Cratos is a real-time voting platform that utilizes its CRTS token to enable community-driven decision-making processes.

In today’s digital age, the quest for unbiased and objective news remains elusive. Social media, driven by algorithms prioritizing user preferences, often reinforces existing biases by filtering and presenting only agreeable content. This echo chamber effect skews public perception, making true democratic discourse challenging. Traditional and new media platforms struggle to deliver unedited, neutral information, raising concerns among those who value democracy and the power of an informed electorate. For these individuals, the CRATOS app represents a hopeful shift towards more transparent and participatory media and public opinion processes.

What is Cratos (CRTS)?

Founded by Pharos Labs, Inc. in February 2020, Cratos is a South Korean blockchain initiative aimed at revolutionizing real-time voting systems. The company, under the leadership of founder and President Sangheoun Noh, who has extensive experience in investment and business administration, and CEO David Kang, an expert in startup acceleration and cryptocurrency, was created to develop and commercialize blockchain-based projects.

The CRATOS app, launched in December 2020, challenges the biases of traditional media and the limitations of existing public opinion polls. Designed to ensure fair representation by allowing only one vote per person, the app aims to quickly and accurately gauge public opinion. As of February 2023, it boasted over 600,000 downloads and more than 300,000 active users. The community is diverse, consisting of approximately two-thirds with progressive and conservative views and one-third moderates.

In 2021, the Cratos app’s traction surged impressively. With over 50,000 users and 1 million comments, it quickly went viral in Korea, gaining over a thousand users weekly through referrals. Daily, many topics are initiated, resulting in over 400,000 voting interactions. This engagement provides valuable data for future analysis and commercial prospects. Responding to widespread interest, the team is diligently developing a global version of the Cratos app, which is expected to make a significant international impact.

This innovative app is part of Pharos Labs’ mission to integrate blockchain technology and Blockchain-as-a-Service (BaaS) into viable business ideas, enhancing user participation and ensuring transparent and decentralized voting. With its robust user base and commitment to fairness, CRATOS is positioned as a significant player in democratic digital solutions.

How Does Cratos Work? Cratos App and DAO Governance

Cratos is revolutionizing real-time public interaction through its mobile application, fostering enhanced democratic engagement and participation. The app serves as a platform for Vote-to-Earn (V2E) activities, where users can create voting topics based on personal interests and participate in community polls. This real-time voting mechanism allows for immediate visibility of demographic results, promoting an informed and active community.

By participating in various activities within the app, such as voting, generating votes, commenting, and registering, users earn Cratos tokens (CRTS). These tokens incentivize participation and reinforce the app’s utility in everyday digital interactions. Since its launch in December 2020 and the global version in December 2021, the Cratos app has become available on Android and iOS platforms, making it accessible to a wide audience.

The Cratos app features include user-generated votes, which are updated in real-time and provide immediate statistical feedback. This feature enables users to see the impact of their votes instantly, enhancing the interactive experience. Additionally, the app includes administrator-posted votes that present issues from a neutral viewpoint, ensuring the objectivity and fairness of the information presented.

Moreover, the Cratos platform includes a robust public opinion polling system utilized by various media partners to gather and analyze public sentiment quickly and efficiently. This system is praised for its speed and cost-effectiveness compared to traditional polling methods.

The app also boasts an intuitive and user-friendly interface, simplifying creating and participating in votes. Its design is focused on enhancing user engagement without compromising the ease of use. The discussion board feature of the app allows for free and open discussions on various topics, providing a platform for diverse opinions and debates.

To ensure the integrity and productivity of discussions, Cratos enforces strict community guidelines. These guidelines foster respectful interactions among users, promoting a constructive environment for debate and discussion. The app penalizes inappropriate behavior and content, maintaining a high standard of discourse and preventing the spread of misinformation.

In addition to real-time voting, Cratos is preparing to extend its platform through decentralized autonomous organization (DAO) governance. This progression aims to integrate user feedback directly into the app’s development and management processes, further empowering its community. The shift towards DAO governance represents Cratos’s commitment to democratizing content and decision-making processes, aligning with its foundational goals of transparency and community empowerment.

As Cratos continues to develop and refine its offerings, integrating DAO governance will mark a significant step forward in achieving its vision of a fully democratic and user-driven platform. This approach not only enhances user engagement but also ensures that the platform remains adaptive and responsive to the needs of its diverse user base.

Source: cratostoken.com

DAO Governance

Cratos is evolving into a decentralized autonomous organization (DAO), transitioning significantly from a centralized model to a community-managed platform. This change empowers Cratos token holders to directly influence the project’s development through a democratic voting process. Cratos DAO was officially launched on October 17, 2022, allowing token holders to propose, discuss, and vote on various aspects of the project.

The essence of the Cratos DAO lies in its ability to decentralize decision-making. Token holders can post proposals related to the technological development, ecosystem expansion, or business strategies of Cratos. Voting power within the DAO is proportionate to the number of Cratos tokens a member holds at the time of each proposal snapshot. This system ensures that the more invested a member is in the platform, the greater their influence on its direction.

Initially, the Cratos team guides by posting proposals and facilitating discussions to ensure smooth DAO operations. This involvement is crucial during the early stages to set precedents and frameworks for community governance. Over time, the team plans to introduce auto-executable proposals, where approved proposals are automatically implemented without further manual intervention, enhancing efficiency and responsiveness to community decisions.

The DAO’s implementation is designed to increase engagement and accountability among Cratos users, token holders, and the broader community. By enabling token holders to become active participants in the project’s governance, Cratos aims to foster a more inclusive and responsive ecosystem. This shift promotes transparency and aligns with the decentralized ethos of the blockchain space, where every participant has a stake in the network’s success.

Looking ahead, Cratos envisions a platform where community governance is not just a feature but a defining characteristic of the project. The DAO model reflects a commitment to democratic values and community empowerment, promising a future where Cratos is shaped by its users for its users, ensuring that the platform remains relevant and valuable to those it serves. This participatory approach to governance is expected to drive innovation and maintain the platform’s alignment with its users’ needs and aspirations.

Source: cratos whitepaper

Cratos Use Cases

Cratos is designed to enhance democratic participation in digital spaces through its real-time voting platform. By leveraging blockchain technology, Cratos facilitates a more engaged and transparent interaction among users, providing a range of applications:

• Public Opinion Polling: Cratos provides a real-time voting mechanism that allows for immediate public opinion gathering. This tool is handy for media outlets and researchers who require quick feedback on various issues, ensuring that the pulse of public sentiment can be gauged with speed and accuracy.
• Market Research: Companies can use Cratos to conduct market research by creating polls that target specific user groups within the app. This functionality offers businesses critical insights into consumer preferences and behaviors, enabling more informed decision-making.
• Community Decision-Making: Cratos empowers community groups by providing a platform for decentralized decision-making. Whether it is a local community or an online group, members can propose initiatives, vote, and see results in real-time, which promotes active participation and democratic engagement.

Cratos is not just a tool for voting; it is a versatile platform that can be utilized for a wide range of applications, from enhancing democratic processes to conducting efficient market research and facilitating community-driven decisions. This versatility makes Cratos an invaluable tool in the modern digital landscape, where engagement and transparency are paramount.

What is the CRTS Coin?

CRTS is the utility token of the Cratos platform, facilitating voting and rewards. Its maximum supply is capped at 100 billion units, of which 49.3 billion (49.30%) are already in circulation (April 2024).

CRTS token is integral to its Vote-to-Earn (V2E) model. With 36% of its total supply earmarked for user rewards, CRTS incentivizes active participation within the Cratos app. An additional 20% supports ecosystem development through partnerships, enhancing network growth and integration. The token allocation includes 16% reserved for foundational activities with a 12-month lock-up, 15% for ongoing development with a 6-month lock-up, and 13% for marketing efforts to expand global outreach, with these tokens unlocked.

The CRTS token facilitates multiple functions: registering on the app, generating votes, participating in votes, and commenting on votes; each activity rewards users with specific amounts of CRTS, fostering engagement and platform growth. For instance, registration rewards a one-time payout, while daily activities such as vote participation and commentary offer recurring rewards, subject to daily limits.

Source: cratostoken.com

As Cratos evolves, the token plays a crucial role in governance, with plans for DAO integration where token holders can propose and vote on crucial platform decisions. This transition aims to decentralize control, aligning with the ethos of blockchain’s transparency and user empowerment. The future of CRTS involves potential buybacks once initial reward allocations are depleted, ensuring sustainability and value retention within the ecosystem. Significant emphasis is placed on the token’s role in shaping a community-driven governance model, highlighting its importance beyond mere transactional utility.

Cratos Main Features

These are some of the key features of Cratos, a platform designed to reshape how we interact with digital identities and community-driven data, ensuring user control and enhancing democratic engagement:

Cratos Decentralized Identity (DID)

Cratos employs Decentralized Identity Technology, representing a significant shift from traditional identity management systems. By allowing users to own and control their identity data on a blockchain, Cratos enhances security and privacy significantly. This technology ensures users are the central authority of their personal data, reducing dependency on centralized systems prone to hacks and data breaches. The adoption of decentralized identity in Cratos provides a robust foundation for secure digital interactions and is important for functions such as electronic voting, potentially transforming electoral processes worldwide. It simplifies the identity verification process, eliminating the need for intermediaries and providing a more direct, secure way to manage and share identity data across various platforms.

Source: cratostoken.com

Competitive Analysis

Cratos positions itself uniquely in the digital landscape by integrating community-driven voting mechanisms that offer a democratic and transparent approach to capturing public opinion. Its main competition comes from traditional research institutions that use call-based polls, often seen as less efficient and more susceptible to bias and political pressure. Additionally, Cratos challenges online communities where one-sided political biases can dominate. The platform’s decentralized identity and blockchain technology allow it to surpass these traditional methods by providing a more secure, unbiased, and cost-effective solution for gathering and analyzing public opinion.

Cratos stands out by blending advanced blockchain technology with a democratic information-sharing approach. This combination not only enhances user privacy and security but also fosters a more balanced and open platform for public discourse and decision-making. Through its innovative use of decentralized identity and a robust voting system, Cratos is set to transform how we interact with and manage digital identities and community-driven data.

Is CRTS a Good Investment?

According to what was discussed in various reviews, democratizing information through Cratos aims to address current issues with manipulated information, presenting an appealing vision. Yet, despite the promising concept, the platform faces challenges in achieving widespread adoption. The infrastructure’s usage levels have not peaked, indicating potential growth areas. Therefore, while the idea behind CRTS aligns with modern needs for transparent and decentralized information sharing, its practical execution and adoption rates must improve to realize its full potential as a transformative tool in digital democracy.

How to Own CRTS?

To own CRTS, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy CRTS.

News on Cratos

According to what was announced on Twitter in December 2023, Burrito Wallet and Cratos Token have formed a partnership. Cratos, a mobile voting app that integrates the V2E Cratos token, allows users to earn rewards by participating in surveys. The app has achieved over 600,000 downloads and has a user base exceeding 300,000. Burrito Wallet, known for its ease of managing crypto assets in a Web 3.0 environment, looks forward to enhancing user engagement through this collaboration with Cratos.

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