|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||March 13, 2018|
|End||April 12, 2018|
ICO description, Technical Details and Documents
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 aims to provide a “pure platform” approach, that enables different parties to interact, communicate by smart-contracts. This approach will lead to synergy in work and a better credit process. The main operative function of the Gelios 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.
* Crypto Rating accepts no liability for any errors in the Gelios ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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