FAQ - Choise.com

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FAQ

So what is Choise.com?
Choise.com is the innovative crypto solution that combines all the benefits of CeFi and DeFi (centralized and decentralized finance) services into one system. This bridge between CeFi and DeFi user bases will greatly simplify user exposure to DeFi products, making the process easy, reliable and fool-proof. At the heart of Choise.com is a new, in-house DeFi ecosystem Charism, a suite of products (non-custodial wallets, cross-chain bridges, transaction builder, decentralized derivatives and other solutions).
How does CHO token benefit Crypterium community members?
(1) For Crypterium users and CRPT holders, the new CHO token will be a great benefit.  Up to 10% of the CHO token supply and will be distributed among  CRPT token holders within the framework of several airdrop programs over two years. 
(2) CHO token will stimulate activity within the Crypterium App. 
(3) Choise.com will provide the community with DAO aimed at boosting up the whole ecosystem.
Do you plan to issue more than 1 billion of CHO tokens? Do you have a deflationary model?
The maximum number of CHO tokens that will ever be created is 1 billion.
Why are you launching DAO? 
DAO is the optimal structure for the governance body, because the entrance to the DeFi and Web3 space will be even more organic when assisted with the crypto-native digital organizations.
The ecosystem will be governed by DAO which operates based on CHO token.
What is CRPT token? 
CRPT token is used in CeFi part of Choise.com ecosystem (Crypterium app).
Just as a machine operates on fuel, Crypterium payment solutions are powered by CRPT tokens. Every time someone makes a payment, a fee equal to 0.5% of the value of the trade in CRPT is taken from the user’s account and burned.
CRPT tokens can also be used as a method of paying fees applied to other, non-digital asset-fiat transactions in the Crypterium App — for a limited period of time or indefinitely, at the sole discretion of Crypterium.
How will CHO and CRPT interact? Will CRPT still be the platform’s main token of interaction? 
CHO token will become the backbone of the new ecosystem together with our first token—CRPT. CRPT was, is and will remain the main token of the centralized part, representing a utilitarian function of crypto-fiat gas. CHO will be the main decentralized token representing the power of the vote in the DAO. 
Our goal is to achieve complete decentralization and to form a community of interested token holders who can influence the development of decentralized protocols within Сhoise.com. On top of all that, the governance function will allow community members to manange the entire ecosystem. It is important that in this case, the models of burning and the models of transaction fees in Crypterium are preserved. 
What is Crypterium App?
The Crypteirum App is a one-stop solution to all your crypto-related needs. It lets you store, buy, exchange and transfer the most popular cryptocurrencies – Bitcoin, Bitcoin Cash, Ether, XRP and Litecoin, USDC – at the best market rates. It’s an app that is already trusted by more than 650,000 customers worldwide. 
Who will be participants in the Strategic Round?
Institutions and influencers who help us with the marketing.
Is the CHO sale price the same for the Crypterium community as well as the general public?
During public sales, we will provide better price offerings for Crypterium App users. Detailed information will be announced later.
Who are Core contributors?
Our core contributors are our advisors.
Will you have two different apps for Crypterium and Choise.com?
No, we will only have one single app for the whole ecosystem.
Does Choise.com plan to launch its blockchain?
No.
Why do you need a new token? Can't you just use CRPT?
Indeed, a new token is essential. CRPT is not a good candidate for this role. Here is why:
To be as objective as possible, it's worth noting that both tokens, CRPT and CHO will both be of the ERC20 standard. This is all they will have in common. This is hardly all they have in common. CRPT is a CeFi oriented utility token and its tokenomics don't fit the needs of DeFi oriented services.
First of all, tokenomics of CRPT were tuned up to fit use cases of the Crypterium app. Tokenomics is not a thing that can be changed on the fly. You simply cannot reshape it once tokens are in circulation.
Secondly, we believe that entrance to the DeFi and Web3 space for Choise.com will be even more organic when assisted with a new token (not a CeFi oriented one). For example, DAO requires voting power which the CRPT token doesn't have.
Finally, though DeFi services live in the same ecosystem as Crypterium, they are a completely new product. A separate DeFi team is responsible for the development of Charism protocol (aka DeFi services). This team can deliver the best possible product if only every piece of the product perfectly fits its place.
CHO tokenomics is a crucial part of the product's success. It's solid and it's designed in a way to bootstrap Charism protocol expansion. CeFi oriented CRPT tokens and their tokenomics just cannot be used as they will not fulfill the potential of Charism protocol and web3 innovations.
What is your relation to the Crypterium?
Basically, Choise.com is a whole new ecosystem with Crypterium, being one of its building blocks. Crypterium and Choise.com are sister projects that are able to leverage four years' experience of Crypterium's team in the field of blockchain and Web3 innovations.
Is CHO token ERC-20 compliant?
Yes.
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