Contractium: Smart Contracts In An Instant

Author: johnthedon

BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1860087



Contracts offer businesses and companies numerous advantages because of their binding nature. Contracts lay down the guidelines with the end in view of preventing the possibility of litigation cases. Anyway we look at it, you can never go wrong when you have a carefully drafted and executed contract supporting your move every step of the way.

But that’s just the thing because some contracts are not “carefully drafted and executed” at all. Besides, these paper contracts we traditionally know take time to make and often require legal assistance to ensure that all points are well taken. Even then, the end product can appear too messed up with legal terms that, instead of providing clarity, the contract provides just the opposite - confusion. Gaps abound, in this case, sometimes resulting to complicated legal wars, the very thing we are trying to avoid by executing a contract in the first place. Isn’t it ironic how contracts can become heaven or hell for businesses?

Paper contracts are evolving to smart contracts in order to solve these efficiencies. Smart contracts are computer-generated contracts that are just as binding as paper contracts, minus the cost, the physical toil, the 3rd party influences and other complexities. They are immutable, too, which means to say, they cannot be modified or tampered with. They’re distributed, as well, which enables crowdfunding to happen. With smart contracts, deals can be made instantly between two parties and business arrangements can proceed without hassle. No wonder, so many businesses are moving to blockchain to enjoy the many benefits of this digital form of contract.

With Contractium, there will even be less worries and more benefits to users. Contractium, as a Software-as-a-Service (SaaS), not only allows the easy generation of smart contracts either thru a desktop, web or mobile application, but at the same time, also provides businesses a payment alternative and makes possible the creation of a unique rewards system. All these can happen because Contractium is fueled by a token, CTU.

The introduction of Contractium into the market is very timely as businesses are already heading over to the highly efficient blockchain platform. Contractium can very well serve the contract needs of businesses without these businesses having to learn even a thing or two about the technology behind it.

Expected to benefit the most from Contractium are the independent contractors or freelancers, as we love to call them. Contractium is taking advantage of the huge freelance market to target freelancers and clients. Freelancers take to the internet their need for work. Usually, they utilize ad platforms and job sites to look for clients. The problem with ad platforms is that freelancers don’t know who they’re dealing with. There’s no previous relationship, working or otherwise, that makes it nearly impossible to tell if the client will even pay at all. There’s no contract generated, either, to protect both client and freelancer. With ad platforms, it’s usually a hit or miss. Lucky you if you find a client who will actually pay you as you deserve to be paid; but if the project turns out to be a scam, well, it’s a huge loss on your part, then. Perhaps, you can say, “charge it to experience”, but imagine if this happens often. What will happen to your career as a freelancer, then? Meanwhile, jobsites may look like a more secured way to look for freelance work. But jobsites are not a perfect solution, either, because freelancers usually suffer from incredibly low pay and high transaction fees due to the involvement of 3rd parties.

These gaps are what Contractium hopes to address. Right on the platform itself, freelancers and clients can create an agreement without having to go through lengthy paperworks, and without the need to involve an intermediary, such as a legal counsel, either. Payments can be made securely and safely, as well. Contractium connects freelancers and clients and creates an environment that is secure for transactions to take place, and rewarding, at the same time, as it incentivizes both freelancers and clients who perform activities on Contractium. 


Targeting the freelance sector alone, Contractium can already expect to sustain its business as its business model encourages continuous engagement and allows revenue streams from transaction and service fees. But Contractium is also designed to be flexible such that it may also be integrated in e-commerce and advertising websites, social media platforms, as well as in online game applications.

Besides all these, Contractium’s token, CTU, is proving to be a valuable token as it has already earned the trust of notable exchanges such as Bitmark, Bancor, and Idex, to name a few. Said exchanges, and several others, have confirmed the listing of the CTU coin on their exchange platforms. We all know for a fact that to be listed on a popular exchange platform is one of the major goals of any ICO project, as it is one of the determinants of the success (or failure) of any ICO venture. So, with several popular exchanges already confirming the listing of CTU, we can make a safe guess that Contractium is going to be a successful and profitable application.

Token Details:

Token: CTU
Price: 1 ETH = 15,000 CTU
Platform: Ethereum
Soft cap: 2,000,000 USD
Hard cap: 10,000,000 USD

For more information, visit the following pages:

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