GN Compass GN Compass (GNCT)

Description:

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. Lenders also have their funds backed by GNCT which protects their principal investment. 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. Also, we have our own credit system that doesn’t just use consumer aggregation credit scores to make loan decisions. Borrowers also have the opportunity to increase their GN Compass credit rating with timely payments which will grant them access to borrow higher amounts in the future and receive GNCT for their good payment history.

Category: ❖Finance
Hype: Low
Rating: 3.0/10
Project Type: Token
Platform: Ethereum
Location: Calgary, Alberta
Total Supply: 1,000,000,000 GNCT
ICO Price: 0.030 BTC = 5,000 GNCT
Accepting Currency: ETH
KYC: Yes

Start Date

April 9th 2018 12:00 UTC

Days Hours Minutes Seconds

End Date

April 30th 2018 12:00 UTC

Days Hours Minutes Seconds

Team

MICHAEL COLLINS

CEO/FOUNDER

JEAN PIERRE RUKEBESHA

CO-FOUNDER & CFO

JORDAN TYMBURSKI

CTO

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