TWQ Token

iP2PGlobal Cryptocurency Financing Platform

iP2PGlobal Cryptocurrency Financing Platform aims to re-shape personal financing by introducing Sharia compliant financing products to individuals worldwide. Offering the first unsecured crypto financing product, the platform will also feature a single global benchmark rates for fair loan pricing, compensation fund to cover default risks, full KYC & AML compliance and proper e-lending legal documentation in order to enforce debt collectibility, furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage. TWQ Token, an ERC20 token, is the platform’s system token. Borrowers will have to stake a certain number of TWQ Tokens when applying for personal financing on the iP2PGlobal platform. The TWQ Token is reusable and will be returned to the Borrower in the event of a successful loan repayment.

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About TWQ Token

The rapid advancement in Blockchain technology, opens up a host of possibilities to build a comprehensive financial services ecosystem in an open and transparent manner. Tapping on this technology, iP2PGlobal aims to introduce a global solution to provide affordable and accessible financing to borrowers and attractive risk-adjusted returns to lenders.

iP2PGlobal plans to develop a peer-to-peer ("P2P") financing platform using smart contracts and blockchain technology called iP2PGlobal Personal Financing Platform (hereinafter referred to as “iP2PGlobal Platform” or “Platform”). The iP2PGlobal Platform will bring together borrowers and lenders from all over the world and connects them on a single platform in a trusted, fast and easy manner.

The financing products offered over the platform is based on Sharia finance principles. Sharia finance principles mean prohibition of interest and usury, steering clear of uncertainty based transaction, avoiding gambling and avoiding investments in the production and selling of impure goods and goods of no use or no value. Sharia finance principles also relates closely to the concept of ‘Ethical Finance’ that emphasise the values of fairness, equality and morality in finance.

iP2PGlobal Platform will open up financing to a big Muslim population (estimated population of 2.18 billion(1), who wants to borrow and lend according to Sharia finance principles. However, although Sharia financing products are sought after by Muslims, this does not preclude or should deter non-Muslims from tapping onto the platform, iP2PGlobal Platform is open to everybody regardless of their gender, race or religion

. Two financing products, an unsecured and a secured personal financing products based on Tawarruq(2) contracts will initially be offered. In the future, we aim to add other financing products based on other Sharia financing contracts, such as Ar Rahnu and Musharakah(3) amongst others.

The TWQ is an ERC20 token that confer the right to the token holder to submit an application for a personal financing based on a Commodity Tawarruq Trading program through the iP2PGlobal platform and have it listed in the platform for prospective lenders to view and choose to finance. The TWQ Token is a pure utility token and does / will not provide any other rights and functions to its holders.

The medium of financing in the iP2PGlobal Platform will be in stablecoins that pegged its value to flat currency. In it’s initial stage, the platform will be using PAX and TUSD, in the future more stablecoins will be accepted as the medium of financing in the platform.

Movie

The team

Azaraie Mohamad Ghazi

Advisor

Azli Noor

Head of Legal and Compliance

Azmin Hassan

Advisor

Derek Lee

Head of Business Development

Dot Yusof

Chief Marketing Officer

James Loy

Head of Credit Risk Management

Muhammad Radzi Ibrahim

Chief Operating Officer

Rashdan Ibrahim

Chief Executive Officer

Roadmap

  1. 19 February 2018

    Start of Pre-ICO.

  2. February, 2018

    Pre-ICO starts TWQ Token commences. Beta version of modified platform ready for testing.

  3. April, 2018

    ICO of TWQ commences.

  4. June, 2018

    iP2PGlobal modified platform launched and TWQ tokens ready to be used on the modified platform.

  5. Q2, 2018

    Development works commences on new platform using Smart Contracts. Discussions with 3rd party credit scoring providers and verification providers.

  6. Q3, 2018

    Alpha version of new platform ready. Integration of new platform with 3rd party credit scoring and verification providers.

  7. Q4, 2018

    Beta version of new platform ready for testing, with integration with 3rd party credit scoring and verification providers completed.

  8. January, 2019

    New platform launched.

  9. Q1 - Q2, 2019

    Focus on developing markets in Phase 1 countries of the Targeted Markets.

  10. Q3, 2019

    Mobile Application Development.Develop behavioural learning software to integrate into our credit scoring model.

  11. Q4, 2019

    Additional coins and tokens integration for financing.

  12. 2020 Onwards

    Focus on Phases 2 and 3 countries of the Targeted Marketsv.

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