Carry (CRE)

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 Basics

* Started in: 2018
* The Carry Protocol (CRE) is a data management platform that empowers users by giving them control over their consumption-related data.

## History

* From their own docs (11-6-2020):

"*The Carry protocol is operated by the co-founders of Spoqa, South Korea’s largest brick-and-mortar rewards platform. The team has seven years experience growing a business from zero to 15 million customers, with rewards enabled for $2 Billion in transactions annually. Spoqa has $10 million in funding and has expanded from Korea into Japan. The Carry Protocol has already drawn support from cryptocurrency heavy hitters like Hashed (early angel investors in ICON)."*

## Token

### Token allocation

* From their website (11-6-2020):

"*Token Generation Event 40%*

*Partner Programs 25%*

*Market Activation 15%*

*Team 10%*

*Reserve 5%*

*Advisors 5%"*

### Utility

* From Binance Research (28-10-2019):

*"The CRE token is the ERC-20 utility token for the Carry Protocol. Consumers can use it as currency to pay merchants within the Carry ecosystem, and can earn CRE tokens for sharing purchase data and for receiving targeted ads.*

*CRE is used by three parties: (1) **Consumers** may use it as a currency within the Carry ecosystem, while (2) **merchants** use it to create branded tokens. (3) **Third-party advertisers**, lastly, pay consumers in CRE for accessing the consumers’ transaction data blockchains."*

## Tech

* Whitepaper can be found [insert here].
* Code can be viewed here (11-6-2020).
* Built on: Ethereum, ERC20
* Programming language used:

### How it works

* The CEO mentions in an AMA that they are not using a blockchain, but do it centralized ‘for now’. (5-2020):

*"For these services to be successful, it is important that the services run without problems on blockchain technology. However, in the past two years, it was difficult to find the cases which implemented large-scale services on the blockchain. This is why we decided to build our product to run on our servers in the centralized manner first and wait until the base protocol projects prove their commercial viability. Once the commercialization of base protocols are proven, we will migrate the service to the base protocol of our choosing."*

## Audits

* Bug bounty program can be found [insert here].

## Team, Funding, Partnerships, etc.

### Team

* Full team can be found here (11-6-2020).
* Richard Choi; co-CEO

### Funding

* Hashed is mentioned (11-6-2020).
* According to their website (11-6-2020): Arrington XRP Capital, Node Capital and others.