CROWD GENIE - SMART CHOICE FOR SMART INVESTORS

loc (25)in #crowdgenie • 6 years ago (edited)

ABOUT COMPANY

Group Genie is one of only a handful few authorized and completely operational shared advanced loaning stages in Singapore. It was conceded a "Managing in Securities" permit by Monetary Authority of Singapore (MAS) in March 2017. The organization is currently leaving on a token deal to improve its stage, reach worldwide markets and scale incomes. The token - CGCOIN - is discharged by CGSPV Pte. Ltd., a Singapore-enlisted related organization of Crowd Genie Monetary Services Pte. Ltd. (CGFS). It runs a shared commercial center loaning stage that unites Borrowers (which are SMEs) in Singapore, and Lenders.
Group Genie is one of only a handful few authorized stages in Singapore. It has been allowed a "Managing in Securities"
permit by Monetary Authority of Singapore (MAS) in March 2017.
CGCOIN is a token discharged by CGSPV Pte. Ltd., a Singapore organization identified with Crowd Genie Financial Administrations Pte. Ltd. (CGFS). CGSPV will solely put resources into advances on www.crowd-genie.com and re-buy
the tokens from the market.
Key highlights:

To begin with arrangement subsidize empowered stage in Singapore: GenieShield is presumably the primary arrangement finance propelled by a crowdfunding stage in Singapore, and conceivably in South-East Asia. It is a ring-fenced support that is overseen by an escrow specialist whose goal is to give consolation to the Lenders on Group Genie. GenieShield can be utilized to propel assets to Lenders in case of a postponement in reimbursements or default from the Borrowers. This cradles the effect on the Lenders' normal returns because of postponements or defaults by Borrowers.
Singapore-enlisted organizations: We as of now survey and give cash-flow to SMEs enrolled in Singapore. We acknowledge applications from just Singapore fused organizations as well as Limited Liability Partnerships. The run of the mill credit measure is S$ 30,000 to 1,000,000, with the commonplace residency of the advance being between a half year to two years. We just work with organizations with a current item as well as administration and a market nearness (i.e. exhibited customers and incomes), in this manner giving solace that these are not simply high-hazard new companies.
AI-fueled credit scoring motor: We utilize an AI motor that concentrates information about the potential and surveys the credit value of every Borrower. Over the long haul and the quantity of cases and informational index increment, the AI motor will keep on constantly assess and back-test the information to rebalance the scoring calculation.
Just stage where executives dependably co-contribute: Crowd Genie's chiefs put resources into every one of the postings on the stage to guarantee that they have some skin in the diversion. This firmly adjusts the motivators and interests for all partners. Each posting before, and going ahead, will have a speculation from the organization's chiefs.
Escrow specialist: Crowd Genie works with a directed escrow operator in Singapore. Therefore, the stage does not deal with, hold, or acknowledge any monies or resources, to shield the interests of the members.
Join ICO now: https://www.genieico.net/

VISION

"Token-based loaning": Build a private capital center point for Asia Pacific based on keen contracts to make the stream of assets amongst Lenders and Borrowers more proficient, less expensive and more secure. This will include:
-Blockchain based character administration for Borrowers and Lenders
-Resource posting on blockchain
-Disseminated trade for resource exchanging

UNIQUE ADVANTAGES OF THE TOKEN

Value supported by an income producing, and operational organization, authorized in Singapore by the Monetary Authority of Singapore
Reputation-construct tokens to support in light of time installment and continuous credit evaluation
Token buyback with an unmistakably distinguished income source

About token:

+Name: CGCOIN
+Price: 1 ETH = 400 CGCOIN
+Token utility :Tokens can be utilized to contribute on Crowd Genie stage to get conceivably higher returns than common bank yields, and with month to month premium and vital reimbursement that can be pulled back in Fiat or CGCOIN tokens.
+Bonus
- Day 1-14: 40%
- Day 15-21: 30%
- Day 22-28: 20%
- Day 29 onwards: 0%

+Buyback

80% of distributable benefit of CGSPV Pte. Ltd. supported by the money stream it gets from interests in CGFS postings will be utilized to buyback the tokens at the market cost toward the finish of each quarter, starting first July 2018

+Target Raise ETH 100,000

Four reasons to buy their tokens

+Quarterly Buybacks
80% of Net Profit will be utilized to purchase tokens back at showcase cost and afterward consumed.
+CGC are essential to the System
Exchanges on loaning stage and Asset Exchange will be designated in CGC
+Reputation Tokens
Borrowers are remunerated with CGC Credits for opportune reimbursements which can be observed freely to build up trust.
+Lending without outskirts
Token holders can loan crosswise over outskirts, as indicated by their hazard craving .

CGCOIN Tokens In Use

They trust that the blockchain offers basically a totally problematic intends to accomplish the results talked about above at a lower cost than the current concentrated frameworks utilized by customary money related foundations. To empower this, we will utilize the CGCOIN tokens only in the Crowd Genie biological system:

KYC agreeable with MAS (Monetary Authority of Singapore) standards: Borrower or Lender will have the capacity to execute by utilizing CGCOIN tokens, alongside fiat money. To do as such, each gathering will be confirmed and a one of a kind wallet and character (joined into an "Advanced Passport") will be made.
Be that as it may, one of the greatest difficulties is to guarantee that there is a genuine check of the advantages or personality of a Borrower. All data isn't in advanced frame and that is a reality for years to come. In view of Crowd Genie's involvement in the matter of commercial center loaning, we know how to assess organizations.
For corporate members, we experience a 40+ variable check of an organization and its key executives to guarantee that the data gave is right, and there has been a hazard evaluation to guarantee that the arrival a Lender is being offered considers the suitable hazard. The higher the hazard, the higher the profits that a Lender ought to get.
Exchanges led in CGCOIN tokens: If an exchange is led in CGCOIN tokens, the financial specialist/Lender will buy CGCOIN tokens and move them in the suitable add up to the Borrower, who thus will have the capacity to utilize those tokens for either change into fiat cash or keep in cryptographic money. This will guarantee a characteristic interest for CGCOINs later on. The cost of the CGCOIN will be dictated by the way that it is exchanged on disseminated trades. This will guarantee that there is a characteristic interest for CGCOINs later on.
Tokenization of obligation instruments: Crowd Genie will utilize the CGCOIN tokens based on Ethereum ERC-20 as a type of cash for installments (and reimbursements) made under obligation instruments recorded on the Crowd Genie stage in basically any quantum – beginning from as low as $100. Every obligation instrument can be changed over into a CGCOIN-named contract. The Lender will put into the obligation instrument in CGCOIN from their wallet. The Borrower, according to their offer terms, will pay back the CGCOIN + extra CGCOIN over some undefined time frame as intrigue.
Construct a notoriety with CGCOIN: The greatest worry that any Lender has is the danger of default. The better their past installment history, the lower the loan cost ought to be for the Borrower. The benefit of a blockchain based biological system is that it time-stamps and records every exchange on the chain. In this way, we would identity be able to every reimbursement for each agreement, and check whether it was on-time or deferred.
For every reimbursement, from the Borrower to Lenders, we will boost on-time installment by including CGCOIN "Credits" to the Borrowers' wallets. CGCOIN Credits are CGCOINs that CGSPV will give to every Borrower. This will be a spendable resource that will be followed independently in the Digital Passport.
CGCOIN Credit is a flag to potential watchers of any CG environment clients – the two Lenders and Borrowers. For example, the Borrower could be compensated for their auspiciousness in installment and notoriety.