CellBlocks unique forms of cryptocurrency

Februari 15, 2018

What are CellBlocks?

CellBlocks is a unique form of cryptocurrency, not because it is but because of how CellBlock's use was created to help make financial transactions in the Prison System more accurate, uniform, and secure. This is the only decentralization of cryptocurrency to enter the US prison system. Across America, Prisons have allowed inmates to receive letters, prisoners, and also prison officials from California to New York have expressed strong interest in the system.

Now our mission to take the next step and install a kiosk system in prison inmates can make their own transfer from this membership-based token system. Because Of how the use of cryptocurrency, the transaction is much easier and easier to monitor; detailed records of each transaction are generated and stored in the ledger.

CellBlocks mission is to be fully functional in the prison's financial network, letting inmates accept and use this new token system without worrying about delays, unexpected costs, inaccuracies, or theft by other inmates. Inmates directly access to their tokens and can use it as a barter system as needed.

Even inside the prison, inmates must have a functioning system that allows them to use tokens for the services they use or buy in prison. The existing system is very flawed and, in some states, is almost closed due to budget cuts. Convict-for-prisoners The system leaves prisoners vulnerable to negligence and direct fraud by others who are prisoners who may steal items they value.

ICO overview

The Token CellBlocks are ERC-20, standards-based, tooth etereum. The team at CellBlocks, has worked to build an integrated network for digital prison inmates Prisons and inmates support the mission of implementing a digital token system in the US prison system
The next stage of development is the implementation of a pilot program within US prisons. This phase will be ready to begin at the end of Q4 2018. This white paper will explain the key stages and features of the CellBlocks solution and future schedules where our products will be developed and implemented.

CellBlock offers prepayment of the CLBK Token, so more advance payment of 150,000,000 CLBK Token at an initial market value of 0.10 USD per CLBK Token. This token enables access to the CellBlocks exchange network.

ICO Specs

Start date is April 1, 2018, 10 am (UTC-7)
56 day Sales Duration
End Date June 10, 2018, 10 am (UTC-7)
Price CLBK Token 0.10
Option for Initial Dismissal Upon reaching 10MM
Token Limit 250,000,000
Customized Distribution of Unfilled and Unfilled Tokens will be destroyed
No further tokens
Bitcoin Purchase Method (BTC), Ethereal (ETH), Litecoin (LTC),
Wire
Mincap 1M
Distribution of Token No later than June 30, 2018
Transaction Burn Rate, 5% of each transaction

The problem

Current Financial System for Residents With more than two million people placed in US prisons, financial system inmates used to make purchases do not always work as designed. The payment system currently used by penitentiaries and other correctional facilities imposes exorbitant fees on deposits and transfers money to private accounts of inmates.

In many cases, when inmates receive more than half of the money has been taken in fees and other costs. Many families owe to make sure their jailed person has what he needs, just for a piece of money to be taken before the prisoner even has access to it.

CellBlocks: The solution

We present CellBlock, a modern solution to all the problems associated with it. CellBlocks inmate transactions provide a valuable alternative to the money system currently in prisons around the country. Instead of letting outside entities charge exorbitant and often hidden charges, CellBlock puts the reins in the hands of inmates and prison officials. No more third-party money flows cause stress and frustration or gain from the suffering of others (5).

In 2014, ConCoin (acquired by CellBlock in 2017) developed into an effective alternative to sluggish financial networks and reduced violence associated with inmate-toinmate transfers. State and federal prisoners need a fast, efficient, and secure digital Barter system through the use of digital tokens. With CellBlocks, inmates will be able to send and receive digital tokens through virtual "purses" in real time.

The ConCoin project has some questions for the pilot program, but without the funding from the crowd, the project is stuck. This is why we see the potential in ConCoin and buy it.

Permanent Value Token

When the Token offer is launched, a CLBK Token will have a fixed value
0.00001 BTC. This is a convenient measurement of value because it is equivalent to USD
the value of one Bitcoin. For the equivalent price of other cryptocurrencies, this exchange will be done
used for CLBK Tokens: Bitfinex, Bitstamp, and Poloniex. To assign value to the holder
from CLBK, CellBlock focuses on serving inmates with quick and efficient support
adoption on a mass scale.

Token Distribution Plan

75%: Distributed to
community
9%: Reserved for founders
7%: Reserved for prize inmates
3% Reserved for affiliates
3%: Tokens are allotted for prizes
3%: Token given to ConCoin
1.5% Six months after ICO
1.5% 1Two months after ICO

For those who will purchase a CLBK Token on May 1, 2018, the existence of a Token for
their ownership will be ensured by CellBlocks. Distribution of Tokens before May 25,
2018, can be done, but the Token will not be active for transfer and use up
May 25, 2018. All functions enabled with Tokens will be active on May 25, 2018.