BlockMason Credit Protocol (BCPT)

October 09, 2019
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What is BlockMason Credit Protocol?

  1. Blockmason Credit Protocol is an Ethereum based platform for recording credits and debts on blockchain. The platform works on a mutual agreement basis where a user sends a credit or debit request to another user. If the request is accepted by the second user, then it is recorded on the blockchain as a smart contract.
  2. Blockmason uses the BCPT token to fuel its network. The token essentially acts as a license to access and use Credit Protocol network. Users can also use BCPT for settling transactions on the network. However, Blockmason will continuously change the transaction cost, based on the network traffic.

Credit Protocol Development

  1. Blockmason was co-founded by Timothy Galebach (CEO), Jared Bowie, and Michael Chin in 2016. The company is headquartered at Georgetown, Grand Cayman in United Kingdom. Blockmason is currently lead by a team of 10 members, which includes CTO, Devin Canterberry and CMO, Erik MacKinnon.
  2. Blockmason has minted 116,158,667 BCPT tokens. The total supply is fixed, no new tokens will be minted in the future. The company reserved 33,700,000 tokens for the public sale.
  3. The company launched its initial coin offering on October 1, 2017. The goal was to raise $15.3 million within 30 days, which was achieved on October 16, 2017.
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