In the last decade mobile banking and digital payments have emerged as one of the next big things that entirely revolutionised the banking system. Be it a third- party transfer, online shopping payments, or for that matter any digital transactions, have really made banking solutions far more faster and easier as compared to conventional banking and financial solutions. But, not everyone is able to access these technologies. Moreover, it is quite surprising to know that African and Asian countries, where there are highest smart mobile phone users in the world, only account for 5% of online transactions, that too for some limited kinds of payments. Because there are certain flaws prevalent in the system which needs to be curbed. Ceyron has come up with a smart and feasible solution to cater the financial and banking needs of every class of customers.
Introduction
Ceyron is a cryptocurrency- based investment platform which intends to bring together financial industry expertise and revolutionary blockchain technology. It is equipped with Cryptocurrency trading terminal, debit card capabilities backed by secured credit assets. It is going to disrupt financial services and cryptocurrency platform. The objective is to provide attractive returns on invested capital. It will also minimize the volatility associated with the issued tokens by supporting its value through a portfolio of secured credit assets. Since it is backed by blockchain technology, it will enable efficient liquidity for the investors. It is also planning to provide debit cards to its customers for the payment with cryptocurrency by using the traditional plastic cards which will be accepted worldwide.
Current problems
Experts have given stats which reveal that more than 2.5 billion people who are either low income class or middle-income class, are not linked to any bank. Therefore, they have to resort to unsafe financial services which are also impractical and expensive too. Also, these conventional financial services have very low levels of financial inclusion. Moreover, they have very low development means of payment. Studies show that digital transactions are not frequently used and more than 85% of trade is in cash. Less than half of African population who are registered customers use their mobile account every 90 days. The percentage is even lower when it comes to mobile shopping and card payments. Also, there is a lack of steady and sustainable income when it comes to credit applications.
Solution
The fund manager will approve the solvency and risk associated with platforms. It will also identify the credit profiles of originated assets from regulatory compliance on originators, volumes and other factors to qualify of management and servicing. The debit master card issued will be a physical and virtual one and it will have mobile applications. It ca be used for twenty foreign currencies from just single card. It will enable customers to save seventy percent of their fee. Also, it will not charge any amount for ATM withdrawals unlike other financial institutions. It will also contain additional functionality to transfer funds in any currency between merchants, as well as friends and family accounts, resulting in a zero percent (0%) money transfer fee. The company also plans to have a partner for expense management. The ultimate goal is to provide a convenience level to customers that is comparable to a debit account but without any maintenance fees.
Token Details
The Ceyron token is called as CEY token. It operates on Ethereum ERC-20 Platform. The price per token of CEY is $ 1.0 USD. The total number of tokens available for sale is 250,000,000. The start date and end date of token pre- sale are 16th Feb,2018 and 15th March 2018 respectively. The start date for token sale is 16th March, 2018. The end of token sale is 30th April 2018. The soft cap value is 2,000,000 USD and the hard cap value is 45,000,000 USD. The minimum investment amount is 10 USD. Exchange rate is 1 CEY= 1 USD
Conclusion
It is the subtle amalgamation of financial services and crypto currency platform backed by blockchain technology. It is going to serve millions and millions of people worldwide who do not get the right opportunity to transactions and digital platforms in their conventional financial system. The deep rooted existing problems of financial services will be automatically eradicated by this unique system of banking. People who do not have access to banking yet, will get a chance to have a bank account. So, undoubtedly it is a win-win situation for both the customers as well as the company. For investors, it is a million-dollar opportunity to invest in an idea, to invest in a platform where there is abundance of opportunities for maximum returns. It is going to revolutionise the entire financial services system with its one of a kind platform.
Website: https://ceyron.io/
Whitepaper: https://ceyron.io/wp-content/uploads/2018/02/White-Paper-ICO-CEY-Token-UPDATED31012018.pdf
Telegram: https://t.me/joinchat/HlFUXhLIUYQL88_NtoM4sA
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616