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SOFIN (SOFIN)

ICO

International fiat platform for P2P loans based on blockchain.

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Overview

Project industryFinance Services & Banking
WhitepaperSOFIN White Paper Open

Technical details

The system uses the Ethereum ERC 20 platform.

What is SOFIN

Legal purity

Loans in fiat currency are strictly in the legal field of each country where the project works.

Global

The token will remove international barriers to currency conversion.

Technology

The project makes the financial resources more accessible and transparent. All platform operations are stored in blockchain.

Details

Pre-sales: Nov 05, 2017 - Dec 28, 2017
Public sales: Mar 15, 2018 - Jul 15, 2018
Pre-sale token supply: 10000000
Token supply: 450000000
Soft cap: 1,000,000USD
Hard cap: 9,500,000USD
Raised: 202,179 USD

Token info

Ticker: SOFIN
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 Token = 0.4 USD
Accepted currencies: USD
Token distribution:
81 000 000 tokens (90% of all tokens) - preTGE/TGE phases
4 500 000 tokens (5% of all tokens) - team, escrow, advisors, key employees (without no right of sale in the next 1 year)
4 500 000 (5% of all tokens) - company’s corporate account to operate the system at the initial stage.
Funds allocation:
40% - platform development
30% -establishment of the Guarantee Fund and initial loans
20% - promotion and advertisement
5% - the founders
5% - legal support and LCF

SOFIN Roadmap

1
2010 Rostov region guarantee fund

Creation of the structure that allows entrepreneurs to obtain the necessary funding through the fund's surety.In three years, the amount of bail was $51 million.

2
2011 Offline MFO Expressmoney

Opening the network of microloan points where the verification of the borrower (private individual), the legal basis and the highly profitable financial model were obtained. The business was successfully sold.

3
2012 Opened the Verum law firm

The company provides legal support for construction and investment projects, including foreign investment. The Verum ( verum-law.ru ) team of seven persons forms the Legal Service of the SOFIN company.

4
2013 Miming rigs, cryptotrading

Creation of own mining rigs. Extensive experience in cryptocurrencies trade, investing in cryptoprojects.

5
2013 Opened the Elonsoft IT company

Formation of a team with experience in the development of international-level Internet projects, including the creation of MVP for startups. There are 16 programmers now who will be working on the SOFIN platform after the ICO implementation

6
2014 Private P2P loans to entrepreneurs

Since 2014 and to the present day, a successful experience of connecting people who have money and legal persons who need credit. The interest rate allows each party to earn. To date, there have been no returns. Currently, the loan portfolio exceeds $1.5 million.

7
August 2016 P2P platform concept

The idea of creating marketplace financial resources on a single window system where individuals and companies can get loans from any people,MFOs, banks. With a minimum and transparent rate in auction mode.

8
August 2016 Launch of MFO Loan CLub

Building a loan and verification system for borrowers online ( clubzaimov.ru ). Development of scoring software, integration with credit history systems and online processing. Gaining experience of attracting borrowers on the Internet. In this project, we've worked out all the important elements of a future P2P platform, and there are 14 people working in the company.

9
July 2017 - to date Commencement of system development

Definition of the development financial model. Designation of the technical part of the platform, the interface design, and programming of business logic.

10
December 11, 2017 ICO

Fundraising on development of the platform, the token output on exchanges, the establishment of the Guarantee Fund and international expansion.

11
Q1 2018 Token on exchanges

The SOFIN token public offering on the cryptocurrency exchanges for free bidding. Implementation of the token-support strategy and increase it to $20. The direct correlation between the rate growth and the repayment of loans on the platform is achieved through the return of the SOFIN tokens for the transaction bonus payments laid down in the platform

12
Q1-2 2018 Launch of the platform in Russia and the Guarantee fund option

The first issue of loans through the SOFIN platform from the MFOs partners, early followers, and our own funds. Once the guarantee fund has been launched and the risk of repayment has been reduced, it is planned to attract a large number of creditors.

13
Q3-4 2018 Launch of the platfrom in the CIS countries

Issuing loans in Russian-speaking countries, starting with Georgia and Kazakhstan and the next step in Ukraine and Belarus. In each country where we will issue loans, a local office will be opened to interact with the verification, scoring and credit history systems for the country. 100% legal purity, which is a distinctive feature of our platform, will be provided. In the same way, local partners in every country are planned for loans . The target of 2018 - 1$ million

14
2019 Launch of one country per quarter

Great promise and growing market for P2P lending are concentrated in the regions: Asia, Africa and Latin America. The first countries outside the CIS in which we start lending will be Myanmar and Cambodia.

Project team

Andrey Tuchkov
Andrey Tuchkov
CEO. Professional financier with 17 years of experience. Led the units of the leading banks, created the Regional Guarantee Fund, president of the Board of Directors of online microfinance organizations. A lot of certificates and awards, including IFC
Andrey Tuchkov facebook
Trofim Zhugastrov
Trofim Zhugastrov
Chief product officer. More than 10 years of experience in creating software products. Founder, CEO of Elonsoft, IIDF tracker, formerly Deputy Director of the Southern IT Park (OJSC "Regional Development Corporation"), founder of IT61-Rostov IT communit
Trofim Zhugastrov facebook
Nikita Lushpanov
Nikita Lushpanov
Chief blockchain officer. Head of research and development department of blockchain. Entrepreneur with experience in offline/online business projects. Experience in developing Web projects for more than six years. Has experience in cryptotrading
Nikita Lushpanov linkedin
Vitaly Slobodin
Vitaly Slobodin
Chief technology officer. Experience in the development of more than eight years, technical Director in Elonsoft, a member of the Google Chrome team, in the past the maintainer of Phantomjs and the developer of "Yandex. Browser".
Vitaly Slobodin facebook
Anton Kruchko
Anton Kruchko
Chief legal officer. A lawyer with a 16-year-old practice. He was the head of the legal department of the largest building concern of the Rostov region. Since 2012, he has been the head of the law firm "VERUM" (verum-law.ru). Provides legal escorts for c
Anton Kruchko facebook

Advisors

Konstantin Ivanov
Konstantin Ivanov
Founder of TradingView. Ph.D in Math and Economics
Dr. Rupal Agarwal
Dr. Rupal Agarwal
Founder & CSO Obizcoin, Entrepreneur, Strategies Implementation Expert, Retail Management Consultant, Blockchain & AI Enthusiast, ICO Consultant
Dr. Rupal Agarwal linkedin
Alexey Telnov
Alexey Telnov
Partner at VC arm of one of the largest family offices in Eastern Europe. Helds M.A. in Finance and Law.
Alexey Telnov facebook
Anton Dzyatkovskiy
Anton Dzyatkovskiy
Co-founder, Chief Investment Officer of of Micromoney. Successful entrepreneur, experienced negotiator, creative marketing expert. Mr. Dzyatkovsky is experienced in development of financial companies in entirely new markets.
Anton Dzyatkovskiy linkedin
Giovanni Lesna Maranetto
Giovanni Lesna Maranetto
Business Strategy. Chief Commercial Officer at Hedge/Blocktrade.com , Advisor / Blockchain Strategist
Giovanni Lesna Maranetto linkedin

Social media

SOFIN web-siteSOFIN MediumSOFIN TelegramSOFIN BTCTalkSOFIN LinkedInSOFIN TwitterSOFIN FacebookSOFIN Github

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