ResidualToken ICO and Token Sale Review

ResidualToken

ResidualToken

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ResidualToken

ResidualToken

Residual is a decentralized lending ecosystem based upon digital assets and the tokenization of fiat assets. The platform is run by a team of highly experienced traditional lenders in collaboration with a number of blockchain and digital professionals to create a harmonious ecosystem which can both understand and facilitate the borrowing needs of users moving forward in the digital age.

Project Outline and Objectives

Currently there is a disconnect in many industries between the traditional methodologies and the evolution required within these industries to adapt to the blockchain age. Lending and term borrowing based on digital assets is one such area. Stepping in with the required professionalism to cater for this market is the Residual platform and token.

The ecosystem will, as it progressively develops, allow borrowing based on digital asset holdings and furthermore it will facilitate the transparent tokenization of assets for the purposes of borrowing. As partnerships between the platform and traditional industry lenders grow, more opportunities will open. This will potentially include the tokenization of real estate and accounts receivable assets. This service can be of great value to SMEs both fiat and blockchain based.

The entire system will be predominantly trustless backed by the blockchain and fully automated. This automation also helps to reduce the cost of lending to all stakeholders within the transaction.

The project is due be launched in Beta phase by the end of 2018 with the continuous expansion of partnerships and implementation of various protocols to continue in the following 12 month period and beyond.

Overview

  • SymbolRSDLL
  • TypeERC20
  • Countryswitzerland
  • Start Date2018-09-15
  • End Date2018-12-15
  • Payment MethodETH
  • Total Supply50000000
  • SectorCryptocurrencyInfrastructureBankingInvestment
  • PlatformEthereum

Team

  • Howard Krieger, Asa, Ceiv

    Howard is a Managing Director in CBIZ Valuation Group, LLC (“CBIZ”). He specializes in the valuation of complex financial instruments including crypto-currency loans, interest rate swaps, agency and non-agency mortgage-backed securities (MBS), and collateralized debt obligations (CDOs). He is a former Big-4 Senior Manager responsible for a variety of assignments including: intangible business valuation, intellectual property valuation, financial modeling, valuation of equity participating instruments and other exotic financial assets/liabilities with almost 20 years’ experience.

  • Ryan Medlin
    Ryan Medlin is a seasoned Silicon Valley entrepreneur and technologist.

    His most recent exit was the sale of his proximity tracking and measurement company Datasnap.io in 2015 to Neustar where he then led a team of engineers to build out Neustar's IoT Identity initiatives. This included a product for IoT which was an improvement over normal PKI providing cryptography based policy enforcement and Identity Management in a highly decentralized architecture.

  • Kumar Sriram
    Technical Blockchain Advisor

    Symantec

  • Kevin Thompson
    Advisor

    FP&A / Strategy

  • Melissa Barbera,
    Legal Advisor

  • Michael Gale
    International Tax Advisor

  • Katy Atkinson
    Advisor

    Product Development. Director - ForgeRock

  • Alan Alford, PhD
    Advisor

    Risk Pricing (Economics)

  • Scott Banks, CPA
    Advisor

    FP&A / Controls

  • Edward Eaton
    Advisor Operations

  • Stanley Krieger
    Engineering Advisor - Quality Assurance

  • Daniel Love
    Product Design Advisor

  • Martin Williams
    Technology and Operations Advisor

  • Michael Forester, CFE, CMB, CPA
    Advisor

    Compliance

  • John Owens
    Operations Advisor

  • Howard Krieger, Asa, Ceiv

    Howard is a Managing Director in CBIZ Valuation Group, LLC (“CBIZ”). He specializes in the valuation of complex financial instruments including crypto-currency loans, interest rate swaps, agency and non-agency mortgage-backed securities (MBS), and collateralized debt obligations (CDOs). He is a former Big-4 Senior Manager responsible for a variety of assignments including: intangible business valuation, intellectual property valuation, financial modeling, valuation of equity participating instruments and other exotic financial assets/liabilities with almost 20 years’ experience.

  • Ryan Medlin
    Ryan Medlin is a seasoned Silicon Valley entrepreneur and technologist.

    His most recent exit was the sale of his proximity tracking and measurement company Datasnap.io in 2015 to Neustar where he then led a team of engineers to build out Neustar's IoT Identity initiatives. This included a product for IoT which was an improvement over normal PKI providing cryptography based policy enforcement and Identity Management in a highly decentralized architecture.

  • Kumar Sriram
    Technical Blockchain Advisor

    Symantec

  • Kevin Thompson
    Advisor

    FP&A / Strategy

  • Melissa Barbera,
    Legal Advisor

  • Michael Gale
    International Tax Advisor

  • Katy Atkinson
    Advisor

    Product Development. Director - ForgeRock

  • Alan Alford, PhD
    Advisor

    Risk Pricing (Economics)

  • Scott Banks, CPA
    Advisor

    FP&A / Controls

  • Edward Eaton
    Advisor Operations

  • Stanley Krieger
    Engineering Advisor - Quality Assurance

  • Daniel Love
    Product Design Advisor

  • Martin Williams
    Technology and Operations Advisor

  • Michael Forester, CFE, CMB, CPA
    Advisor

    Compliance

  • John Owens
    Operations Advisor