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Do you have bounty program?
I see in Menu your Website but it not working and search Google or Bitcoibtalk but still can not see anything

Very good

GOOD ICO!!!!

good project

Join project!

Nice project. I want to know more about this project.

Nice project, have signed up and now going to read the whitepaper.

Nice project

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There’re about $12 trillion worth of trade receivables worldwide arising from the sale of any goods and services in cases where the buyer pays for them not immediately. It is an asset that is available to almost all companies around the world: trade, manufacturing, research, telecommunications. However, in most cases it is a dead weight that doesn’t allow to extract from it the benefit that potentially exists in this amazing asset.

But what makes it so special is the ability to maintain its value even during crisis and recession. Any other asset can lose in value, but not receivables: the debt of a hundred rubles, one hundred yuan, a hundred dollars or a hundred euros will remain so.

Meanwhile, few people are trying to sell their receivables, exchange them for other assets, or mortgage them. And what really stops them? Mainly, the lack of a wide spread of necessary technologies. For example, the technologies required while working with receivables as collateral should include the ability to properly assess the portfolio of receivables as collateral, to monitor its security and quality, and to collect it if necessary. And such technologies already exist, and very soon they will become widespread.

The receivables are like oil shale. Its reserves have always been there but only recently have we acquired the necessary technology that brought it to the global market and radically changed the industry. The same will soon happen to the receivables as well, and the meaning of these groundbreaking changes will be no less significant.

And some statistics. Asian factoring volume, which declined by 8.46% in 2015, suffered another decline of 8.47% in 2016 to EUR 508 billion. This was caused mainly by China, which saw a further decline of 14.5%. However, Chinese economy is expected to grow at a new normal with a growth rate of about 6.5% for 2017. Although China continues to be the world’s second largest factoring country after The United Kingdom, its factoring growth rate is not expected to experience the high growth as seen in the past.

Japan and Taiwan, two other major Asian countries also suffered decline in volume, albeit at a lower rate 8.7% and 10.45% respectively. Nonetheless, the growth in two other major Asian factoring countries, Hong Kong (27.7%) and Singapore (4.1%) as well as interesting growth in the emerging Asian markets of Malaysia (362.7%), Thailand (20%) and Vietnam (96.4 %) helped to cushion the decline somewhat. Yet Asia continues to be the second largest factoring region accounting for 22% of the world factoring volume. Consequently, some South East Asian countries, (Malaysia, Indonesia, Thailand, Vietnam) and India are expected to fuel the growth of factoring in Asia as there are signs of increase in factoring activity.

The nature of trade receivables was first described in the Code of Hammurabi back in 1750 B.C. Item 104 of the code of laws says “If a merchant gives to an agent grain, wool, oil or goods of any kind with which to trade, the agent shall write down the value and return (the money) to the merchant. The agent shall take a sealed receipt for the money which he gives to the merchant”. In other words, when a seller delivers goods to a buyer, the former doesn’t get paid right the moment; instead, he obtains a right to get the payment after the subsequent sell of the goods.In modern trade finance terms such a right is called “trade receivable”.

Some economic historians argue that factoring appeared in ancient Rome when local wealthy merchants attracted middlemen (factors) to assist with sale and delivery of goods. We know for sure that American colonists in the 17th century resorted to factors’ services when exporting from America to England. Second half XX century textile manufacturing boom in the United States and growing trade in the United Kingdom have shaped factoring. The world factoring market had reached 2.4 trillion EUR in 2016.

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With establishing The Receivable Exchange, a marketplace for selling and buying trade receivables, the market started to transform. There are no consolidated figures on this relatively young market. Re:factor estimates its present day value well exceeding $10 billion a year.

I'm surprised that such a project was not done in previous years. I see that such a service will be very in demand in many countries. It is very likely that such a concept will compete with traditional banking.

To avoid a popular misconception: p2p (peer-to-peer) lending is still about loans that have to be repaid within a specified period of time and with a certain interest. Both individuals (peers) and organizations may participate in such transactions on different sides — so p2b, b2p and b2b transactions may happen. The main motivation for investors invest in account receivables is an opportunity to earn significantly higher returns comparing to traditional instruments.

Total p2p (peer-to-peer) lending volume in 2017 exceeded $100 billion. This market has been growing fast in the past few years:

$1.2 bln in 2012,

$3.5 bln in 2013,

$9 bln in 2014.

On the one hand, this is a high estimate - 7/10, but I think that this project deserves more. This is an innovative project, it is connected with finance (and this is real money). I think that the growth of this project will be rapid. I think that the prospects for this project are very great. Even with a small market share, the money turnover in the system will be huge.

yes hopefully this aja project will be successful and growing at the end of the remaining time of this little master, and hopefully can provide benefits for the bounty mantant sir.

Stunning growth rates. Your project has chosen a suitable market. I read the information on your website and I can say that I liked everything, I think your ICO will be successful and those who manage to take part in it will earn a lot of money.

I think a lot of enterprises will be interested in working on this platform, since the liquidity received through this project will cost significantly less than the liquidity that can be bought from the banking sector.

This is a great way to earn big money on a large turnover of funds due to a small commission. This is a good move, so the project provides its customers with better conditions and becomes the market leader.

Looks interesting !

going to read your WP for some questions

I want to support every team, so good luck to you guys. Hope you will succeed.

An original project with a well-grounded financial concept. I like that soft cap is installed on a real level. This is a signal that the team of the project makes real calculations, and does not show unreasonable figures.

What is the strength of this project compared to the work of other companies which offer the same services?

Hello! Your project interested me. What market share do you consider realistic for your project in the coming years?
If I buy tokens now, then what will be the bonus?

This project is very promising and I think it's best to invest in it not as a bounty hunter (as the reward is limited) but as an investor (since here you can invest any amount that is convenient for you).

Perhaps in order to avoid such a situation, ICO has a limit on the maximum amount of investment. I hope the community manager will clarify this issue.

I heard that some Asian bank is interested in this project. Is it so? Is this real information or just rumors?

As far as I know, no one announces intentions. I think we will find out about this interest with the fact of the deal.

The financial prospects of the project in case of its use even in one country are excellent. I would like to take part in the bounty campaign. Was there an announcement on this topic? If the project will hold a airdrop, then I will also take part with pleasure.

About re:factor key markets:
China is famous for having the most favorable conditions for the launching a manufacturing business, but it’s gradually losing its key competitive advantage — cheap and available labor power. The labor costs have been rising rapidly and it makes outsourcing of production for foreign companies not as beneficial as it used to be. The country’s average salaries jumped by 18% in 2014, followed by 17.1% increase in 2015. In 2016 they were lower than the US average figures only by 30%. Although China will no soon give up its leadership position as a global manufacturer, various economic analysts predict the country’s cheap-labor-driven growth to end up before long. After that, as the former Chief Economist of the World Bank Justin Yifu Lin estimates, about 100 million jobs positions connected with heavy intensive labor will be transferred to lower-income countries. This transition will increase 4x the number of manufacturing jobs in those countries.

What countries will fill China’s shoes as growing international manufacturers? George Friedman, the head of the consulting company Stratfor Global Intelligence, calls these countries Post China 16, or PC16. The PC16 list includes 16 countries with total population of about 1 billion: Mexico, Dominican Republic, Nicaragua, Peru, Ethiopia, Uganda, Kenya, Tanzania, Sri Lanka, Bangladesh, Myanmar, Laos, Vietnam, Cambodia, Philippines and Indonesia.

All these countries are characterized by impressive dynamic of economic growth. The annual growth rate almost of all them never dropped below 5% during 2006–2016 period; some of the countries reached double-digit annual growth rates. PC16 countries are transitional economies, so there is still a lot of work to be done to make the countries ready for the mass deployment of large-scale manufacturing. The key step to success in this regard is providing private business with an access to funding. There are multiple ways to do it and factoring, a complex of services designed to provide a supplier with financing in exchange for the right to require a payment from a buyer, is probably the most certain one.

You perfectly justify the correctness of your strategy! It seems to me that your reasoning is correct and, if project will be properly implemented, it will receive a significant portion of the financial flows from this multi-billion dollar market.

It sounds very interesting. As far as I know, the return on investment in developing countries is very large. If you work in this market, then the profitability of your project will be great. The financial sector is actually the most profitable in the world.

BittyBoBitty
Good plan. If you pre-occupy market share in developing countries, you can earn huge profits, given that they are rapidly developing. But I think your concept will be in demand even in traditional markets.

World Manufacturers are both highly underfunded and have huge reserves of a poorly used resource in a form of receivables. These reserves play a role of accounting statistics instead of working for their owners. Indeed, if we return this statistic figures to the market in a form of money, it will significantly accelerate the turnover and boost the economics growth. Protecting suppliers from the risk of buyers’ non-payment will make such growth more stable.

In developing countries, even banks offer 10% of annual income for a regular deposit, this is a very attractive interest rate. Obviously, the profit in doing business in developing countries is even higher.

I hope that some kind of bounty or airdrop will be held. Out of respect for the community and because of the tradition of working in this forum.

Will the project seek to ensure that its tokens (or securities issued in a different way) are traded on traditional stock exchanges? I think the project will have all the possibilities for this.

Yes, with the help of the platform it will be possible to work in the markets of developing countries, to receive a high income, but at the same time not to take great risks.

I think that what you are proposing, even national governments are interested, perhaps if you try, you will be able to get help from them.

I agree with you, first you need to gain a foothold in this market, and then think about expanding the project to other areas. However, even in this area you can earn a huge amount of money.

Let's see how things will develop in this project, but I think even if there is no bounty program I will invest in this project.

The global success of the crowdfactoring model depends on a combination of high demand for financing from wholesale traders and attractiveness of trade receivables as an asset class for P2P investors. In contrast to many other platforms, re:factor provides an investing opportunity not only to institutional investors and High-Net-Worth-Individuals. The platform will be affordable for millions of individual investors in countries like United Kingdom, United States, China, Russia, Saudi Arabia and others. The total population of these countries is about 4.5 billion people. If at least half a percent of the countries’ middle class citizens invests in PC16 trade receivables via the P2P factoring platform, it will bring tens of billions dollars to the market contributing to further development of the World Manufacturers and creating new investment opportunities.

If you take into account that the capital from the stock markets are looking for entrances to this market, then most likely you are right and at first will be sufficiently successful work in this relatively narrow field.

Orientation to small investors is a good move. Small investors generally have a huge amount of money, if you give these money the opportunity to work, then all sides of this process will benefit.

It is interesting, whether the implementation of such a project will cause opposition from the banking sector. After all, this project is a direct competitor for them.

the number of people in these countries is certainly huge. but we must remember that most of them without extra money and moreover the government will prohibit this. in china and russia so accurately. it will be difficult to achieve legalization as it seems to me.

You are 100% right. But if you think about the reasons why these people do not have money? There are many of them, including state policy. This concept solves this problem. Money will be for all who can work effectively.

I think you are very optimistic about the number of people who will probably use this platform for investment, but in fact even if your estimate is too high, even a smaller number of people will provide the platform with a huge profit.

In that case, we should be glad that there is an opportunity to participate in the crowdsale.

The other important differentiator of the re:factor platform is an extensive infrastructure for analysis, assessment and monitoring of credit and operational risks in the receivables origination countries. The P2P platfrm market position is to be supported by a specially created factoring company, which can act both as an investor and supplier of trade receivables, should there be a shortage on any side of the market. The broad market coverage, guaranteed trading volume and thorough risk management combined will enable to issue asset classes with attractive price-risk ratio.

I agree with you. Even if you lower the forecast by 10 times, then it will be 450 million people with billions of dollars. Using this money on the platform, they will make a profit. And their work will be profitable for the platform itself.

It turns out that the investor will have the opportunity to choose asset taking into account the level of risk? It will be very convenient, with the appropriate analysis it will be possible to raise the level of income.

The number of people is not important, the number of active users is important. 0.5% of the total population is too optimistic. Even 0.5% of people do not use bitcoin, then why they will use re: factor?

There are a few marketplaces and exchanges for trading receivables . Let's take a look at re:factor key differences.

Should a buyer of goods (debtor) fail to make a payment in a specified period of time, most of the platforms require supplier of goods (receivables seller) to repay the debt instead. Such transactions are said to be executed with recourse to receivables sellers.

Unlike on other platforms, sellers on re:factor platform can benefit from using non-recourse model. In such case a seller will get protection against debtors’ bankruptcy or late payment in addition to receivables financing. When sellers choose any of this two models (recourse or non-recourse), re:factor informs investors about the seller’s request, recommends maximum risk exposure limits and provides professional advice on associated risks. Based on that information investors will be able to make a deliberate decisions about proposed investment. A seller will be able to switch from non-recourse to a recourse transaction to facilitate the trade, should investors be unwilling to accept the risks.

Re:factor may also offer investors a bad debt protection service, so investor could obtain a right to claim a delayed payment not only to seller, but sequentially to re:factor as well. Needless to say, such option sufficiently lowers investment risks.

The concept has already been developed, the team has to conduct an ICO and complete the implementation of the project, I hope we will see its work soon.

An interesting system, I think you should pay great attention to the compliance of this scheme with the legislation of the countries in which it will be applied. If this is done and all problems are prevented, the project will have a great future.

Fuck ICOs . Many members lost money on that shit without accountablity to the scammers or devolpment teams as promised .

@MelhE7
I agree with you, there are such problems, but a lot of people got profit on ICO. And the general capitalization of the market is growing. This means that this is a lucrative market.

I think investors will be happy about this. With the help of these features they will be able to choose the most convenient strategy for themselves and manage the risk.

Maximum decentralization is an ideal to which all projects should be striven, I agree with you. I think in this project, taking into account the fact that huge sums of money will turnover through it, we will gradually come to this.

An interesting idea, I think in the future when the main functionality of the platform will be realized, developers will consider this possibility.

I think that it is not necessary to invent something new, it is enough to use the opportunities that the platform will provide and make a profit.

This is a separate business, you can talk about this after the platform starts working in several countries. Perhaps it will happen very quickly because it has a huge potential.

You are comparing different areas. Bitcoin requires special skills and understanding of the principles of crypto currency, but this system, provided a friendly interface is created, will be easier to use.

Really. Bitcoin began as an ideology. I think that in today's world, few people can be attracted by ideology. The advantage of this project is that it offers a more understandable thing - the profit from using the platform.

I like it when developers take care of users and offer them a variety of options. This is good for those who prefer to use flexible strategies in their work.

the question is how the team assesses the risks if there is a good plan even on a fall you can earn. i think the idea is normal, but for this market you need a couple more drivers to pull up large investors.

Judging by the thorough approach of developers to all issues, it can be assumed that this issue is also being worked through.

I see that half of the amount planned for the presale has already been collected. A good result for such a complex market.

Yes, it can be regarded as a success. Given that the ICO is not yet completed, it can be assumed that this is not the final figure.

I guess that development will be really fast. Still, this is actually a financial sphere, there can be a very fast turnover of money, and hence profit.

I can assume that the team understands this and plans some additional innovations. In general, the project looks good.

Even in bitcoin, the steady majority of people want only profit, they are not interested in the fundamental meaning of this system.

These are the realities, perhaps this is a problem for the crypto world. But this platform offers more simple things, what people need.

and what is the profit to ordinary investors or speculators in such a project? if you soberly look at the chance that the project will make a profit and grow stronger than the rest of the market is still very small i think. can this negative view of the market but i try to soberly assess the chances and here it is not good with them.

Reserve

I see a lot of positive news on the market, but prices are going down. I think soon it will stop and maybe it will support this ICO.

In fact, it is very difficult to guess which project will be successful, we can only make assumptions. For example, I was very skeptical about Shivom or Tron. But these projects are developing and those who have invested in them in the early stages are very happy.

I can assume that if the market was more positive, then the number of tokens sold would be much larger.

I agree with you, but external circumstances greatly influence investor sentiment. I hope in the near future we will see some improvements in the market.

It would be nice if there was a downgrade tool. Something like a default swap.

It seems to me that the introduction of such a tool will not be a big problem for the team if they decide to do it. This is a simpler task than the one on which the team is currently working.

Good idea. But I think that financial projects have an advantage over those projects that are oriented to industrial production or something like that.

Do you think so because the financial sector has a fast turnover of money?

In any case, people's interest in the platform will be beneficial for the entire industry, a certain part of them will be interested in the ideological component of the industry.

I agree with you. I think in the process of working the team should create all the instruments of the financial market in order to attract the largest number of users.

Your desire began to come true  :D
The market is growing, and some coins have begun to make X-s.

I cant get the concept of this project correctly. I didn't find information in the ann, so i want to read the whitepaper and to see your website, but i could not find any links

Now there was a slight inhibition of growth due to a minimal negative. I'm sure that in the future the growth will continue. At the moment, the news background is positive.

I agree with you. But the market began to recover actively and I think that if this trend continues, the project will very quickly collect the necessary amount of money.

Indeed, there will be a complex of positive consequences from the successful implementation of the platform. I hope this will lead to more global changes.

A certain time has passed and we can say that on average the market has really become green. I think this will have a positive effect on the ongoing ICO.

I think that different directions have advantages at different stages of market development. Now the financial sector has an advantage, but soon the balance should change. I think those projects that produce a real product will be in demand.

It is unfortunate that there was a rupture in Bancor and the growth was corrected. I hope the recovery will happen in a couple of days and the growth will continue.

When real growth begins such small events will not affect it. Apparently now there is still a period of consolidation.

The biggest changes are required in the financial sector. At the moment it is obsolete, with every year more and more people understand this.

Still, the market is unpredictable, as we could see once again. But I do not think that this is a problem since a good project does not depend on external circumstances strongly.

This project is directly related to real business as it provides real business with liquidity. We can say that the basis of this project is the demand of real business for financial liquidity.

I wanna say Congratulations on your staggering success!
The presale is going Great and it's always a Joy to see a worthy project Enjoy success right off the Bat. Maybe you Need to readjust your Goals now that you know There is a huge Demand for what You are offering? :))

Many people lost money on the collapse of real estate in 2008, but we do not say that real estate sucks. Each project should be evaluated individually. In any circumstances, there are projects that will grow and make a profit.

the ICO is very sweet, seen from the enthusiastic investor, this project is so promising and have a bright future, I hope to update every achievement of this project. always success.

Hi dev. I am interested in the bounty project but I want to know where to find the bounty thread and to join. Thank you

I think you do not have any bounty program. If, you have them PM me.