GN Compass

In spite of the vast penetration of internet and modern technology, there are major issues with the modern day loan industry. They range from having a centralized structure that lacks transparency or there is a low liquidity rate for notes and securities. Sometimes there are a one- dimensional credit scores for public consumed data.

How it works.
For Investors.
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 repayments 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 our 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.

For Borrowers.
Borrowers will sign up by creating a username, password and completing a profile page. They w ill also have the option to sign up using their Facebook account, which will enable GN Compass to connect and pull basic information from their Facebook profile.

Once the Borrower has successfully completed their profile and all required documents have been submitted and processed, a risk assessment will be done and the borrower will be given a risk rating. The loan amounts will range from $1,000.00 to a maximum of $ 5 0 ,0 0 0 .0 0 with an interest rate from 3.99% to 11.99%. If their risk rating is with in our parameters, they can proceed with their application. If their risk rating is beyond our parameters, they will be declined and required to reapply in three months.

Their advantages
The ecosystem is divided into two parts- one for the investor and the other for the borrower.
The investors simply have a simple sigh up process where they signup and input details regarding their preferred investment goal which could be retirement planning or preferred repayment cycle. This will help them set the loan details such as how much they are willing to invest and the expected interest rate. The last step consists of adding their banking information where they will be assigned their secure digital wallet.

For the borrowers, they have to input their basic login credentials such as username, password or just sign up using their Facebook account. Post this, risk assessment will be done and they will be given their risk rating. The application will be accepted or rejected based on the risk rating of the borrower.

Token sale and bonus
The token is denoted by the symbol GNCT which is built using the Ethereum technology. The
Total Token sale Supply is fixed at 100,000 where the Price of 1 GNCT = USD$0.14. There are totally three rounds of token sale which goes as follows.
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

During the token allocation, the Total ERC20 tokens created will be 1,000,000,000 GNCT, where 20% Or 200,000,000 GNCT Will Be Reserved For Pre-Sale And ICO,10% Or 100,000,000 GNCT Will Be Reserved To Pay Out Bonuses and 60% to back Investor Funds and 10% Will Be Held In Reserve.
The purchase of the token has a number of advantages such as bonus token availability early buyers. The token buyers are protected by Anti-Scam Systems which has high security and transparency. Investors Can Buy and Sell the Tokens Backing Loans Only In GNCT.

ICO INFORMATION AND TEAM

GNCT Tokens are distributed to the public to create a strong support community. The ICO will distribute 20% of the 1,000,000,000, tokens. The Funds will be utilised for the development and marketing of the platform. One ETH is equal to the 5000 GNCT. The team believe that it will boost the cryptocurrency lending economy in the world.

Conclusion

The decentralisation of the platform provides an option to anyone to register on the platform and invest in the market. Compared to the traditional lending marketplace, the interest offered by the GN Compass is higher and secure. All the transaction are on the Ethereum Network which provides transparency in the marketplace. People will be benefitted from their crypto assets and GN Compass provides another way to earn your assets. I think that they are going to help in process of mainstream adoption of the cryptocurrency. The banks and traditional institutions will be forced to adopt the changes of the current market or perish.

Team