Welcome my friends to a new interesting ICO today and let’s see their great idea:
The Next Evolution of Lending
GN Compass is a loaning framework where speculators and borrowers can trade esteem. With the venture Cryptocurrency-Backed Loans ™, Compass offers speculators great rates of profitability in addition to included security all assets contributed.
The project vision, mission:
To expand the speculation advertise by making greater liquidity in customarily non-fluid resources. The Investors put reserves into a pool at a specific loan fee being supported by Compass tokens. The contributed sum is then dispensed to Borrowers. Borrowers pay advances back to the Lenders. The task plan to make constan liquidity in the loaning market by enabling financial specialists to offer bits of credits in their portfolio. Speculators are not bolted into the term of a credit and can sell advances for any reason. The purchasing financial specialists will receive the rewards of the advances being paid back by borrowers while the offering speculator still makes a benefit.
How it works:
Speculators just join and make their profile and venture portfolio. The venture portfolio page will get some information about their speculation objectives and the sum they are hoping to contribute and the financing cost they are hoping to get in addition to the time allotment they are hoping to contribute for.
Once the profile is finished, they will then be required to include their keeping money data into the protected installment framework. From that point, the speculator will be doled out a safe computerized wallet joined to their financial balance where every one of the exchanges and installments will be made. At that point the speculator will be sent to an advance pool to support advances. At the point when advances are being reimbursed the GNCT backing the advances will be balanced appropriately.
Borrowers will sign up and finish their profile in addition to every single required record submitted on the stage. At that point a hazard evaluation will be done, getting a hazard rating. The advance sum will run from $1000 to a most extreme of $50k with an intrigue rake from 3.99% to 11.99%. Endorsed borrowers will round out an advance application with: the measure of wanted advance, stack length, and load reimbursement cycle. Advance ask for will be sent to a pool of different advances demands with a similar FICO assessment where financial specialists assets will finance the advances. Borrowers are required to pay an adjust assurance protection on credits.
The project advantages:
- Venture security: credits are sponsored by GNCT
- Extensive borrower verifying procedure.
- Advance liquidity: whole advance portfolios or credit parts can be sold effectively.
- Get a higher loan fee than any conventional speculation instruments.
- Straightforwardness: All exchanges are checked and signed on the Ethereum blockchain and are accessible anytime, anyplace.
- Propelled speculation investigative apparatuses that track your ventures to ensure your venture objectives being met.
- An entire picture credit profile that does not simply take a gander at FICO assessments and salary.
- Capacity to enhance FICO score by making auspicious installments.
- Lower financing costs contrasted with payday credits and high intrigue advance organizations.
- Adaptable reimbursement terms (3 months – 3 years)
- Speed and simple of utilization: you can utilize your cell phone to apply for advances from the solace of your love seat and get stores 10 times quicker than bank advances.
- Straightforwardness: All exchanges are confirmed and signed on the Ethereum blockchain and are accessible whenever, anyplace.
- Borrowers are subsidized 10 times quicker than banks
- Borrowers and Investors don’t have to possess cryptographic money.
- Investors stores are upheld by GNCT which are significantly more fluid than notes and securities.
- Out digital currency upheld credits secure financial specialists support with GNCT so Investors have zero dangers
- Easy o join, simple to apply for credits and simple to contribute
- Much bigger worldwide market
- Research and development of concept
- Bussiness incorporation and team expansion
- Building core strategy and functionality.
- Start of product development
- Pre-sale & Crowdsale
- MVP Release with continued testing and improvements.
- Listing on exchange
- Release of the platform on android and ios
GM Compass has been designed and created by a highly experienced team of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues.
- Token: GN Compass
- Abbreviation: GNCT
- Platform Ethereum
- Accepting ETH
- Supply: 1b GNCT
- 1 GNTC = $ 0.14
Tokens Sale Availability:
- Presale: 29.Jan-28.Feb.2018
- Start date: 9.Apr.2018
- End date: 30.Apr.2018
About the author
My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.