 | ResidualICO Residual protocols expand traditional lenders’ existing product lines, optimizes its origination processes and automates servicing capabilities. 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 Residual
Residual is a decentralized lending ecosystem providing digital asset-backed loans. The platform is supposed to connect small to medium-sized lenders, custodians and escrow agents, service providers, consumer and commercial borrowers. Residual will perform traditional loan services: transfer of loan proceeds from lender to borrower, payment processing, disposition of collateral/remittance of proceeds.
The team is issuing an RSDL token that will have various derivatives. For example, RSDL-L(ender) will grant specific privileges for lenders and RSDL-D(ebt) will represent the debt asset itself.
DetailsPre-sales: Sep 15, 2018 - Oct 15, 2018Pre-sale token supply: 4,000,000 Token supply: 250,000 Soft cap: 2,500,000USD (fiat) Hard cap: 10,500,000 USD(fiat) LegalBlockchain Platform: EthereumRegistration country: United States | Token infoTicker: RSDL-LType: Utility-token Token price in USD: 1 RSDL-L = 1.5 USD Accepted currencies: ETH Token distribution: 46% - reserved for the “Residual pool” 17% - to be distributed by the Company to the Residual Founders 15% - to be distributed by the Company to the Residual Advisors 2% - reserved by the Company to incentivize community, security via bounties, beta testers, marketing and strategic partners Funds allocation: 50% - Development 20% - Marketing & Growth 20% - Legal 5% - Security 5% - Hosting & Infrastructure |
Residual Roadmap
Basic Collateralized Lending Protocols and Lending Browser based DaPP using one Asset Class.? Beta test Alpha of lending protocols in a closed environment.? Begin full third party security audits.
Additional Ecosystem Protocols such as Escrow, Uunderwriting, and Custodial Services. Ecosystem Servicing DApps using Protocols.
Initial Lending Ecosystem Partners officially introduce its lending platform based on Residual protocols based on market feedback and asset classes. ?
Add 1 to 2 more asset classes determined by market demand. Potentially Real Estate and Accounts Receiveable tokenized assets.
Advanced Protocols such as Collateral Valuation and Loan Pricing.
Valuation and Loan Pricing Servicing DApps using Protocols.?
Pinning/Linking to Tokenized assets on non Ethereum blockchains.
?Iterate on existing protocols and features based on system usage and market factors. Onboard/Integrate 2 to 5 more partners in each Ecosystem Area. Onboard 5 to 10 more Tokenized assets based on market demand.
Iterate with Ecosystem partners and add value add priority features and work towards how a more fully decentralized set of participants will work. Potentially annouce plans for Version 2.0, the evolution of platform. Engage other Blockchain platforms and technologies and determine how to interoperate. Potentially Migrate to Zen Protocol with formally verifiable and Finantial system domain focus.
Project team
Advisors
Social media
