faisal: GN Compass - Entering the Loan Industry with Cryptocurrency Backed Loans

Rabu, 13 Juni 2018

GN Compass - Entering the Loan Industry with Cryptocurrency Backed Loans

Website - https://www.gncompass.com/

Blockchain technology provides a digital trust mechanism for humans that increases the efficiency of value exchange and reduces the cost that will come closer, and here we will introduce the Gn Compass.

About Gn Compass

People are getting lost in the current financial system. Let Great North Compass be your guide to creating value utilizing blockchain technology.GN Compass is a lending system where investors and borrowers can exchange value.With our Cryptocurrency-Backed Loans ™, Compass offers investors good returns on investment plus added security on all funds invested.

What Problem does Gn compass Solve ?

For Lenders:

GN Compass provides Cryptocurrency - Backed Loans ™ to create constant liquidity in the lending market. This is accomplished by allowing lenders to sell portions of loans or their entire portfolios. Lenders are not locked in to the term of a loan and can liquidate their loan positions for any reason (E.g. financial hardship, increased GNCT price etc.), only after a certain no-trade time period has been reached. The buying investors will reap the benefits of the loans being paid back by borrowers while the selling investor still makes a profit. By using blockchain technology to verify and distribute all transactions across the Ethereum network, it guarantees transparency. Lenders also have their funds backed by GNCT which protects their principal investment.

For Borrowers:

Borrowers can access funds at a fraction of the time compared to banks and pay lower interest rates. For example, a standard Credit Card typically charges a 19.99% interest rate; our highest risk rating is “D”, which falls under our micro-loans division and has an APR of 16.99% which is also the highest interest rate a borrower will be charged on the platform. Also, we have our own credit system that doesn’t just use consumer aggregation ( credit scores ) to make loan decisions. Borrowers also have the opportunity to increase their GN Compass credit rating with timely payments which will grant them access to borrow higher amounts in the future and receive GNCT for their good payment history.

Mission

To increase the investment market by creating more liquidity in traditionally non-liquid assets.

Token Allocation

Total ERC20 tokens created will be 1,000,000,000 GNCT.
20% Or 200,000,000 GNCT Will Be Reserved For Pre-Sale And ICO (Initial Coin Offering) Sale.
10% Or 100,000,000 GNCT Will Be Reserved To Pay Out Bonuses.
60% Will Be Reserved To Back Investor Funds On The Compass Platform.
10% Will Be Held In Reserve.

Token Pre Sale Rounds

First Round: January 29 To February 04: Price 1 GNCT = USD $0.14
Second Round: February 05 To February 11: Price 1 GNCT = USD $0.20
Third Round: February 12 To February 28: Price 1 GNCT = USD $0.25

Token Sale Details

Symbol : GNCT
Tech : Ethereum
Total Tokensale Supply : 100,000,000
Price : 1 GNCT = USD$0.30
Token Contract Address : 0x0725eb94043bddd85dfb81c3a45d9db1ed49fb48

Token Advantages

Token Buyers Are Protected By Anti-Scam Systems.
Funds Will Be Refunded To Contributors In Case Of Failure To Reach Targets.
Bonus Tokens For Early Buyers.
Loans On The GN Compass Platform Will Only Be Backed By GNCT.
Tokens Will Increase In Value As Cryptocurrency-Backed Loans ™ Create Liquidity In The Lending Market.
Investors Can Buy And Sell The Tokens Backing Loans Only In GNCT.

Bonus Structure

For tokens PurchasedPre-saleICO100,000 GNCT10%5%
200,000 GNCT20%10%
300,000 GNCT and above30%20%

Roadmap