On the day when I received my first salary, I was in a joyous mood to party with my friends but a sharp advice from my father awoke me, "Start saving as well!"
And the obvious question, "Where? I am all unaware!" The question was stuffed in the back of my mind with the celebration mode on. Parents advise you to save in banks while advertisements tell you to invest in funds. I was always wary of using internet banking and mobile wallets due to the set of discrepancies and frauds they brought along. Like me, there are millions of people out there who have an access to the internet and use mobile phones. But their digital accounts are used only to make transfers to peers; or else, deposit and withdraw the same amount or make purchases. Hardly, 2% of people around the world use mobile accounts out of which 12% of the people are from Africa. Similar is the case with other developing countries where the financial sector is highly volatile, banking services are limited and the majority of the events are transacted in cash. But financial inclusion through one's phone is increasing at a fast pace. People use several kinds of digital wallets and debit cards to make payments but the idea is far from being a full-fledged mode of payment. The team behind developing Ceyron as the world's leading globally accepted cryptocurrency has put its stake high on the amalgamation of the two concepts together - financial sector and blockchain technology. They have researched deep down into the global financial stats, and user habits related to payments and cryptocurrencies and come up with a solution for payment as well as growth.
Ceyron.io will be a cryptocurrency-based investment platform with a cryptocurrency trading terminal, debit card capabilities, and offering tokens backed by secured credit assets.
It hopes to disrupt to different spheres and bring them together - cryptocurrency and financial services. The platform will revolve around the Ceyron token that will offer a host of benefits to its holders:
- Non-voting equity shares in Ceyron finance limited.
- Digital tokens with beneficial ownership interests sans rights in the management
- Holders will be liable to dividends based on the decision of the company
- Designed for sophisticated investors
- Participation in the fund to be conducted through the CEY token.
To talk of the company, Ceylon Finance Sarl (CFS) or 'the fund' is a limited liability company wholly owned by Ceyron finance limited.
The fund will be managed by Columbus Investment Management Limited, British Virgin Island. The fund manager will be responsible for its operations and be managing all its assets, liabilities and operations. The fund will further initiate investment in similar investments to garner returns.
Ceyron solves several issues in securities distribution market:-
High Volatility: Cryptocurrencies have shown about 20% to 50% swing in their valuation within days as they are not backed by any collaterals.
CFL minimizes this issue by supporting its value through a portfolio of secured credit assets.
Slow liquidity: a week may lapse before a transaction is executed.
Blockchain solves this issue by providing greater safety, integrity, security, and transparency. This would help in lowering the transaction costs and speeding up the transactions.
Lack of transparency : most cryptocurrencies have least minimum compliance and regulations. Through annual audits and quarterly reports, CFL will enhance transparency.
Non-fungibility of the token as a mode of payment. Through several strategic alliances like Coinfirm.io, Ambisafe, Loyal Bank CFL will provide debit cards that would be globally accepted and will allow customers to pay with cryptocurrency using cards.
The platform will allow for tapping the 160 million USD huge market of cryptocurrencies.
Blockchain as an immutable ledger, Smart contracts, and Ethereum will further enhance the credibility.
CEY token and ICO details:
The token will intend to provide the holders with a dividend in future. Also, 85% of the proceeds from ICO will be invested in credit assets. Leveraging of the credit portfolio will be done by providing the holder with a credit surety bond.
CEY token is built on Ethereum platform. Payments will be accepted in BTC, ETH, LTC, and USD. The price of I Token will be 1 USD.
The number of tokens for sale would be 250,000,000. The soft cap is fixed at 2,000,000 USD while the hard cap is fixed at 45,000,000 USD.
The presale began on February 16 and ended on March 15, 2018. The token sale will begin from March 16, 2018.
Concluding Verdict:
CEY as a token would be highly empowering to the investors because of not just the returns but also of their all-pervasiveness and acceptance through this media.
CFL intends to balance the risk between the risk profile of a typical bank at 8% and that of an unlevered hedge fund at 11%.
It will grant the holders with credibility, ease of transaction, global acceptability through cards and multiple cryptocurrencies, credit and loans and many more.
The claims so talked of makes the deal all the more lucrative for investors. Also, pooling if financial and crypto clientele will boost its popularity and its subsequent success.
For more details visit:
Website: https://ceyron.io/
Whitepaper: https://ceyron.io/wp-content/uploads/2018/02/White-Paper-ICO-CEY-Token-UPDATED31012018.pdf
Telegram: https://web.telegram.org/#/im?p=s1330958688_363297371186602856
Blog by: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391