Read on Twitter
Thread on @CrescoFinSA offering insured interest-bearing deposit accounts on chain, with higher rates than in a bank. https://crescofin.ch
Product $wCRES:
- APY EUR 1.5%, USD 3%, CHF 1%. Soon DAI, USDC, EURS, XCHF
- No minimum amount. Paid every 30 days. Redeemable with 30 days notice
- Insured through the Lloyd's market in London
- Non-custodial accounts
- Market: Deposits 60.5T
- APY EUR 1.5%, USD 3%, CHF 1%. Soon DAI, USDC, EURS, XCHF
- No minimum amount. Paid every 30 days. Redeemable with 30 days notice
- Insured through the Lloyd's market in London
- Non-custodial accounts
- Market: Deposits 60.5T
Company @CrescoFinSA #1:
- no outside investors, no special deals
- become owner. Buy Equity token wCRES or CRES (w KYC and dividends and voting)
- revenue: the difference between the interest rate paid to depositors and the productive use of these funds. Projected for 2021: 30M
- no outside investors, no special deals
- become owner. Buy Equity token wCRES or CRES (w KYC and dividends and voting)
- revenue: the difference between the interest rate paid to depositors and the productive use of these funds. Projected for 2021: 30M
Company @CrescoFinSA #2:
- holds approximately 50% of the treasury in BTC
- 10% of profits to charity
- Target valuation >$1 billion within 1 year
- Intended move to community voting, DAO model over time
- holds approximately 50% of the treasury in BTC
- 10% of profits to charity
- Target valuation >$1 billion within 1 year
- Intended move to community voting, DAO model over time
First @CrescoFinSA:
- regulated company on DODO Exchange and Balancer
- company equity token offered on DODO Exchange and Balancer
- DeFi product with an ISIN securities code
- DeFi product quoted on the Bloomberg Terminal
- regulated company on DODO Exchange and Balancer
- company equity token offered on DODO Exchange and Balancer
- DeFi product with an ISIN securities code
- DeFi product quoted on the Bloomberg Terminal
Roadmap @CrescoFinSA $wCRES :
- Anchor to Ethereum
- Open to the DeFi ecosystem: deposit stablecoins, use liquidity pools as collateral
- Replace banking with code: on-chain insurance, allow other DeFi produccts to partcipate in the CrescoFin ecosystem
- CrescoFin DAO on Ethereum
- Anchor to Ethereum
- Open to the DeFi ecosystem: deposit stablecoins, use liquidity pools as collateral
- Replace banking with code: on-chain insurance, allow other DeFi produccts to partcipate in the CrescoFin ecosystem
- CrescoFin DAO on Ethereum
Founders @CrescoFinSA :
- Derek Mayne: engineer & entrepreneur, FX, Financing
- Robert Sharratt @res_crescofin: former investment banker, M&A, large financings, credit analysis
- Derek Mayne: engineer & entrepreneur, FX, Financing
- Robert Sharratt @res_crescofin: former investment banker, M&A, large financings, credit analysis
Advisors @CrescoFinSA:
- @StaniKulechov , @TheCryptoDog , Damian Horern, @cyrillapinte , @Diane_0320 , @RyanSAdams , @TrustlessState , @davidgokhshtein
- @StaniKulechov , @TheCryptoDog , Damian Horern, @cyrillapinte , @Diane_0320 , @RyanSAdams , @TrustlessState , @davidgokhshtein
Summary: SOLID! #wCRES now at $6.8 or <$5
