Crowd Genie CGCOIN ICO – Business Loans Asset Exchange?

About Crowd Genie

Crowd Genie is amongst the few licensed peer-to-peer digital lending network in Singapore. It got the license to operate in Singapore in March of 2017. To improve its platform, it is now embarking on an ICO token sale that will see it generate cash to grow the platform.

Key Features of the Crowd Genie Platform

Crowd Genie platform is focused on lending money to SMEs. It is also received KYC compliance certification from the Monetary Authority of Singapore. This is the first fun in the country to introduce a provision fund that is meant to protect lenders form delayed payments. Besides that, it is the only platform where the directors also co-invest in all investments. Thus far, it has had a strong record of accomplishment with no capital losses for investors in the last one and a half years.

The Marketplace in Asia Explained

An online source of alternative finance has been developing quite a lot in the Asia Pacific region. There has been a major increase in the growth of innovative financial solutions that bring together investors and borrowers. Most of this growth is happening because traditional financiers are not able to meet the needs of borrowers.

Another factor that has played a positive role is the rapid development of technology. Crowd Genie has made it quite cheap and easy to allocate capital. Besides that, regulation of these online companies has crystallized, making it attractive for more lenders to come into a market, which has a defined framework. Today, Market Genie operates in the online financial market by financing SMEs. It provides people with alternative sources of finance, which other banking institutions are unable to do.

It is estimated that the alternative financial market, excluding China, is worth about $1.12 billion today. It has been growing quite fast too. It grew from just $137 million in 2013 to be worth over a billion dollars by the end of 2015.

What Advantages will Crowd Genie Offer?

One of the advantages Crowd Genie has is that it is a cash flow generating company. It already has a platform that has been active for over 18 months, during which it has made money. The cash flow combined with real-world data set it apart from other ICOs. It is not just offering a theoretical look at the market but something that it has proven works.

Besides that, it is already regulated. It has done due diligence to ensure that it fully complies with all laws in the country. It ensures that those who invest in it can be assured of professionalism in the handling of their investment. It has also shown that all aspects of its operations are technically feasible.

Crowd Genie ICO Details

US citizens and residents will not be allowed to take part in this Crowd Genie ICO. It will trade under the name CGCOIN. The price has been set at 1ETH=400 CGCOIN. They target to raise at least 100,000 ETH or its equivalent in BTC. There is a total token supply of 120,000,000 of this, 3% is reserved for the bonus program.