[ANN] Credible Network

[Amaara89]

Hey Very good project, excellent team. Please tell me, Is the amount invested will be returned if the minimum cap isn't reached by the end of the pre-sale or ICO?

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.

what that mean lenders  
do you borrow funds to hit softcap actualy?

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.

That's great, btw Is the product is backed by any VC firm?

[1715162416]

1715162416

[barrylevett]

That's great, btw Is the product is backed by any VC firm?
[/quote]

We have some institutional backers -- Panquita, Elticap and Icarus Feather

[TimLouise]

That's great, btw Is the product is backed by any VC firm?

We have some institutional backers -- Panquita, Elticap and Icarus Feather

Hello Barry, Kindly let me know What are the precautionary measures to ensure scammers will not be able to mislead investors into sending coins to the wrong address?
What will be your steps or precaution to prevent from them?

[Freaks]

When testnet will go live if that is already live and working than please share the link to test this platform. Roadmap showing it will be get launched in current month but there is no activity on social media channels and hard to know what is current status of this project?

[barrylevett]

When testnet will go live if that is already live and working than please share the link to test this platform. Roadmap showing it will be get launched in current month but there is no activity on social media channels and hard to know what is current status of this project?

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

[barrylevett]

Hello Barry, Kindly let me know What are the precautionary measures to ensure scammers will not be able to mislead investors into sending coins to the wrong address?
What will be your steps or precaution to prevent from them?

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.

[AlbemZ]

When testnet will go live if that is already live and working than please share the link to test this platform. Roadmap showing it will be get launched in current month but there is no activity on social media channels and hard to know what is current status of this project?

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

What is your total addressable market and what do you estimate is the max share your network will take? Thank you in advance.

[kable78]

is the only global distributed register for storing business credit data on a block chain.

[barrylevett]

What is your total addressable market and what do you estimate is the max share your network will take? Thank you in advance.

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.

[PaulWalkerP]

In the credible network, what will the use of tokens, and how it will circulate in the community? Looking forward to your answer...

[vinayak2628]

When bounty campaign strated?

[barrylevett]

When bounty campaign strated?

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.

[barrylevett]

In the credible network, what will the use of tokens, and how it will circulate in the community? Looking forward to your answer...

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

[Amaara89]

In the credible network, what will the use of tokens, and how it will circulate in the community? Looking forward to your answer...

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

does your pre-sale has been started, if yes then How can I participate in the Token sale?

[Brett0001]

What is your total addressable market and what do you estimate is the max share your network will take?   

[barrylevett]

In the credible network, what will the use of tokens, and how it will circulate in the community? Looking forward to your answer...

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

does your pre-sale has been started, if yes then How can I participate in the Token sale?

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

[SmartPesa]

Cryptocurrencies have had a difficult 2018. Mr. Barry will be discussing his views at the Blockchain Summit 2018 on the long-term future of cryptocurrency market.
Event:
2018 Singapore Blockchain Summit
28 August 8:30 AM to 6:00 PM
Suntec Convention Centre Level 3
1 Raffles Boulevard, Singapore
blockchainsummitsingapore.com

[TimLouise]

What are the precautionary measures to ensure scammers will not be able to mislead investors into sending coins to the wrong address?

[SmartPesa]

2018 Singapore Blockchain Summit will go live in less than 24 hours. Come join us in the discussion of the future of Blockchain and cryptocurrency markets.

[Suke_Teki]

When bounty campaign strated?

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.

I hope that you immediately start bounty campaign, this will really help spread the word about your project. Besides that, it will also help increase followers' social media accounts. the more followers will the more convincing your project. I see now that the Credible twitter account only has 116 followers, I think it's not good