Reditus

Reditus

Created using Figma
Created using Figma

Last Update

Feb 11, 2019

An end-to-end blockchain platform for facilitation of tokenised bonds transfers and liquidation.
Pre Sale
Mar 14, 2019
Mar 29, 2019
100% completed
Raised funds - no Data
past
Token Details
Ticker
ITCO
Total supply
2,000,000,000 ITCO
Accepted Currencies
ETH, BTC, USD
Min Contribution
100
USD
Company Details
Registered Company Name
Reditus Singapore Pte Ltd
Registered Country
Singapore
Company Founded
Dec 28, 2018
Additional Details
MVP/Prototype
Yes
Platform
ERC20, Ethereum
KYC
Yes
Categories
Platform

About Reditus

The Reditus® platform is an advanced platform for trading, investing, and collecting receivables. It increases the likelihood of recovering Non-Performing Loans (NPLs) and sunken small receivables which are socially costly. Reditus® democratizes receivables through a sustained model of utility token ownership. This is achieved with the Reditus® RMS (Receivable Management System), which enables the assessment and collection of receivables, and a trading system through the tokenization of outstanding receivables.

NPLs, which are inevitable to manage the financial soundness of financial institutions, are an investment instrument that can achieve relatively stable returns depending on the efforts to collect receivables and collateral process. However, since certain requirements must be met to acquire NPLs in accordance with the law, individuals are less likely to directly participate in NPL investment. Although asset management companies that can acquire NPLs are launching NPL fund instruments through which individuals can participate in investments, still, not everyone can do so since it also requires a large amount of minimum investment.

On the other hand, for small cash loans made between acquaintances without setting up a repayment schedule or interest, and for credits payments that occur frequently with regular customers, etc., creditors often suffer due to poor performing debtors, who are obligated to pay off the debts but delay payment intentionally or unintentionally.

Reditus Roadmap

  • December 2018

  • - Prototype Completion
    - ICO Start
  • May 2019

  • - Test-net completion
    - RMS Test on Test-net
  • September 2019

  • - Main-net completion
    - RMS Test on Main-net
  • November 2019

  • - Service open based on Main-net

Activity

Activity:
1
VERY LOW
Posts:
1
VERY LOW
Views:
69
VERY LOW
Posts:
23
VERY LOW
Followers:
20
VERY LOW
Likes:
20
VERY LOW
Followers:
11
VERY LOW
Tweets:
24
VERY LOW
30 Days Growth:
1
Members:
167
VERY LOW
30 Days Growth:
-5
Year commits:
46
Watchers:
2
Stars:
0
Forks:
0
Open issues:
0

Reditus Team

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

Gilmo Jeong
CEO/Founder
unverified
Wonhyeog Kim
CTO
unverified
Hyun-Wook Cho
Business Planning
verified
Sunho Won
Marketing Planning
unverified
Joonghan Kwon
Main-Net Leader
unverified
Duksin Woo
Leader of Sales Management Team
unverified

Former members

Jaeho Kim
Leader of Finance & Accounting
Jaeyoung Jang
Leader of Marketing Business
Jwaryoung Nam
Leader of Business Support Team
Youngjin Lee
Leader of Billing Management Team

Reditus Interviews

Hyun-Wook Cho
As a team member, сan you tell us about your role in the ICO project?
I am responsible for business planning at Reditus. I have been involved since the beginning of Reditus. I analyzed the problems of traditional bond management and finalized the Reditus business model in the process of creating solutions to solve these problems. I analyzed the bond market and made a profitable business model. I also participated in token economy design.
As I prepared for ICO, I continually edited and reviewed the white paper for business introduction. I also made a presentation and made an introduction to explain the business model.
What do you think about idea?
Reditus issues tokens based on uncollected bonds. Issued tokens facilitate transactions that were not possible in traditional bond markets. In other words, by applying cryptography to a traditional business model, creditors can exercise immediate rights to uncollected receivables. It can also reduce social costs by supporting documentation like the IOU for undocumented P2P transactions. I have never seen a business model similar to Reditus anywhere, and I am confident that the Reditus business model will succeed.

Reditus Last News

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