Start : 29th Jun 2019
End : 29th May 2020
The rapid advancement in Blockchain technology, opens up a host of possibilities to build a comprehensive financial services ecosystem in an open and transparent manner. Tapping on this technology, iP2PGlobal aims to introduce a global solution to provide affordable and accessible financing to borrowers and attractive risk-adjusted returns to lenders.
iP2PGlobal plans to develop a peer-to-peer ("P2P") financing platform using smart contracts and blockchain technology called iP2PGlobal Personal Financing Platform (hereinafter referred to as “iP2PGlobal Platform” or “Platform”). The iP2PGlobal Platform will bring together borrowers and lenders from all over the world and connects them on a single platform in a trusted, fast and easy manner.
The financing products offered over the platform is based on Sharia finance principles. Sharia finance principles mean prohibition of interest and usury, steering clear of uncertainty based transaction, avoiding gambling and avoiding investments in the production and selling of impure goods and goods of no use or no value. Sharia finance principles also relates closely to the concept of ‘Ethical Finance’ that emphasise the values of fairness, equality and morality in finance.
iP2PGlobal Platform will open up financing to a big Muslim population (estimated population of 2.18 billion(1), who wants to borrow and lend according to Sharia finance principles. However, although Sharia financing products are sought after by Muslims, this does not preclude or should deter non-Muslims from tapping onto the platform, iP2PGlobal Platform is open to everybody regardless of their gender, race or religion
. Two financing products, an unsecured and a secured personal financing products based on Tawarruq(2) contracts will initially be offered. In the future, we aim to add other financing products based on other Sharia financing contracts, such as Ar Rahnu and Musharakah(3) amongst others.
|Launch Pad||: Exmarkets|
|Price in ICO||: 1 TWQ = 0.10 USD|
|Tokens for sale||: 50,000,000|
|Country||: Cayman Islands|
|Restricted areas||: Cayman Islands, USA|
|Accepting||: ETH, BTC|
|Soft Cap||: 500,000 USD|
|Hard Cap||: 5,000,000 USD|
|Distributed in ICO||: 30%|