For insurance companies to publish livestock insurance on CrossPay Blockchain, based on verifiable livestock assets on CrossPay Blockchain.
For local financing companies to publish loan agreements on CrossPay Blockchain, hedged on livestock collateral.
For local financing companies to use as collateral to borrow from overseas financing companies.
For overseas peer-to-peer lending and crowdfunding platforms to use the service of Sentinel Chain to provide financing for local financing companies.
For overseas donors to use the service of Sentinel Chain to fund the local community projects like humanitarian aid or disaster relief.
For token holders to use the service of CrossPay Blockchain to make electronic payments with local merchants.
The CrossPay Mobile application is a simple mobile interface built for Android. Specifically designed for the unbanked, it is ideal for use in pockets of local ecosystems.
Public Sale Date*
Proof-of-Support starts on
22nd February 2018
Proof-of-Support Ends On
26th February 2018
* To be announced in Feb.
Liquidity pool: Up to a third of the funds for maintaining the pre-funding liquidity pool of the CrossPay Blockchains and facilitate cross-border remittance on the Sentinel Chain.
Research & Development: Up to 29% of the funds for continued engagement in blockchain application and research to build an integral ecosystem among the local communities.
Operations: Up to 12% of the funds for facilitating alliances and collaboration with strategic partners and launch projects as described in Appendix C below.
Contingency: Up to 10% of the funds will be set aside for any unexpected project overruns.
Marketing & Business Development: Up to 7% of the funds will be used for marketing the Sentinel Chain model in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the livestock industry.
Sentinel Chain Development: It is paramount to continue with the development of the current technological infrastructure of Sentinel Chain. Up to 6% of the funds will be used to expand the talent pool of developers to build the various local community blockchains and improve the CrossPay user experience.
Legal & Finance: Dentons, Rodyk & Davidson LLP has been appointed to advise on regulatory and compliance matters, including providing independent legal advice. A strong in-house legal team will be created to navigate the legal landscape during project development and implementation. Crowe Howarth International has been appointed to advise on tax and audit matters. A robust in-house finance team will be created to manage the treasury and accounting functions in line with the global best practices.
The expected breakdown may be altered based on the token sale outcome and project progress.
Early Supporters Sale
Signed an MOU with Maybank to collaborate on financial inclusion technology projects in the ASEAN region
CrossPay Blockchain trial with TS Group for migrant workers dormitory in Singapore
Signed an MOU for CrossPay partnership with CloudWell Ltd. -the national payment provider to Milk Vita (Bangladesh Milk Producer's Co-Operative Union Ltd)
JAN: Pre-Sale begins
Token Sale Whitelist Registration
MAR: Public Token Sale
SENC to be listed and traded on various token exchanges
Beta testing of Sentinel Chain
CrossPay will go live in the first unbanked market
Sentinel Chain code review and audit
Sentinel Chain v1.0 will go live
Onboarding of the first financial service provider partner
Integration of Sentinel Chain to CrossPay
Integration of financial service provider to Sentinel Chain
End-to-end testing of Sentinel Chain
Sentinel Chain v2.0 will go live
Founded in 2015, Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain-enabled companies. Our mission is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible. We strongly believe Blockchain technology will play an important role bringing much more transparency, efficiency, and robustness into the global economy. With our experienced partners in both traditional finance and the blockchain technology and many startup companies, we hope to bring this vision into fruition.
iGlobe Partners harnesses decades of collective industry and entrepreneurial experience, and have been at the forefront of cultivating Singapore's start-up community. iGlobe Partners have invested in entrepreneurs who are shaping development in these three core areas: Internet of Things (IoT), Internet/Mobile applications, and Health/Biotech — disruptive technologies that are expected to have the greatest impact and influence on consumers and enterprises in the future.