Getting to Know Compass GN Wider

WHAT IS COMPASS GN?

Compass GN is a peer-to-peer lending platform for Cryptocurrency-Backed Loans ™. Investors invest money in a pool at a certain interest rate with the amount invested supported by the Compass token (GNOME). The amount invested is then paid to the borrower. The borrower pays the loan (principal plus interest) back to the creditor. All transactions are verified and distributed in Ethereal Blockchain.

For borrowers

The borrower will enter by entering a username, password and profile page. They also have the option to login through their Facebook account, allowing GN Compass to connect and get basic information from their Facebook profile.

Once the borrower completes his profile and all necessary documents have been submitted and processed, the risk assessment is performed and the borrower accepts the risk classification. The loan amount will range from $ 1,000.00 to a maximum of $ 5 0.0,0,0,0 with an interest rate of 3.99% to 11.99%. If their risk classification matches our parameters, they can continue to implement it. If their risk classification is beyond our parameters, they refuse and should be sent back within three months.

The approved borrower will complete the loan application (also called smart contract), which will ask how much they want to borrow, the loan period (eg six months, one year, three years, etc.) and the loan repayment cycle (for example, to withdraw withdrawals automatically). receive their account on a certain day per month). Loan demand is sent to several other loan demands with the same credit worthiness as investor money finances the loan.

The borrower is obliged to pay the loan balance insurance. The amount of insurance is the percentage of your outstanding balance. The percentage is determined by the risk rating of the borrower.
How it works

For investors

Investors are quite adaptable and create profiles and investment portfolios. On pages with investment portfolios, investors are asked about their investment objectives, such as retirement planning, the desired payment cycle (for example to request payment of money back into their account on a certain day per month). They enter the amount they are looking for and the interest rate they want to receive plus the duration of time they want to invest.

Once the profile is completed and Investors are satisfied with their investment institutions, they must add their bank details to a secure payment system. From there, the investor assigns a secured digital wallet to his bank account where all transfers and payments are made. Investor investment is then sent to the borrowing pool to finance the loan. When the loan is repaid, the GNCT that supports the loan will be adjusted.
Benefits of the GN Compass
For the capitalist

Investment protection: loans supported by GNCT. intensive investor valuation method. Loan Liquidity: all loan portfolios or loan elements are often sold out. Receive higher interest rates than some of the ancient investment instruments. Transparency: All ar transactions are verified and registered within the Ethereal block and are always created and searchable. Advanced investment analysis tools that track your investment to ensure that your investment objectives are met.
For the borrower.

A complete image credit profile that does not merely come up with credit scores and financial benefits. Ability to increase trust by creating timely payments. Lower interest rates compared to flash loans and high interest loans. versatile compensation requirements (between 3 months and 3 years). and simple usage: You will use your mobile device to request loans from the convenience of your bank and receive cash ten times faster than bank loans. Transparency: All transactions are verified and registered within the Ethereal block and can be searched anytime and anywhere.
TOKENVERDELING

Total ERC20 tokens made ar one, 000,000,000 GNCT. Worth $ zero.14 for one GNCT.

20% or 200,000,000 GNCT is reserved for pre-sales and ICO offerings (Initial Bids) - 10% or 100,000,000 GNCT is lowered to pay bonuses. 60% are reserved to support capitalist funds on the compass platform.10 where there is reserve control.

BONUS