Credible Network (PESA) - ICO Details
Credible Network ICO Summary
Credible Network is bringing blockchain solution in the Finance industry.
Their initial coin offering will be held from September 15, 2018 and investors will be able to buy it until November 15, 2018.
A total of 500,000,000 PESA will be created and 250,000,000 will be available during the coin offering.
PESA sale will be considered successful if their softcap of 5,000,000(USD) is reached. Please keep in mind that the sale could end before November 15, 2018 if the hardcap of 18,500,000(USD) is reached.
During Credible Network ICO, investors will be able to buy PESA at 0.09 USD per Coin/Token.
Get all the details about Credible Network below and on Credible Network Official ICO website
Credible Network Project Info
“Credible is the only global distributed ledger to store business credit data on the blockchain in a way that disrupts the incumbent credit bureaus and inefficient loan processes. And we’re doing this to solve the $5.2 trillion funding gap suffered by SMEs each year who struggle to gain credit because of a lack of trustworthy data.
How does it work?
Credible democratizes credit data ownership, putting it back into the hands of businesses. It’s credit data built to be open and accessible.
1) Data Collection – Businesses own their own data. They are incentivized to build strong credit histories as they share their business credit data on the blockchain.
2) Data Usage – Our ecosystem connects lenders, data providers, credit scorers, researchers & enterprises to contribute, verify and consume credit data.
3) Financial Marketplace – The Credible marketplace is open to purchase raw data, value added credit reports and loan provision facilitated by Trusted Escrow Agents (TEAs).
Credible has its own infrastructure, a blockchain network for public access, querying and data contribution. It is multi-country and will comprise a large number of nodes, each a Trusted Escrow Agent (TEA):
– Credible uses blockchain in a novel way to store cryptographically secured data
– Tendermint validators ensure Byzantine-fault tolerance across all nodes
– We adopt MongoDB as our storage layer in a noSQL database for large datasets
– Flexible JSON data models for hierarchy, classification and querying across credit data
Our code and design is and will always be open source and is shared on Github. We encourage collaboration and welcome suggestions to improve the design and flow of Credible.
SmartPesa is the team behind Credible. It is an experienced payments and agency banking FinTech which has been powering transactions for over 8,000 business owners in 5 countries since 2014. SmartPesa’s regulatory and standards compliant platform-as-a-service provides a range of financial services across the last mile in Emerging Markets. It can be deployed on-premises or in the cloud and supports international and local cards, wallets, APIs as well as cryptocurrencies.
Credible is the SmartPesa’s team 3rd Blockchain project after successfully rolling out CryptoPayments and CryptoATM which are part of the SmartPesa product suite. We see our role as developing the first wave of Credible, helping to add data and becoming the first TEA.
Credible Network ICO Details
Credible Network Stage Details
Pre-ICO/ Crowd Sale (PreICO - 15Aug2018 to 30Aug2018 & Crowd Sale - 15Sep2018 to 15Oct2018)
|Token for sale||250,000,000|
|Token Price||0.09 USD|