Difference between revisions 839775480 and 855639783 on enwiki

'''Centra Tech''' is or was a company that sold $32 million of cryptocurrency in an [[Initial Coin Offering|initial coin offering (ICO)]] in 2017.  Two founders of the company, Sam Sharma and Robert Farkas, were arrested on Sunday, April 1, 2018 with federal charges including securities fraud, conspiracy to commit securities fraud, wire fraud and conspiracy to commit wire fraud. The following day the U.S. [[Securities and Exchange Commission]] filed a civil suit against Sharma and Farkas alleging securities fraud and seeking to close the project <ref name="NYTimes04022018">{{cite news|last1=Popper|first1=Nathaniel|title=2 Founders of $32 Million Centra Virtual Currency Project Are Arrested|url=https://www.nytimes.com/2018/04/02/technology/virtual-currency-arrest-centra.html|accessdate=April 5, 2018|publisher=New York Times|date=April 2, 2018}}</ref><ref name="SEC complaint">{{cite web|title=SEC Complaint against SOHRAB (“SAM”) SHARMA and ROBERT FARKAS,|url=https://www.sec.gov/litigation/complaints/2018/comp-pr2018-53.pdf|website=sec.gov|accessdate=April 5, 2018|date=April 2, 2018}}</ref>

The New York Times had exposed many of the activities of Centra Tech in an October 27, 2017 article, including how they had used endorsements from [[Floyd Mayweather]] and [[DJ Khaled]] and how Sharma had been indicted for perjury related to an alleged drunk driving incident. The CEO of the firm "Michael Edwards" was fictitious and in their sales material the firm claimed that another man's photograph taken from the web showed Edwards.<ref name="NYTimes10272017">{{cite news|last1=Popper|first1=Nathaniel|title=How Floyd Mayweather Helped Two Young Guys From Miami Get Rich|url=https://www.nytimes.com/2017/10/27/technology/how-floyd-mayweather-helped-two-young-guys-from-miami-get-rich.html|accessdate=April 5, 2018|publisher=New York Times|date=October 27, 2017}}</ref>

The main selling point of the ICO was that Centra had entered into a partnership with [[Visa Inc.]] to issue a debit card for cryptocurrencies.  That claim was denied by Visa.<ref name="SEC complaint"/><ref name="NYTimes10272017"/>⏎
Centra Tech is a [[Delaware]] Corporation, headquartered in [[Miami Beach, Florida]]. Centra Tech offers [[blockchain]] products such as a wallet to store digital assets, a prepaid card to spend the digital assets, and three soon to be released products and services, which include a marketplace to buy goods with the digital assets, a cryptocurrency [[Exchange (organized market)|exchange]] platform to buy, sell and trade digital assets, and a [[Open-source model|open-source]] hyper speed DPoS [[Blockchain|Blockchain.]]<ref name=":0">{{Cite web|url=https://medium.com/@Centra/centra-tech-public-statement-b9d1d15f010d|title=Centra Tech — Public Statement|last=Centra|date=2017-11-01|website=Centra|access-date=2018-01-21}}</ref><ref>{{Cite web|url=https://centra.tech|title=Centra Tech – Creating A World Connected To Cryptocurrencies|website=centra.tech|language=en-US|access-date=2018-01-21}}</ref>

{{infobox cryptocurrency
| currency_name           = Centra Tech
| image_1                 = [[File:CentraTechCTR.png|CentraTechCTR]]
| image_title_1           = Current Centra Tech Logo
| ticker_symbol           = CTR
| initial_release_date    = {{Start date and age|df=yes|2017|11|17|p=y}}
| white_paper             = [https://www.centra.tech/CentraWhitepaper.pdf Centra Tech Whitepaper]<ref name="paper">{{cite web |url=https://bitcoin.org/bitcoin.pdf |title=Bitcoin: A Peer-to-Peer Electronic Cash System |date=October 2008 |publisher=bitcoin.org |accessdate=28 April 2014 |first=Satoshi |last=Nakamoto}}</ref>
| website                 = {{URL|https://centra.tech}}
| circulating_supply      = 68,000,000 CTR ({{as of|2017|12|29|lc=y}})
| supply_limit            = 98,272,765 CTR
| footnotes               = {{notelist|group=infobox}}
}}

== ICO (Initial Coin Offering) ==
Centra Tech held its ICO ([[Initial coin offering|Initial Coin Offering]]) on the 19th of September, 2017 through until the 5th of October 2017.<ref>{{Cite web|url=https://icohoo.com/centra-tech/|title=Centra Tech ICO - ICOHoo.com|website=icohoo.com|language=en|access-date=2018-01-22}}</ref> During this period they took [[Bitcoin]] and [[Ethereum]] in return for [[Centra Tokens]].

== Products ==

Centra Tech is attempting to simplify [[Cryptocurrency]] enough so that the average person is able to step into the world of [[Digital currency|Digital Currencies]] without being too intimidated. They are doing this by offering the Centra Card, Centra Marketplace and Centra Network all working in tandem with each other.<ref name=":0" /> Centra Tech plans to have all of this accessible to the public sometime during [[2018]].
== References ==
<references />

[[Category:Cryptocurrency articles]]
[[Category:Bitcoin companies]]