Blockchain Credit Marketplace
Based on AI Scoring

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Private sale is live

$1.5M is raised

days 33 hours 04 min 37

50% Soft Cap is reached!

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7Seconds

7Seconds is a fully operational credit marketplace that allows a borrower to instantly choose a loan with the best terms and interest rate. Loans are provided by partner banks within the 7Seconds ecosystem. The company actively uses artificial intelligence (AI) and neural networking technologies.

Problem

High interest rates charged by banks on loans hamper development of trade, economy, culture, and education across the globe. Banks do it to hedge against risks. An inefficient scoring system pushes up interest rates.

Solution

7Seconds takes on the task of purchasing information on borrowers from credit history bureaus (CHB) and entering it into a distributed ledger on the platform. The use of blockchain rules out the possibility of meddling with the ledger by 7Seconds or other participants of the ecosystem, making the information relevant, valuable and trustworthy for all financial institutions. This will significantly reduce banks' spending on scoring.

How 7Seconds works

7Seconds is the first blockchain credit marketplace based on AI scoring, which helps lenders and borrowers get the best deals.

Working Business

When a customer applies for a loan on the 7Seconds platform, the application is forwarded to partner lenders.

Every lender makes an offer to the customer, who then chooses an offer with the best terms and lowest interest rate.

Working Business scheme Store Banks Client GOOD S PAYMENT FOR GOOD S REPAYMEN T DAT A APPLICATIO N COMISSIO N COMISSIO N

Risk Management Program Based on CRET Token

When a loan is issued to a customer, a certain number of CRET tokens is reserved for him/her.

If the customer pays off the loans in full, also complying with all loan conditions, the tokens are transferred to him/her as a reward.

If the loan conditions are not met, the tokens are sent to the lender, which issued the loan, as to partially compensate its losses.

Store Bank Client Exchange PURCHASE OF GOODS CONDITIONS FULFILLED REPAYMENT SALE CONDITIONS NOT MET COMISSION CRET TOKENS

Blockchain solution

7Seconds' blockchain solution on R3 Corda platform will allow lenders to substantially reduce costs of borrowers' credit record information.

Previously

Every lender paid for credit record information on a customer regardless of whether it issued a loan to the customer or not. If no loan was issued, the funds were just wasted.

APPLICATIONS APPLICATION LOAN COMMISSION PAYMENT Credit Bureau Data Analytics Credit Bureau

Now

7Seconds collects data and provides it to all participants of the ecosystem on the immutable blockchain. All participant see the same information, which rules out manipulations with data. The collected data is paid for by the lender issuing a loan. The other participants incur no costs.

APPLICATION Applicatio n LOAN COMMISSION PAYMENT Data Analytics Credit Bureau Credit Bureau

Our tech partners

Factors affecting value of CRET token

  1. Growth of POS Market

    Growth of POS⁄installment segment – av. 30% ⁄ year

  2. Working Business

    Growth of 7Seconds' working business.

  3. Risk Management Program

    Demand from the risk management program (distribution of tokens to banks and customers).20% from operating revenue may be directed to replenishing reserves of CRET tokens for the risk management program.

  4. Popularization of CRET token

    Distribution of tokens to mass market of POS loans.

  5. Holding period

    Platform users will only be able to spend their tokens upon fulfillment of their loan conditions. The average loan period is one year.

Our advantages

  • Promising market

    In 2019, global online trading is estimated to reach $3.578 trillion or 12.8% of all sales. The world market of m-commerce (sales over mobile devices) is growing by 40% a year and by 2019 it is forecast to reach $1.357 trillion. The market for online POS loans and installment sales is growing by 30% a year.

  • Strong team

    7Seconds employs professionals with 20 years of experience in banking and investment, more than 20 years of experience in retail, over 10 years in data analysis, machine learning, architecture and IT development.

  • Operational business

    7Seconds is a working credit marketplace for online POS loans. Over the year since the development, testing and launch of 7Seconds platform, it has been chosen by many international online stores and banks.

Our strategic partners

Strategic partner banks

  • Alfa-Bank
  • Raiffeisen Bank
  • Tinkoff Bank
  • Russian Standard
  • Credit EuropeBank
  • Renaissance Credit
  • Vostochny Bank
  • Sovcombank

Strategic partner stores

  • Inventive Retail Group
  • Samsung
  • Dyson
  • Ulmart
  • Media Markt
  • Lamoda
  • Bose
  • Asus
  • Lukoil
  • Synergy University
  • Bork

Geographic expansion

The 7Seconds business model is based on commission from every deal initiated on the platform, which works in an automatic mode. Every new market we join is capable of generating profits quickly. So, the business model is easily scalable and new integration happens within just a few weeks.

Road map

  • Completed 2-3 Q 2017 Development of 7Seconds platform
  • Completed 4 Q 2017 The first loan issued on the platform
  • 3 Q 2018 Launch of CRET token sale
  • 4 Q 2018 Listing CRET token on exchanges
  • 4 Q 2018 Start of risk management program based on CRET tokens
  • 1 Q 2019 MVP of 7Seconds scoring private blockchain solution
  • 1 Q 2019 Opening branches in Great Britain, Poland and Indonesia
  • 3 Q 2019 Launch of 7Seconds scoring private blockchain platform
  • 4 Q 2019 Opening a branch in China

CRET token sale

  • Exact number of issued tokens will depend on funds raised in the ICO;
  • No creation, release or mining of tokens upon the completion of the ICO;
  • Transfer of tokens will be allowed upon the completion of the ICO period;
  • If the soft cap not achieved, raised funds will be returned to participants;
  • Upon reaching the hard cap, the ICO will be immediately completed.

The sale of CRET tokens is carried out in 2 stages:

  • Stage # 1 Private sale

    In progress

  • Stage # 2 Public sale

    To be announced

Payment: BTC, ETH
Soft cap: $ 3,000,000
Hard cap: $ 45,000,000
Token price: 1 CRET = 0.1 $
Total supply (maximum): 611,000,000

Distribution of tokens diagram

Distribution of CRET tokens

  • Sale (80%)
  • Team (15%)
  • Reserve for the loyalty program and risk compensation program (1%)
  • Advisers (3%)
  • Bounty (1%)

Distribution of funds diagram

Distribution of funds

  • Business development (39%)
  • Marketing (37%)
  • Blockchain and soft development (15%)
  • Administration costs (3%)
  • System and support (6%)

Documents

Team

Advisors

  • Simon Cocking
    LinkedIn

    Simon Cocking Marketing Advisor

  • Alexei Blagirev
    LinkedIn

    Alexei Blagirev Advisor on Big Data

  • Kamlesh Kangya
    LinkedIn

    Kamlesh Kangya Advisor on business development in the Asian region

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