Traditional contracts, issued in paper form are less convenient. The terms of cooperation vary: the parties agree on discounts, change the schedule of work, methods of payment. Smart contracts that automatically track transaction conditions and transfer payments, simplify the work of financiers and account managers. However, such an agreement is not legally valid, and only a qualified programmer will be able to draw up a contract based on the blockchain.

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Contractium offers an accessible system for creating "smart" agreements, integrating payment instruments and rewards. The software is suitable for freelancers, e-commerce businesses, online gambling, managers in social networks groups. Technically, Contractium is a decentralized "constructor" that automatically generates a contract based on input data.

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**How Does the Contactium Platform Work?**
An application that creates a smart contract based on the requirements of each of the parties is at the core of the platform. Participants in the transaction register in the application, create a new agreement, establish the terms and conditions of payment and confirm them without closing the program. The result of work is aт efficient contract adapted to a specific transaction. Personal information of the parties is stored on the blockchain in an encrypted form, protected from any unauthorized access. 

The whitepaper of the project contains the final functions for creating and editing smart contracts, so potential investors and programmers will be able to assess its simplicity and efficiency. The technical basis of the application is the CTU token (crypto fuel), which confirm the action of each side. For example, a freelance designer confirms agreement with the terms of the contract, transferring CTU. 

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**The project architecture works on the basis of Ethereum smart contracts, the developers identify the basic functions of the system.** 
1.	**BalanceOf** – the display of the current balance on the counterparty's account - allows the Contractium participants to verify the solvency of the partner before the transaction. The tool is useful for long-term cooperation, making deals for large amounts. For example, an architect-freelancer receives an order for the construction of a country house, the duration of the project is a year, the customer is a private person. Having assessed the balance on his account, the contractor decides on cooperation.
2.	**Transfer** – a transfer of tokens to the account - a tool for making payments between counterparties. The transaction is carried out in tokens, which can then be converted into any kind of coin or fiat money. The funds are stored on anonymous wallets, protected from hacker attacks.
3.	**TransferFrom** – a transfer tokens from someone else's account - a tool for intermediary operations. For example, a smart contract was signed for the sale of an apartment, the amount of the transaction in tokens is frozen on a third party account. Once the parties draw up the documents, the buyer informs the intermediary about the need to pay for the purchase. A third person transfers money on behalf of a new owner.
4.	**Approve** – a confirmation of funds withdrawal. The feature allows you to withdraw funds from someone else's account by requesting confirmation of the owner. The tool is suitable for processing deferred payments, step-by-step repayment of debts. 

Contractium uses the SaaS (software as a service) concept, which involves the creation of templates, additional tools, adaptability to the needs of the market.

**The application solves the problem of creating smart contracts from two sides.**
 
1.	**Technical component** - the contract is collected "in pieces" with a simple interface. Users do not need the skills of a programmer to make a deal and pay for work. 
2.	**Commercial component** - Contractium allows you to monetize visiting sites, blogs, and online shops. Customers receive a cache back in the established amount, the business owners launch advertising campaigns in a few minutes. 

Contractium's objectives are to implement "smart" agreements on a broad user market, to get rid of printed contracts. MVP application is already available on the official site, there are also applications for Android and iOS. 

**The Crowdsale and the Course of the Project Development**
The work on the project was launched in January 2017, the site was developed in March 2018, and the MVP was finished by June. PrivateSale was held in July, the main round of the ICO is scheduled for October. The team plans to begin integration with business partners by January 2019. 

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The volume of CTU tokens is 3 billion, the coins will be sold at a rate of 15 thousand for 1 ETH. 51% will be realized in the course of the ICO, 27% will constitute a reserve fund, the remaining 22% will go to partners, advisors and the development team. The funds collected during the ICO will be invested in the development of the project (51%), marketing expenses (26%), operational needs (14%), the remaining 10% will be spent on the product and team development. 

Contractium is an applied project aimed at solving narrow market tasks.

https://youtu.be/BPxZWZpAExM

Website: https://contractium.io/
TG: https://t.me/contractium
Author on BCT: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502