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
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.