What is CritterCoin?
CritterCoin is an enterprise crypto management platform designed specifically to help companies manage issuing crypto to employees.
How much does CritterCoin cost?
CritterCoin charges you each time you mint a batch of coins and the fees are shown at that time based on the number of coins and desired features. Each time you mint a batch of coins the fees will be deducted from your crypto balance and you will receive a receipt. There are no other fees such as annual fees, monthly fees or network transfer fees.
Is there a minimum or maximum amount of crypto I must deposit?
No. You should deposit enough to back the coins you intend to mint as well as cover the minting fees. There is a minimum coin per coin value of crypto equal to $2.00 per coin so keep that in mind when planning.
Why does my company have to transfer crypto to CritterCoin?
CritterCoin allows you to mint off-chain custom branded coins. These coins are backed by the crypto of your choice and for the value of your choice. Your crypto balance is used to lock in the crypto value into your coins as well as pay minting fees.
Is there a free trial? Do you offer pilot programs?
Yes, every account has access to every feature and can use our free testnet CritterCoin Test coins to configure the system and roll it out to your company at no risk and no cost. Test CritterCoin’s only limit is that the coins expire 24 hours after being earned by employees. After you have tested your pilot program, you can easily delete your test coins and start working with real crypto-backed coins.
How many types of coins can I make for my company? Can I use multiple cryptos?
You can make any number of custom branded coins, mix and match various cryptos and values. There is no limit to how many coins, currencies or types you can create.
Is there a minimum coin value required when minting coins?
Yes, the crypto backing each coin must be worth at least $2.00 USD at the time of minting. In the event the value of your coins drop below $1.50 USD, withdrawals will be paused for the user until they collectively are worth at least $1.50 USD for that underlying crypto amd user.
Can I add new feaures to a batch of coins after I mint them?
No, features are locked into the coins when the batch is created. You can however melt the coins and mint a new batch with all the features you like. Bear in mind that the original minting fees cannot be refunded, but the crypto backing the melted coins will be credited to your account immediately.
Is there a network fee for transferring coins to employees?
The only network fee you pay is for the network fee to transfer your crypto into CritterCoin. There are no network fees for transferring CritterCoin within your organization. When employees choose to convert their critterCoin to the underlying crypto we cover the blockchain network fees for you. There are no fees ever except minting-related fees.
Do you support sending peer-2-peer coins, employee to employee?
Yes, each batch of coins you mint can enable the peer-2-peer feature. This will allow employees that earn the coins to transfer them to co-workers.
Why are CritterCoin coins off-chain?
CritterCoins are off-chain by design to give your company maximum control designing, issuing, tracking and controlling the withdrawal of the coins for real crypto. Upon withdrawal, your employees receive the underlying on-chain crypto.
How can my company procure crypto?
We don’t offer crypto but you can sign up your company at any popular crypto exchange including CoinBase and Gemini as well as others such as MoonPay. Please be aware that there may be a significant approval waiting period for the exchanges to verify your company due to US laws concerning anti-money laundering (AML) and Know-Your-Customer (KYC) requirements.
Who is your crypto custodian?
We work with CoinBase and Celsius Network for crypto transfers and security.
Do you offer refunds?
We do not offer refunds on minting fees. However, you may close out your account at any time and request your available balance to be transferred back to your company wallet. We do require manual identity verification before returning your crypto balance for your own safety.
