Thursday, March 8, 2018

GN Compass - increase the investment market



What is GN Compass
People are getting lost in the current financial system. Let Great North Compass be your guide to creating value utilizing blockchain technology.

GN Compass is a lending system where investors and borrowers can exchange value. To increase the investment market by creating more liquidity in traditionally non-liquid assets

GN Compass provides Cryptocurrency-Backed Loans ™ to create constant liquidity in the lending market. This is accomplished by allowing investors to sell portions of loans in their portfolio. Investors are not locked in to the term of a loan and can liquidate loans for any reason only after a certain no-trade time period has been reached. The buying investors will reap the benefits of the loans being paid back by borrowers while the selling investor still makes a profit. By using blockchain technology to verify and distribute all transactions across the Ethereum network, it guarantees transparency.

With our Cryptocurrency-Backed Loans ™, Compass offers investors good returns on investment plus added security on all funds invested.

All loans will be backed by Compass tokens (GNCT). The tokens will represent the amount invested. This does not include the potential interest amount the Investors will receive. If Borrowers default on a loan over a certain period, the tokens will be automatically exchanged and the fiat currency the Investor originally invested with (e.g. US dollars) will be deposited into the Investors’ wallet. The Investor can then choose to reinvest or transfer funds from their wallets back into their bank accounts.

Investors simply sign up and create their profile and investment portfolio. The investment portfolio page will ask the Investor about their investment goals such as retirement planning, preferred repayment cycle (e.g. To have investment re payments deposited to their account on a certain day per month). This is where they will input the amount they are looking to invest and the interest rate they are looking to receive plus the length of time they are looking to invest for. Once the profile is complete and the Investor is happy with their investment settings, they will then be required to add their banking information into their secure payment system. From there, the Investor will be assigned a secure digital wallet attached to their bank account where all the transfers and payments will be made. The Investor investments will then be sent to a loan pool to fund loans. When loans are being repaid the GNCT backing the loans will be adjusted accordingly.


ICO Detail

Token info
Token : GNCT
Platform : Ethereum
Type : ERC20
Total Tokensale Supply : 100,000,000

TOKEN PRE-SALE ROUNDS:

First Round: January 29 To February 04: Price 1 GNCT = USD $0.14
Second Round: February 05 To February 11: Price 1 GNCT = USD $0.20
Third Round: February 12 To February 28: Price 1 GNCT = USD $0.25

MAIN SALE:
MAIN SALE: April 09 2018 - April 30 2018: Price 1 GNCT = USD $0.30

TOKEN ALLOCATION
Total ERC20 tokens created will be 1,000,000,000 GNCT.
ü  20% Or 200,000,000 GNCT Will Be Reserved For Pre-Sale And ICO (Initial Coin Offering) Sale.
ü  10% Or 100,000,000 GNCT Will Be Reserved To Pay Out Bonuses.
ü  60%  Will Be Reserved To Back Investor Funds On The Compass Platform.
ü  10% Will Be Held In Reserve.


More Informations :


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