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/biz/ - Business & Finance


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File: 63 KB, 663x512, CrescoFin.png [View same] [iqdb] [saucenao] [google]
24439899 No.24439899 [Reply] [Original]

CrescoFin is a registered Swiss Bank, taking institutional deposits on the front end, insured by Lloyds of London.

In the back end their deposits earn interest on Aave money markets on ethereum. See this Aave governance proposal for more details:
https://governance.aave.com/t/creating-a-market-for-insured-real-world-assets-and-bringing-institutional-investors-to-aave/1445

As a company connecting real world banking, deposits, invoices etc. to Ethereum, they are naturally powered by chainlink.

They already have $125m in deposits. Stani, founder of Aave, is an advisor, as are ethereans David Hoffman and Ryan Sean Adams.

On top of all this there are no VCs or Seed sales whose buyers are waiting to dump.

Currently its market cap is $4.5m, or $30m fully diluted which is crazy. API3 is another "Chainlink killer" which will never amount to anything and is trading at a $130m FDV for comparison. Cresco's FDV puts it below complete shitcoins and zombie chains, yet Cresco is clearly a very solid product.

ICO is ongoing here: https://app.dodoex.io/wCRES-USDT

My bags are filled, though I'm trying to scrape together more funds. It's currently at $3, $10 seems like a EXTREMELY conservative short term price target ($15m market cap, $100m FDV) and from there I can see it getting to $30-100 quite easily).

SUICIDE STACK: 1k
MAKE IT STACK: 5k
FUCK YOU STACK: 10k

>> No.24439993

>>24439899
i'm not buying Elsa

>> No.24440282
File: 89 KB, 575x414, crescofin.jpg [View same] [iqdb] [saucenao] [google]
24440282

If you happen to have bloomberg, try searching for CrescoFin.

Their money markets are listed on bloomberg, as is the company CrescoFin itself. You're not buying a funding token here, or a utility token, you're buying an equity token at what is equivalent to early VC prices in the real world.

>> No.24440378

>>24440282
oh fuck. anyway i got a 1k suicide stack to be safe lol

>> No.24440825
File: 135 KB, 2377x1672, crescograph.png [View same] [iqdb] [saucenao] [google]
24440825

bump

>> No.24440854

>>24439993
fpbp

Elsa is such a dumb cunt, but I bet she's a fucking beast in the bed.

>> No.24441172

This is one of the few moments in crypto where I am baffled by the undervaluation of a project. The last time I felt this way was Kleros at 1c. Once these guys start paying dividends from their hundreds of millions of deposits I think we’ll see this realise it’s true value.

>> No.24442189
File: 201 KB, 663x749, nolinker.jpg [View same] [iqdb] [saucenao] [google]
24442189

bump