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GISC LoanCoin Network 3.25/5 (1) - Utility token based lending and borrowing platform

GISC LoanCoin Network is a utility token based lending and borrowing platform that allows users to leverage their blockchain assets to secure cash loans. The network is optimal for P2P and B2B credit financing on a global scale. With multiple years of experience in the structured finance industry, our agent network of partners along with successfully operating lending and servicing business will be the driving force of GISC blockchain lending platform. Our platform will support P2P and P2B lending without intermediaries, working with cryptocurrencies alongside fiat currencies. We are building a platform for the safe, transparent and reliable peer-to-peer lending, aiming to expand it to new...

Token sale ended

3.3
Hype2.0
Security4.0
Team3.0
Vision4.0
  • Token: GIS
  • Price: 20,000 GIS = 1 ETH
  • ICO start: 25 Feb 2018
  • ICO end: 30 Apr 2018
  • Country: Cayman Islands
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GISC LoanCoin Network is a utility token based lending and borrowing platform that allows users to leverage their blockchain assets to secure cash loans. The network is optimal for P2P and B2B credit financing on a global scale. With multiple years of experience in the structured finance industry, our agent network of partners along with successfully operating lending and servicing business will be the driving force of GISC blockchain lending platform. Our platform will support P2P and P2B lending without intermediaries, working with cryptocurrencies alongside fiat currencies. We are building a platform for the safe, transparent and reliable peer-to-peer lending, aiming to expand it to new markets and transform it to a blockchain financial institution with additional services over time. The GISC Platform is to be automated, efficient, and cryptographically secure. The system is designed such that, if you have a crypto asset you want to hold onto, you can borrow against the asset for liquidity, regardless of credit history or geographic constraints. It offers a solution to the problem many consumers face when they need or want cash to make a purchase, but do not wish to liquidate their assets. Instead of selling, GISC enables the users of the GISC LoanCoin Network (GLN) to leverage the value of certain digital assets with loans from other users or direct from GISC, thereby giving them access to fiat, avoiding excessive fees and maintaining their long position in the asset they hold; all in a single E-wallet and eventually deliverable onto a Prepaid Visa or MasterCard.

Many holders of cryptocurrencies may want to maintain ownership of their coins for long term appreciation instead of selling to invests in loans with a fixed return. GISC Direct loans seeks to solve that by providing Libor rate loans to network users against their coins to provide liquidity to invest on the network in P2P, B2B, and Packaged loans while maintaining the ability to receive their coins back at the end of the loan terms for the GISC Direct loan and the network listed loan in which they invested in simultaneously.

Users with fiat or crypto currency may utilized the GISC LoanCoin Network using GIS tokens to lend or borrow between other users by logging in (to E-Wallet) and entering their request. The loan request is made available to all users on the network and can be executed by smartcontract by qualified users with or without a GISC Direct loan. All loans originated by GISC
Direct are for conversion to GIS and must be used to execute a GLN listed loan. Fiat users may also use an Exchange to convert to GIS and deposit onto their E-wallet.

GISC Direct accepts the coins and then calculates a loan-to-value (LTV) ratio and fixed interest rate based on Libor for users and extends GIS to the GLN coin based lender which is then employed in a smart contract to the P2P, B2B, or Packaged loan borrower. Without the use of GISC Direct the function lets the lenders wallet extend GIS through the GLN which is then employed in a smart contract to the P2P, B2B, or Packaged loan borrower.

 

GISC LoanCoin Network

GISC LoanCoin Network Stage 4 Crowdfunding has begun!! To buy tokens: www.giscloancoin.io 25% Bonus tokens #Democratization #AltcoinLoans

Posted by Global Investment Services Corp. on Monday, January 15, 2018

Team

Bill Biddle

CFO Co-Founder

Kevin Gray

Director of GIS Corporation

Advisors

Partners & Investors

Milestones

  • August 2017
    Pre-Sale, Stage 1 Product development
  • September 2017
    Stage 2 Coin based lending development.
  • November 2017
    Coin Based lending on BTC BCH ETH LITE introduced
  • December 2017
    GLN platform Development, Partnerships and Advisors
  • February 2018
    Stage 3 Private Sale to Network Users
  • March 2018
    TGE authorization
  • April 2018
    Stage 4 Public Sale of unsold tokens, Network Marketing, installation and E-Wallet Testing
  • May 2018
    P2P and [email protected] platforms open for lenders and borrowers enrollment
  • June 2018
    Micro loans extended
  • August 2018
    Addition of service providers and Virtual Wallet Debit Cards

Token

  • Platform: Ethereum
  • Price: 20,000 GIS = 1 ETH
  • Accepting: ETH, BTC
  • Token distribution: 45% - TGE Stage 3 private 30% - Network Bootstrapping 25% - Fund Provisions

Proof Points
4/5

Legal entity

Global Investment Services Corp HA-321933  – http://www.lei-lookup.com

 

Prehistory of project

2017 – stage 1-2 done:
https://crypto.giscorponline.com/

Based on the roadmap, the following was done:

1. Coin based lending development

2. Coin Based lending on BTC BCH ETH LITE introduced

3. GLN platform Development, Partnerships and Advisors

 

 

Product or its MVP

MVP not ready, expected in May

No other MVP information were found.

Blockchain experience

Mike Bishop JD:

Advisor at  https://www.flashmoni.io

Advisor at https://covesting.io

 

 

 

 

Escrow

No escrow information found

Comments

Update: 18.02.2018

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