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We are grateful to our community, which has been with us since 2020 and encourages us to develop, make trading better and more convenient.

From May 1, 2020, the platform begins to provide users with the opportunity for trading mining (Trade-to-mine) through trading bots. To calculate rewards, Cryptorg issues its own ERC20 token on the Ethereum network. Rewards will be awarded for each successful transaction completed by the bot in the form of tokens. Tokens can be withdrawn from the platform to an external wallet by filling out an application, however, the more tokens are on the Cryptorg account balance, the higher the efficiency of trading mining will be.

How does Trade-to-mine work?

Trade-to-mine is a model for obtaining tokens by conducting trading transactions with bots on the Cryptorg platform. With this consensus, mining in the classical form (GPU farms and ASIC-like devices) is not required. To get more income, you need to make as many trading transactions as possible using bots.

The effectiveness of one successful transaction depends on such values as:

transaction volume
current tariff
number of tokens on account balance
number of transactions over the last 24 hours on the platform

A more detailed formula for calculating the weight of a transaction can be found here.

How is issuing internal tokens helping crypto exchanges increase trading volumes?

The “old new” model for calculating trading bonuses, called “trans-fee mining,” is beginning to change the way cryptocurrency exchanges work, despite criticism of the method from community members.
According to CoinMarketCap, two exchanges ranked top in terms of 24-hour trading volume after they implemented "trans-fee mining" for their users.

The data shows that 24-hour trading volume on Singapore's CoinBene exchange now stands at nearly $2 billion, while on Hong Kong's Bit-Z the figure is close to $1.5 billion. Both exchanges are well ahead of the $1 billion in trading volume that previous leader Binance achieved.

The “trans-fee mining” model in a new incarnation was first introduced by the new FCoin exchange, launched in May of this year by the former CTO of Huobi. Previously, a similar scheme was used, for example, by the Cryptsy exchange, which went bankrupt in early 2020.

The model involves the exchange issuing its own tokens to encourage users to trade on the platform. Although similar, this method has no relation to transaction fees on the blockchain. It consists in the fact that users are paid internal exchange tokens for carrying out trading operations - as a bonus, which allows them to offset the costs of trading commissions, and in some cases even make a profit.

In the case of Bit-Z, according to the platform's white paper, the exchange plans to issue 300 million of its BZ tokens. The user pays each transaction fee to Bit-Z in Bitcoin or Ether, and the platform will reimburse customers 100 percent of the fee in its tokens.

Based on the two companies' announcements, CoinBene launched its offering on June 18th, while Bit-Z launched its offering this Monday. Notably, the sudden surge in trading volume that resulted from the innovation helped them become the top two global platforms within days of releasing their own tokens.

As previously reported, one of the controversies surrounding the nascent model is that it could incentivize users to create fake transactions using bots to obtain tokens issued by exchanges.

After FCoin trading volume increased sharply for the first time last month, Chinese industry media as well as Binance began to claim that the model was an initial coin offering (ICO) and that exchanges could manipulate the price of the tokens. Zhao Changpeng, founder and CEO of Binance, also raised questions about the sustainability of the model in the long term.

However, it appears that this criticism will not deter exchanges from implementing the new model. BigONE, an exchange backed by Chinese cryptocurrency investor Li Xiaolai, who was recently accused of owing 30,000 BTC , is also moving to implement the model, according to the company's website.

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Determining the effectiveness of the transaction AFTER May 1, 2019

Deal weight = V(btc) * T(k) / (Deals(day) * 0.0001) + (Сt / Deals(day) * 0.1) * Pc

V(btc) — transaction volume in BTC
T(k) — tariff coefficient (trial 0.1, initial 0.5, pro 0.7, business 0.8, voodo 0.9)
Deals(day) - number of transactions over the past day on the platform
Сt(count of token) — the number of tokens on the account balance
Pc(coefficient) - 2 for pairs with a CTG token, 1 - for all other pairs

Every day, the system calculates the total performance of transactions in the system and credits a reward to each user in accordance with his share.

Example of performance calculation (1)

Initial data:

Total transaction volume - 0.5 BTC
User tariff - Initial (coefficient 0.5)
Number of tokens on balance 100 CTG
The number of transactions on the platform per day is 8,000

0.5 * 0.5 / (8 000 * 0.0001) + (100 / 8 000 * 0.1) = 0.31375

Example of performance calculation (2)

Initial data:

Total transaction volume - 0.5 BTC
User tariff - Initial (coefficient 0.5)
Number of tokens on balance 10,000 CTG
The number of transactions on the platform per day is 8,000

0.5 * 0.5 / (8 000 * 0.0001) + (10 000 / 8 000 * 0.1) = 0.4375

As can be seen from the second example, a significant role in calculating the effectiveness of a transaction is:

— current tariff (the higher the tariff, the higher the coefficient); — the number of tokens on the balance (the more tokens, the greater the weight of the transaction); — transaction volume (total traded volume per transaction); — number of transactions per day on the platform.

The platform will generate a block containing a strictly fixed number of tokens once a day. Coins from the blocks will be distributed among traders (depending on the performance of their transactions), as well as between holders (wallets or accounts with more than 100 thousand CTG tokens). Every 120 days, the number of coins generated will first increase and then decrease. This approach will ensure stable financial growth for users and ensure that they benefit from mining.

Reward distribution table

Period	Reward per day	Miners 70%	Holders 30%	Total CTG
1-120 day	25,000	17,500	7,500	3,000,000
121-240	33,333	23,333	10,000	4,000,000
241-360	41,666	29,166	12,500	5,000,000
361-480	50,000	35,000	15,000	6,000,000
481-600	58,333	40,833	17,500	7,000,000
601-720	50,000	35,000	15,000	6,000,000
721-840	41,666	29,166	12,500	5,000,000
841-960	33,333	23,333	10,000	4,000,000
961-1080	25,000	17,500	7,500	3,000,000
1081-1200	16,666	11,666	5,000	2,000,000
Total:	45,000,000 CTG

The efficiency of trading mining can be periodically increased. This will be possible from the moment the CTG token is listed on the first of the exchanges, as well as during various partner promotions. All current trading mining formulas will be displayed on this page and additionally covered in the news.

Holders

We are confident that the platform will continue to develop. More and more traders will use it for work, and the community will grow. We are allocating 19 million tokens (19% of the total) to crypto enthusiasts who want to support the project, as well as holders who believe in the growth of the token and who want to accumulate CTG tokens through “passive trading”.

The number of tokens in the set is 100,000 with a fixed price of 1 cent per 1 token. The maximum possible number of packages for purchase is 190. Packages will stop being formed as soon as the total number of coins sold reaches 19 million. Funds received from the sale of tokens will be used as payment for listing on cryptocurrency exchanges.

With a token price of 1 cent, capitalization will be 1 million USD. According to preliminary estimates from venture investors and funds, the value of Cryptorg.net will eventually be about 10 million USD, thus holders have a good foundation for the future and the potential for a multiple increase in the price to around 10 cents. However, we cannot guarantee any specific numbers, we will simply work hard on our roadmap and implement our plans.

Road map

Attention! Each account or wallet holding more than 100,000 tokens receives a portion of the mining profits (proportional share of 30% of the daily reward). Thus, the most profitable option is to hold tokens on Cryptorg and trade bots at the same time. The weight of transactions will be as high as possible (see formula above). This will allow you to extract maximum profit from both trading mining and holding tokens in your account. Users who store tokens on the platform receive rewards daily.

Additional Information

CTG tokens can be kept both on an Ethereum wallet and on the account balance on Cryptorg. If tokens are held on Cryptorg, they participate in the accrual of additional rewards when the bot completes the transaction.

Rewards for transactions completed before May 1, 2020

All users registered on the platform before May 1, 2020 will receive rewards to the balance of their Cryptorg account in the form of CTG tokens for all successful transactions completed by bots for the entire period of use. The amount of remuneration depends on the number and effectiveness of transactions. Please note that the higher the current tariff on the accrual date (May 1, 2020), the more tokens the user will receive.

How to issue your own cryptocurrency (token) and which blockchain to choose for this?

On EOS smart contracts, the token standard is called eosio.token.

Sequencing

Note: The “url” parameter shows which node the user is connected to. Information about API endpoints can be obtained on the official project website.

1. Install cleos - a command line utility for interacting with EOS nodes (nodeos) in the REST API - using Docker, AWS Image or compatible code (to interact with the EOS blockchain, you must send commands to cleos).

2. Create a wallet, two pairs of keys for ownership and activity rights, and import them into the wallet.

3. Create an account. If the user already has an account with EOS tokens, then you can create a local account by typing cleos create account on the command line, but you cannot create an account on the main network for free, so in order to save money and time, it is better to create an account on the test network in EOS Jungle Testnet . To do this, you need to go to jungle.cryptolions.io, click on the “Create Account” link, enter the account name and two public keys created earlier, and confirm the creation of the account.

4. To publish a contract, you need to transfer several EOS tokens to your account on a special platform using the EOS Jungle Testnet Faucet, type cleos system buyram on the command line and buy RAM for EOS tokens.

5. To upload a contract to the blockchain, you need to type cleos set contract on the command line and set the parameters: account – the account to which the contract belongs; contract-dir – contract directory; wast-file – file in WAST or WASM format containing a text version of the contract; abi-file – ABI description of the contract (link: wast/abi). If the contract is created using source code, you will need the ./build/contracts/eosio.token/ folder. In the set contract command line, you need to enter the account name. Since the wast/abi files have the same name as the directory, these parameters can be omitted. Next, you should check if the code has loaded.

6. To create a token, you need to perform the create and issue actions in the push action command, specifying the following parameters: contract – the account to which the contract is attached, action – the action that must be performed under this contract, data – the terms of the contract.

7. Transferring tokens from one account to another: you need to type push action and transfer commands in cleos, create an account (just like ylvdeveloper), send tokens, check balances.

On the mainnet everything works exactly the same, but you need to use different API endpoints and pay for accounts and RAM.

Determining the effectiveness of the transaction BEFORE May 1, 2019

Deal weight = V(btc) * T(k) / (Deals(average) * 0.0001)

V(btc) — transaction volume in BTC
T(k) — tariff coefficient (trial 0.1, initial 0.5, pro 0.7, business 0.8, voodo 0.9)
Deals(average) - average daily number of transactions on the platform

The system will calculate the total weight of transactions made before May 1, 2019 and will credit the reward to each user in accordance with his share.

Please note that the higher the tariff at the time of token accrual (May 1, 2020), the greater the total weight of the user’s transactions.

Demand for the CTG token

25% discount on commission for trading on our own exchange Cryptorg.Exchange
Trading CTG tokens on exchanges.
Paying for tariffs on Cryptorg.net with additional benefits.
Marketplace on Cryptorg. Ability to purchase digital goods and subscriptions from various financial companies.
Payment of tariffs on Cryptorg subsidiary projects with margin trading.
Introduction of a token as the main unit of account for copy trading on Cryptorg and its subsidiary projects.