Crypto Depository Receipts (CDR) is a crypto financial platform. Members will be able to trade cryptocurrencies for equities, bonds, and derivates, allowing fractional ownership that acts like a share of a specific corporation. Crypto Depository Receipts features a set of financial tools developed to assist users when investing in the crypto market. In addition, an internal crypto exchange service is available for the participants to transact their digital assets.

The CDRX token is an Ethereum-based (ERC-20) cryptocurrency. With similarities to stable-coins, CDRX is a securitized token backed by real-world assets, whose value matches the value of the underlying stock or bond that each CDR represents. Furthermore, it can be used as a medium to exchange value when using the platform services.

Team:

• David Ward: CEO. 
• Matthew Spittle: CTO. 
• Zung Le: Head of Market Microstructure. 
• Thanh Nguyen: Head of Software Engineering. 

CDRX ICO will begin on November 19, 2018. The ICO token supply represents 50% of the total token supply, so there is a total of 200,000,000 CDRX tokens available, for 0.5 USD each. The ICO funding target is 5,000,000 USD, the funding cap is 100,000,000 USD and is expected to end on December 23, 2018 or when the funding cap is reached.

Token Reserve Split (50%):

• 40% Founding team and second-round investors;
• 10% First round investors and ICO costs.

CDRX ICO features a bounty campaign as well as a bonus structure.

Bonus Structure:

• 32% 5 Nov;
• 29% 6 Nov;
• 26% 7 Nov;
• 23% 8 Nov;
• 20% 9 Nov;
• 17% 10 Nov; 
• 14% 11 Nov; 
• 11% 13 Nov; 
• 8% 15 Nov; 
• 5% 17 Nov.