WEBSITE.....WHITEPAPER.....TELEGRAM..... BOUNTY

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What is SUR?

SUR is a utility token which can be used as a pledge in a Suretly crowdvouching platform. It means that there is a possibility to use SUR-tokens as a method of ensuring guarantee on a granted surety in the Suretly app. There are two types of tokens available based on Ethereum and Waves. Tokens are equivalent.

What is crowdvouching?

Crowdvouching is the practice of financially securing a loan repayment by vouching monetary contributions from a large number of people. Unlike P2P lending, vouchers do not lend money directly to the borrowers but guarantee to repay the loan to the lender in case of borrower's default.


Vouchers act as a collective mind in order to determine whether to approve loans or not. Liability for each loan is divided among all vouchers. Each voucher approval serves like an insurance of the loan capped at $10 USD. Since the vouching range is between $2 and $10, each Borrower needs to find dozens of vouchers provided by Suretly platform. In order for the loan to be approved, the entire loan amount should be guaranteed by the vouchers.

Role of SUR-tokens

There is a possibility to use SUR-tokens as a pledge.



In Suretly app customers can observe a list of borrowers who applied for short term loans. Profiles contain photo, city, age, gender and the statistical data on the timely loan repayment among borrowers of a similar category. Each customer can vouch for a borrower he likes and instantly get profit for each issued loan. SUR-tokens can be used as a guarantee and must be enrolled to the account in the app. After the loan is approved, the tokens get frozen in the amount according to the exchange rate. If the borrower won't pay off his loan later the voucher loses tokens in the guaranteed amount.

Initial Token Sale

On July-August, 2017 SURcoin Pte. Ltd held initial token sale and raised 168 BTC, 6460 ETH, 1329 LTC and 12922 WAVE (which was equal to $2.8 million USD on the closing date).      
All raised funds was exchanged for 15% of Suretly, Inc.’s shares. Starting spring 2018 SUR-tokens are intended to be used as a pledge on a granted surety in the Suretly app.
Totally 237614 SUR-tokens and 28728 wSUR-tokens were issued, including additional 10% issued to the option pool for rewarding current and future employees. These team tokens cannot be sold till August,11, 2018. Now they are stored there: SUR and wSUR.
Creation of new tokens  is not considered.

Buy&Burn

Starting the 3rd quarter of 2018 Suretly will start transferring 0.2% of each loan secured by its participants to SURcoin This money will be used by SURcoin pte.ltd to buy tokens from exchanges. All purchased tokens will be burned.


Media coverage

• Blockchain News: Crowdvouching Loan Service Suretly raises $2.8 million
• NewsBTC: What’s Coming Up in July? Suretly’s ICO is On its Way!
• CoinIdol: Suretly, a Crowdvouching Alternative to Peer-2-Peer Lending Announces ICO
• Waves platform: Suretly to hold ‘crowdvouching’ ICO on Waves platform
• Suretly raises $350,000 in pre-ICO round
• Tinder for microloans: How to share lending risk with strangers
• The fintech-startup Suretly acquaints New York with the technology of crowd-vouching
• More links are available in whitepaper.

Disclaimer: U.S. citizens/residents are not legally allowed to purchase SUR tokens.

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Local threads:

Chinese (中文): https://bitcointalk.org/index.php?topic=1891798
Dutch  (Nederlands) : https://bitcointalk.org/index.php?topic=1910368
German (Deutsch): https://bitcointalk.org/index.php?topic=1896434
Hindi (India): https://bitcointalk.org/index.php?topic=1889731.0
French (Français): https://bitcointalk.org/index.php?topic=1900885.0
Italian (Italiano): https://bitcointalk.org/index.php?topic=1890797.0
Indonesian (Bahasa Indonesia): https://bitcointalk.org/index.php?topic=1879066.0
Korean (한국어): https://bitcointalk.org/index.php?topic=1979843.0
Portuguese (Português): https://bitcointalk.org/index.php?topic=1891020.0
Philippines: https://bitcointalk.org/index.php?topic=1887687
Russian (Pyccкий): https://bitcointalk.org/index.php?topic=1879494.0
Spanish (Español): https://bitcointalk.org/index.php?topic=1888079.0
Turkish (Türkçe): https://bitcointalk.org/index.php?topic=1925750.0

hi.
Very interesting project.
I would like to reserve the Portuguese translation.
Let me know if you are interested.

Good luck.
And best regards.

ok dev please reserve italian translation for me for later thanks!

In real life I follow a lot of startups, I really like the idea of merging tinder with loans. I'm in, and i reserve the italian traslation and other country related stuff. Kit 

Hello
I would like to reserve spanish translation.
Let me know if you needed.

a very good and detailed white paper, more likely to be a lending platform, the only difference is, the borrower's loan request can be approve through vouchers, so, what if the borrower failed to pay his loan, what will be the voucher's liability?

Token will be created on Ethereum platform. Its design will follow all Etherium implementation standard ERC20 and will be able for using by the most common existing solutions including Ethereum Wallet

https://twitter.com/Bill_Djons/status/855263538025299968

First contribution 

Yup. Reserved.

Bounty campaign will be announced a little bit later. Thanks.