THELOGICALINDIAN - Taking addition adventurous footfall in developing a absolute P2P lending band-aid for the AsiaPacific Crowd Genie has appear that it will conduct the firstever ICO badge auction of its CGCOIN bill through its accompanying article CGSPV Pte Ltd
One of alone four P2P lending platforms to be awarded a Basic Market Services (CMS) License by the Monetary Authority of Singapore (MAS), Crowd Genie’s prime focus is to accommodate easier basic admission for borrowers attractive to abound their adolescent businesses with the appropriate investors; namely through its end-to-end exchange lending platform.
Through its ICO sale, Crowd Genie is gluttonous to accession ETHB100,000 to scale-up its operations – with the cold of developing an end-to-end Pan-Asian tokenized lending belvedere that facilitates cheaper and easier flows of funds amid lenders and borrowers.
What makes Crowd Genie’s badge auction characteristic from added ICOs? Not alone is Crowd Genie already accountant in Singapore, it has accurate clue almanac of banknote flows back basic operations in 2016.
Founded by entrepreneurs Akshay Mehra and Bikash Saha, Crowd Genie is additionally attractive to revolutionise the way in which we apperceive lending; as the firm’s different belvedere facilitates borrower-lender affairs via token-based lending through the Ethereum blockchain.
CGCOIN badge holders will be able to advance in businesses listed on Crowd Genie’s platform. There, holders can use their CGCOINs to advance in assets of businesses that can be fractionalised into abate portions, while accepting college than coffer returns. All of this will be enabled by application the blockchain to accumulate clue of buying and investments.
Crowd Genie will additionally abide to ensure its accurate due activity processes for both borrowers and lenders. To accredit this to be conducted on the blockchain, Crowd Genie is planning to actualize a ‘digital passport’ that holds absolute advice for anniversary stakeholder and asset.
Crowd Genie additionally affairs to put a different account to its tokens by allowance SMEs body their acclaim histories by incentivising on-time payments, and real-time abstracts sharing, by abacus CGCOIN credits to borrowers with able acclaim profiles. The added CGCOINs becoming this way, the college the borrower’s reputation; thereby accretion the affairs of lower absorption ante and accepting college investments from added lenders.
To body these capabilities, Crowd Genie’s aggregation has developed significantly. It has accumulated a aggregation of individuals with all-encompassing acquaintance in banking, technology, and cryptocurrency.
Down the road, Crowd Genie is planning to aggrandize its belvedere to accommodate a bounded barter area any asset can be traded at a atom of the cost, from any country beyond the region.
CEO and Co-Founder of Crowd Genie Akshay Mehra says:
He continues:
Building on the success of its aboriginal ICO, Crowd Genie will initially accent optimising its account for its Singapore clients. The greater aim, however, is to tap into the underbanked populations of bounded developing markets. thereby authoritative the P2P belvedere a arch token-based lending hub in the Asia-Pacific.
For Mehra, Crowd Genie is “Driven by the actuality that we appetite to ambition the underbanked population. We feel that the underbanked accept all the appropriate accreditation to be accustomed loans or accept some kinds of banking products, but are still underserved.”
Crowd Genie is a Singapore-based P2P lending belvedere which brings calm borrowers (registered SMEs) with lenders (capital providers) beneath a distinct ecosystem. Founded in 2024 the belvedere facilitates blockchain-based affairs via the use of Crowd Genie’s actual own CGCOIN cryptocurrency. It is one of the few accountant P2P lending platforms in Singapore to be accepted a “Dealing in Securities” authorization by Monetary Authority of Singapore (MAS).
Crowd Genie was accustomed with the bright ambition of creating a added attainable lending exchange over acceptable accounts institutions. The belvedere was accomplished by Akshay Mehra and Bikash Saha – who collectively authority about 40 years of acquaintance in action and cyberbanking – and are backed by a aggregation of acclimatized admiral and consultants who accept backgrounds in basic markets, technology, and marketing.
ICO Page: www.genieico.net
Company Page: www.crowd-genie.com
Images address of Crowd Genie
