CIC Labs LTD Simplifies The DeFi Industry With The Introduction Of Crazy Internet Coin Chain

August 18 19:16 2022

UK – CIC Labs LTD Simplifies The DeFi Industry With The Introduction Of Crazy Internet Coin Chain. CIC Labs Ltd meticulously planned every element of its blockchain in order to develop the most intelligent smart contract platform on the planet.

The name Crazy Internet Coin was the brainchild of CEO Jared Robinson, who said ‘Make no mistake, a lot of thought went into naming this blockchain. We wanted our technology to appeal to absolutely every kind of investor – Crazy Internet Coin is a nod to the meme-coin investor, but CIC Chain has the technology to disrupt any and all industries that use any form of ledger’.

A new financial system called decentralized finance (Defi) is built on safely distributed digital ledgers that collectively make up what we now know as a blockchain. This system takes away the control banks and other financial institutions have over money, financial derivatives, and financial services and gives that control back to the people.

Decentralized finance, or Defi, eliminates middlemen from financial transactions by using cryptographic algorithms and hash codes to store data in an immutable digital ledger, meaning that it can never be tampered with, or destroyed. All transactions are stored by the blockchain, in an ever-expanding database that is validated through various consensus mechanisms, without the need for any central authority. 

The introduction of CIC Chain brings a fresh approach to Defi, to make decentralized finance more accessible to everyday people, thus speeding up the process of mass adoption. At the present time, the cryptocurrency space is mostly filled with intimidating technical jargon, but the team at CIC Labs plans to change that by building a huge Learn 2 Earn platform that simplifies blockchain education. Users will earn free cryptocurrency for completing their short educational courses and also by referring their friends and family. 

CIC is ISO20022 compliant, which is a new universal messaging standard between financial institutions. This broadens the scope for potential future utilities as it will allow developers or industries to build enterprise-grade applications on their blockchain that can communicate directly with financial institutions.

In a statement by Jared Robinson, he says, “We want everyone to understand that this blockchain is genuinely made for everyone, and our entire ethos is centered around ensuring that Defi is used more frequently, sustainably, and safely.”

In continuation of Mr. Robinson’s words, he said, “our chain will be fully decentralized because around 64% of the supply will be kept in a DAO. As a result, we can only release these coins into circulation if consensus is achieved. It’s similar to being able to mint new coins, but only if the DAO members approve and vote for it. You can also vote to burn coins, or which utilities we should prioritize’.

The founder of Crazy Internet Coin made a worthy mention of the maximum supply of coins and the number of coins that will be locked away. He said, “the community at large may decide we can or do need more coins. We have a maximum supply of 222 million coins, but since approximately 64 percent of them are locked away, it is entirely possible that we may never have more than 74 million coins.” 

“Due to the obvious characteristics of ‘Imprism’, our unique Byzantine Fault Tolerant consensus mechanism, CIC Chain has the capacity to scale to a very large public platform. Its efficiency surpasses that of other chains by up to 90%”, the official website states.

About CIC Labs LTD

The brand is most times called CIC Chain, which is pronounced as ‘kick’.

The UK company is called CIC Labs LTD and the logo is the impossible infinity sign. Crazy Internet Coin is the name of the coin – it’s both easy to remember and impossible to forget.

For more information about Crazy Internet Coin, please visit http://cicchain.net

Media Contact
Company Name: CIC Labs LTD
Contact Person: Jared Robinson
Email: Send Email
Country: United Kingdom
Website: cicchain.net

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