On July 11, the founders of the Suretly Russian Sovereign Exchange Launch ICO, during which they plan to raise up to $ 10 million. Singapore Investment Fund, which owns the right to purchase 15% of Suretly shares, organizes the Crowdsdale.
The proceeds from the sale of tokens will be used by the company to enter new countries and markets, primarily the US market.
It is reported that the initial price of 1 SUR-token in the ICO will be 0.1 ETH (or equivalent in BTC). In addition, in the first hour of the crowdsdale, participants will receive a 70% bonus.
SUR-tokens will be accepted in the Suretly application as a guarantee of suretyship. Details on participation in ICO Suretly can be found on the official website of the project.
Earlier, the Suretly exchange announced the release of three thousand chocolate souvenirs in the form of SUR-tokens. They were presented at the Money2020 exhibition in Copenhagen.
Let's remind, exchange Suretly allows users to earn on the commission, rendering paid services on a guarantee. At the same time loans are issued by the partners of the service - microfinance organizations, which offer their borrowers "Loans for general guarantee".
To get such a loan, borrowers need to find a few dozen guarantors, each of whom will take responsibility for repaying a small part of the loan in the event of default of the borrower. Suretly users act as "people's minds", which makes a decision on the issuance or refusal of a loan.
The main idea of the project is to correct the shortcomings of p2p-lending technology and offer the market a mass product for micro investment in loans to individuals, the so-called crowd-vouching.
At the moment, Suretly is focused on short-term loans, which allows users to record profits after 2-4 weeks from the date of the guarantee.
It is worth noting that in May 2017, the start-up Suretly was nominated for the prestigious international award Benzinga Fintech Awards.