Neluns ~ The Innovative Financial Ecosystem

amaliyadedew (25)in #bitcoin • 6 years ago (edited)

Neluns is a new financial ecosystem which functions as an innovative technology and giving permission to operate with cryptocurrency and fiat. The motto of the company is to provide a favorable environment for the growth of cryptocurrency market.The Neluns vision focuses on building the new all in one financial ecosystem that will have the functionality of a bank, an insurance company and currency exchange. All these modules will be seamlessly integrated and will equally support transactions with crypto or fiat money bringing users experience to the next level. Since all the three modules belong to the Neluns team it will be possible to keep the fees quite competitive as opposed to the classic set up where all entities belong to different owners generating an overhead costs for the clients.The main objective of the Neluns Company is to aim the financial ecosystem. It aims to combine a Bank, a cryptocurrency Exchange and an Insurance Company all in a single platform. Neluns is providing an overall solution to the public for personal and corporate goals.

The function of the Neluns is carrying out payments, purchasing, selling of cryptocurrencies and fund withdrawals from any ATM. It has its own mobile application which is supported by both Android version and iOS version. Their uses will be that they can make the banking and exchanges operations very easy and can be accessed from any part of the world.

Neluns Bank

The first element of the ecosystem is the Neluns Bank. Which is a licensed commercial bank, officially registered in accordance with all regulatory requirements. The Neluns Bank presents a broad spectrum of services for physical and legal entities. While all operations are available in fiat and in cryptocurrencies. During the first stage, Neluns Bank will carry out activities combining classical banking and banking on the Blockchain. In the future, Neluns Bank, together with its partners, will transition to its own Blockchain for international settlement purposes. The utilization of leading technologies allows us to create financial products, access to which will be available around the clock from any part of the world.

Neluns Exchange

The Neluns Exchange strive to become a global cryptocurrency exchange and establish itself as the foundation for a new and complex banking architecture, which does not suffer from the shortcomings of the existing system. We are creating an innovative solution, eliminating the drawbacks of existing cryptocurrency exchanges.

Neluns Insurance

A separate element of the Neluns financial ecosystem, is the insurance company - Neluns Insurance. On demand of the bank and cryptocurrency exchange users, it will carry out insurance coverage for financial risks, tied to trades and transactions. Ecosystem users will have access to full and partial risk insurance.

• Full insurance. Provides insurance coverage in full when an insured event occurs.

• Partial insurance. Limits insurance coverage as certain insurance amounts, as well as the system of specific insured event occurrence conditions.

The base insurance premium amount with full coverage comprises 10% from the total trade/transaction sum. It can change depending on a row of criteria. The cost of partial coverage is determined individually for each specific case.

After the insurance payment is paid, the claim right of the defaulting party is transferred from the insured to the insurer. Clients will have access to the following insurance services:

• Risk insurance for defaulting counterparties when executing transactions.

• Insurance in case of unforeseen circumstances during transactions.

As the ecosystem develops, the set of insurance products will be expanded. The following services will be added to the basic services:

• Insurance of credit and deposit risks.

• Insurance of investment risks.

• Insurance of financial guarantees.

“Bank guarantee”

Principle Instead of creating just another exchange, we decided to use the “Bank guarantee” approach. Neluns Exchange user assets are fully legal and insured, they are not affected by unforeseen circumstances, faced by many existing cryptocurrency exchanges. Neluns Exchange is an element of the Neluns financial ecosystem and is closely linked to the Neluns Bank. Exchange operations are executed in accordance with all legal norms and the trades are entirely legal. Investors assets are always connected to IBAN in the Neluns Bank and are legally protected. The Neluns Exchange will receive a license from the U.S Commodity Futures Trading Commission (CFTC) in order to act as a clearing center for derivatives, based on the Bitcoin, Ethereum, and other cryptocurrencies.

RoadMap :

November 2017 : Neluns team Formulation

December 2017 : ICO preparations

May 2018 : IOS mobile application beta testing

June 2018 : Holding of a closed investment round for investment funds and anchor investors

July 2018 : Preparations for the NLS token sale

August 2018 : Pre-sale of NLS tokens, pre-ICO

September 2018 : NLS token ICO, mobile application launch (beta version) for iOS and Android

October 2018 : Listing on the cryptocurrency exchange bittrex.com, huobi.com, kraken.com

November 2018 : Launch of the p2p lending platform, launch of mobile applications (alpha version) for iOS and Android

December 2018 : Listing on the cryptocurrency exchange hitbtc.com, poloniex.com, binance.com, bitfinex.com, okex.com

January 2019 : Obtaining a license for Neluns Bank, launch of a payment service for converting cryptocurrencies and executing the transfer of funds to any part of the world, connecting Neluns Bank to Swift, start of Visa, MasterCard, American Express bankcard issuance

February 2019 : Obtaining a CFTC license and launching the Neluns Exchange — an innovative cryptocurrency exchange

April 2019 : Launch of the full-fledged Neluns ecosystem

April 2020 : IPO (initial public offering) on the New York Stock Exchange (NYSE)

NLS Token

The NLS token is created in accordance with the ERC-20 standard.

The NLS token is a security token.

The NLS token will provide holders with dividends in the amount of 50% of the profits of the Neluns ecosystem (Neluns Bank, Neluns Exchange, Neluns Insurance). Dividends will be distributed each quarter in proportion to the number of tokens held comparative to the total number of tokens in circulation. Aside from this, NLS token holders will have an access to bonuses and privileges when using products of the Neluns ecosystem. The more NLS tokens a holder has, the more privileges he will receive. NLS tokens can be acquired throughout the Pre-Sale, Pre-ICO, and ICO. The acquisition of NLS tokens in the secondary market will be possible immediately after listing on cryptocurrency exchanges. Unsold tokens will be frozen after the ICO. Each year, 3% of the tokens will be burned.

Fund distribution

Funds acquired during the ICO will be used for the development of the Neluns ecosystem, and growth support for Neluns and the NLS token. 80% - Ecosystem development, investment in the purchase and improvement of traditional banking software, development of our own software and ecosystem functionality, Neluns applications for Windows, macOS, Android, and iOS, investment in working and bank capital, cryptocurrency exchange, platform insurance (these funds will be used as part of the activities of all elements of the Neluns ecosystem and provide additional operations). 3% - Personnel salaries, offices, legal registration, obtainment of all necessary licenses, connection to payment system and SWIFT, legal and consultation services. 10% - Marketing, hosting a marketing campaign and attracting a broad range of clients to use the Neluns ecosystem. 7% - Reserve fund, will be used to support NLS liquidity.

System features highlight :

· Cryptocurrency trading operations run with a few clicks
· Fast and cost-effective cryptocurrency exchange
· Withdrawal of funds and deposits from anywhere you go with the App
· Option to open a personal IBAN account or company that supports multicurrency
· Visa, MC, Amex debit and credit cards can be issued and linked to a multicurrency account in the system
· International money transfers can be sent and received from within the system
· Create interest to generate deposits in fiat or cryptocurrency
· Get loans from Neluns in fiat and cryptocurrency
· Get loan interest to other users through the P2P (Peer-to-peer) Lending Platform
· Exchange NLS trades on currency exchanges and withdraw profits
· Selected or all trades can be insured
· Get dividends
· Active market participants enjoy lower risk levels and generate extra profits

The product line consists of related software product bank cards. The following products are available for retail and corporate clients: Lite, Silver, Gold and Platinum.
This transaction is handled by a P2P state-of-art loan platform that replaces the role of traditional retail and investment banks. Basically it removes proxies and connects directly to clients giving them security, transparency and flexibility in terms of how they prefer to deal with money. Cutting intermediaries and moving to the next generation of financial ecosystems brings a significant reduction in transaction costs.
Exchange Neluns use the principle of “Bank Guarantee” for smart contracts that govern the execution of transactions. In addition to pre-determined contracts, custom user customization can adjust coverage to include various events and conditions, change the scope to include some or all transactions. Business logic is implemented using top notch technology to ensure additional security, rapid withdrawal of funds and load balancing to meet high service demand. The team believes that Nelun’s financial ecosystem must create the best conditions in the class for both cryptocurrency traders and their funds.

More Information:Website : https://neluns.io/