Getmoder. Instant Crypto Backed Loan

Getmoder

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Getmoder

11 min readAug 13, 2018

Report & Updates (05/Nov/2018)

Total GTMR token generated: 251 million.

The initial token offering (ITO) of the GTMR token was completed on the 05 August, 2018.
We are now preparing for the cryptocurrency exchange listing and indexing.

a) During the initial internal offering, a total of 7,154,595 GTMR token (4.76%) were offered to the 329 strategic specially invited investors during our private token offering event which lasted for 3 months period.

b) A total of 51,923,076 GTMR token (34.62%) were offered to two large international consortium.

c) 37,500,000 GTMR tokens (25%) has been reserved by an international trading company based in Hong Kong. The M.O.A has been signed and transaction will be carried out before the end of 2018. Payable in Ether.

d) The remaining 53,422,329 GTMR token (36.62%) out of the 150 million GTMR token for sales will be listed in the cryptocurrency exchange for trading purposes. Price is determined by the market in which it trades: by means of supply and demand. The pricing is rather determined by basic economics: scarcity, utility, supply and demand. However the price if the token may experience wide swing at any-time due to the high volatility nature of the cryptocurrency economics.

Getmoder Foundation holds 100 million of the GTMR tokens, of which 80 million GTMR token may be trade-able.

Notes:

Please kindly note that Getmoder Token Offering was a private event in which the GTMR tokens are offered to our network members or specially invited participants only! We were not opening the token oferring to world-wide participants. However you may purchase our GTMR tokens at various cryptocurrency exchanges once we are officially listed in the cryptocurrency exchanges.

Please be advised that Getmoder Foundation was not holding the conventional initial coin offering (ICO) for the worldwide participants. Rather, Getmoder had launched an initial internal token offering for our network members only. Hence, the initial token offering was limited to network member only participants during the initial stage. Various comments from the non-members are welcomed, but please be advised that we may have conducted our initial internal token offering in an unconventional way if compared to the traditional initial coin offering event.

GTMR is an ERC-20 token which rides on the Ethereum network. It functions as an utility token which participants may use it as an collateral to apply for a loan. GMTR token will be progressively listed invarious cryptocurrency exchanges which are already indexed in the major cryptocurrency ranking and evaluation site (Coingecko, CoinLib, and CMC) that breaks down quantitative and qualitative data for a number of different metrics.

Thank you again for making this community project an incredible success. We promise to make 2018–2019 a bigger year for our project and our community!

GTMR token holders may apply for crypto-loan soon.

Please come back for more details.

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Announcement 13 Aug, 2018

Getmoder’s plans for initial token offering community project are moving significantly ahead of the schedule and road-map

- Our ITO reached its hardcap early on 5 August, 2018

- Getmoder ITO is Closed — Hardcap Reached!

- We are currently working on getting listed on cryptocurrency exchanges.

Stat

Hardcap: 17,500 ETH

Total token sold: 105 million

60 million token (40%) were bought by community participants

445 million token (30%) were booked and bought by strategic institutional investors

Remaining 30% token (45 million) will be traded in the listed exchange

Stay tuned for more announcements soon …….

Thank you again from the Getmoder team for making our ITO an incredible success. We promise to make 2018–2019 a bigger year for our project and our community!

Getmoder is an innovative lending platform where crypto assets are used as collaterals. Any user can act as a lender or a borrower.

Powered by 15 years of expertise, GETModer is offering the world’s best instant crypto loan, integrate with an Instant Cryptocurrency Exchange to propel its main core business.

GETModer is an institutional hybrid blockchain technology company focused on crypto-loan & cryptocurrency exchange. We have developed a highly scalable, secure, per-missionary and commercial grade platform architecture powered by Ethereum Network.

GETModer Ecosystem management team & developer has decided to adopt blockchain crowdfunding mechanism, Initial Token Offering (ITO) to support and fund our future crypto projects.

Initial Token Offering or ITO acts as an entry point for investors to participate in our crypto projects.

A total of 251 million GTMR (ERC20) tokens will be generated during the ITO Event, of which 150 million tokens will be available for public investors and the developer team will hold 100 million tokens. 1 million GTMR token will be reserved for Bounty program. The hard cap is set at 17,500 Ether. Any unsold token will be kept by GETModer Platform for the lending inventory purposes. The common currency for ITO contribution will be ETHER only. The minimum investment is set as 0.1 ETHER.

The GETModer ITO Contribution Event will be set at Private Sales & Public Sales:

1) Early Bird Private Sales Event,

2) Public Sales (Pre-ITO and ITO)

GTMR Token will be listed in the minor & major cryptocurrency exchanges. Including LiveCoin, Ku Coin, Poloniex, Binance, Bittrex, HITBTC, CoinExchange, Gate IO & others. The exact exchange listing schedule will be released after the completion of the ITO.

Token Pricing

Estimated initial listing price will be ~ USD $0.12

Token’s Functions & Benefits

GTMR token will be used as the main mean of payment currency for any usage of platforms in the GETModer Ecosystem.

- as the main currency of our platform for financing purpose

- used as platform fee to process the loan for both lenders and borrower

- can be used as collateral for the crypto loans with a special discount

- unlocking the value of your digital assets, retain asset upside potential

- increasing global demand of GTMR tokens for its utility purposes, coupled with fixed limited supply, may stimulate price movement and hence steady growth in the future value.

What is an ITO?

ITO stands for Initial Token Offering for public Usually before the new cryptocurrency emerges, the individual or company will need to raise money for all the technical development or future platforms/products that is needed. So, they usually sell tokens in exchange for more established cryptocurrencies.

GTMR token demand is driven by the growth of the user community and usage of the token on the platforms.

GETModer: An Institutional Grade Crypto Platform

Products: Crypto Loan & Instant Cryptocurrency Exchange

Mission: 1) Crypto Financing to Personal & SMEs border-less, transparent and liquid as compared to traditional financing. 2) Cryptocurrency instant exchange at best rate and fast pace.

Vision: Our goal is to 1) create an Asia wide Business/Personal Loans Asset Platform. 2) To promote instant cryptocurrency exchange.

Blockchain is an open and decentralized system that can effectively register and constantly check transactions between two parties. Despite its simplicity, the basic technology of blocking provides decentralization, openness, and security to any interaction processes.

Cryptocurrencies are digital or virtual currencies that are encrypted (protected) using cryptography. Cryptography is one of the methods of encryption to ensure and verify the transfer of transactions. Altcoins are any coins that are an alternative to bitcoin. Tokens are certain assets that are interchangeable and available.

In its historical development, GETModer has been identifying and successfully solving inefficiencies in the lending markets by creating innovative and convenient financing solutions.

By applying blockchain technology, GTMR Token is GETModer’s answer to solving the lack of financing for the new digital economy.

GETModer Ecosystem comprises:

a) Crypto Loan

b) Instant Exchange

Utility Token: GETModer

Blockchain: Ethereum

Symbol: GTMR

Total: 251 million

Circulating: 150 million

A) Borderless Crypto Financing

The problem has been obvious for some time — spending crypto assets today prevents cryptocurrency holders from gaining on any future growth in asset value; holders who buy low need to hold on to their investments in order to benefit from selling high.

Decentralized and secure financial market place for peer to peer lending agreements using Blockchain and Smart Contracts.

For Borrower: The GETModer platform allows you to borrow liquid funds instantly, based on the current value of your cryptocurrency asset holdings. You take out a loan, collateralized with more volatile assets such as Bitcoin or Ethereum — and in return, you receive an agreed loan amount in a stable currency. And after repaying the loan you receive your whole collateral back; even if the collateral has increased in value multiple times. This way, you’re able to acquire liquid funds for immediate needs and save your crypto position, all at the same time with a high lending ratio.

For Lender: Lending opportunity is opened to the global market/anyone who wishes to be a lender. We guarantee full repayment and absence of risks because all loans are secured on crypto assets of the borrowers.

Incentives: Participants of our crypto-projects are entitled to a special rate for both lending & borrowing.

Our Profits: Processing fee from lending & borrowing

Target: USD $ 1.2 million financing volume per-day

B) Instant Cryptocurrency Exchange

Our instant wallet to wallet exchange allows you to trade cryptocurrency without registering at any exchange or needing verification.

The wide range of cryptocurrency trading pairs provided makes the platform particularly appealing. It creates an opportunity to exchange any two currencies with minimal fuss. Traditional cryptocurrency trading platforms generally have a limited selection of trading pairs, meaning that sometimes users have to make multiple transactions to receive their desired cryptocurrency. Fiat currency support will be added to our exchange, with the inclusion of credit and debit card purchases.

Incentives: We will provide most profitable free trading signals according to the in-depth technical analysis of cryptocurrency trading. Hence encourage mass users to use our exchange platform because of the free signals.

Our profits: Trading transaction fee

Target: USD $100 million exchange volume per-day. 40% of the trading revenue earned from this currency exchange will use to fund and expanding our Lending Platform.

Benefits for ITO Contributors

1. Contribution to a unique and prospective project with a transparent business model.

2. Advantageous lending terms and conditions for contributors.

3. You can get a loan secured on GTMR tokens with lower fees.

Benefits for Lenders

1. Automatic Funds Management
Formulate the terms and conditions of the loans, and the system will automatically estimate the market environment to create orders. After repayment of loans, the system will continue creating orders.

2. Minimal Risks
Full Repayment of funds for the loans that were given including the interest without delays.

3. No Limits
The minimum loan amount is 100 USD, and the maximum amount and number of active loans are limited only by your budget.

4. No Obstacles
Any individual or legal entity can become a lender without any licenses.

5. Flexible Setting of Loans Terms and Conditions
Possibility to individually specify optimal terms and conditions for giving loans.

6. Worldwide Coverage
An international audience of borrowers removes borders in granting loans.

7. Reliability and Safety
Fully legal status and protected infrastructure will ensure the security of funds.

Lending opportunity is opened to the global market/anyone who wishes to be a lender. We guarantee full repayment and absence of risks because all loans are secured on crypto assets of the borrowers. In case of non-repayment of the loan, the pledged crypto asset will be automatically liquidated (sold) by the system and the funds including the interest rate will be fully repaid to the lender.

Benefits for Borrowers

1. Preserving Crypto-assets
Now there is no need to sell Crypto-assets if you need fiat money.

2. Flexible Lending Terms and Conditions
Individual estimation of risks and selection of lending terms and conditions allow getting a loan under optimum terms and conditions.

3. Refinancing of Obligations
Possibility to refinance obligations to prolong the loan term.

4. No Credit Checks
There is no need to check out the credit history and prove your payment capacity.

5. Individual Loan Management
It is possible to close the loan at any time by liquidating (selling) a part of the loan at the current market price.

6. Supporting Popular Crypto-assets
It is possible to use such popular Crypto-assets as Bitcoin, Ethereum, etc. as the loan collateral.

Hold your assets, get your cash. Let you leverage your blockchain assets to secure cash loans. Make it easy to get money without having to sell customer favorite investment by streamlines every step of the loan. Simplified the application process by focusing on the value of the borrower’s blockchain assets instead of their credit score. Keep collateral assets safe and locked in a fully-audited, ultra-secure architecture during the life of the loan so members can borrow with confidence.

How does Loan works?
1. Loan Creation — A borrower sends collateral to the Lender collateral wallet and funds/tokens are transferred to the borrower’s wallet account. Collateral remains the property of the borrower and any price appreciation or depreciation belongs to the borrower.

2. Loan Repayment — A borrower makes timely, periodic payments to the lender.

3. Loan Completion — Upon repayment of the loan, the borrower’s collateral is returned.

The platform will not provide a pre-set interest rate. It will be fully market-dependent. The lender will set the interest rate in his/her loan application, and the borrower will state the desired interest rate for getting a loan. The system will automatically bring the matching applications together.

Missed payment
If a borrower misses a payment, SLBN will liquidate a portion of the total collateral to cover both the missed payment and any associated fees. If a borrower continues to miss payments, the collateral will continue to be liquidated to cover monthly payments of the principal, interest and fees until the loan-to-value ratio exceeds a predetermined threshold. Once the default reaches the triggering threshold described above, a balance of the collateral is liquidated to cover the missed payment and to calibrate the over-collateralization. This process continues until the loan is fully retired or matures. Lenders may elect to receive their funds in either the currency of the original loan or the equivalent value in blockchain assets. After the principal of the loan and accrued fees are paid out of the collateral, any remaining assets are returned to the borrower.