iP2PGlobal Cryptocurrency Financing Platform aims to re-shape personal financing by introducing Sharia compliant financing products to individuals worldwide. Offering the first unsecured crypto financing product, the platform will also feature a single global benchmark rates for fair loan pricing, compensation fund to cover default risks, full KYC & AML compliance and proper e-lending legal documentation in order to enforce debt collectibility, furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage. TWQ Token, an ERC20 token, is the platform’s system token. Borrowers will have to stake a certain number of TWQ Tokens when applying for personal financing on the iP2PGlobal platform. The TWQ Token is reusable and will be returned to the Borrower in the event of a successful loan repayment.
Target start date for development of IP2PGlobal P2P Platform
April 2020
Source, negotiate with 3rd party platform partners: I) credit scoring provider, II) KYC verification provider
May 2020
Target completion date for the Alpha version of the IP2PGlobal Platform
June 2020
Integration of 3rd party credit scoring & verification providers APIs in the IP2PGlobal Platform
July 2020
Target date to complete the beta version and start of testing by 3rd parties
August 2020
Target launch date of IP2PGlobal Platform with secured financing product
Q4 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
Q2 2021
Start development of behavioral learning software to integrate with our own credit scoring model
Q3 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