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Evan Luthra
Mar 5, 2022
by Evan Luthra

Raise Invoices, Lend and Borrow Stablecoins With CR Square Interoperable Invoice Financing

CR Square
A world where the entire processes required to do business are seamlessly done through the use of Distributed Ledger Systems (DLS). A world where multiple organizations who use multiple isolated systems are part of an online connection, working together through a single distributed ledger to create a joint single truth. A world where errors are reduced, costs are reduced, efficiency increased, fraudulent activities are prevented and countless hours of business time going into disputes and reconciliations are saved. Imagine a world like this. Imagine. 

Even though the paragraph above may sound like a Utopian Ideology, that is the world the people at CR Square Finance imagine too.

CR Square Finance 

CR Square is an interoperable invoice financing Decentralized Finance (DeFi) platform where companies, businesses and individuals can raise invoices and lend and borrow stable coins on which they can earn up to 60% APY on. CR Square's dream is to create a single distributed ledger (ERP on the blockchain) that will act as a connection between two isolated business systems, thereby creating a single truth. 

CR Square aims to create an incentivised product that will lure these businesses and organizations into adopting the distributed ledger systems by invoice financing as a preliminary phase for these businesses and organizations' movements of their Enterprise Resource Planning (ERP) on a blockchain. 

Mission

CR Square's mission is to create a DeFi platform where every professional, creator, small and medium scale business owner and freelancer can get quick and easy access to cheaper working capital, without any bias or limitations they might face because of where they are geographical. 

CR Square aims to create a distributed ledger system that will be used across the world by businesses to jointly record their transactions. This would be easy to adopt & use, would be interoperable, increase efficiency, save time and reduce cost.

Features of CR Square 

  • Raise invoices and receive payments

  • Lend stable coins earn APY in stable coins up to 60%

  • Borrow funds against payer's collateral

  • DAO approved uncollateralized loans

    • Token Utility

    There are two types of tokens utilised in the CR Square ecosystem. These tokens are CR2 & gCR2. CR2 is the native token of the CR Square Finance platform. It is supported across blockchains like Binance, Ethereum, Polygon, Avalanche, Fantom & Ame. The following are its utilities:

    • Lending & Borrowing

      • CR2 tokens can be utilised on the CR Square Finance platform as collateral for seeking invoice finance.

      • Transaction Settlement

        • CR2 tokens can be used as a transaction settlement mechanism for users’ invoices.

        • Incentive

          • CR2 token provides incentives to various users (Lenders, Borrowers, Stakers, Users & Payers) across the CR Square finance ecosystem.

          • Subscriptions

            • gCR2 

            gCR2 is an ERC-20 governance token that is obtained by locking CR2 tokens for a minimum of six months in the CR Square Ecosystem. The GCR2 token will be used in the DAO Governance of CR Square. Members of the DAO will need to lock their CR2 tokens for a minimum of 6 months and they will receive gCR2 tokens in turn. They can create proposals with this token on the DAO. 

            Members of the DAO can create a permissionless proposal if they have more than 10,000 gCR2 and proposals can be on lending rates, updates to the Roadmap, strategic partnerships, approval of Payroll financing, Non-collateral lending and community incentivization rewards. 

            Proposals made in the DAO would be live for 7 days and would be accepted if it receives more than 51% of the votes at the end of the 7 days. 

            Tokenomics

            • Maximum Total Supply — 250,000,000

            • Initial Circulating Supply — 9,375,000

            • Initial Circulating Supply Percentage — 3.75%

            • Initial Market Cap at TGE — $1,406,250

            • Token Ticker — CR2

            • Token Standard — Multichain

            • Expected TGE — 31st March 2022 

              • Expected Launchpad —Copper Launch (Fair Launch) 

                • Token Allocation and Vesting Schedule 

                • Community Incentivization (38%) — Nil unlocked at TGE and will be activated after the staking launch. 1.67% of incentives will be released for 60 months. These tokens will be used for rewarding stakers, liquidity providers, gCR2 holders, lenders, borrowers and collateral providers to incentivise the adoption of the CR2 platform. 

                • Liquidity & Market Making (20%) — 100% released at CEX and DEX Launch. Tokens will be utilised to provide liquidity for DEX and CEX liquidity pools and market-making. 

                • Team (15%) — Nil unlocked at TGE with a 12 months cliff period and 4.33% release over 24 months. 

                • Presale (10%) — 10% unlocked at TGE with a 3 months cliff period and 7.5% release over 12 months 

                • Seed Round (5%) — 5% unlocked at TGE with a 6 months cliff period and 7.92% release over 12 months 

                • Advisors (5%) — Nil unlocked at TGE with a 3 months cliff period and 8.33% release over 12 months 

                • Strategic Round (5%) — 5% unlocked at TGE with a 3 months cliff period and 7.50% release over 12 months 

                • Public Sale (2%) — 100% unlocked at TGE 

                  • Roadmap 

                  Q1 2022 

                  • Seed Sale

                  • Private Sale

                  • Strategic Partnerships with KOL's 

                  • Community & Marketing Campaigns

                    • Testing & Deployment of Alpha Version of Application

                    • Smart Contract Audit 

                      • Q2 2022 

                      • Public Sale 

                      • Multi DEX Launch 

                      • Initial CEX Launch 

                      • Launch of V1 of Invoice Finance Application with Collateral

                      • Launch of Staking Pools

                      • Launch of Credit Rating System 

                        • Q3 2022 

                        • Launch of V2 of Invoice Finance Application

                        • Launch of Escrow Facility 

                        • Top CEX Launch 

                        • Testing of DAO Application 

                        • Launch of GCR2 Staking Pools

                        • Testing Payroll Application 

                          • Q4 2022

                          • Deployment of DAO Application 

                          • Deployment of Payroll Application 

                          • Integration with QuickBooks, Zoho & Other Accounting Applications 

                          • Introduction to DAO Approved Non-collateral Loans Based on Credit Rating System 

                            • Q1 2023

                            • Launch of Crypto-Fiat Invoices 

                            • Testing of DAO approved Working Capital Lending Application of Organisations

                            • Deployment of Payroll Finance 

                            • Launch of V3 of Invoice Finance Application 

                              • Q2 2023

                              • Launch of DAO approved WCL Application 

                              • Testing & Deployment of Complete Inventory, Logistics and Finance Modules

                              • Testing and Deployment of CR2 Mainnet

                                • Follow us on: News
                                CR Square
                                Raise Invoices, Lend and Borrow Stablecoins With CR Square Interoperable Invoice Financing
                                Evan Luthra
                                Evan is a tech-obsessed thought-leader who has spoken at 100s of conferences around the world. He has extensive knowledge and experience in mobile apps and his company, EL Group International, has developed and delivered mobile apps for major Fortune 500 companies. He has also received an honorary Ph.D in Blockchain for the impact he has made in the industry from launching Blockchain Schools to Blockchain Coworking spaces and having spoken at 50+ Blockchain events. As a highly accredited Angel Investor, Evan believes in stepping out of his comfort zone and exploring the power of conceptualization, innovation and execution.

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