Innovative invoice discounting platform for businesses and investors. Pcore ICO rating – 60
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PRE ICO Dates : 28/04/19 – 17/05/19
Roadmap: 6/10 Legal: 2/5 ICO terms: 2/5
Team: 13/20 Token applying: 4/5 Promotion: 12/20
About Pcore ICO (token sale)
Pcore ICO blockchain (distributed ledger) technology applies smart contracts to assign a unique fingerprint for every transaction. This makes it possible for businesses to automate their invoicing processes and take advantage of factoring services on the platform. Serving as a medium, Pcore ICO ensures the safety of all parties’ funds while supplying the market space for business conduction. Each account has a unique record, transparently shown for all participants. Thus, through transparency, credit worthiness can be established through the blockchain platform.
Pcore ICO is an end-to-end platform that will provide SMEs easy access to short-term financing by turning their accounts receivables into tradable assets. With a 24-hour turnaround available, the interest rates allow lenders to earn profits while sellers gain vitally important liquidity for their daily operations.
The Pcore ICO platform supports issuers, owners, and payers. Invoices can, therefore, be made available as a shared source of liquidity for factoring. Uploading the income date, lenders would have the option to choose the length of factoring and interest rate involved through smart contracts. Tokens would connect parties from around the globe, disregarding borders in the process.
However, only the firm itself or the recipient of the invoice can grant access to detailed financial data about a specific company or invoice. This enables real-time auditing to be conducted, improves the credit scoring process, and expedites credit approvals. Those companies with a positive credit history will attract lenders with more ease while incentives and will be available for use within their operations. The algorithm is based on companies XBRL data and risk scoring results.
Pcore ICO Roadmap
Taking into account business development, we planned out an Initial coin Offering (ICO) as a channel of funding to build the necessary infrastructure for the Pcore ICO invoice factoring platform. Using blockchain technology, we aim to build complete service and support teams that would carry out the necessary tasks of constructing, maintaining, and supporting the online marketplace.
The funds gained through the ICO would allow us to fund necessary operational activities, such as company offices, develop the trading platform, higher domestic and foreign professionals. At the starting stage, the only available currency shall be Pcore token, used for payments, fees, withdrawals, and deposits.
Should ICO commence successfully, the infrastructure would be developed within 2019, setting off the platform in a timely manner. Additionally, part of the pre-mined Pcore coins will serve as a reserve and bounty, while another portion will be held by the management team to ensure scaling opportunities.
As the market grows, we intend to list the token in external exchanges, to increase possible options for clients from around the globe. Thus, as a final stage, we intend to make core token tradable with any fiat currency in the world and attract top companies to trade invoices within our platform.