Crowd Genie (CGCOIN)
Crowd Genie is a peer-to-peer lending company.
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What is Crowd Genie
Crowd Genie is a platform focused on lending to SMEs (small/medium sized enterprises).
Crowd Genie can be used to advance funds to Lenders in the event of a Borrower's delay in repayments or default. This helps to buffer the impact on the Lenders expected returns due to Borrower's delays or defaults.
Crowd Genie aims to build a Pan-Asia hub built on smart contracts to develop the flow of funds from Lenders to Borrowers.
Crowd Genie tokens will provide incentives to all ecosystem participants to buy and use them.
Crowd Genie token holders can earn interest on their investments by converting tokens to fiat (if they so desire), or back into CGC on exchanges.
Crowd Genie Borrowers, who have CGC tokens may get a lower interest rate, as opposed to those who do not have tokens.
DetailsPre-sales: Dec 31, 2017 - Jan 30, 2018
Public sales: Jan 31, 2018 - Feb 28, 2018
Pre-sale token supply: 10000000
Token supply: 50000000
Hard cap: 5,000,000 USD
Raised: 5,550,000 USD
Token infoTicker: CGCOIN
Token standard: ERC-20
Accepted currencies: ETH
Day 1-14: 25%
Day 15-21: 15%
Day 22-28: 5%
Day 29 onwards: 0%
40% - ICO Sale
20% - Founders
20% - Marketing expenses
20% - Bounties
20% - Distribution costs
20% - Management costs
45% - Investment in Crowd Genie loans
30% - Expansion of team
15% - Regulatory compliance, legal, and cyber security costs
10% - Overheads
Crowd Genie Roadmap
Inception of Crowd Geine
Granted Singapore MAS Dealing in Securities Licence
Launch of GeineShield provisional fund that protect lenders
End of ICO, CGCOIN list on multiple exchanges
Lend of portion of funds raised to 30 to 50 established businesses
Launch of Crowd Genie tokenized lending platform & mobile application
Integrate Selfie KYC & API linked sanctions screening
New offices in Australia and India, and apply for MAS Blockchain Asset Exchange licence. 2nd Buyback.
Store user's profile as Digital Passport on Blockchain cloud storage.
Launch of Crowd Genie Blockchain Asset Exchange, lenders can start to trade business loans in fraction.
Include business loans from other business lending platforms in the region to Crowd Genie Asset Exchange.
Embled tokens in services for transactions.