CORL Token

CORL Financial Technologies believes that entrepreneurs should have access to the capital they need to successfully grow their company at their own pace, on their own terms. By these a promising project with the partnership of POLYMATH an active business emerge now in the market called CORL Token. CORL token is emerging to the crypto space as one of among the list of security tokens.Where revenue sharing will apply. Revenue-sharing investments are a type of funding whereby investors inject capital into a company in return for a percentage of its revenue, typically 2–10%. It offers to companies the boosting growth capital, hiring employees, product development, market expansion, and more.

Credits to: https://www.youtube.com/channel/UC8WW74wmTyc4dEmx8FZ_2mg

Security tokens are crypto tokens that derives its value from an external and tradable assets.

Credits to: http://strategiccoin.com/ico-101-utility-tokens-vs-security-tokens/

The CORL token is claiming that is a legally equivalent to a Class B share. Making Corl the world’s first company to issue 100% of its equity ownership as a digital token. Class A shares ont the other hand will be retained by the founders, advisors, employees, and early investors of Corl. It’s structure was designed such that the day to day operations can be effectively managed by the Corl team, whereas token holders have the right to ownership and dividends.

The Corl platform aims to serve both sides of the market the company and the investors. Corl platform represents the application portal to apply for funding, manage disbursements, and and by using the power of blockchain technology it can track payments.

Companies apply for funding directly on the Corl business platform. The application process is straightforward and takes under 10 minutes to complete. To maximize the user experience, as well as ensure the completeness and accuracy of information collected during the application process, companies authorize Corl to connect to their payment gateways, accounting systems, and banking data. While most lenders focus on an owner’s credit history and static financial information made available at the time of application, Corl relies on dynamic financial information and alternative sources of data, including social profile information where available. This data is mined, analyzed, and modelled to determine the creditworthiness and growth potential of the companies.

The overall objective of this process is to maximally leverage data to measure the credit and investment risk of companies that have requested funding. Based on this qualitative risk assessment, Corl can determine whether a company meets minimum eligibility requirements for funding.

At the end of the application process, companies will be provided with a pre-approval decision for funding. All pre-approved applicants will be subject to a stringent due diligence and review process prior to any commitment of funds. This involves a qualitative risk assessment, which includes an investigative analysis on the founders, company structure, business plan, financial projections, market, and product. Together, the quantitative and qualitative risk assessment establishes whether a 13 company is approved for funding. Risk-based pricing is used to determine the contractual terms of the investment, notably the Principal Amount, Revenue Rate, and Repayment Cap. The time period from application to funding could take up to 2 weeks, and will be reduced over time as more automation is integrated into the system. Once funds have been committed to an approved company, revenue is calculated on a monthly basis directly from the company’s accounting systems, and payment is automatically collected from the company’s bank account using a pre-authorized debit transaction.7 After funding, companies can access the Corl business platform to review investment terms, manage disbursements, make prepayments, request additional funding, and track their investment history.

INVESTOR PLATFORM

It represents the portal through which investors can purchase, manage, and analyze their investments. As an investor, registration on the platform is a simple process that begins with providing personal information, an Ethereum address, and documentation necessary for verifying identity, such as a copy of a government issued ID and proof of physical address. In addition, each investor must complete a suitability assessment that helps Corl establish the risk appetite, tolerance, and accreditation status of the investor. This information is encrypted and sent to an authorized third-party provider for formal identity verification and storage on an investor whitelist. On the whitelist, there are three types of investors:

Non-Eligible or Retail: Limits annual investment contribution to $2,500 USD. Does not require any income or net worth criteria.

Eligible: Limits annual investment contribution to $10,000 USD. Requires proof of income over $75,000 USD per year, $400,000 USD net worth, or some variation of that.

Accredited: No contribution limit. Requires proof of either $200,000 USD annual income or $5,000,000 USD net worth.

This categorization ensures that all registered members on the platform are screened and comply with Know-Your-Customer (KYC), Anti-Money Laundering (AML), CounterTerrorist Financing (CTF), and additional securities laws requirements. Once formally verified, the investor has the ability to send Ether to the Corl smart address directly from the platform. The smart contract recognizes the public address, timing, and amount of funds that were sent, and cross-references this information against the set of all registered addresses stored on the investor whitelist. This establishes whether the transaction should be authorized according to the investors accreditation status and limits. If authorized, the registered investor will receive CRL tokens to their Ethereum public address, otherwise the transaction will fail. The investor platform has utility beyond the token sale period. Core to our philosophy, Corl believes in being a fully transparent blockchain company. Accordingly, registered investors will be able to access the platform to monitor the performance of Corl through insights into its investment portfolio, portfolio companies, investment performance, audited financial statements, and any relevant disclosures for investors. In addition, the platform serves as a token explorer where investors can visualize the value of their ownership, history of dividend payouts, and personal investment performance. To enhance the functionality of the platform, Corl will be developing a portal into the decentralized network using the 0x protocol, to facilitate the reallocation of CRL amongst whitelisted token holders.

Profit Distribution Investors are rewarded with 10% of quarterly net profits. These quarterly profits will be equally distributed over the number of outstanding tokens and sent to the public keys of record, where the tokens are stored. Since the dividend rate will be equivalent for all token holders, holders with a larger share of tokens will collect a higher share of the returns. In the event of a quarterly loss (i.e. the net income for the quarter is negative), no dividend distribution will occur. All dividends will be paid in the CAD-equivalent amount of Ether (ETH) at the time of the dividend payout, corresponding to the last day of January, April, July, and October.

CORL is accepting registration for early access now please click on this link:

https://corl.io/

To know more about CORL read their whitepaper:

https://drive.google.com/file/d/15tCGMfR07rOdyFojiupJtWqb4TXfWugN/view

Join CORL telegram:

Corl

https://t.me/corltoken

Here’s for the Airdrop program:

https://corl.io/airdrop/

CORL also offers bounty program click on this link:

https://bitcointalk.org/index.php?topic=2876865.msg29553585#msg29553585

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