🌟🚀 [ANN]CGC Token 🌟🚀 Asian Asset Exchange

[kolya.inc]

The token-based lending is very smart! There's definitely a point to invest in your tokens!

[12inchMom]

as much as i want to invest in this, the whole bitconnect fiasco has me on edge. even with the Singapore license, am not quite certain. most of the admin don't look like they from Singapore and i don't anticipate that the Singapore govt will be keen on pursuing this individuals to bring them to justice, if they end up fucking their investors.

[focacho1]

How many works you would need to run the daily operation?

[Stormspirit]

Hallo dev, how many raised funds so far ? in site is correct ? and one again any planed to listing in binance or bitrrex? thx

[VityalyaVik]

It must be a lot of work to build an ecosystem like that! Your $5M softcap is very reasonable!

[Egor_F]

Thanks for making the ICO progress in dollars, it's easier now to follow.

[DISCMAN]

Hallo dev, how many raised funds so far ? in site is correct ? and one again any planed to listing in binance or bitrrex? thx

actually i cant see progress bar in the website? or is it its not only loads some of the details in the website? regarding the exchange, i think they will have plans to that but not until ico is finished.

[Borislav12]

3% referral with currency payout! It's a great deal!

[Genie-Ico]

Thanks

Thanks for making the ICO progress in dollars, it's easier now to follow.

[Genie-Ico]

Thanks - and stay tuned for some announcements coming up .

It must be a lot of work to build an ecosystem like that! Your $5M softcap is very reasonable!

[Genie-Ico]

Fair enough - do you due diligence and risk assessment, we want to make sure that we build the platform with the highest governance standards.

as much as i want to invest in this, the whole bitconnect fiasco has me on edge. even with the Singapore license, am not quite certain. most of the admin don't look like they from Singapore and i don't anticipate that the Singapore govt will be keen on pursuing this individuals to bring them to justice, if they end up fucking their investors.

[grossmasterk]

You are my fave project now on the forum! Good luck, Genie!!!

[Voevoda]

GenieShield is a new initiative for lenders’ protection offered by Crowd Genie. Its primary purpose is to help ensure that you receive exactly what you’re expecting - on time.

It is probably the first provision funds launched by a crowdfunding platform in Singapore, and possibly in South-East Asia.

GenieShield can be used to advance funds to lenders in the event of a delay in repayments or default from the borrowers. This helps to buffer the impact on the Lenders’ expected returns due to delays or defaults by borrowers.

All the funds are kept in a segregated reserve fund that is managed by our Escrow Agent. This provides the assurance to our lenders that funds are ring-fenced and cannot be used for any other purpose.

What is the Genie Shield?

this is a really good solution and can bring success to the project. solving problems of return of the issued means solves many problems, including safety of the project.

[Viktor.tt]

Hey! How are you going to verify the information about the borrowers? As I understand it, the existing bank system is expensive partly because they have to check a borrower's history and then make sure the loan is paid back.

[Genie-Ico]

Gong Xi Fa Cai!

To celebrate Spring Festival with all, Genie ICO will be giving out virtual red envelopes (termed “ang pao”) to our token purchaser. This “ang pao” will be given out based on the amount of tokens purchased between 1st Feb to 28th Feb.

Token purchaser will receive 8% additional tokens on top of the bonus rate for the month of Chinese New Year (February!)

To double the happiness, those who purchase 2 ETH and above, will be receiving 2x the angpao rate, which is 16%

Read more : https://medium.com/@genieico/lucky-lunar-new-year-fc6101710541

[Kare.Toll]

I think the digital passport allows to do the initial check if everyone's history and then the costs of keeping the reputation info is low. And about the payback - they make the Genie Shield. I guess it will protect the lenders.

[SimpleMan]

Hey! How are you going to verify the information about the borrowers? As I understand it, the existing bank system is expensive partly because they have to check a borrower's history and then make sure the loan is paid back.

Good point and the thing is that banks do at least have something to look at in most cases or can make use of other 3rd party providers that collect info. Is Genie going to integrate or collaborate with 3rd party providers to get the database for information verification going?

[Enjoy.87]

Sure, the Genie Shield is a smart solution for the ecosystem.

[Dumzmol3421]

Don't you have a bouny programme..?

[Dmitr.g]

I'm wondering,can a non-Asian small business get a loan?