GenieICO
First Business Loans Asset Exchange
Genie ICO aims to build the first Asia wide Business Loans Asset Exchange. First, the team will build a Digital Passport for the entire ecosystem users to meet regulatory compliance requirements. Next, an asia-wide tokenized platform that makes lending across borders possible, secured by blockchain, and ultimately a business loans asset exchange that trade business loans for liquidity
Cryptocurrency Investment Platform3.8
| Start Date | 13 Nov 2017 |
| End Date | 28 Feb 2018 |
| Token | CGC |
| Platform | Ethereum |
| Raised | $555,000 |
| Country | Singapore |
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About GenieICO
Crowd Genie is one of the few licensed and fully operational digital business lending platforms in Singapore. It was granted a “Dealing in Securities” license by Monetary Authority of Singapore (MAS) in March 2017. The token - CGCOIN - is released by CGSPV Pte. Ltd., a Singapore-registered related company of Crowd Genie Financial Services Pte. Ltd. (CGFS).
What are our tokens valuable?
- Quarterly Buybacks - 80% of Net Profit will be used to buy tokens back at market price and then burned.
- CGC are integral to the System - Transactions on lending platform and Asset Exchange will be denominated in CGC
- Reputation Tokens - Borrowers are rewarded with CGC Credits for timely repayments which can be monitored publicly to establish trust.
- Lending without borders - Token holders can lend across borders, according to their risk appetite, secured by blockchain.
- Loan and asset trading - trade business loans in your portfolio to other lenders for liquidity and also real-world asset trading in fractions.
Team
Milestones
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1
January 2016
Inception of Crowd Geine
-
2
March 2017
Granted Singapore MAS Dealing in Securities Licence
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3
September 2017
Launch of GeineShield provisional fund that protect lenders
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4
February 2018
End of ICO, CGCOIN list on multiple exchanges
-
5
May 2018
Lend of portion of funds raised to 30 to 50 established businesses
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6
Jul 2018
1st Buyback
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7
Aug 2018
Launch of Crowd Genie tokenized lending platform & mobile application
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8
Sep 2018
Integrate Selfie KYC & API linked sanctions screening
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9
Oct 2018
New offices in Australia and India, and apply for MAS Blockchain Asset Exchange licence. 2nd Buyback.
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10
Dec 2018
Store user's profile as Digital Passport on Blockchain cloud storage.
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11
Jan 2019
3rd Buyback.
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12
Feb 2019
Launch of Crowd Genie Blockchain Asset Exchange, lenders can start to trade business loans in fraction.
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13
Mar 2019
Include business loans from other business lending platforms in the region to Crowd Genie Asset Exchange.
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14
Apr 2019
4th Buyback.
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15
May 2019
Embled tokens in services for transactions.
Financial
| Token | CGC |
| Token Type | ERC20 |
| Platform | Ethereum |
| Tokens for Sale | 50000000 |
| Accepting | BTC, ETH |
| Distributed in ICO | 83% |
| Raised | $555,000 |
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