The Neluns team published the statement on the upcoming launch an ICO. It will be preceded the Pre-sale and Pre-ICO phases. The Neluns team vision focuses on building the new all in one financial ecosystem that will have the functionality of a bank, an insurance company and currency exchange. All these modules will be seamlessly integrated and will equally support transactions with crypto or fiat money bringing users experience to the next level. Since all the three modules belong to the Neluns team it will be possible to keep the fees quite competitive as opposed to the classic set up where all entities belong to different owners generating an overhead costs for the clients.
The Neluns system at a glance
The Neluns system is comprised of these elements:
Neluns Bank is the implementation of tomorrow’s banks functionality that easily handles both fiat and cryptocurrencies
Neluns Exchange is the module developed using the latest technology to increase the security and speed of the cryptocurrency trade operations process
Neluns Insurance part of the system could be used to insure all or some of the user transactions within the ecosystem
The system features highlights:
Cryptocurrencies trade operations are executed with a few clicks
Quick and cost effective cryptocurrencies exchange
Funds withdrawal and deposits from anywhere you go with an App
Option to open a private or corporate IBAN Accounts supporting multicurrency
Visa, MC, Amex debit and credit cards can be issued and linked to the multicurrency account in the system
International money transfers can be sent and received from within the system
Make interest yielding deposits in fiat or cryptocurrencies
Obtain loans from Neluns in fiat and cryptocurrencies
Earn interest on lending to other users via P2P (Peer-to-peer) Lending Platform
Trade NLS tokens on currency exchanges and draw profits
Selected or all trades can be insured
Active market participants enjoy lower risk levels and make extra profits
Neluns Bank offers the product lines for the retail and corporate clients. The bank equally easy handles the transactions in fiat and cryptocurrencies. The concept of a multicurrency account allows users to execute the transactions either in traditional currencies (like dollars or euro) or cryptocurrencies. It is possible to link a bank card to the multicurrency account.
The product line consists of the bank cards the associated software products. The following products are available for both retail and corporate clients: Lite, Silver, Gold and Platinum.
Unlike the competition that is often based on a legacy technology with the external cryptocurrency modules the Neluns financial ecosystem architecture is designed keeping in mind the synergies between crypto and fiat currencies. Using the multicurrency account the traditional retail bank operations are fully supported to make purchases, send payments or withdraw cash from an ATM. The same account is used to trade cryptocurrencies, obtain a loan from the system at a lower than a market rate, earn interest by extending a secured loan to another user of the system or place funds into the interest yielding savings account (it doesn’t matter which one – it could be crypto or classic currency or a mix).
The transactions are handled by the state of the art P2P lending platform that replaces the roles of the traditional retail and investment banks. Essentially it removes a proxy and connects directly the clients providing them security, transparency and flexibility in terms of how they prefer to deal with the money. Cutting out the middlemen and moving to the Neluns next generation financial ecosystem brings a significant reduction to the transactions costs.
Neluns Exchange employs a “Bank Guarantee” principle for the smart contracts governing the transactions execution. In addition to the pre-defined smart contracts templates customization users can fine tune the coverage to include various events and conditions, change the scope to cover some or all the transaction. The business logic is implemented using the top notch technology to ensure additional security, quick funds withdrawals and load balancing to meet the high service demand. The team believes that the Neluns financial ecosystem should create the best in class conditions both for the cryptocurrency traders and their funds.
The roadmap lists iOS and Android apps to be implemented for the on the go operations using the mobile devices. It also contains the rollout of around the clock 24x7 technical support services to make sure all the users requests are properly logged, reviewed and resolved inline with the SLA (Service Level Agreement).
The Neluns team aims to align the project implementation to the applicable laws both domestically and internationally. Neluns Banks has begun the process of the banking business license acquisition. Neluns Bank is committed to follow respective license requirements and regulations from CFTC (U.S Commodity Futures Trading Commission) and SEC (U.S Securities and Exchange Commission).
The Neluns token (NLS) is an ERC20 token. NLS is a security token registered with SEC (U.S Securities and Exchange Commission). It has 50% dividends payout based on the Neluns ecosystem profit.
The dividends are paid out on a quarterly basis.
The formula for the dividends payout depends from the number of tokens one holds and the total number of tokens in circulation.
There are advantages for those who hold NLS tokens and use the Neluns ecosystem products. The benefits are dependent on the number of tokens owned. The greater the number the more lucrative the benefits are.
Token supply is 200M NLS
Token price is 1 USD
The Neluns team will file Form D (an official notification of ICO start) to SEC (U.S Securities and Exchange Commission) in 15 days after ICO start.
ICO stages (rounds)
Hard Cap - $2.000.000
Soft Cap - $500.000
1 stage (round), pre-sale, stage (round) length 14 days, from 08-01-2018 to 08-15-2018.
extra-bonus 40% investment of more than 1 ETH in one transaction
extra-bonus 50% investment of more than 10 ETH in one transaction
Hard Cap - $10.000.000
Soft Cap - $2.000.000
2 stage (round), pre-ICO, stage (round) length 21 days, from 08-15-2018 to 09-05-2018.
extra-bonus 30% investment of more than 1 ETH in one transaction
extra-bonus 35% investment of more than 10 ETH in one transaction
Hard Cap - $112.000.000
Soft Cap - $10.000.000
3 stage (round), ICO, stage (round) length 31 days, from 09-05-2018 to 10-05-2018
extra-bonus 20% investment of more than 1 ETH in one transaction
extra-bonus 25% investment of more than 10 ETH in one transaction
Projects Website: https://neluns.io/
White Paper: https://neluns.io/static/ver165/whitepaper/whitepaper.pdf