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SOFIN
SOFIN
ICO
Social Finance Network
Category: Platform, Business services, Banking
Founded: Dec 11, 2017
Country: Russia
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Road map - SOFIN

Start
2010 year - Rostov region Guarantee Fund
Creation of the structure that allows entrepreneurs to obtain the necessary funding through the fund's surety.In three years, the amount of bail was $51 million.
2011 year - Offline MFO "Express Money
Opening the network of microloan points where the verification of the borrower (private individual), the legal basis and the highly profitable financial model were obtained. The business was successfully sold.
2012 year - Opening the Verum law firm
The company provides legal support for construction and investment projects, including foreign investment. The Verum ( verum-law.ru ) team of seven persons forms the Legal Service of the SOFIN company.
2013 year - Mining rigs, Cryptotrading
Creation of own mining rigs. Extensive experience in cryptocurrencies trade, investing in cryptoprojects.
2013 year - Opening the Elonsoft IT company
Formation of a team with experience in the development of international-level Internet projects, including the creation of MVP for startups. There are 16 programmers now who will be working on the SOFIN platform after the TGE implementation
2014 year - private P2P loans to entrepreneurs
Since 2014 and to the present day, a successful experience of connecting people who have money and legal persons who need credit. The interest rate allows each party to earn. To date, there have been no returns. Currently, the loan portfolio exceeds $1.5 million.
August 2016 - P2P platform concept
The idea of creating marketplace financial resources on a single window system where individuals and companies can get loans from any people,MFOs, banks. With a minimum and transparent rate in auction mode.
August 2016 - Launch of MFO "Loan Club"
Building a loan and verification system for borrowers online ( clubzaimov.ru ). Development of scoring software, integration with credit history systems and online processing. Gaining experience of attracting borrowers on the Internet. In this project, we've worked out all the important elements of a future P2P platform, and there are 14 people working in the company.
July 2017 - to date. Commencement of system development
Definition of the development financial model. Designation of the technical part of the platform, the interface design, and programming of business logic.
November, 6 2017 - preTGE
Fundraising on completing the platform, the SOFIN token output on TGE, the white paper and business model adjustment based on feedback from participants and cryptocommunity.
January, 15 2018 - TGE
Fundraising on development of the platform, the token output on exchanges, the establishment of the Guarantee Fund and international expansion.
O1 2018 - Token output on exchanges
The SOFIN token public offering on the cryptocurrency exchanges for free bidding. Implementation of the token-support strategy and increase it to $10. The direct correlation between the rate growth and the repayment of loans on the platform is achieved through the return of the SOFIN tokens for the transaction bonus payments laid down in the platform.
Q1 - Q2 2018 - Launch of the platform in Russia and the "Guarantee Fund" option
The first issue of loans through the SOFIN platform from the MFOs partners, early followers, and our own funds. Once the guarantee fund has been launched and the risk of repayment has been reduced, it is planned to attract a large number of creditors.
Q3 - Q4 2018 - Launch of the platform into CIS countries
Issuing loans in Russian-speaking countries, starting with Georgia and Kazakhstan and the next step in Ukraine and Belarus. In each country where we will issue loans, a local office will be opened to interact with the verification, scoring and credit history systems for the country. 100% legal purity, which is a distinctive feature of our platform, will be provided. In the same way, local partners in every country are planned for loans . The target of 2018 - 1$ million
2019 year - Launch of one country per a quarter
Issuing loans in Russian-speaking countries, starting with Georgia and Kazakhstan and the next step in Ukraine and Belarus. In each country where we will issue loans, a local office will be opened to interact with the verification, scoring and credit history systems for the country. 100% legal purity, which is a distinctive feature of our platform, will be provided. In the same way, local partners in every country are planned for loans . The target of 2018 - 1$ million
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