Residual Token

About:

A gap exists between traditional fiat lending and digital asset-backed lending. The divide is  marked by safe, long-standing, regulated lending practices on the one side, and highly specialized engineers with big ideas on the other. Our open-source, lending management protocols and vast traditional fiat lending experience bridges this gap. Our protocols expand traditional lenders’ existing product lines, optimizes its origination processes and automates servicing capabilities. Built on the blockchain, our system is mostly trustless with the exception of certain assessment protocols, information privacy modules and fund transfer activity.



Intro:

An ecosystem for bona fide LENDERS which allows people or companies to borrow money using their Digital Assets as collateral. A gap exists between traditional fiat lending and digital asset-based lending. The divide is marked by safe, long-standing, regulated lending practices on the one side, and highly specialized engineers with big ideas on the other. Our open-source, lending management protocols and vast traditional fiat lending experience bridges this gap. Our protocols expand traditional lenders’ existing product lines, optimizes its origination processes and automates servicing capabilities. Built on the blockchain, our system is mostly trustless with the exception of certain assessment protocols and fund transfer activity.



Milestones:

Q4 2018

Basic Collateralized Lending Protocols and Lending Browser based DaPP using one Asset Class.​ Beta test Alpha of lending protocols in a closed environment.​ Begin full third party security audits.

Q1 2019

Additional Ecosystem Protocols such as Escrow, Uunderwriting, and Custodial Services. Ecosystem Servicing DApps using Protocols. Initial Lending Ecosystem Partners officially introduce its lending platform based on Residual protocols based on market feedback and asset classes. ​ Add 1 to 2 more asset classes determined by market demand. Potentially Real Estate and Accounts Receiveable tokenized assets.

Q2 2019

Advanced Protocols such as Collateral Valuation and Loan Pricing. Valuation and Loan Pricing Servicing DApps using Protocols.​ Pinning/Linking to Tokenized assets on non Ethereum blockchains. ​Iterate on existing protocols and features based on system usage and market factors. Onboard/Integrate 2 to 5 more partners in each Ecosystem Area. Onboard 5 to 10 more Tokenized assets based on market demand.

Q4 2019

Iterate with Ecosystem partners and add value add priority features and work towards how a more fully decentralized set of participants will work. Potentially annouce plans for Version 2.0, the evolution of platform. Engage other Blockchain platforms and technologies and determine how to interoperate. Potentially Migrate to Zen Protocol with formally verifiable and Finantial system domain focus.