 | Crowd Genie (CGCOIN)ICO Crowd Genie is a peer-to-peer lending company. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat 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, 2018Public 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 BountyBounty: 20% | Token infoTicker: CGCOINType: Cryptocurrency Token standard: ERC-20 Accepted currencies: ETH Bonus program: Day 1-14: 25% Day 15-21: 15% Day 22-28: 5% Day 29 onwards: 0% Token distribution: 40% - ICO Sale 20% - Founders 20% - Marketing expenses 20% - Bounties 20% - Distribution costs 20% - Management costs Funds allocation: 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
1st Buyback
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.
3rd Buyback.
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.
4th Buyback.
Embled tokens in services for transactions.
Project team
Advisors
Social media
