Compass GN is a peer-to-peer lending platform for Cryptocurrency-Backed Loans™. Investors invest money in a pool at a certain interest rate with the amount invested supported by the Compass token (GNOME). The amount invested is then paid to the borrower. The borrower pays the loan (principal plus interest) back to the creditor. All transactions are verified and distributed in Ethereal Blockchain.
For borrowers
The borrower will enter by entering a username, password and profile page. They also have the option to login through their Facebook account, allowing GN Compass to connect and get basic information from their Facebook profile.
After the borrower completes his profile and all necessary documents have been submitted and processed, the risk assessment is performed and the borrower accepts the risk classification. The loan amount will range from $ 1,000.00 to a maximum of $ 5 0.0,0,0,0 with an interest rate of 3.99% to 11.99%. If their risk classification matches our parameters, they can continue to implement it. If their risk classification is beyond our parameters, they refuse and should be sent back within three months.
The approved borrower will complete the loan application (also called smart contract), which will ask how much they want to borrow, the loan period (eg six months, one year, three years, etc.) and the loan repayment cycle (for example, to withdraw withdrawals automatically). receive their account on a certain day per month). Loan demand is sent to several other loan demands with the same credit worthiness as investor money finances the loan.
The borrower is obliged to pay the loan balance insurance. The amount of insurance is the percentage of your outstanding balance. The percentage is determined by the risk rating of the borrower.
Mode of Operation
For investors
Investors are quite adaptable and create profiles and investment portfolios. On a page with an investment portfolio, investors are asked about their investment objectives, such as retirement planning, desired payment cycle (eg to request payment of money back into their account on a certain day per month). They enter the amount they are looking for and the interest rate they want to receive plus the duration of time they want to invest.
Once the profile is completed and Investors are satisfied with their investment institutions, they must add their bank details to a secure payment system. From there, the investor assigns a secured digital wallet to his bank account where all transfers and payments are made. Investor investment is then sent to the borrowing pool to finance the loan. When the loan is repaid, the GNCT that supports the loan will be adjusted.
Reason to Invest in GN Compass
For the capitalist
Investment protection: loans supported by GNCT. intensive investor valuation method. Loan Liquidity: all loan portfolios or loan elements are often sold out. Receive higher interest rates than some of the ancient investment instruments. Transparency: All ar transactions are verified and registered within the Ethereal block and are always created and searchable. Advanced investment analysis tools that track your investment to ensure that your investment objectives are met.
For the borrower.
A complete image credit profile that does not merely come up with credit scores and financial benefits. Ability to increase trust by creating timely payments. Lower interest rates compared to flash loans and high interest loans. versatile compensation requirements (between 3 months and 3 years). and simple usage: You will use your mobile device to request loans from the convenience of your bank and receive cash ten times faster than bank loans. Transparency: All transactions are verified and registered within the Ethereal block and can be searched anytime and anywhere.
ICO — sale of tokens
The sale of Compas tokens (GNCT), that is ICO, will take place from January 29 to February 28, 2018.
To take part in the purchase, you need to visit the official website during this period.
The total number of ERC20 tokens will be 1,000,000,000 GNCT. The estimated cost will be $ 0.14 per 1 GNCT.
The site has a technical document (White Paper), which describes all the main technical aspects of the project. In Russian, this document is available at https://drive.google.com/file/d/1eGRWRgJoQc7Z5LlBCjWTZUGmoJJfqXzc/view
Roadmap
Q2 2017:
RESEARCH AND DEVELOPMENT OF THE CONCEPT.
Q3 2017:
CREATION OF COMPANIES AND EXPANSION OF THE COMMAND STATUS.
Q4 2017:
CONSTRUCTION OF THE BASIC STRATEGY AND FUNCTIONALITY. BEGINNING THE DEVELOPMENT OF THE PRODUCT. DEVELOPMENT ERC20 TOKENS AND MULTI SIG.
Q1 2018:
INCREASE OF STARTING FINANCING (PRIMARY FORGED TOKEN). LAUNCH OF THE CAMPAIGN ON MARKETING GN COMPASS.
Q2 2018:
EXPANDING THE STATE OF STAFF. TESTING GN COMPASS SMART CONTRACT AND TESTING ERRORS.
Q4 2018:
ISSUE THE COMPASS PLATFORM FOR ANDROID AND iOS.
Pls Visit:
Telegram: https://t.me/joinchat/HCRV1gzp81kwL3OwkHttJw
Website: https://www.gncompass.com/
Whitepaper: https://www.gncompass.com/wp-content/uploads/2018/01/GN-Compass-whitepaper.pdf
Author
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1242198
ETH: 0xfe4A4DA8DE5565e76392b79615375dDf6C504d11