Corl | The First Company to Issue 100% Equity Ownership on the Blockchain
what is Blockchain:
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data.By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management,[ transaction processing, documenting provenance, food traceability[ or voting.
Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
What is ICO ‘’ Initial coin offering’’ :
An initial coin offering (ICO) (derived form initial public offering) is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of “tokens”, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO’s funding goal is met and the project launches.
ICOs provide a means by which startups avoid costs of regulatory compliance and intermediaries, such as venture capitalists, bank and stock exchanges, while increasing risk for investors. ICOs may fall outside existing regulations depending on the nature of the project, or are banned altogether in some jurisdictions, such as China and South Korea.
Corl will be the world's first company to issue 100% of equity ownership in the form of digital cryptocurrency. This means that as a holder of Corl tokens you'll be paid out quarterly dividends in Ethereum. I'm really excited about the coming wave of companies looking to issue these kinds of security tokens and I've also been very keen to learn about Polymath who have helped Corl launch their token. It looks like a great start for the securities token revolution set to hit the crypto markets. Carl is a investment firm looking to provide an innovative method of funding tech startup using something call Capital as a Service.
Corl Financial Technologies Inc. (Corl) is launching the Corl Token (CRL). CRL is the world’s first token to represent equity ownership in a company that provides revenue-sharing financing to high-potential early-revenue companies. Unlike traditional tokens on the market, CRL is based on a profit-sharing model, whereby investors receive a continuous stream of quarterly dividends in the form of Ether (ETH), based on future earnings of Corl.
Token sale:
Token: CRL
PreICO Price: 1 CRL = 0.05 - 0.10 USD
Price; 1 CRL = 0.15 USD
Platform; Ethereum
Accepting ;ETH, USD
Hard cap: 49,500,000 USD
For more information about the ICO please visit the Following Links:
website: https://corl.io
Twitter: https://twitter.com/getcorl
Facebook: https://www.facebook.com/getcorl
Telegram: https://t.me/corltoken
written by;
Bounty0x Username: hassan500