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Crowd Genie (CGCOIN)

Crowdfunding & Lending

Overview

Crowd Genie is a peer-to-peer digital lending platform.

Features

Crowd Genie is a platform focused on lending to SMEs (small/medium sized enterprises).

Crowd Genie can be used to advance funds to Lenders in the event of a Borrower's delay in repayments or default. This helps to buffer the impact on the Lenders’ expected returns due to Borrower's delays or defaults.

Crowd Genie aims to build a Pan-Asia hub built on smart contracts to develop the flow of funds from Lenders to Borrowers.

Crowd Genie tokens will provide incentives to all ecosystem participants to buy and use them.

Crowd Genie token holders can earn interest on their investments by converting tokens to fiat (if they so desire), or back into CGC on exchanges.

Crowd Genie Borrowers, who have CGC tokens may get a lower interest rate, as opposed to those who do not have tokens.

Crowdsale

Pre-sale
Pre-sale start date 31 Dec 2017
Pre-sale end date 30 Jan 2018
Pre-sale token supply 10,000,000
ICO
ICO start date 31 Jan 2018
ICO end date 28 Feb 2018
ICO token supply 50,000,000
Hard cap size 5,000,000 USD (fiat)
Raised 5,550,000 USD
Legal
ICO Platform No
Token details
Ticker CGCOIN
Type Cryptocurrency
Additional Token Emission No
Accepted Currencies

ETH

Bonus Program

Day 1-14: 25%
Day 15-21: 15%
Day 22-28: 5%
Day 29 onwards: 0%

Token distribution

40% - ICO Sale
20% - Founders
20% - Marketing expenses
20% - Bounties
20% - Distribution costs
20% - Management costs
 

Funds allocation

45% - Investment in Crowd Genie loans
30% - Expansion of team 
15% - Regulatory compliance, legal, and cyber security costs 
10% - Overheads 

Ratings

Type of ratings
Rating
Status
Details
Investment Stable Expired Arrow Report

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
NA NA NA NA NA

Rating Review and Analytics

Investment rating Info Stable
Hype score Info Very High
Risk score Info Medium

Post-ICO

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ICO Contacts

Website

Ended

$5,550,000 Of $5000000 (111%)

Start ICO 31 Jan 2018
End ICO 28 Feb 2018
Token CGCOIN
Product Type Platform
MVP No product
Whitepaper View

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