NEL
Last Update
Sep 10, 2018
New Economy Ledger is a community-based ecosystem of investors supporting microfinance institutions through blockchain technology
MAIN SALE
Sep 15, 2018
Nov 24, 2018
100% completed
Raised funds - no Data
Cap
1 500 000.00 USD
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1 NEL=0.15 USD
About NEL
NEL, which stands for New Economy Ledger, will be the first microfinance lending platform aimed at developing countries, based on the NEM blockchain technology. The NEL Foundation will disrupt the microfinance world with the cutting-edge technology and efficient processes,
inherent in the blockchain-based NEL ecosystem.
Through bypassing banks and their high fees in this financial sector, relatively unknown to theprivate individuals, and offering practical solutions to the loss of productivity suffered by the microfinance organizations, NEL users will be able to lend with no risk to developing
communities while earning interest. The interest rates proposed to the borrowers will be more ethical than the ones currently offered by institutions, while the lenders will enjoy solid returns.
The NEL ecosystem will be accessible through the NEL platform and via the dedicated mobile application NEL Wallet. NEL Wallet will be the only cryptocurrency wallet allowing lenders to earn money by financing microfinance institutions.
NEL Roadmap
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2017 Q3
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From idea to concept
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2017 Q4
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Market research and feasibility study with microfinance institutions
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2018 Q1
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Initial team creation
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2018 Q2
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Start of the platform development
Partnerships with local MFIs -
2018 Q3
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Wallet alpha version and whitepaper publication
Partnerships with local MFIs
TGE preparation -
2018 Q4
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Token Generation Event
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2019 Q1
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Token listing on exchanges
Launch of the platform beta version
Integration within microfinance institutions
New Partnerships with MF Institutions -
2019 Q2
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Final release of platform and wallet
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2019 Q3
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Opening of smart pools – smart contracts
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2019 Q4
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Ecosystem development
Smart pools diversification
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Activity
Activity:
924
VERY HIGH
Merit:
576
VERY HIGH
Posts:
291
MEDIUM
Views:
7 372
HIGH
Users:
228
MEDIUM
NEL Team
Verified 83%
Attention. There is a risk that unverified members are not actually members of the team
NEL Interviews
Evan Davis
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We think trust is the most powerful currency we have. We are geeks and finance professionals all passionate about extending financial freedom to the billions of underserved people across the globe. We will serve a global customer base with complex and unique needs, and fulfilling our mission requires a diverse team of equals working together across borders and boundaries.
NEL will be the first microfinance lending organization catering particularly to developing economies. We will be offering practical solutions to the loss of productivity suffered by the microfinance organizations and all NEL users will be able to lend with no risk to developing communities while earning interest.
NEL will be the first microfinance lending organization catering particularly to developing economies. We will be offering practical solutions to the loss of productivity suffered by the microfinance organizations and all NEL users will be able to lend with no risk to developing communities while earning interest.
Renato Ito
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We are excited to launch the first microfinance lending platform
aimed at developing countries, based on the NEM blockchain technology. The NEL Foundation will disrupt the microfinance world with the cutting-edge technology and efficient processes, inherent in the blockchain-based NEL ecosystem.
aimed at developing countries, based on the NEM blockchain technology. The NEL Foundation will disrupt the microfinance world with the cutting-edge technology and efficient processes, inherent in the blockchain-based NEL ecosystem.
Hans Muller
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
NEL is creating a platform bringing both the lenders and borrowers together. With Blockchain technology it makes the rather complex processes simpler, secure, and more transparent. With blockchain, the NEL platform will significantly reduce the operational costs involved which in turn will enable them to operate with nominal loan processing charges and fees. It also claims stand out and ahead of the competition by offering quick and seamless payment processing, low transaction fees, and most importantly a high level of security using NEM blockchain features.
Andrew Busby
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
NEL has already announced the launch of an ICO seeking funds to further develop the NEM platform. The ICO crowdsale is due to launch 15 September 2018 and offering benefits to all early investors, those participating in NEL tokensale within the first two weeks get an exclusive bonus of up to 30%.
Get more information about the promising NEL project and their related developments, visit the NEL website here https://nel.network.
Get more information about the promising NEL project and their related developments, visit the NEL website here https://nel.network.
Ayato Ishida
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
NEL Wallet is available for Android on the play store. Send, receive or store XEM or NEL now! Soon with more features. #xem #cryptowallet #NEM
Participate in the Microfinance revolution !
Participate in the Microfinance revolution !
Elias Baumgarten
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Built on the NEM blockchain technology the NEL platform will be powered by unique 'NEL tokens' which have multiple functions on the platform like allowing members to receive privileges on the allocation of smart contracts, the payment of interest by borrowers, receiving profits on the funds loaned and more. The NEL tokens initially valuing 1 NEM are to be developed as dedicated tokens and will be exchangeable and tradable in the open market. The platform will also feature a unique NEL USD token which will be pegged to the fiat currency; 1 NEL USD valuing $1 USD. While the NEL USD will protect borrowers from market volatility as the contracts and lending will be carried out in NEL USD.
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