About Tawarruq Token
The Tawarruq Token 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 emphasize the values of fairness, equality and morality in finance.
|Token Name||Tawarruq Token|
|Token Price||0.12 USD|
|Token Sale||235,000,000 TWQ|
|Restricted countries||United States of America|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
What Is Ip2p Global
A single platform matching borrowers and lenders across the globe for p2p personal financing.
ETH & USDT Based
Tawarruq Token Financing using ETH and USDT as a medium with their combined strong following and large market capitalization.
Securing personal financing against crypto coins such as BTC, ETH, BCH, DASH, XRP and LTC.
Tawarruq Token Products are based on Sharia principles, targeting a global Muslim population of approx, 2.18 billion. However it is a platform for everyone around the world
Choice in Financing
As 1st financing product, they will be launching the unsecured and secured personal financing (Tawarruq) using proprietary utility token, TWQ
Fast, Transparent, Trusted
Platform ERC-20 Smart Contracts & Blockchain technology to ensure transaction executed in fast, transparent and trusted manner
The Current P2P Lending Landscape
iP2P is the practice of lending money to individuals or businesses through online services
that match lenders with borrowers. P2P is a relatively new industry, with the first P2P lending platform only starting in 2005 in the United Kingdom. Prior to the introduction of P2P lending platforms, the main source of any financing for individuals or companies was from traditional lenders such as banks and finance companies.
Solution to the Problems
Using ETH as medium of financing
All financing and borrowing over IP2PGlobal lending platform will be in ETH. They have chosen ETH as the medium of financing over our platform for several main reasons:
Large Market Capitalisation
ETH has a strong following as evidenced by its large market capitalization as well as the fact that many ICOs launched ECR20 tokens that are based on Ethereum protocol. As at 21 December 2017, ETH has a total market capitalisation of USD79.69 billion, making it the second largest market capitalization among cryptocurrencies after Bitcoin as shown in the table below.
The TWQ Token
The TWQ is an ERC20 token that confers 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.
Unsuccessful Financing Situations
In the event of unsuccessful financing cases, whereby the level of bids received was less than 50% of the financing amount applied or in cases where it was not accepted by the borrower for bids received falling between 50% to 70% of the financing amount applied.
Late Payment / Event of Default Situations
Four days before the deferred payment due date, iP2PGlobal platform will send a daily automated message by email to the borrower as a reminder for them to transfer the ETH to the Deferred Payment Wallet. This is to give the borrower ample time, in case, the borrower needs to purchase ETH from Exchanges using fiat money.
James Roy Chief Executive Officer
DEREK LEE BOON WAH Director
RASHDAN IBRAHIM Director
IBRAHIM Head of Operations
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