What does the company/project do?
Cashbery Coin is a next-generation internal transaction tool.
Due to the high speed and low cost of transactions, the Cashbery cryptocurrency is an ideal means of transferring value for the Cashbery ECOSYSTEM environment. Cashbery ECOSYSTEM provides end users with a decentralized currency for payments, and entrepreneurs with the opportunity to attract new participants to their processes and loyalty programs thanks to the ease of use, security and transparency of Cashbery Coin.
The use of distributed ledger technology, in which data is synchronized with the entire network, almost completely eliminates the possibility of fraud, double spending, chargeback and unauthorized transfers.
Peculiarities
Cashbery combines two consensus algorithms - Proof-of-Work and Proof-of-Stake. PoW is used to initially distribute the coin and maintain the security of the network until it becomes highly decentralized. PoS will provide scalability and reliability of the network in later stages of its development, without forcing network participants to use a large amount of resources (such as electricity) to confirm transactions.
After block 500,000, further mining of blocks using PoW will be impossible and the network will completely switch to the PoS consensus algorithm. To generate Stake blocks, the user needs to keep a non-zero balance of Cashbery Coins in their account, specially allocated for transaction validation. The reward for generating a block depends not only on the balance of Cashbery Coins, but also on the period of holding the coins on the balance sheet.
Thus, the significance of the share is calculated using the formula Stake Weight = Stake Volume * CoinAge Formula for calculating rewards for confirming transactions during PoS mining:
nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 
Where nCoinAge is the age of coins in the wallet confirming transactions,
СoinAge = bnCentSecond * CENT / COIN / (24 * 60 * 60);
bnCentSecond — the sum of Cents multiplied by the transaction age for all incoming transactions that make up the current balance; 1 Cent = 0.01 CBC COIN_YEAR_REWARD = 0.1% per annum; annual reward calculated based on the balance of the validator’s Cashbery coins.
PoW is produced using the Scrypt hashing algorithm, which is used today to confirm transactions on such popular networks as Litecoin, DogeCoin, and over 500 other networks.
When combining PoS and PoW methods to confirm transactions at the initial stages of development of the Cashbery Coin ecosystem, the target rate of generation of new blocks in the chain will be:
● 1 block 1 time per minute (1440 blocks per day)
This combination of consensus algorithms will provide significant advantages over most popular coins in today's cryptocurrency market in both the cost of transactions (the standard fee is 0.0001 CBC) and the speed of their confirmation.
The initial supply of Cashbery Coins is 90,000,000 CBC, with a maximum supply capped at 100,000,000 CBC, meaning additional supply will stop at some point in the future to prevent value erosion as network growth naturally slows over the long term.
CBC
Cashbery Coin is a new token based on the improved Bitcoin protocol, which was launched by the company of the same name and proposes to use it for P2P lending, but specifically in the crypto segment and in order to subsequently bring it to exchanges in trading with crypto or fiat in pairs. An interesting approach to developing a new token.
The team took inspiration from popular coins, particularly Bitcoin, and other top 30 Ethereum-based coins, and invites us to see exactly what the strengths of their innovation are:
- Compared to military-technical cooperation, transfer speed per second;
- Compared to ETH and BTC, the cost per 100 transactions is 1 cent;
- You need a CBC wallet +0.2 GB, and this is a fairly reduced size, which means a reasonable price.
Cashbery Coin ICO
The opportunity is open for the most active users of the platform to buy a pre-token with solid chances of success and conquering the financial world, and this can be done at a lower cost when its official launch occurs. The Limit Sale stage allows you to receive coins for your activity in the affiliate program.
Essentially, the higher your manager rank, the more Cashbury coins you will be able to buy. Everything is fair and transparent, as for me. What we know about ISO:
- Takes place from June 1 to July 1 of the current year;
- limits on the purchase of 3.6 million coins, but may be increased in the future;
- There are 3 stages of pre-sale and the cost of the coin will change 1-1.2-1.4 $ per coin accordingly;
- At the moment, agreement is underway to add it to some exchanges.
The White Paper is intended to learn more about the technical part, as well as about development plans.
Application areas of Cashbery Coin
For individuals
Cashbery transactions take place over the Internet directly from one participant to another without the participation of third parties. Thus, the transaction commission is much lower than, for example, in banks. This allows you to use Cashbery Coin to transfer any amount - both large and small.
● Cashbery Coin is not tied to any issuing centralized authority in any country, which means that it can be easily used for cross-border transfers.
● Cashbery Coin user address (account) cannot be frozen; cryptocurrency does not have a controlling organization. This ensures CBC free distribution and circulation.
● Cashbery Coin does not require transaction details or prerequisites.
● Cashbery Coin has no transaction limits. Coins can be sent within the network as many times as you like and in any quantity.
● High level of protection against hacking, counterfeiting and counterfeiting. For these reasons, Cashbery Coin is ideal for storing and accumulating value.
For legal entities
Thanks to the low entry threshold, a business of any size does not need to spend a lot of resources in order to start accepting Cashbery coin;
● Cashbery payment system is very easy to connect to websites and mobile applications.
Cashbury's Pyramid - the whole truth! Cashbery Coin and other scams
It would seem, why should we care about the Cashbery financial pyramid? But everything is much more interesting, recently the guys from Cashbury launched their own cryptocurrency and even held an ICO. And now it smells like something is fried and it seems that the project has decided to completely collapse.
Let's figure out what cashbury is and what's going on right now.
Classic Cashbury pyramid
The Cashbury company is a classic financial pyramid and you can easily verify this by simply visiting their official website. In the section for investors, project participants are promised a profitability of almost 2% per day, and in a year the profit can reach 600%. And so that no one is embarrassed by these sky-high promises, there is also a profitability calculator, just move the slider on the screen and get the thrill of how your virtual thousand rubles turns into millions.
At the same time, the Cashbury platform should officially earn money by issuing loans to individuals and businesses. But it is completely unclear at what interest rates they should take out loans so that project participants receive the 600% per annum promised to them. The question arises, where will the money for the promised payments come from? And this is where the pyramid begins, when more and more people are involved in the fraudulent scheme, and the one who entered it first receives income from the investments of newcomers.
To search for future victims, the pyramid attracts pop stars and opinion leaders, such as famous YouTube bloggers Yuri Khovansky, Sasha Shapik, Andrey Chekhmenyuk and others. And they not only sell advertising, they encourage people to register using their referral link in order to make money from their subscribers, knowing full well that this is all one big scam. Also, Cashbury is not shy about buying extravaganza stars, as Baskov, Meladze and Buzova were seen in advertising for this pyramid.
And in order for the pyramid to last as long as possible, its participants are strongly recommended not to withdraw, but to re-invest the profits.
And the last sign of scam is the removal of any responsibility and protection from any possible claims from users. For this there is a so-called user agreement, which spells out simply fabulous conditions, such as:
- This Agreement may be changed by the Company without any special notice to the User.
- From the moment the User opens any page of any section of the Cashbury website from any technical device in an Internet browser, the User agrees with the terms of the Agreement in full, without any reservations or exceptions.
- The User agrees that the Company reserves the right to terminate the User's account.
That is, the contract states that you are obliged to fulfill it from the moment you enter the project website, even if you did not open the text of the agreement, while the company can change its content at any time or simply delete your account, appropriating all the money.
Cashbery Coin
Now let’s move on to the Cashbery Coin cryptocurrency, which, according to the alleged director of the entire Cashbery pyramid, Arthur Vardanyan, will soon become the market leader. The new “bitcoin killer” promises to be the most decentralized, popular, fast, free and most importantly reliable. True, if you study the white paper of this project, then besides the hackneyed horror stories about Bitcoin and Ethereum, and praising its own development without any specifics, there is essentially nothing in it.
It’s also clearly visible that Cashbury’s designers didn’t bother and copied the logo from Bitcoin. Although most likely this was done on purpose to subconsciously instill trust in their scam coin.
In fact, Cashbery Coin is one big hype that was created for two things.
- Raise even more money by attracting investments from the cryptocurrency market. Moreover, the company gladly accepts Bitcoin and Ethereum, which it so actively criticizes in advertising its Cashbery Coin.
- Establish another channel for the safe withdrawal of money from the system. Because it will be much more difficult for law enforcement agencies to track financial transactions with cryptocurrency and prove fraud.
And also, if the ICO was carried out for a closed group of people, in this case for Cashbury investors, and 95% of all tokens are stored in the developers’ account. Only a person who is insanely far from cryptocurrencies and reading an advertising text from a piece of paper can declare about the most decentralized coin.
When it smelled fried
What we are seeing today is a classic departure from the market of another cryptocurrency pyramid. In response to statements by the Central Bank of the Russian Federation, and investigations by honest journalists and bloggers that this is one big fraud, that the company is registered not in the name of Arthur Vardanyan, but in the name of a certain Roman Alekseev, and in general the main owners are somewhere in the UK. People are convinced that this is nothing more than the machinations of competitors and envious people. And they do not announce the closure of the company, but simply a break in work in order to cope with temporary difficulties.
What's really going on? In practice, this technical break is needed in order to better hide the financial loose ends in the water, but the main thing is to lead investors to the idea that the ball has ended and they have lost their money. Because if you tell people that they were simply cheated, then riots and even suicides may begin, this will cause a resonance in society and then law enforcement agencies will look for the organizers of Cashbury for real.
Also, this supposedly forced and temporary break is being used to tie up loose ends. If you look at Cashbury's official website, you will see that all the videos on the site have disappeared. When you try to open them, you will be informed that your YouTube account has been deleted. For Cashbury followers who are still in the world of their fantasies, the support service tells tales that the YouTube channel was blocked due to complaints from envious people and encourages them to file complaints against channels that criticize Cashbury. But you understand that there is a difference between blocking a channel, which is very easy to protest. And deleting the account, which only the owner can do. By the way, YouTube bloggers who advertised this scam are now also actively deleting these videos.
And then it will be stated more than once that Cashbury will return to work very soon, payments will resume and we need to wait a little more, and so on, until the final project leaves the market.
The saddest thing in this situation is that in time Cashbury will be replaced by a new pyramid, which will promise exorbitant profits and people will again believe and bring money to them.
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Conclusion
Cashbery Coin is the brainchild of the famous Cashbery holding and the implementation of one of the ideas of its director Arthur Vardanyan. Previously, the platform offered solid and regular profits, acting as an investor in a P2P lending platform for small and medium-sized businesses.
On November 1, 2022, in his next video message, Arthur Vardanyan announced that the company was ceasing operations due to bullying by media representatives.
Vardanyan’s classmate and teacher appeared on a live television program dedicated to the company and claimed that his real name was Eduard Rezanov. According to friends of the founder, he lived in Magnitogorsk and studied to become a psychologist, but was expelled for regular absences. After an unsuccessful attempt to graduate from university, he got a job in a hookah bar. Later, friends saw him on the Internet - a successful businessman who founded a huge financial company.
The beneficiary of Cashbury is considered to be a certain Roman Alekseevich Alekseev, who also manages five more organizations - Veles LLC, Bet LLC, MFO Cashbury LLC, Stem LLC and Ferrokom-service CJSC.
