CEREAL - ICO
What is CEREAL?
Cereal is a platform that offers credit products secured by customer mining equipment, cryptocurrency, and other blockchain assets. Thanks to Cereal, borrowers do not need to sell their valuable blockchain assets to access paper money. Instead, they can secure their cryptoase as collateral, to receive cash for the purpose of covering their business expenses and living expenses. Cereal will keep its customers' guarantees in cold wallets, thus ensuring a high level of security and preventing malicious actors from gaining access to borrower assets. Cereal's has an automated solution to calculate the maximum loan eligible for the customer, and no need to check the client's credit score. This makes Cereal very convenient and hassle-free for borrowers.
Please see the video below:
The issues we solve
Credit products have always been a driver of market growth. They facilitate a faster rate of expansion for businesses that, on a large scale, contribute to improving living standards for consumers. However, in the cryptocurrency market, credit instruments are almost non-existent. Market participants do not have access to a convenient credit solution that can improve their business development - this slows the growth of infrastructure in the industry.
Credit products have always been a driver of market growth. They facilitate a faster rate of expansion for businesses that, on a large scale, contribute to improving living standards for consumers. However, in the cryptocurrency market, credit instruments are almost non-existent. Market participants do not have access to a convenient credit solution that can improve their business development - this slows the growth of infrastructure in the industry.
The cereal loan solution solves this problem. Subsequent improvements to the cryptocurrency market infrastructure will increase the rate of development within it, and help to achieve its potential.
Partnering with GigaWatt
To enable customers to borrow fiat money secured against mining equipment, Cereal partnered with GigaWatt - one of the largest mining facilities in the US. This partnership will assist customers who wish to enter into cryptocurrency mining but do not have adequate fiat assets to pay for mining equipment. These customers can access loans obtained from the mining equipment they purchase, thereby reducing the amount of fiat required to engage. Mining equipment will serve as collateral and will be located at the GigaWatt hosting facility, making money for them during the payment period and beyond. This service is planned to begin in July 2018.
an initial investment of $ 1,500
Net income 2 years without Cereal: $ 2475
initial investment $ 1500
2 year net income with leverage Cereal: $ 4513
To enable customers to borrow fiat money secured against mining equipment, Cereal partnered with GigaWatt - one of the largest mining facilities in the US. This partnership will assist customers who wish to enter into cryptocurrency mining but do not have adequate fiat assets to pay for mining equipment. These customers can access loans obtained from the mining equipment they purchase, thereby reducing the amount of fiat required to engage. Mining equipment will serve as collateral and will be located at the GigaWatt hosting facility, making money for them during the payment period and beyond. This service is planned to begin in July 2018.
an initial investment of $ 1,500
Net income 2 years without Cereal: $ 2475
initial investment $ 1500
2 year net income with leverage Cereal: $ 4513
Sales Token. Core information
- Token: Cereal (CRL)
- Official page for token sales: cereal.cryptonomos.com
- Personal sales period: April 15, 2018 - July 15, 2018
- Public sale period: July 15, 2018 - August 30, 2018
- Hard cap: $ 20 million
- Soft cap: $ 3 million
- Exchange rate: 1 ETH = 2000 CRL
- Purchase limit: minimum 0.1 ETH
- Possible method of payment: USD (only during pre-sale period closed), BTC, ETH, BCH, LTC, DASH, ZEC
Token distribution
- Token Sales - 62%
- Team - 10%
- Advisor - 5%
- Reserve - 20%
- Bounty - 3%
Distribution of funds
- Technology & platform - 30%
- Sales & marketing - 30%
- Loans - 30%
- Law - 5%
- Reserve - 5%
Road Map
Q4 2017
Q4 2017
- Development of concepts
- Build Team
- Ecosystem development begins
Q1 2018 - Partnered with Giga Watt
Q2 2018 - Sales Token
Q3 2018 - The pilot loan is secured by mining equipment (in partnership with Giga Watt)
Q4 2018 - The pilot loan is secured against BTC & ETH
Q1 2019 - Expansion to Asia
- Launch line of credit for corporate clients
Q2 2019 - Expansion to Europe
- 2013
Q3 credit card launch - Extended list of cryptocurrencies received
Q4 2019 - Expansion to US
Team
- Sergey Vart - CEO and co-founder
- Dmitriy Mikhaylov - COO
- Daniel Yavorovych - CTO
- Ilia Vorobiev - Head of Analysis
- Lusine Arsenian - Product Manager
- Daniel Luzhentsov - senior analyst
- Konstantin Koziar - Risk Manager
Counselor
- John R. Williams
- Dave Carlson
- Dmitri Betaneli
- Dauren Toleukhanov
- Eduard Gurinovich
- Kirill Smirnov
- Alexandre Kotcherguine
- Mikhail Shlemov
For more information, please CLICK LINKS below;
- Website: https://cereal.cryptonomos.com/
- White paper: https://cereal.cryptonomos.com/static/files/whitepaper_eng.pdf
- Telegram: https://t.me/cerealico
- Facebook: https://www.facebook.com/Cerealfinance-205095610298116
- Medium: https://medium.com/@cerealfinance
- Youtube: https://www.youtube.com/channel/UCEk8Jw3q9eb2LNonsBqLLEA?view_as=subscriber
- Twitter: https://twitter.com/cereal_finance
Author: maryatibtc
BTT Profile:
ETH: 0x20e8ce56DB99EC437BD8218Ab29595E4289eAC43
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