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ABT100 - Factoring Asset-Based Token

Factoring offers an attractive growth potential and essential positive socio-economic impact due to its relatively small market share worldwide and until now prohibitively high costs.
The Factoring Asset-Based-Token (ABT100) will allow companies to benefit from factoring through secure, economical and transparent processes.
Factoring illustartion Created with Sketch. PAYMENT ACCOUNTS RECEIVABLE SHIPPING SELLER FACTOR BUYER / DEBTOR PAYMENT
Core benefits of CoopCoin’s ABT100 Factoring Token
The ABT100 can be identified from potential investors around the globe, increasing the probablilty of success
Additional features such as splittling &
bundling of ABT100 open up opportunies for private and institutional investors
Security through blockchain and thorough regulatory research build trust for all entities involved
The tradability of ABT100 make them an attractive and liquid investment opportunity
A transparent market shall eliminate information asymmetry and lead to fairer pricing processes

Please refer to the ABTRC100 and the Business Case for the technical documentation

The process of an ABT100 (simplified)

Workflow Created with Sketch. SELLE R COOPCOI N Transfer of outstanding debt in Fiat Money Transfer of Fiat Money Verification of Documents Identification and Reservation of Investment Opportunity Transfer of Liquidation Profit Transfer of Fiat Money to invest Minting & Assigning ABT and Challenging Liquidation Upload of Documents INVESTOR ABT OWNE R LOCAL PARTNER BUYE R
1.
Partner creates factoring contract & requests CoopCoin to mint a corresponding ABT100
2.
Concensus on contract mints ABT100, representing the real-world asset, & assigns ownership
3.
Owner can sell or use ABT100 on secondary market (e.g. as collateral)
4.
CoopCoin signals ABT100 as ready to be liquidated & verifies ownership
5.
Partner pays owner & obtains cryptographic proof of destruction of ABT100

Roadmap estimation

Q4 2018
  • One fluid experience
  • First third-party audit
Q1 2019
  • CoopCoin 1.0
  • Additional functionalities
  • Bidding
  • Advanced AML and KYC user management
  • Subscription service for Investors
  • Automated investing
  • Second third-party auditing
Q2 2019
  • CoopCoin to work with other assets
  • Complete integration with Ethereum Network
  • Automatic scaling
  • Open API
  • Exchange of ABTs with other markets
  • Third-party module for partner factoring companies
  • First investment with crypto
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