Bringing the benefits of cryptocurrency to the lending world
Lending is an essential part of the modern financial world but hasn’t changed all that much in the latest decade. However, new an innovative technology has since then emerged that has already proven itself to be far superior to ordinary solutions in many fields. Because of this, GN Compass thinks it’s time for blockchain and the lending industry to meet each other. GN Compass is creating a lending platform based on the Ethereum platform, on which loans are backed by their own ERC20 token, GNCT. A very notable feature of the GN Compass platform is that investors have the ability to sell their lending positions to other investors, in order to benefit from changes in the market. This option brings a whole new dynamic to the world of lending. GN Compass aims to bring full transparency to the platform through the use of blockchain technology, where all transactions can be verified on the blockchain. To keep competitive against already established lending platforms, GN Compass is offering lower interest rates for its users. All loans on the GN Compass platform are made peer-to-peer and handled by smart contracts which ensure both parties that no one can manipulate or cheat the system. All smart contracts act exactly as they are programmed to do, and no one can interfere with them, that’s the beauty of blockchain technology.
Is there a place in the market for GN Compass?
The act of lending, borrowing and taking credit, is something almost everyone in the modern world does, even if they don’t realize it. One of the things most people take a loan for is a house or a car, but even your credit card is essentially loaning you money every time you spend. Another aspect to look at in regards to the question is the future of blockchain technology. At the moment, many experts agree that blockchain will be widely adopted throughout the world in the future. If this is true, then the process of lending and borrowing will surely also be done through blockchain. In this case, a service like GN Compass will most likely be needed in the financial world.
To fund their project, GN Compass is raising funds through an initial coin offering (ICO), selling their ERC20 token GNCT. This token is going to be an essential part of the GN Compass ecosystem.
The token sale started the 9h of April
The token sale ends the 30th of April
1 GNCT = 0.3 USD (Current bonus is 5% until the 30th of April)
- Total amount of tokens minted is 1,000,000,000 GNCT
- 200,000,000 GNCT is reserved for the pre-sale and main sale
To view the entire team, learn more about them and their advisors, visit the official website at: https://www.gncompass.com/ or read their whitepaper here: https://www.gncompass.com/wp-content/uploads/2018/01/GN-Compass-whitepaper.pdf
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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