Ripio raised $31M during private tokensale

Argentinian blockchain based start-up raised big money in a private tokensale
12 October

The Argentinean start-up Ripio attracted $ 31 million during the private sale of RCN tokens. This is reported by CoinDesk.

The founders of the project attract investments to create a network of Ripio Credit Network, which unites borrowers, creditors and guarantors. Borrowers and lenders interact through Ethereum-based RCN tokens, and the guarantor undertakes to provide sufficient volume of lending operations to predict return on investment, debt management in the borrower's country of residence and to receive money on the debt obligation in case of default.

During the pre-sale in Ripio, FBG Capital, Maple Ventures and Blacktower Capital invested. According to the developers, investors from all over the world showed interest in the project, including Russia, South Korea and Canada.

We are extremely excited, that our pre-sale campaign was supported by both leaders of the blockchain industry and individual investors from all over the world. Our goal is to widen financial inclusion by extending credit lending globally, and for implementing it we have to have supporters worldwide.
 

Sebastian Serrano
Co-founder and CEO, Ripio

The launch of Ripio Credit Network was announced in September this year. In January, the Argentine start-up, previously working under the name BitPagos, attracted $ 1.9 million in investment and get rebranded. Venture funds Huiyin Blockchain Venture, Boost VC, Digital Currency Group and Draper VC invested in the project.

Artificial intelligence platform for crypto-savings created

From this article you will learn how PECULIUM combines traditional savings, blockchain technology, cryptocurrency, and artificial intelligence to revolutionize savings management
15 December

As of April 2017, an estimated 11.5 million wallets are active. The average value stored in each wallet has increased significantly, driven by gradual mainstream adoption of crypto assets, and thus resulting in the higher market capitalization. The surge in the market capitalization has shown little to no intention of slowing down. With the help of smart-contracts over the Ethereum blockchain, PECULIUM provides transparent solutions for the investment of traditional savings in crypto-assets.

What is PECULIUM?

PECULIUM is the first Crypto-Savings platform that combines traditional savings, blockchain technology, cryptocurrency, and artificial intelligence. PECULIUM allows users to invest and grow traditional savings in cryptocurrency based projects. It operates transparently over the Ethereum blockchain by means of “smart contracts”. The Peculium platform secures the tokens in electronic wallets which are supervised by the blockchain - a network governed by computer algorithms. Another crucial key component of PECULIUM is the AIEVE

What is AIEVE?

AIEVE is PECULIUM’s own Artificial Intelligence engine powered by Automated Machine Learning. AIEVE is in its alpha stage of development with a Minimum Viable Product (MVP) on the horizon

peculium aievePECULIUM AIEVE

AIEVE features:

  • It gathers data from cryptocurrency exchanges, financial markets, and many other sources like social media including twitter, facebook, etc.
  • It analyzes massive data-streams in near-real time to predict the best investment opportunities in cryptocurrency markets and ICOs
  • It brings the power of big data analytics to the traditional savings, providing security as well as growth 
  • It advises clients or manages their investments via smart contracts
  • The strength of AIEVE lies in its AML algorithms and massive computational power. It utilizes these elements to process the data and analyze the targeted markets
  • Its analytical prowess, adaptability, and optimization are limitless as thanks to the unending data streams in today’s digital world, AIEVE keeps learning and improving

PECULIUM Token Sale Information

Peculium token allocationPECULIUM Token Allocation

  • Ticker: PCL
  • Sales dates: Pre-ICO. from Dec 17, 2017 to Dec 20, 2017
    ICO. from Dec 21, 2017 to Jan 24, 2018
  • Total number of tokens: 20 billion PCL
  • Token price: 1 PCL = €0,01
  • Soft cap: €7M
  • Hard cap: €200M
  • Accepted currencies: ETH, BTC

PECULIUM Products

  • ALTERUS - the end to end smart-contract designed specifically for large businesses
    and financial institutions, which provides greate control over saving-management parameters allowing financial institutions to appeal to brokers in delegation of management
  • SINGULUS - it allows calling brokers and partners for financial management, which enriches SINGULUS with the ability to self-manage as well as the flexibility to delegate
  • SOLIDUS - a contract designed specifically for the ICO investors, which allows them to benefit from all the premium features of the contract as well as the AIEVE's investment consulting completely free
Peculium alterusALTERUS Driven
peculium singulusSINGULUS Driven
peculium solidusSOLIDUS Driven
 

Documentation

  • Whitepaper
  • Business Model
  • Investment Opportunity
  • GitHub

More Information

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