ICO listing: Gelios ICO

gelios ico

Gelios is global P2P lending platform.. Gelios ICO rating – not rated.

ICO Gelios Visit Gelios ICO site

Ended ICO : 13/03/18 – 12/04/18

ICO rating

web site Gelios
web site Gelios
web site Gelios
web site Gelios
web site Gelios
web site Gelios

About Gelios ICO (token sale)

Gelios is a cryptocurrency lending marketplace. The mission of the Gelios platform is to provide a whole new level of flexibility to the lending industry. Gelios utilizes a decentralized credit bureau built using the Hyperledger Fabric blockchain infrastructure to allow people from all over the world to receive capital.

This capital may be used for various purposes. These may include personal finance, SME financing, or long-term loans. Gelios ICO aims to provide a “pure platform” approach, that enables different parties to interact, communicate. This approach will lead to synergy in work and a better credit process.

The main operative function of the Gelios ICO platform is to bring potential creditors and borrowers together by way of a matching mechanism. This mechanism helps both parties reach a consensus on the period of the loan, the interest rate, and the identification and validation procedure. This will make the borrowing process fast, easy, and available online to anyone, anywhere.

The key elements of Gelios ecosystem are:

  1. A decentralized credit bureau, built using the Hyperledger Fabric blockchain infrastructure.
  2. A user-friendly mobile application and web portal.
  3. The Gelios token.
  4. The KYC-marketplace.
  5. A marketplace for risk-algorithms.

How the blockchain makes the lending process more flexible:

  1. By being accessible to everyone. Each and every risk-analyst on the platform is able to download the desktop application, which enables them to access impersonal information about the loans. He or she may create his or her own algorithm, and may submit it to the platform so that lenders may choose it. The algorithm will enable lenders to be matched with borrowers at a reduced risk of loan default.
  2. Unlike traditional lending platforms, the risk-analyst has the ability to choose a KYC provider from the Gelios marketplace, making sure that the selected method of identification is suitable to the borrowers’ geographic location.
  3. Risk-analysts may choose the most suitable KYC provider for the “profile” of their risk-algorithm. If the profile is a riskier one, the KYC process identification may include video stream. If the risk level is lower, a more conservative approach can be taken. In these cases, governmental methods of identification may be used, or a face-to-face meeting may be set as a requirement for the loan.
  4. At the end of the day, lenders have a lot of different risk algorithms to choose from, depending on their openness to risk and expectations regarding yield. As statistics about each risk-algorithm, borrower, and KYC provider get recorded into blockchain, participants are given added security, ensuring that they see the real track record of other users.

Token Sale and ICO

  • The Pre-ICO stage with begin on January 21st 2018 PST 00.00. Overall, 1,000,000 tokens will be distributed, at a cost of 1 USD in Ethereum per token. A 30% bonus will be available at this stage. If the hardcap is not reached all unsold tokens will be burnt.
  • The soft cap during the pre-ICO is set at $150,000. If the hard cap is not reached, the remain-ing tokens from this stage will be burnt. The pre-ICO will end on February 21st if all the tokens are sold. The minimum investment at this stage is set at $50 in Ethereum equivalent.
  • The first stage of the ICO will begin on March 13st. 500000 tokens will be distributed with a 20% bonus. This stage will last for 15 days, until March 27th, at 23.59 PST, so long as 500,000 tokens have been sold. If this is not the case, the remaining tokens will be burnt. The minimum investment at this stage is set at $500 in Ethereum equivalent.
  • The second stage of the ICO will begin on March 28th. 750,000 tokens will be distributed with a 15% bonus. This stage will last for 15 days, until April 11th, at 23.59 PST, so long as 750,000 tokens have been sold. If this is not the case, the remaining tokens will be burnt. The minimum investment at this stage is set at $200 in Ethereum equivalent.
  • The third stage of the ICO will begin on April 12th. 750,000 tokens will be distributed with a 15% bonus. This stage will last for 15 days, until April 26th, at 23.59 PST, so long as 750,000 tokens have been sold. If this is not the case, the remaining tokens will be burnt. The minimum investment at this stage is set at $50 in Ethereum equivalent.
  • The fourth stage of the ICO will begin on April 27th. 5,000,000 tokens will be distributed with no bonus available. This stage will last for 15 days, until May 11th, at 23.59 PST, so long as 5,000,000 tokens have been sold. If this is not the case, the remaining tokens will be burnt. The minimum investment at this stage is set at $50 in Ethereum equivalent.
  • Gelios token will be listed at least at 3 exchanges in one month after the end of ICO.