Cryptium is moving to Polygon

Dear Cryptium Community

We are near the finish line. The audit of the code is starting next week finally. We have many different topics to discuss:

Moving Liquidity to Polygon

Polygon Network

Transaction Fees: on ERC20 (Uniswap), the cost of transactions has been so high lately, that we are once again looking to move the liquidity to ensure we get proper transaction volume. We have many investors waiting to invest, some of which have been waiting for a month for the transaction fees to come back to decent levels. We are moving the liquidity to transact on Polygon. Much of the market has already moved to the layer 2 solution of Polygon, which has recently surpassed Ethereum in transaction volume. There may even be a play to consider Cardano, but we will see how they continue to mature. The Binance Smart Chain was not ideal for several reasons and including our US investors were not able to purchase BNB. So we will try to stay away from Binance for now.

Extension of the minimum 100% APY promotion

Our special promotion awarding a minimum of 100% return for the first year will remain in effect until December 31st, 2021, to allow our investors enough time to buy upon the transition to the new network.

Rebranding Cryptium to Fatstack

After in depth analysis and research, we have decided to narrow our focus on individual investors for better traction and growth. Businesses will remain a valuable segment of the transaction volume and growth potential, but Fatstack as a brand and name resonates better with individuals in the existing crypto communities. While the function of the token will remain the same, the focus and marketing efforts will shift from business cash flow, to hedging and growing crypto portfolios for individual investors.

Liquidity Changes

We will transfer 50% of the liquidity pool to Polygon, the rest will be utilized for the following operational expenses:

1. To cover the audit of Fatstack’s smart contract and security.
2. To cover marketing and website development for the launch.
3. Getting listed on a small, centralized exchanges.
4. Lastly, investing into Defiance, a new game project lead by our team. This project will take advantage of the growing Play-to-Earn gaming market. With now just over 1.5B gamers worldwide, we believe this market will bridge large adoption of crypto and particularly Fatstack into the mainstream over the next 5 to 10 years and resulting in solid returns and sustainability for Fatstack. This gaming project has been accepted into the Antler’s accelerator program in Singapore with potential external funding.

Partnership with The Knowledge Society (TKS)

1. We will be dedicating 2% of the total supply of Fatstack for scholarship opportunities to young adults (14 to 18 years old) in the field of science and technology to solve the world biggest problems. This will fall under a charitable donation but will results in massive marketing opportunities exposure for the Fatstack brand and buying volume.
2. Patrick Poirier, AuDeFi’s CEO, recently awarded $1,000,000 of his own money to Arnav Shah, a 15-year-old Artificial Intelligence prodigy. Arnav was the winner amongst 5 amazing finalists of the Legacy Award, all came from TKS. Arnav, was the youngest Software Engineer intern at IBM. He was able to make advances on, machine learning optimizer algorithms, that have surpassed anything on the market today. The 4 remaining finalists have been offered $1.25M to match an upcoming crowdfunding campaign, which will aid to financially support their ongoing research discoveries in science. The funds raised in the crowdfunding efforts will be converted to Fatstack and result in significant returns for the whole community. This will have great publicity repercussion on Fatstack for years to come.
3. TKS and AuDeFi are in discussion to launch a new investment fund that will support TKS’s thousands of participating teenagers that are striving to be tech entrepreneurs. As they launch businesses and change the world forever, we will be at the forefront to be early adopter and investors resulting in significant additional volume for Fatstack. We are currently negotiating with 7 young TKS entrepreneurs to proving matching investment with Fatstack, which will make a proof of concept demonstrating the financial return for our community. The 7 entrepreneurs should result in $50,000 to $200,000 of additional buying volume on Fatstack over the next 3–6 months.

What’s Next

1. We are targeting significant investments at 4 profitable ecommerce companies to run their $1.375M excess cash flow into Fatstack. This will generate positive buying volume for many years to come in a predictable fashion.
2. We have many other opportunities to pursue that we cannot discuss yet because of legal reasons, but rest assured, we will be a solid foundation to Fatstack.

Links:

Home | Cryptium

https://tks.world/ (The Knowledge Society)