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Tokens/Coins Offerings (ICO, IEO, etc.) / [ANN] [ICO] CEREAL - BLOCKCHAIN ECOSYSTEM FOR ASSET-BASED LOANS
« on: July 11, 2018, 02:58:47 PM »
Blockchain ecosystem for asset-based loans
What is CEREAL?
Cereal is a platform offering credit products that are secured by customers’ mining equipment, cryptocurrencies, and other blockchain assets.
Thanks to Cereal there’s no need for borrowers to sell their valuable blockchain assets in order to access fiat money. Instead, they can secure their cryptoassets as collateral, in order to receive cash for the purpose of covering their business and living expenses.
Cereal will store its customers’ collateral in cold wallets, thus ensuring a high level of security and preventing bad actors from gaining access to the borrower’s assets.
Cereal’s has automated solutions for calculating the maximum loan that customers are eligible for and doesn’t need to check client’s credit scores. This makes Cereal incredibly convenient and hassle-free for borrowers.
The problem we solve
Credit products have always been a driver of a market’s growth. They facilitate faster rates of expansion for businesses which, at scale, contributes to improved standards of living for consumers. In the cryptocurrency market, however, credit instruments are almost non-existent. Market participants do not have access to convenient credit solutions which could enhance their business development - this is slowing down the growth of the infrastructure within the industry.
Cereal’s credit solutions solve this problem. The subsequent improvements to the cryptocurrency market infrastructure will increase the pace of development within it, and help it to reach its potential.
Partnership with GigaWatt
To allow customers to borrow fiat money secured against mining equipment, Cereal has partnered with GigaWatt - one of the largest mining facilities in the US. This partnership will help those customers who want to get into cryptocurrency mining but don't have sufficient fiat assets to pay for mining equipment. These customers can access loans secured against the mining equipment they purchase, thus reducing the amount of fiat required to get involved. The mining equipment will serve as a collateral and will be located at the GigaWatt hosting facilities, earning money for them throughout the repayment period and beyond. This service is planned to start in July 2018.
These outcomes demonstrate that purchasing two miners in installments is much more beneficial. From the first month, investors receive a steady net revenue that is higher than in the case with personal funding. After the loan is repaid by the end of the first year, customers start receiving the full income generated by their mining equipment.
Cereal Ecosystem
Cereal unites all parties to make them benefit from our product:
Borrowers have access to fiat money
Financial companies benefit from better credit fees or interest income by providing loans in partnership Cereal
Investors get a new instrument to allocate resources
Merchants are able to find new customers by selling products on our platform
Our ecosystem is a mediator between the traditional fiat market and the young cryptocurrency market. The exponential growth of the cryptoasset market attracts new big corporate players and smart money.
Distribution of tokens
| Token Sale: | 62% |
| Team: | 10% |
| Advisors: | 5% |
| Reserve: | 20% |
| Bounty: | 3% |
| TOTAL: | 100% |
Team
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