Overview

It's not hidden, technological disruption is skyrocketing, This century brings with its boundless commercial activities, yet modern entrepreneurs are still stifled by old financiers and humankind is at the brick of missing out on countless great innovations.
Traditional business funding have always had a long continued battles, just to access the necessary money needed for powering up the development, and organically growing their footprints and yes this still happens in this era. The standard procedure for business loans include lengthly diligence reviews with fees attached. Also the institutions have stringent requirements concerning collateral to secure the funding, which renders business owners in the norm. Corl has arrived to revolutionise business funding not only does it brings mechanism and protocols of raising capital in the modern time. But it also creates a global decentralised platform that allows keen lenders , big and small an same opportunity of investing in great ideas.

Corl is registered as a coral financial technology Inc, founded in 2016, corl is governed by the Canada business corporations.
Corl is the first company to issue a 100% equity ownership through a digital security token. Which means as a owner of corl token(CRL) you will be payed out based on corl profit and you will be paid in ethereum ,corl token will be developed using ethereum and polymath ST20 protocol, meaning corl will be an ST20 token.

The most interesting part about the Corl project however, is the token itself. Based on Polymath's ST-20 token standard, the token is a regulationary compliant securities token that represents equity in the company and pays a quarterly dividend. They intend to set a precedent for the evolution of blockchain based financial assets and digitizing funding for early-revenue startups.

Entrepreneurs will be able to apply for funding through the platform, and if approved, receive funding within 2 weeks. The funding is essentially in the form of a loan, with a fixed monthly percentage of company monthly revenue taken as reimbursement and all the information about funding will be stored on the blockchain. Investors will be able to apply to use the platform and to comply with current securities laws, information about financial circumstances will be requested. After approval, investors will be able to send ETH to the Corl platform and receive CRL tokens in return. Tokens will then be invested through the Corl platform into a diversified portfolio of startups, allowing full visualization of the value of their ownership, dividend payouts and investment performance.

Dividends are distributed at 10% of quarterly net profits and paid every quarter and simply by holding the Corl token on the platform, you can earn passive income with your money growing annually. The Corl token will be distributed through Ethereum blockchain in exchange for ETH and dividends will be paid in ETH.

In the coming years we are going to see a transformation of traditional industries transitioning onto the blockchain and the financial industry is no different. moving the $217 trillion industry will revolutionize investing by cutting out the middleman and updating the current inefficient process into a modern one. Corl envisions an efficient smooth transition with increased liquidity and security of of financial assets.

Token Sale

The corl public sale was scheduled to run between April 01-30 2018 to whitelisted participants only however, due to unfavourable market conditions, has been postponed until summer 2018 like many other projects. The token has a max supply of 1 billion CRL with 490 million CRL being available for sale during the ICO. pre-sale prices were $0.05 per CRL token with public sale prices stated to be $0.15 per CRL.

Team

The team appear to be very experienced in the space and the company behind Corl (Corl Financial Technologies Inc) has been operating in Montreal for a number of years. The project has a number of high profile partnerships, including Polymath and MLG Blockchain as two with the largest profiles.

Links

1. Website - https://corl.io/

2. White Paper - https://drive.google.com/file/d/15tCGMfR07rOdyFojiupJtWqb4TXfWugN/view

3. Twitter - https://twitter.com/getcorl

4. Facebook - https://www.facebook.com/getcorl

5. Bitcointalk - https://bitcointalk.org/index.php?topic=2876801.0

6. Reddit - https://www.reddit.com/r/Corl/

7. Telegram - https://t.me/corltoken