The cryptocurrency
market developed out of a perceived need for a decentralized finance. The
financial crisis of 2008 resulted in a deeply felt and widespread loss of faith
in the financial establishment. The decentralized and trust agnostic nature of
cryptocurrency gave people the tools to hold and transact unique digital goods
and their associated value without any centralized intermediary. It was
designed as a method for decentralized transactions with value held in scarce
digital goods. The total market for cryptocurrencies has grown past $160
billion USD in the last year. The emergence of major traditional financial
institutions participating in this market brings pressures across the cryptocurrency
world to comply with established financial infrastructure standards mitigating
volatility and making risk assessment easier for investors. The market for fiat
currency to cryptocurrency has only been operational for a few years. The CEY
Token is intended to offer investors exposure to a portfolio of other assets,
but also intends to offer unique liquidity to customers with existing or
desired exposure to crypto currency assets. CEY Token will be a cryptocurrency based
investment platform with a cryptocurrency trading terminal, debit card
capabilities, and offering tokens backed by secured credit assets. The platform
will enable industry leading foreign exchange rates and asset management with a
portfolio of secured credit assets, insured, and robust returns translating
into increased stability for investors https://ceyron.io. Blockchain
technology has the potential to provide greater integrity, safety, security,
and transparency. Therefore, CFL will use the blockchain to ensure immediate
transaction at low costs in hopes of providing greater liquidity for investors.
CFL is teaming up with a strategic partner to provide debit cards that will be
accepted worldwide, and will allow customers to pay with cryptocurrency through
traditional plastic debit cards.CFL seeks to minimize the volatility of the CEY
Token by supporting its value through a portfolio of secured credit
assets. This will yields to the
portfolio’s credit assets which will be then reinvested back into the portfolio
of credit assets to attempt to increase the underlying fundamental value of
each CEY Token. The platform also have a Fund’s investment objective, that is to
provide attractive returns on invested capital through a proprietary quantitative
approach to underwriting credit assets, to be provided by Colombus Investment
Management Ltd. The Fund will adhere to an investment strategy driven by data
science, in which machine learning within fully non parametric statistical
models are applied to the problem of expected gains in financial investments https://ceyron.io. Considering
Africa, the dynamism of the mobile phone was 130 million subscribers in 2005. In
2015, the number of mobile phone subscribers has risen to 900 million. The
mobile penetration rate is 85%. In 2020, there will be more than 1 billion
people with a mobile phone with 60% of those phones will be smart phones. This
benefits mobile banking. In 2015, nearly 200 million people had a mobile money
account. With an average growth rate of nearly 40% each year, in 2020, there
will be nearly 800 million people with a mobile money account. According to
experts, more than 2.5 billion people with low income and/or middle income are
not linked to a bank. The mobile money environment is increasingly competitive
in Africa. Over 75% of countries have the majority of services where mobile
money services were already available. Prepaid debit cards are used only for
shopping and services (rare) with POS. CEY token holders will have the
privilege to receive their annually dividend on their CFL card. In Africa,
there is a lack of credit available for most applicants. CFL has the intention
to resolve this issue through the dividends distributed to CEY token holders and
will enable them to be eligible for credit because the dividends could be
considered as one source of income. The CEY Card will be a physical, virtual,
and debit MasterCard with mobile application which will allow for the use of
twenty (20) foreign currencies from a single card. In the marketplace for
similar lifestyle cards, in addition to a per transaction fee, most cards
charge a percentage of the market rate of the spread of the currency exchange.
Customers who travel to multiple countries with various forms of currency
inevitably run into the “Cash Withdrawal Fee” and “Currency Transaction Fee.”
These charges are often a percentage of the transaction plus a flat fee,
industry-leading fees which are between 2.75% - 2.99%. Blockchain technology is
still young, but it has already proved its capability as an immutable ledger.
Bitcoin is a purely speculative token, and its value, much like diamonds or
gold, outside of industrial uses, is entirely driven by scarcity and the
guarantee for the holder that this good is unique and ready for transaction.
The technology allows firms to issue the equivalent of shares through an
initial coin offering, which is a smart contract that registers the equity
stake of every investor through the immutable ledger of the blockchain. The
smart contracts representing equity stakes or other forms of participation in
the project raising capital are distributed in the form of tokens, and offered
on a platform that investors can access from anywhere in the world https://ceyron.io. The CFL
approach to building a credit backed token is similar to the asset backed
securities, viewed today as some of the best quality and stable securities
investors can acquire, such as Residential Mortgage Backed Securities (RMBS) or
Commercial Real Estate Mortgage Backed securities (CMBS). CFL intends to lie
between the risk profile of a typical bank and the risk profile of a typical
hedge fund, with a target portfolio yield of between eight percent (8%) and
eleven percent (11%) on an unlevered basis. The Fund will own the portfolio of
loans and other credit assets, thereby, giving retail investors the ability to
participate in a diverse credit portfolio, much like an institutional investor
or private hedge fundhttps://ceyron.io. CFL will be
providing an Offering Memorandum that will be prepared solely for use by
prospective investors in CFL, to be issued by CFL. The Offering Memorandum will
be prepared in connection with a private offering to accredited investors,
individuals who will be required to verify their accredited investor status
through a questionnaire and other necessary documentation, and other
individuals globally who meet the requirements for participation in the
jurisdiction in which they reside. During the ICO Period, the Tokens will be
sold through the platform, Ceyron.io. The ICO will be conducted through an
online portal hosted by Ceyron.io.
Token
Symbol: CEY
Price Per Token: $1.0
USD per CEY token
Number of Tokens for Sale: 250,000,000
Start of Token Pre-Sale: February 16th 2018. 30%
End of Token Pre- Sale: March
15 2018
Start of Token Sale: March 16 2018
End of Token Sale: TBD
Currencies Accepted: BTC, ETH, LTC and USD
Discount Purchase
Amount Bonus Coin
USD
$ 500-1,000 = 10% Extra Coins
USD
$ 1,001-5,000 = 15% Extra Coins
USD
$ 5,001 – 15,000 = 20% Extra Coins
USD
$ 15,001 – 25,000 = 25% Extra Coins
USD
$ 25,001 – 50,000 = 30% Extra Coins
For more information please visit
Whitepaper: https://ceyron.io/wp-content/uploads/2018/02/White-Paper-ICO-CEY-Token-UPDATED31012018.pdf
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