GN COMPASS THE ETHEREUM LOAN BASED PLATFORM

cointrade247 (7)in #ethereum • 8 years ago

Hi! everyone I am a cryptocurrency enthusiast, and I want use to this medium to enlighten you about some cryptocurrency updates and intial coin offering (ICO). Haven notes that cryptocurrency is the most profitable digital currency in the worldwide nations today, which has really drawn the attention of many people into online trading, and in online there are many scammers which make it the most easiest way to lose money.

So with all this reason i decide to write this article about a particular project which i think it will be a help hand to does newbies, and also help investor know how to manage, control and how to differential real project from scam once.

Now after doing some research for long now I have be able to come out with this wonderful project ( GN COMPASS ) which i know it will be more interest and profitable to world with low risk of losing money.

WHAT IS GN COMPASS ALL ABOUT?

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

THE PROBLEM GN COMPASS INTEND TO SOLVE
FOR LEADERS
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.

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.

TOKEN SALE DETAILS

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

FUND 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.
Sale of tokens are to raise funds for platform development