GN COMPASS - a borrowing system where investors and borrowers can exchange values.

April 03, 2018

GN COMPASS - a borrowing system where investors and borrowers can exchange values.

What is GN Compass?

People are lost in the current financial system. Let Great North Compass be your guide to creating value by utilizing blockchain technology.
GN Compass is a lending system where investors and borrowers can exchange values.
With our Cryptocurrency-Backed Loans ™, Kompas offers a good return on investment to investors plus additional security on all funds invested.

How it works

Investors only register and create their investment profile and portfolio. The investment portfolio page will ask Investors about their investment objectives such as pension plan G, the preferred payment cycle. Once the profile is completed and Investors are happy with their investment arrangements, they are then asked to add their banking information into a secure payment system. From there, Investors will be given a secure digital wallet attached to their bank account where all transfers and payments will be made. Investor's Investor will then be sent to the loan pool to fund the loan. When the loan is repaid, GNCT supports the loan will be adjusted.

Mission

Increase investment market by creating more liquidity in traditional non-liquid assets

For borrowers

The borrower will enter by entering a username, password and profile page. They also have the option to login through their Facebook account, allowing GN Compass to connect and get basic information from their Facebook profile.
After the borrower completes his profile and all necessary documents have been submitted and processed, the risk assessment is performed and the borrower accepts the risk classification. The loan amount will range from $ 1,000.00 to a maximum of $ 5,0,0,0,0 with an interest rate of 3.99% to 11.99%. If their risk classification matches our parameters, they can continue to implement it. If their risk classification is beyond our parameters, they refuse and should be sent back within three months.

Approved borrowers will complete loan applications (also called smart contracts), which will ask how much they want to borrow, loan period (eg six months, one year, three years, etc.) and loan repayment cycle (for example, to withdraw withdrawals automatically). accept their account on a certain day per month). A loan request is sent to several other loan requests with the same credit worthiness as the investor's money financing the loan.

The borrower is required to pay the loan balance insurance. The amount of insurance is the percentage of your outstanding balance. The percentage is determined by the risk rating of the borrower.

Mode of Operation For investors

Investors are quite adaptable and create investment profiles and portfolios. On pages with investment portfolios, investors are asked about their investment objectives, such as retirement planning, the desired payment cycle (for example to request payment of money back into their account on a given day per month). They enter the amount they are looking for and the interest rate they want to receive plus the length of time they want to invest.
Once the profile is completed and Investors are satisfied with their investment agency, they must add their bank details to the secure payment system. From there, the investor provides a secure digital wallet to his bank account where all transfers and payments are made. Investor investment is then sent to the borrowing pool to finance the loan. When the loan is repaid, the GNCT that supports the loan will be adjusted.

Reasons to Invest in Compass GN For the capitalist

Investment protection: loans supported by GNCT. intensive investor valuation method. Credit Liquidity: all loan portfolios or loan elements are often sold out. Get higher interest rates than some of the old investment instruments. Transparency: All transactions are verified and registered in the Ethereal block and are always created and searched. An advanced investment analysis tool that tracks your investment to ensure that your investment objectives are met.

For borrowers.

A complete image credit profile that not only generates credit scores and financial benefits. Ability to increase trust by making payments on time. Low interest rates compared to flash loans and high interest loans. versatile compensation requirements (between 3 months and 3 years). and simple usage: You will use your mobile device to request loans from the convenience of your bank and receive cash ten times faster than bank loans. Transparency: All transactions are verified and registered in the Ethereal block and can be searched anytime and anywhere.

ICO - token sale

Compass token sales (GNCT), ICO, will run from 29 January to 28 February 2018.
To opt-in for purchases, you need to visit the official website during this period.
The total number of ERC20 tokens will be 1,000,000,000 GNCT. Estimated cost will be $ 0.14 per 1 GNCT.
This site has a technical document (White Paper), which describes all the major technical aspects of the project. In Russia, this document is available at

TOKEN BENEFITS

-Token Buyer Protected With Anti-Scam System.
-Funds will be returned to contributors in case of failure to reach the target.
-Bonus Tokens for Early Buyers.
-Loans On The GN Compass Platform Will Only Be Supported By GNCT.
-Tokens Will Increase Values As Cryptocurrency-Backed ™ Loans Create Liquidity In The Loan Market.
-Investors Can Buy and Sell Loan-Supporting Loans Only in GNCT.
-GNCT is not only a token but also an integral part of the GN Compass platform.

BONUS

For proof of purchasePra-salesICO100,000 GNCT10% 5%
200,000 GNCT20% 10%
300,000 GNCT and above 30% 20%