Creditbit Site Goes Live; Price Hits the Roof

CreditBit, which is all set for migration in seven days, launched its revamped site for Credit 2.0.

Credit 2.0, also named “credit2”, is the name of the second CreditBit development roadmap and also parent project of CreditBit Development Team. Main goal of this project is to develop and maintain crypto currency ecosystem, based on token that is built on top of the Ethereum Blockchain.

Creditbit, the MIT/X11 licensed cryptocurrency project, has been creating waves in the crypto industry for quite some time now. The platform has been consistently raking in good news.

In addition to the Creditbit site going live, the prices of the cryptocurrency is touching new heights following its debut in the DaBTC exchange. As predicted by many Creditbit community members, the crytocurrency is only gaining as a result of its exposure to the Chinese market. After seeing a decrease in the price last weekend, the cryptocurrency is now on an upward hike and is now being traded at 0.00030117BTC, and has also reached the market cap of 4,743,912 USD.

The Credit 2.0 project started on January 1st, 2017 with introducing new Dev team. The innovation and development undertaken as a part of this project has only helped Creditbit strengthen its position in the crypto space. The Project is based on open-source and continuous development principles. It consists of several subsidiary projects, ex. CreditMC or CreditGAME.

While this project covers more technical side of development, Decentralized Autonomous Organization (DAO) will be responsible for developing Community, social, marketing and decision-making processes.

First stage of the project will be concluded with a migration to another platform: CRBIT, Bitcoin-class coin will be replaced with Ethereum based token.

Migration is an important aspect of CreditBit development plan in order to evolve the Crypto Platform that supports CreditBit coin. With migration to Ether token, the platform enables usage of Smart Contracts, DAO, innovative distribution systems and DAPPs.

The first round of migration is set to start on March8, 2017.

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