GN COMPASS Peer-To-Peer Loan Platform For Cryptocurrency-Backed Loans

 

WHAT IS GN COMPASS

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.

Advantages of GN compass

investor protection investment: loans supported by GNCT comprehensive borrower review process.
Credit Liquidity: You can easily sell your entire loan portfolio or loan portion.
Get higher interest rates than many traditional investment instruments.
Transparency: All transactions are verified in the Ethereum block chain, recorded, and searched anytime, anywhere.
A sophisticated investment analysis tool that tracks investments to ensure you meet your investment objectives.

How does it work.

For investors.

Investors sign up and create their investment profiles and portfolios. The investment portfolio page will ask Investors about their investment objectives such as retirement planning, preferred payment cycle (eg, if investment reimbursement is put into their account on a certain day of the month). investments and interest rates that try to receive more time periods they are trying to invest.
Once the profile is completed and investors are satisfied with their investment arrangements, it is necessary to add their banking information to our secure payment system. From there, Investors will be given a secure digital wallet connected to their bank account where all transfers and payments will be made. Investor investment will then be sent to a number of loans to finance the loan. When the loan is repaid, GNCT support will be adjusted.

For borrowers.

The borrower will register by creating a username, password and completing the profile page. They will also have the opportunity to register using their Facebook account, which will allow GN Compass to link and extract basic information from their Facebook profile.
Once the borrower successfully completes his profile and all necessary documents have been submitted and processed, a risk assessment will be made and a risk rating will be given to the borrower. The loan amount ranges from $ 1,000.00 to a maximum of $ 5 0, 0 0 0, 0 0 with interest rate from 3.99% to 11.99%. If their risk level is within our parameters, they can continue with their application. If their risk level exceeds our parameters, it will be rejected and needs to be reapplied within three months.

In the case of the borrower, not only the credit score and income, but the complete image credit profile.
Ability to improve credit ratings by making timely payments.
Payday loans and low interest rates from high interest
Flexible payment period (3 months to 3 years).
Speed and ease of use: You can apply for a loan from the comfort of your sofa and use the mobile device ten times faster than bank loans.
Transparency: All transactions are verified in the Ethereum block chain, recorded, and searched anytime, anywhere.

Solutions to Loan Problems

GN Compass provides Cryptocurrency-Backed Loans ™ to create constant liquidity in the lending market. This is done by allowing investors to sell some of the loans in their portfolios. Investors are unlocked within the loan period and can liquidate the loan by selling GNCT which supports their loan to other investors thus allowing new investors to benefit from the loan while making a profit. By using blockchain technology to verify and assign all transactions across the network, this ensures transparency

Compass Token (GNCT)

All loans will be supported by Kompas token (GNCT). The token will represent the amount invested. This does not include the amount of potential interest to be received by the Investor. If the Borrower fails to borrow for a specified period of time, the token will be redeemed automatically and the fiat currency originally invested. Investors (eg US dollars) will be deposited into the Investor's wallet. Investors can then choose to reinvest or transfer funds from their wallets back to their bank account.

Profit Token

• Token buyers are protected by anti-scam system.
• Funds will be returned to contributors if they fail to reach the target.
• Bonus tokens for initial buyers.
• Loans on the GN Compass platform will only be supported by GNCT.
• Tokens will increase in value because Cryptocurrency-Backed Loans create liquidity in the lending market.
• Investors can buy and sell token backing loans only in GNCT.

ABOUT TOKEN AND SALE:

Symbol (GNCT)

Tech (Ethereum)

Total Tokensale Supply (100,000,000)

Price 1 GNCT (USD $ 0.14)

Token Contract Address (0x0725eb94043bddd85dfb81c3a45d9db1ed49fb48)

TOKEN SALE ROUNDS:

First Round (January 29 Until February 04)

Price 1 GNCT (USD $ 0.14)

Second Round (05 Feb - 11 Feb)

  Price 1 GNCT (USD $ 0.20)

Third Round (February 12 Until February 28)

  Price 1 GNCT (USD $ 0.25)

TOKEN ALLOCATION

Total created ERC20 tokens are 1,000,000,000 GNCT.

20% Or 200,000,000 GNCT Will Be Requested For Pre-Sale Sales and ICO (Initial Coin Offering).

10% Or 100,000,000 GNCT Will Be Requested To Pay Bonus.

60% Will Be Requested To Return Investor Funds On The Compass Platform.

10% to be held at the Reserve.

The token sale is to raise funds for platform development\

TOKEN ASSIGNMENT.

Total created ERC20 tokens are 1,000,000,000 GNCT. Estimated at $ 0.14 for 1 GNCT.

20% or 200,000,000 GNCT will be provided for sale on presale and ICO (initial offer of coins). 10% or 100,000,000 GNCT will be made available to pay the bonus. 60% will be provided to support investors' funds on the Kompas platform. 10% will be saved as backup.

BONUS

ROADMAP

Q2 2017

RESEARCH AND DEVELOPMENT CONCEPT.

Q3 2017

BUSINESS INCORPORATION AND TEAM EXPANSION.

Q4 2017

BUILDING STRATEGY CORE AND FUNCTIONALITY. PRODUCT DEVELOPMENT BEGINS. DEVELOPMENT OF ERC20 TOKEN & MULTI-SIG WALLET.

Q1 2018

RAISE SEEDING RESERVATION (OFFEN TOKEN PRE-SALE SUPPORT) COMPETE CAMPAIGN GUIDE UPDATE.

Q2 2018

MORE MORE TEAM MEMBERS. SMART CONTRACT PRINCIPLE CONTROL AND BUG TEST.

Q3 2018

MVP RELEASE WITH TESTING BUG AND ADVANCED UPON. GNCT SHOULD BE SEEN AT LEAST, ONE PAST ACTUALLY.

Q4 2018

RELEASE PLATFORM OF GN COMPASS COMPASS IN ANDROID AND IOS.

FOR MORE INFORMATION PLEASE YOU CAN VISIT LINKS BELOW:

Website :https://www.gncompass.com/
Whitepaper :https://www.gncompass.com/wp-content/uploads/2018/01/GN-Compass-whitepaper.pdf
Facebook :https://www.facebook.com/gncompass/
Twitter :https://twitter.com/GN_Compass
Telegram :https://t.me/joinchat/HCRV1gzp81kwL3OwkHttJw

by POLENG

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