PNGME, SOLUTION OF MSME
Problems in lending markets:
● There is limited access to decentralized loan marketplaces that serve Digital Asset Hedge, Funds, MFIs, Mobile Money Networks, MSME
● There is a inefficient credit models which means coupon rates on these bonds can end up trading at a discount to fail to meet expectations their profiles.
● Borrowers with lack experience submit of credit has no option when search for funding. The result face APRs that are excessively high which with lending rates frequently exceeding 200% APR.
● Borrowers who can lend, will face high administrative costs, high interest rates also with inefficient scoring processes, resource-intensive administrative procedures, and a dependency on branch locations makes scaling credit in a cost-effective manner challenging; 62% of the interest an MFI or bank charges borrowers goes to cover these administrative costs.
● Investors are looking for alternative asset classes for greater investment returns.
The Solution is here, PNGME
Pngme has built a decentralized lending marketplace utilizing a blockchain infrastructure layer coordinated with banking infrastructure that facilitates transactions, asset settlement, and collateralization of loans using digital and tokenized physical assets.
Pngme matching algorithm which presents loans to lenders based on Pngme proprietary risk assessment and digital credit score to matches lenders and borrowers.
Pngme Credit Scoring APIs take into account consistent integration with a borrower's mobile payment app in order to synchronize with the digital bond through Pngme Digital Bond API.
Pngme marketplace uses liquid digital assets such as USD backed Stable Coins , Bitcoin, Security Tokens, or Property Tokens) and an emerging class of that represent title ownership such as Plant and Machinery, Fine Art, etc. to fund and collateralize loans that are then sold on Pngme lending marketplace as digital bonds to investors.
Investors are able to price capital more productively and increment the inventory of affordable capital for borrowers by current and recorded credit risk information in Pngme platform.
Pngme’s Mobile Banking application featuring mobile-to-mobile payments, savings, and a digital credit score the app gives consumers easy access to finance anywhere mobile device.
Pngme solves the problems where exchange rates are set central. But different from that, Pngme uses novel auctions and matching algorithms to precisely value coupon rates on a new class of digital bonds made up of high return advances. And Pngme is the first mobile finance platform that connects MSMEs in emerging markets with accessible, low-cost credit through innovative white and grey label technology.
Mission
Pngme mission is to bridge the $5.2 trillion dollar finance gap that influences 200 million micro, small, and medium sized enterprises globally.
Benefit for Microfinance
Pngme mobile application allows Micro finance Institutions and tokenized funds to serve their customers easily and extend Pngme’s digital credit scoring models to their end users.
How to make highly liquid lending marketplace and lower cost?
The originated loans are packaged as digital bonds with risk metadata appended
and offered to investors (lenders) on Pngme lending marketplace using decentralized rate setting.
With new digital credit scoring models, Pngme will be able to provide business owners credit ratings that are equivalent to or more prominent in exactness than FICO for predicting the risk of default Using technology stack, able to open subsidizing for the 200 million MSMEs globally that have an unserved demand for business credit in excess of $5.2 trillion annually.
The Market
Global marketplace lending 27% YoY growth from 2018 to 2019. $180 billion reached and by 2023 is forecasted to reach $290 billion.
Partnership - Client
Early-stage partnerships with three enterprise clients as follows:
● A US-based borrower of USD-C securing up to $50 million in loans
● A Mobile Money Network in Africa with 9,000 active agent businesses looking to finance
the growth of their agent network to 100,000 using float financing.
● A US-based sukuk bond issuer who will be white labeling Pngme mobile application to serve
its customers.
System Architecture
The Pngme lending marketplace is implemented utilizing a hybrid blockchain technology stack
utilizing a Proof-of-Authority Ethereum sidechain, IPFS, smart contracts, ERC-721 non-fungible
tokens, and USD-C stable coins for settlement, a centralized backend to
manage Pngme web and mobile apps, credit scoring pipeline, banking infrastructure, and KYC/AML compliance backend.
Seven parts system architecture:
- Web App & Mobile App
- User API
- Custody & compliance API
- Sidechain API
- Credit scoring API
- Digital bond API
- Digital bond auction API
Pingcoin
Andromeda Technologies Ltd as Token Issuer (an company in the Cayman Islands) will generated Pngcoin as PNG tokens.
Users can get tokens by signing up to the Pngme mobile app, staking Pngcoin in their savings account, referring friends, or purchasing them through a secondary market.
Andromeda Technologies Ltd will be able to sell unlocked Pngcoin through token grants, private sale or IEO, in order to finance the development, marketing, and growth of the Pngme Network (Pngme marketplace, web and mobile apps), Pngcoin, and Pngcoin staking services.
Andromeda Technologies Ltd. Messier 31 Inc d/b/a Pngme 930 Alabama Street, San Francisco, CA 94121
Discount
Pngcoin can be utilized as a a discount utility token and as a membership.
Users can get specific discounts in the Pngme, such as transaction fees on peer-to-peer payments.
Application user
An application user can get advantage that they can make payments, save money, and get low-cost credit for their business, earn a fixed annual percentage yield (APY) in staking Pngcoin.
Bonus Staking
The rate of interest paid from 2% - 30% per year.
Network Validators
The Pngme Network will on-board an initial consortium of 10 network validators who will be as
validators and partake in the administration of the system.
PARTNER
TEAM
Complete team https://pngme.com/
ADVISOR
Complete Advisor https://pngme.com/
TOKEN ISSUANCE
For more information you can click here:
Website : https://pngme.com/
Telegram Chat: https://t.me/pngmecommunity
Twitter: https://twitter.com/pngmemobile
Whitepaper : https://docsend.com/view/x4ts5tm
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