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Author Topic: ANN Pngme & Pngcoin: Decentralized Lending Platform and Mobile Banking App  (Read 880 times)
Pngme-Support
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May 06, 2019, 10:57:03 PM
Last edit: December 02, 2019, 05:25:02 AM by Pngme-Support
 #1


ANN Pngme: Decentralized Lending Platform and Mobile Banking App


Pngme is global lending marketplace that gives institutional investors access to an alternative lending asset class. Using blockchain technology, decentralized rate setting algorithms, and digital-footprint-based credit scoring Pngme creates an open and transparent lending marketplace where borrowers can obtain low-cost capital and investors can access alpha.

For borrowers Pngme provides the necessary tools to credit score their customers and raise capital by issuing digital bonds that are sold on our lending marketplace to investors. Our Credit Scoring APIs allow for seamless integration with a borrower's mobile payment application in order to embed credit default risk into the digital bond through our Digital Bond API. By providing current and historical credit risk information investors are able to price capital more efficiently and increase the supply of affordable capital for borrowers.

Our mission is to close the $5.2 trillion dollar finance gap that affects 200 million MSMEs globally. This will drive sustainable economic growth from the bottom of the financial pyramid increasing opportunity and quality of life.


Users of Pngme will be able to:

  • Make mobile payments
  • Earn interest on savings
  • Take out asset backed loans
  • Build a digital footprint credit score



















-----------------------------

Messier 31 Inc d/b/a Pngme is offering securities under Regulation CF and Rule 506(c) of Regulation D through SI Securities, LLC (SI Securities). The company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained at: https://www.seedinvest.com/pngme/pre.seed/
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May 06, 2019, 11:34:15 PM
 #2

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

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May 06, 2019, 11:48:46 PM
 #3

What happens to Pngme? I think this is not your first announcement in the last 2 weeks, and not the first team account. This is weird...

Link to "TELEGRAM AIRDROP (https://bitcointalk.org/index.php?topic=5137168)"  is wrong...

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May 06, 2019, 11:55:52 PM
Last edit: May 07, 2019, 12:06:56 AM by Pngme-Support
 #4

What happens to Pngme? I think this is not your first announcement in the last 2 weeks, and not the first team account. This is weird...

Link to "TELEGRAM AIRDROP (https://bitcointalk.org/index.php?topic=5137168)"  is wrong...

Our other account got suspended because we asked members post "Proof-of-Authentication" to prevent bots and spam and we didn't realize that it broke the rules for a low-value campaign - we should have known better and read the rules properly.

The account is suspended for 30 days and we will be using it again when we are able to.

Thank you for asking,

The Pngme Team
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May 07, 2019, 12:01:05 AM
 #5

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
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May 07, 2019, 07:39:30 AM
 #6

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

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May 07, 2019, 10:06:10 AM
 #7

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

We understand - I will give an explanation of the legal structure of the organization later tomorrow Pacific Time as it is late here. Thanks
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May 07, 2019, 10:47:41 AM
 #8

🔘 We are excited to announce the Pngme's launch with an airdrop campaign. Earn up to 1500 PNG ($19.5) for easy social tasks and 250 PNG ($3.25) for every valid referral.

Start our bot to participate: https://t.me/PngmeAirdropBot

#Airdrop #ICO #Pngme #PNG
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May 07, 2019, 07:04:48 PM
 #9

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

This is an excellent question and I will do my best to explain. Our corporate structure is similar to many token or well known blockchain companies that have operations or teams working from the US (i.e. BlockOne, EOS, and many others well known companies that are based here in San Francisco). We have a US company that is setup to run operations, manage team members, and execute engineering and development from within the US. It is a legal requirement to have a corporate structure if you live and work in California full-time as many of the team here do - we therefore must have a US entity for employment purposes.

Alongside this we have a parent company that is based in the Cayman Islands that is the token issuer and network operator for Pngcoin. This company operates and maintains the token network and generates the tokens to qualified purchasers within Cayman's regulatory framework. This entity is complaint with KYC/AML regulations that are enforced in the Cayman Islands. We do however only allow specific jurisdictions and only certain classes of investor are allowed to participate in our token sale. Currently all non-accredited US investors, Chinese nationals, and Sanctioned Countries are unable to participate in any token activities. More information on this will be published in the next 4-weeks to our website.

When we begin to start offering custodial financial services in Europe we will operate a European subsidiary that will have the relevant licenses under the PSD2 (Payment Services Directive) framework that will allow us to operate as an e-money provider under the EMI. We are starting the process to apply for these at the moment. This is normal practice for financial services companies and is why Paypal has a subsidiary in Luxembourg while being a US company, for example.

Please ask any more questions you may have an we will be happy to answer.

Kind regards,

The Pngme Team
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May 09, 2019, 12:42:41 AM
 #10



We are launching our beta testing phase of the Pngme mobile app today, you can read about it here:

https://medium.com/pngme/pngme-android-app-beta-testing-demo-ed1253b94615

Watch the YouTube demo video here: https://www.youtube.com/watch?v=FtI_1nkEErU

You can demo the Andriod Mobile App here: https://pngme.com/demo



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May 14, 2019, 04:34:40 AM
 #11

Our Airdrop campaign is still ongoing and will run until Friday the 17th of May.
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May 15, 2019, 05:55:18 AM
 #12

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

This is one of the main reason many people are not showing interest towards the US projects, SEC is looking very closely about the projects. So you need to get approval from the SEC before raising any money? Whether you are running an ICO or IEO because some exchange has some restriction for US based projects.
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May 15, 2019, 09:39:55 AM
 #13

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

This is one of the main reason many people are not showing interest towards the US projects, SEC is looking very closely about the projects. So you need to get approval from the SEC before raising any money? Whether you are running an ICO or IEO because some exchange has some restriction for US based projects.
Pngme has explained the question above, and that is indeed an interesting question, if indeed PNGME is safe and legal, I don't think we need to worry about the SEC,
and I suggest before this project is fully launched for investors and must prove it if the project is safe

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May 15, 2019, 05:58:11 PM
 #14

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

This is one of the main reason many people are not showing interest towards the US projects, SEC is looking very closely about the projects. So you need to get approval from the SEC before raising any money? Whether you are running an ICO or IEO because some exchange has some restriction for US based projects.

This is really important due diligence and something we take very seriously on our side - we have both onshore and offshore counsel that are guiding us through our equity fundraise (US entity) and the token sale (Cayman entity) to ensure we are compliant. I will explore what we are able to disclose publicly with our counsel and but we do make an effort to explain the legal frameworks we using in the Whitepaper itself. Thanks for the feedback and we will do our best to demonstrate the information for due diligence purposes however wee can.
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May 15, 2019, 06:01:01 PM
 #15

If the platform is aiming to be a mobile bank, I suppose this is under the jurisdiction of a Central Bank to legally operate. So are you a registered company and do you have license to operate on this type of business? Your address says San Francisco, CA.

If you would like to read about how we are approaching regulatory issues we have a detailed breakdown in our whitepaper in our "Regulatory Compliance" section on Page 22. It clearly outlines our approach to custody and how we plan to operate compliantly.

We have a US based office and a Cayman Islands company for digital asset operations and will be opening our European office for EU operations in due course.

Thanks for the question.
You know about the SEC turning off a number of projects from the USA, and it is very important for us investors to be truly safe and comfortable in choosing your project, can you explain this? and how do you deal with the SEC?

This is one of the main reason many people are not showing interest towards the US projects, SEC is looking very closely about the projects. So you need to get approval from the SEC before raising any money? Whether you are running an ICO or IEO because some exchange has some restriction for US based projects.
Pngme has explained the question above, and that is indeed an interesting question, if indeed PNGME is safe and legal, I don't think we need to worry about the SEC,
and I suggest before this project is fully launched for investors and must prove it if the project is safe

Did you read our explanation in our Whitepaper - if you have any feedback on that it would be great so we can reiterate and improve our messaging.
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September 03, 2019, 05:45:23 AM
 #16

Our new Whitepaper has been published here: Whitepaper
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September 03, 2019, 07:13:10 AM
 #17

Welcome PNG, do you plan to operate the project in full by the end of 2019? I heard PNG will hold a bounty program in early September, true or TBA?































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September 03, 2019, 02:24:27 PM
 #18

Welcome PNG, do you plan to operate the project in full by the end of 2019? I heard PNG will hold a bounty program in early September, true or TBA?

Yes our app and network will be operation by the end of Q4 2019. We have just completed our beta testing phase and are raising funds through our regulated equity crowdfunding campaign on SeedInvest here: https://www.seedinvest.com/pngme/pre.seed/

We will be starting a bounty campaign this week we will post an announcement here shortly so you know when you can participate.

-----------------------------

Messier 31 Inc d/b/a Pngme is offering securities under Regulation CF and Rule 506(c) of Regulation D through SI Securities, LLC (SI Securities). The company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained at: https://www.seedinvest.com/pngme/pre.seed/
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September 06, 2019, 04:22:28 PM
 #19

Pngme is raising capital using crowdfunding on SeedInvest to grow our global alternative lending platform!

https://medium.com/@brendanplayford/pngme-is-fundraising-on-seedinvest-1f700eba18a3

-------------------------

Messier 31 Inc d/b/a Pngme is offering securities under Regulation CF and Rule 506(c) of Regulation D through SI Securities, LLC (SI Securities). The company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained at: https://www.seedinvest.com/pngme/pre.seed/
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September 06, 2019, 07:21:14 PM
 #20

We have launched our Bounty campaign that has a 10 million Pngcoin pool (PNG is priced at $0.02) - you can register for it on out Bitcointalk listing here: https://bitcointalk.org/index.php?topic=5182388.0



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