Hello, all....!!!! I met again with Lani123lani on this occasion, I will review a little about PCORE. for more details, let's be the same, see the following article:
Okay, let's just discuss it, now what is Pcore? Pcore itself is a Peer To Peer (P2P) project that is integrated in blockchain technology, with the aim of combining transparency, trust, speed and security of the blockchain with registered smart contracts and directly bringing together seller invoices and lenders.
Furthermore, regarding the benefits and objectives of the Pcore project, Pcore itself aims to combine current technology into a niche but a growing market. Because more and more businesses are turning to alternative funding other than banks, they are expected to be able to provide them with a platform that they can exchange their invoices in a faster way to get the right amount. The benefits in return help them grow, grow and follow business costs.
Our Finincials
For the purpose of the general financial health check, our income statement relies heavily on the user base. Due to the novelty of the idea, we expect that the number of clients will grow steadily in the future, which is reflected in our financial report. Detailed income statement can be found in Appendix A while user-base growth table on Appendix B.
Our financial model relies on several streams of revenues, upon which we have built our expectations. Namely, we evaluated invoices from sellers at £5,000. We take into account that 20 out of 100 users would opt for “cover” services, out of which 20 users that have taken cover 5 would not meet payments due date. Thus, we have 20% revenues obtained through commissions and fees related to “cover” transactions.
Additionally, as we expect year 1 to be the period of investment, there are important milestones and facts that we need to address. These include:
Technology year 1 includes construction of UK-based site, while year 2 consists of updating the UK platform and construction of Chinese online platform The Pcore cover payout is for invoices that have been covering by the score.
The seller cannot retrieve payment in time reasoning in payout to investors Commission 2% for using invoice selling platform
Pcore cover where seller chooses to use invoice cover. Charge percentage depends on the overall invoice value
Pcore cover payout return is for invoices that have opted for cover and invoice seller returns Pcore Interested 8% represents interest gained from overdue invoice cover payment
Monthly Fee charge is reserved only for the Chinese platform, with a launch planned on the 4th month of year 2
We expect sharp incline of net income at the end of the second year of operations, with both UK and China markets contributing to growth. The overall income surge we expect stands at 368%, driven by the increased number of clients and P2P transactions. Furthermore, we expect a yearly increase in net income between 500% and 1,000% by the end of year 6, when compared to year 2.
Whereas fixed costs remain stable, due to the increased number of clients, variable costs, Cover Payout expenses especially, will grow proportionately. Thus, it is no wonder that variable costs will overgrow fixed expenses by the end of the second year.
However, we do have cost efficiency plans to contain the cost per user, in order to bring forth income as promised. Thus, we plan to implement heavy scrutinization management systems that would allow us to keep “cover” expenses at the required level, with a minimum amount of defaults and bad debt as possible.
On the side of revenues, the main income drive remains to be “Cover” score revenues, constituting almost 64% of our entire revenue figures for both years. The said income channel is heavily reliant on the user base, which we expect to grow substantially, especially after the penetration of the Chinese market.
ON the side of users, as we increase our marketing expenditure and further penetrate the UK an Chinese markets, we expect sharp incline of newly registered accounts. Thus, the expected growth rate for year 2 stands at 604%, mainly due to the opening of the Chinese market.
We took into consideration that, although China’s marketplace would be larger, the overall revenue power of Chinese clients is lower. Thus, our model takes into consideration lower revenues, even though a larger number of users would come from China.
Lastly, funds will be used for 50% buyback of Pcore coin, which will be burned upon the purchase, to keep the market flowing seamlessly. We shall repeat the process until the entire market holds 1M Pcore PCC coin in circulation. Thus, we plan to achieve 1 million token markets by between years 4 and 5.
Pcore allows businesses and investors to trade regardless of their geographical location, eliminating the need for any third party. Through Pcore, it can also eliminate the need for third parties to help Pcore keep the cost of selling and buying invoices low and high speed. No need to wait longer, instant income to grow business and instant profits. And all invoices uploaded by the invoice seller are recorded on the Ethereum blockchain which eliminates errors and misuse. Businesses taken from the Pcore cover will guarantee the funds promised at that date due to investors.
Now we will discuss the details of the ICO from this Pcore project, please see below ...
Pcore ICO details
Project Name: PCORE
Symbol: PCC
Category: Platform Factoring Factors
Type: Token
Platform: Erc20
Limited countries: China & US
PCC Base Token Price: 0.39 USD per 1 PCC
Payment: Ethereum
Total Token Supply: 52 Million Pieces
Reserve Token: 20 Million Pieces
Token For Sale: 20 Million Pieces
Gift Token: 500 Thousand Pieces
Tokens Reserved for Teams: 11 Million Pieces
Soft Cap: 1 Million USD
Hard Cap: 5 Million USD
For now the crowdsale only accepts Ethereum cryptocurrency as a payment tool. In addition, you must use the Ethereum address with a PRIVATE KEY on the hand instead of using the Ethereum address from an exchanger such as Binance, Coinbase and others. To participate in crowdsale, you must have an Ethereum wallet that is directed to the token / crowdsale address. The development team is working with security auditors to complete the contract. When they have completed their analysis, Pcore will announce the date. Note that the crowdsale PCC parameter will be associated with the number of blocks, so time will depend on the mining level of Ethereum. The contract will be pushed to the main network Ethereum 3 days before the crowdsale starts.
Market Analysis & Operation Plans: China
With Brexit heavily in minds of UK citizens and business alike, we strived to conduct an accurate analysis of the situation. As it turns out, for invoice factoring, we see Brexit HYPERLINK "https://www.theweek.co.uk/brexit-0" HYPERLINK "https://www.theweek.co.uk/brexit-0" HYPERLINK "https://www.theweek.co.uk/brexit-0" as a chance and not as an obstacle at this moment. The economic power of the United Kingdom should not be underestimated, while Brexit opens the door of non-EU countries to sign trade deals.
Thus, our second largest market, after the UK, would be China. The Pcore limited expansion team will look to establish a worthy partnership across the Asian country, which is seen as the fastest growing economy in the world. The number of large businesses in various industries speaks that the country is a good source of revenues, especially since overseas invoice factoring might be quite attractive for expanding Chinese investors.
Currently, China has a labor force of more than 800 million, while exports account for $2.5 trillion, mainly to Europe and the US despite the trading war going on. With Apple leading the example, most of the largest companies in the world are of Chinese background or have large production units in the country. Thus, many of the smaller and medium-sized service companies exist that support enterprises and large population.
The real value that our platform can provide for Chinese companies lies in the fact that the Chinese market is in the expansion. Companies coming from the Asian market will have the opportunity to reach for invoices outside of their borders, using domestic currency to obtain Pcore coins. Without investments into marketing, investigation of new markets, and other expenses, both Chinese and European companies stand to gain from the P2P invoice factoring, excluding large investments to do so.
Additionally, China’s companies will be able to benefit from the know-how that the Pcore team shall provide, in terms of data validation, profit analysis, and security measures. Pcore we charge a monthly fee for invoice sellers with a 2% commission on platform sold invoices.
Main benefits of including China as our target market expansion plans consist of:
1) China firm will be able to send manufactured products after providing details to credible Europe/U.K. clients
2) Chinese companies will be able to forward invoices after the delivery of services/goods to Pcore auction platform and free up funds at a discount price
3) Help connect China and U.K./Europe trading partners. New trading partners from Europe U.K. will be able to receive good/products without upfront payments. Thus, the platform will help to build trust and enable both parties to flourish
Roadmap
Taking into account business development, we planned out an Initial coin Offering (ICO) as a channel of funding to build the necessary infrastructure for the Pcore invoice factoring platform. Using blockchain technology, we aim to build complete service and support teams that would carry out the necessary tasks of constructing, maintaining, and supporting the online marketplace.
The funds gained through the ICO would allow us to fund necessary operational activities, such as company offices, develop the trading platform, higher domestic and foreign professionals. At the starting stage, the only available currency shall be Pcore token, used for payments, fees, withdrawals, and deposits.
Should ICO commence successfully, the infrastructure would be developed within 2019, setting off the platform in a timely manner. Additionally, part of the pre-mined Pcore coins will serve as a reserve and bounty, while another portion will be held by the management team to ensure scaling opportunities.
As the market grows, we intend to list the token in external exchanges, to increase possible options for clients from around the globe. Thus, as a final stage, we intend to make core token tradable with any fiat currency in the world and attract top-notch companies to trade invoices within our platform.
Below is the planned supply of Pcore tokens:
to find out more about the Pcore project please visit the link below:
Whitepaper: http://www.pcore.co/whitepaper
Twitter: https://twitter.com/PcorePCC
Author: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
Eth's address: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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