CROWDSALE ended successfully on:
Making Lending to SMEs border-less, transparent and liquid as compared to traditional financing.
Our goal is to create an Asia wide Business Loans Asset Exchange.
Imagine if any entity and person could digitally know and trust who you are.
Identity verification is done by proof of identification, selfie, sanctions screening, e-signing and physical site visit (borrower).
This digital passport will serve to provide KYC, AML, and FATCA compliance that accepted by regulators.
Removing the costly middleman and enable P2P lending across countries.
Traditional banking fees, fiat transaction costs, and currency exchange losses cut into P2P lending margins
We will also start to incorporate and tokenize new asset classes into the platform – all of them built on the Ethereum block chain.
Finally, an exchange to trade business loans and any other asset classes
This has never been possible before - we aim to provide liquidity to traditional business loans and enable asset fractionalisation.
The Blockchain Asset Exchange will democratize trading and include real world assets across Asia.
1 ETH = 400 CGcoins
80% of Net Profit will be used to buy tokens back at market price and then burned.
Borrowers are rewarded with CGC Credits for timely repayments which can be monitored publicly to establish trust.
Transactions on lending platform and Asset Exchange will be denominated in CGC
Token holders can lend across borders, according to their risk appetite .
Borrowers are established Small & Medium Enterprises (SMEs) with >2 years in operation and > $ 1 mil turnover.
Loans backed by SME's directors' Personal Guarantee.
Only platform in the market with a provisional fund - GenieShield.
CGSPV Pte Ltd.
57 Mohamed Sultan Rd
#01-05, Sultan Link, Singapore 238997
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