Custodiy, a cutting-edge platform seeking to revolutionize the blockchain industry, has unveiled a new approach to utilizing blockchain technology to automate processes and enable real-time use of revenue generated from the sale of goods and services. The mission of Custodiy is to eliminate obstacles and expedite the emergence of a novel economy by introducing innovative and accessible services to all.
The platform aims to leverage the features of blockchain technology, such as immutability, transparency, incorruptibility, and traceability, to automate procedures. When certain predetermined conditions are met, smart contracts automatically execute the agreed-upon terms. This makes the process faster, more efficient, and more reliable than traditional contracts, which often require manual intervention and can be prone to errors. By using blockchain technology and smart contracts, Custodiy aims to create a new way of doing business that is more secure, more transparent, and more efficient than anything that has come before.
Giuseppe Chimienti, founder of Custodiy expressed their belief that certain banking processes have been in need of updating for some time. The traditional banking system is often criticized for its inefficiencies and lack of transparency, which can result in delays, errors, and high fees for users. With the advent of blockchain technology, the founder sees an opportunity to revolutionize the industry by introducing new, innovative services that leverage the unique features of blockchain, such as immutability, transparency, and traceability.
He is optimistic about the potential impact of the platform and is excited to witness its daily growth and widespread adoption. The platform’s approach to utilizing blockchain technology to automate processes and enable real-time use of revenue generated from the sale of goods and services could transform the way businesses operate, making it easier and more efficient to manage finances, handle supplies, and obtain fund guarantees. Moreover, by introducing accessible services to all, Custodiy aims to promote economic growth and foster inclusivity.To utilize the platform’s services, users will need to possess $CTY, the native token of Custodiy. The Custodiy Token is a BEP-20 token created on the Binance smart chain.
Custodiy stated that the total supply of $CTY would be limited to one million tokens. Of this amount, 3% will be allocated to the private sale, 10% to the presale, 5% to the team, 10% to developers, and 5% to marketing. There will be no tax on any buy/sell transactions.
To ensure maximum transparency and security, 34% of the token supply will be locked, and tokens owned by the team and developers will be blocked and subject to a four-year vesting period with a daily claim limit of 0.1 through a public smart contract.
Users can access Custodiy’s official web app, which the project claims is simple and user-friendly, to utilize the platform. Additionally, smart contracts will provide security and assurance for services, which will be tested for vulnerabilities.
Custodiy explained that companies could use the platform to manage salaries and advances, handle supplies, and obtain fund guarantees through smart contracts and company treasury payments. Private businesses can also utilize the platform to send money for purchasing goods and services, create wallets through contracts, and transfer money, which is currently in development.
Presently, Custodiy operates on various blockchains, including Ethereum, Binance Smart Chain, Polygon, Ripple, and others. The platform will employ stablecoins such as USDT, USDC, PAX, and BUSD for stability assurance. Additionally, the platform aims to adopt the digital euro and other stablecoins issued by central institutions.
Custodiy’s roadmap indicates that the platform intends to incorporate more stablecoins and smart contracts, as well as KYC for accounts and web app audits. In 2023, the company will continue to add smart contracts, bank accounts, and stablecoins.
To learn more about Custodiy, visit the official website or read their whitepaper.
About Custodiy
The goal of Custodiy is to employ blockchain technology to automate business procedures and facilitate the prompt application of funds received from the sale of products and services. Additionally, Custodiy aims to introduce innovative and accessible services to the public, accelerating economic growth and fostering inclusivity.