payments in fiat money pass at a favorable rate, the platform does not charge additional fees. There will be 4 types of credit cards on which you can store cryptocurrency. Balance of payments, history of operations and the amount of commission is reflected in the mobile application for Android and iOS, which allows you to convert 23 types of currencies and send payments to 120 countries.

Cardanio Card Types:

The task of Cardonio cryptocurrency cards is to link ordinary users of credit products, cryptoinvestors and trading networks into a single decentralized market. All types of credit cards from Cardonio use the Visa payment system, applications for smartphones and tablets allow you to convert, buy and sell digital currency without additional overpayments.

• Standard credit card. A plastic card provides the owner of 500 CFGT tokens, the account is free of charge, transfers or cash withdrawals for up to $ 500 a month are not subject to charges. Next, the client pays 0.5% of the transaction amount. Bonus for customers - cashback in the amount of 0.25% of the amount of each purchase.
• Frozen white. A plastic card is received by the owners of 2,500 CFGT tokens, keeping them on the balance for at least 30 days. Account maintenance is free, the cashback size is 0.5% of each purchase. The user can convert or cash out free of charge up to 1000 dollars per month.
• Limited edition gold. The payment instrument is available to owners of at least 10 thousand CFGT tokens stored on the balance for at least 90 days. The circulation of the card is 50 thousand copies, which will go to the first users. The monthly withdrawal and transfer limit is 2.5 thousand dollars, then each cashed amount is subject to a 1.5% commission. Customers receive cashback of 1% for all purchases made.
• Limited edition black. The credit card is available to the first thousand owners of 50 thousand CFGT tokens, storing them in the account for at least 180 days. The product provides unlimited transfers between owners without commissions, the monthly cash withdrawal limit is 20 thousand dollars. Customers receive cashback in the amount of 2% of the amount of each purchase.

About project tokens and ICO:

ICO project Cardonio began on August 15th. A total of 550 million CFGT tokens worth 0.1 cent each were released. The team plans to collect from 220 to 360 million tokens. Investments are accepted in ETH. Most of the received investment (40%) will be the amount of capital for lending, 25% will be invested in research and development, 20% will be spent on finding new customers and marketing, the remaining 15% will be spent on obtaining licenses, integrating the application on the websites of project partners.

The developers plan to “freeze” 100 thousand tokens as a reserve for future investments: if the project becomes popular, this amount of CFGT will be released into the open sale at auctions. Now frozen funds act as a guarantor of the solvency of the team, which will allow to obtain a banking license in Asia and Europe.

Team: