CEYRON (THE WORLD’S LEADING GLOBALLY ACCEPTED CRYPTOCURRENCY)

iamadebolaji (9)in #ceyron • 6 years ago

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. CEY Tokens will enable industry leading foreign exchange rates and asset management with a portfolio of secured creditassets, insured, and robust returns translating into increased stability for investors. Ceyron is here to offer you one of the only private security tokens representing an equity portion of Ceyron with the intent to offer security, transparency and dividends.

OBJECTIVE

The objective 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.

PROBLEMS

Low banking rate: According to experts, more than 2.5 billion people with low- income and/or middle-income are not linked to a bank. The traditional agency model easily meets the needs of the poorest. And it no longer fully meets the requirements of banks.
Highly competitive market: 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. This increased competition means consumers have more options. Some subscribe to two or three services simultaneously. This competition inevitably pushes providers to continuously improve their value proposition and the quality of their services if they want to win and retain customers
Very low use rates: Africa is the world leader in the field of mobile money accounts 2% of adults hold a mobile money account in the world, 12% of holders are in Africa. Financial inclusion, if still insufficient, is improving rapidly. Each year the number of open mobile money accounts increased by over 40% on average. By 2020, the number of Africans with discretionary income - nearly 450 million people - will be comparable, if not superior to that of Western Europe with an average growth rate of 20% annually. In 2020, there will be nearly 800 million people who have a mobile money account. Resulting in the potential of almost 10 billion transactions per day valued at nearly $135 billion dollars in 2020.
A timid break through bank card: 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
Lack of secure and non secure credit for credit applicants: In Africa, there is a lack of credit available for most applicants. CFL has the intention to resolve this issue. More specifically, the dividends distributed to CEY token holders will enable them to be eligible for credit because the dividends could be considered as one source of income.
Lack of steady and sustainable income for credit applicants: In Africa, there is a lack of steady and sustainable income when it comes to credit applications.

SOLUTION

CFL Credit Portfolio: The Fund will be managed by Colombus Investment Management Ltd. The primary assets are credit assets purchased from non-bank originators. The assets range from mortgages, second lien mortgages, real estate bridge loans, auto loans, equipment loans and leases, commercial mortgage loans, asset based loans, and factoring contracts. The non-bank financial institutions originate the credit assets and will generally retain all servicing responsibilities. The Fund will purchase the credit assets from time to time, either in pools, discrete whole loans, or participations in whole loans. The typical originator will continue to be the primary servicer of the credit assets originated, charging the buyers of the credit assets a nominal servicing fee for performing the billing and collecting function, as well as doing any special servicing in the event of a default to ensure the loans are current and fully repaid.
CEY Card: 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 are between 2.75% - 2.99%.

Thank you for reading.

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