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About TWQ Token(TWQ)

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What problem does TWQ Token solve? (or: what human need does it satisfy?) and how exactly does it do so?

1. The IP2PGlobal Platform will be the first to offer unsecured crypto loans which there is none at this moment.

2. The loan will be priced using a single global benchmark rates that do not discriminate borrowers based on their country of residence.

3. A non-obligatory compensation fund will be made available to cover default risks.

4. Every borrower will have to undergo full KYC & AML compliance and proper e-lending legal documentation will be executed between borrower and lenders in order to enforce debt collectibility in the event of default.

5. Furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage.

How is the idea monetized? How do the token holders profit?

Borrowers will have to stake a certain number of TWQ Tokens when applying for financing on the IP2PGlobal platform. As the borrowing and lending activities in the platform increases this will also increase the demand for the TWQ Tokens.

Other Important Info

Since the P2P lending industry started in 2005, the global P2P lending industry has witnessed explosive growth with loan volume reaching US$419 billion volume in 2017 and expected to hit US$897 billion by 2024. On the other hand the crypto lending industry has originated over US$4.7 billion of loans since the market started in 2016. Both markets are expected to achieve further growth in the future, however, these past and future growth masked some critical issues, which are:

1. Localisation: P2P lending platform tends to pull borrowers and lenders from the same country, mainly due to familiarity, pricing and regulations.

2. Inefficient capital matching: localisation leads to inefficient distribution of capital between borrowers and lenders, since both parties are locked-in to the country benchmark savings & lending rates.

3. No unsecured crypto-lending: there are still NO unsecured crypto lending products because of issue of enforceability of smart contracts

Team

TWQ Token's team members.

Rashdan Ibrahim

Rashdan Ibrahim

Chief Executive Officer

Linkedin
Muhammad Radzi

Muhammad Radzi

Chief Operations Officer

Linkedin
Afdha Yusof

Afdha Yusof

Chief Marketing Officer

Linkedin
Derek Lee

Derek Lee

Head of Business Development

Linkedin
Azli Noor

Azli Noor

Head of Legal and Compliance

Linkedin
James Loy

James Loy

Head of Credit Risk Management

Linkedin

Roadmap


 
18th November 2019 1st round of IEO of TWQ commences
15th January 2020 2nd round of IEO TWQ commences (if required)
1st March 2020 Target start date for development of iP2PGlobal P2P Platform
1st April 2020 Source, negotiate with 3rd party platform partners: I) credit scoring provider II) KYC verification provider
31st May 2020 Target completion date for the Alpha version of the iP2PGlobal Platform
30th June 2020 Integration of 3rd party credit scoring & verification providers API's in the iP2PGlobal Platform
31st July 2020 Target date to complete the beta version and start of testing by 3rd parties
31st August 2020 Target launch date of iP2P Global platform with secured financing product
4th October 2020 Start launching unsecured financing product in Phase 1 countries, activities incl.: I) local company set-up process (if required) II) appointing local debt collections agency III) local marketing campaign
2nd Quarter 2021 Start development of behavioral learning software to integrate with our own credit scoring model
3rd Quarter 2021 Start launching unsecured financing product in Phase 2 & 3 countries, activities incl.: I) local company set-up process (if required) II) appointing local debt collections agency III) local marketing campaign
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Quick notes

Tokenomics

Token Info

Available tokens: 30% Price: 1 TWQ = $0.10 Soft Cap: $500,000 Hard Cap: $5,000,000 Buy with: ETH, BTC Platform: Ethereum Location: Cayman Islands Restricted: Cayman Islands, USA

Other Info

MVP/Prototype: Yes Escrow: Yes Category: Cryptocurrency

User ratings

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What problem does TWQ Token solve? (or: what human need does it satisfy?) and how exactly does it do so?

1. The IP2PGlobal Platform will be the first to offer unsecured crypto loans which there is none at this moment.

2. The loan will be priced using a single global benchmark rates that do not discriminate borrowers based on their country of residence.

3. A non-obligatory compensation fund will be made available to cover default risks.

4. Every borrower will have to undergo full KYC & AML compliance and proper e-lending legal documentation will be executed between borrower and lenders in order to enforce debt collectibility in the event of default.

5. Furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage.

How is the idea monetized? How do the token holders profit?

Borrowers will have to stake a certain number of TWQ Tokens when applying for financing on the IP2PGlobal platform. As the borrowing and lending activities in the platform increases this will also increase the demand for the TWQ Tokens.

Other Important Info

Since the P2P lending industry started in 2005, the global P2P lending industry has witnessed explosive growth with loan volume reaching US$419 billion volume in 2017 and expected to hit US$897 billion by 2024. On the other hand the crypto lending industry has originated over US$4.7 billion of loans since the market started in 2016. Both markets are expected to achieve further growth in the future, however, these past and future growth masked some critical issues, which are:

1. Localisation: P2P lending platform tends to pull borrowers and lenders from the same country, mainly due to familiarity, pricing and regulations.

2. Inefficient capital matching: localisation leads to inefficient distribution of capital between borrowers and lenders, since both parties are locked-in to the country benchmark savings & lending rates.

3. No unsecured crypto-lending: there are still NO unsecured crypto lending products because of issue of enforceability of smart contracts

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ICO Champs investors rating

Overall Rating

 
4

Hype

High

Profit Potential

High

Risk

Lowered