 | GetLine (GET)ICO GetLine offers credit scoring, crowdsourced loans & investing opportunities for people around the world. 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 GetLine
Getline is building a network of Attesters of Risk Assessment (ARA), who will be able to give accurate risk analysis for the chances of borrower defaulting on a loan
Users may build a credit score, using Getlines GET tokens as collateral. Investors can choose from loan requests on the Getline platform, view the profiles associated with them, and bid for the lowest interest rate.
Getline uses Ethereum Smart Contracts to handle the loan process. At this time, all loans must be paid back in a single repayment during the payback period.
As a user of Getline repays his loans, and gains back his collecteral, he will be building a better credit score that can be seen and recognized on the blockchain and off the blockchain.
DetailsToken supply: 50,000,000Soft cap: 3,000,000 USD(fiat) Hard cap: 12,000,000 USD(fiat) LegalBlockchain Platform: Ethereum | Token infoTicker: GETType: Utility-token Accepted currencies: ETH Token distribution: 50% - Crowdsale Participants 20% - GetLine Company 10% - Employee Token Ownership Plan, to be split among current and future team members 10% - Early GetLine investors who funded early development 6% - Early contributors and advisers of the project 4% - Kacper Wikieł, CEO and founder of GetLine.in and of the GetLine Network Funds allocation: 40% - Expenses of further software development 18% - Marketing and business development 17% - Legal expenses 12% - Operational expenses, such as office space, travels, support, recruiting, managing the company, establishing subsidiaries in other countries, etc. 10% - Community grants, partnerships, and bounties 3% - Unexpected expenses |
Project team
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