$5m, $18.5m, $18.5m

Sure - best to join the Telegram group (https://t.me/crediblenetwork) or ask your questions here. 

Hi Tom

Discounts and pricing is competitive when benchmarked against the projects that are closest to our project, such as Pundi X, Civic and Bloom.  The discount levels are set to reward early investors and those with relatively high investment values.

The pre-sale has not yet started.  For latest information and to complete the whitelisting, go to https://www.crediblenetwork.io/#tokenSale

The tokens will be used to buy / sell data and reports, used as collateral, used for payments and within the Crypto ATM.  Please see white paper for detailed description as well as the 'Token Use' section of our website at https://www.crediblenetwork.io

We will have a bounty campaign but we have not yet determined the starting date.  When we do have a firm date we will announce it through the Telegram channel as well as here.

The best resource for total market opportunity is the SME Finance Forum (https://www.smefinanceforum.org/data-sites/msme-finance-gap) and the IFC (https://www.ifc.org/wps/wcm/connect/Industry_EXT_Content/IFC_External_Corporate_Site/Financial+Institutions/Priorities/SME+Finance/)

The key report to review is https://www.smefinanceforum.org/sites/default/files/Data%20Sites%20downloads/MSME%20Report.pdf

The total number of MSMEs with funding shortfalls is 65 million.  This represents the number of enterprises that find it difficult to obtain financing through regular channels and so off the radar of most banks and credit bureaus.

Our initial focus on launch is on the Philippines where the number of MSMEs is over 816,000 with a total funding gap of $221.8b.  We expect to have a high penetration since the alternatives for these institutions are not there by definition (or there would not be a funding gap).

With the Token Sale, we will be launching the product to over 50,000 merchants.  But that is only us.  It does not include other TEAs (full nodes) and we have partners now in Africa and South America too.

Hi TimLouise

All sales of tokens will be be done on our secure platform and each purchaser will be asked to complete KYC steps.  As part of the steps, the purchaser will log his/her address for receiving the PESA tokens.  Purchasers are able to log into the platform and ensure their addresses are correct and each purchaser will be encouraged to do so before the token generation event happens.

We will never accept addresses using instant messaging, email or any other channel since we cannot be certain the purchaser is who they claim to be.

You are right that we have been somewhat quiet -- too quiet actually and we will change that to showcase more.  We've been spending a lot of time of the tech as well as talking to token purchasers as part of the private round.

We have a small testnet up and running and the public can interact with it.  We have set it to being open whereas in the implementation it will be a permissioned network.  As a result, the change controls are not in place for this testnet.

See: http://credible-1.testnet.smartpesa.com/credible-wallet-proto/explorer.htm
Wallet: http://credible-1.testnet.smartpesa.com/credible-wallet-proto/wallet.htm

That's great, btw Is the product is backed by any VC firm?
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We have some institutional backers -- Panquita, Elticap and Icarus Feather

No we don't borrow to hit the soft cap.  By 'lenders' I meant companies who want to use Credible for their lending businesses.  So we know there is demand for the Credible solution.

Hi CryptoVictorC

Thank you!  Yes if we are unable for whatever reason to not raise the minimum then we will return all invested amounts.  We don't see there being a problem getting past the soft cap though since feedback from lenders we have been speaking with is they would absolutely love to have Credible and will definitely use it.

Thanks for your support!  We are in private sale and we have some good support.  We are also bringing on partners to add to and use the blockchain and have some exciting announcements in the pipeline.

After all we know from FB, Google and others how valuable data is and there is none more valuable than credit data

The Credible project as done by SmartPesa is unique in that it brings together:
1) KYC information
2) Cash flow and other financial information
3) Crypto payments and Crypto ATM
4) Fiat payments and fiat ATM


The other projects have elements (e.g. Civic for KYC), but they lack the synergy between the different uses. 

KYC is needed for payments and payments are needed for cash flow information.  So any project that is just on one side does not have the benefit of synergies.  Only Credible has this.

Thanks!  We agree

We need to walk a very conservative line, legally speaking. Firstly since the tokens are utility tokens there are no dividends or other rewards; and per legal advice I cannot comment on progress on discussions with exchanges.  The team will continue to work in the best interests of the token holders in terms of liquidity and options - after all we will be token holders too! 

We accept BTC, ETH, HT and BNB for token sale settlement.

In terms of underlying value -- we know from the market values of the listed credit bureaus (equifax etc) that the value of credit data is worth billions of dollars.   So this proves actual need in the real world for the kind of data that will be on Credible.  The number of tokens will never increase while the size and quality of the database will only increase over time.  There is thus a strong economic logic for and ecosystem that has rising demand with constant token supply.

Any unsold tokens at the close of the token sale will be burnt.

Hi Maxxbill

We are running our token sale from Singapore and not from the US where the SEC has jurisdiction.  We chose Singapore since this is the headquarters of SmartPesa and Credible will be deployed in the emerging markets of Asia, Africa and South America.  Since there is no immediate plan to deploy into the US and the cost of registration (especially legal fees) is extremely high, we have not pursued an SEC registration or exemption. 

We do have written guidance from our legal council that we are in compliance with the laws and regulations of Singapore.

Thanks Amaara89

The source code including the testnet can be found on our Github page at https://github.com/smartpesa

Hi TimLouise

Good question. 

In developed markets we have credit bureaus - the big three are called Equifax, Experian and TransUnion, which are multi-billion dollar listed companies.  Equifax came under a lot of press coverage last year when they lost the data of 143 million people and businesses, risking their identities being stolen.

The centralised model has many problems, the most significant being:
1. You are exposed to data breaches - your data is only as good as the security of the bureau
2. No easy way to improve your credit score or sometimes even know what it is
3. The bureau makes money when they sell your data, not you
4. Data is fragmented and is often not even the same between bureaus - there is no single location of 'truth'
5. Usage is limited to whatever products the credit bureau has developed

Credible decentralises and improves the model across all these factors:
1. You control the keys to your records
2. Complete visibility as well as the ability to add new information.  Your data becomes your own asset to manage
3. You make money from your data
4. One source of truth
5. Decentralised collection, consumption and use of data.  Anyone can build new exciting use cases on top of the blockchain and monetise for their benefit and the benefit of merchants

Hope this answers your question!