CORL

CORL

Blockchain-Powered Non-Dilutive Funding for Startups and Small Businesses
Industry: Venture Capital Fund | Jurisdiction: Canada
Pending

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Token Sale

  • Private Sale Start
  • Private Sale End
  • Token Supply
  • Price

  • Pre-Sale Start
  • Pre-Sale End
  • Token Supply
  • Price

  • STO Sale Start
  • STO Sale End
  • Token Supply
  • Price

  • Accepted Currencies
  • Offering Size 5000000
  • Minimum Investment 25000

Token Details

  • Token Name CORL Token
  • Token Symbol CORL
  • Token Price
  • Blockchain Platform Ethereum
  • Issuance Platform Polymath
  • Standard ST20
  • Contract Address
  • Token Symbol CORL
  • Registration Country United States
  • Restriction - KYC Yes
  • Restriction - Whitelist No


Offering Details

  • Offering Type Equity Interest
  • Token Benefits & Rights: Dividends, Equity Ownership, Profit Share Right

Offering Terms Description:

The CORL token is legally equivalent to a Class B share.

CORL represents ownership in Corl, a financial technology company that issues revenue-sharing investments to high-potential early-revenue companies. In
addition to equity ownership, token holders are entitled to a portion of quarterly net profits of the company, making CORL one of the few tokens to issue dividends, and the only one to pay perpetual dividends in ETH.

Revenue Generation:
Corl is backed by a diversified portfolio of revenue-sharing investments in early-growth companies that are fully operational and generating steady revenues. Each investment generates revenue through the following streams:
1. Revenue Repayments, between 2% and 10% of revenue, up to the Repayment Cap of 1.5-2.5x the amount borrowed, which are paid monthly.
2. Equity Warrants, representing 2% of the equity in the company that expires 5 years from the effective date of the investment.
These sources of revenue will determine the profitability and financial position of the
company. Note that since the token represents equity ownership in Corl, the token price and quarterly dividends will depend on the continued growth of these revenue streams.

Profit Distribution
Investors are rewarded with 10% of quarterly net profits. These quarterly profits will be equally distributed over the number of outstanding tokens and sent to the public keys of record, where the tokens are stored. Since the dividend rate will be equivalent for all token holders, holders with a larger share of tokens will collect a higher share of the returns. In the event of a quarterly loss (i.e. the net income for the quarter is negative), no dividend distribution will occur. All dividends will be paid in the CAD equivalent amount of Ether (ETH) at the time of the dividend payout, corresponding to the last day of January, April, July, and October.
To grow the company over time, the remaining 90% of quarterly net profits will be reinvested back into the company. The primary role of reinvested capital is for funding new agreements with companies and proportionately scaling operations.

Note that since 100% of the equity of the company will sold during the token sale and the number of tokens in circulation will be fixed, no new tokens will be issued by the company and hence the price will never be diluted.

Token Distribution Details:

Proceeds Allocation:

Company Profile

  • Corporation Name Corl Financial Technologies Inc.
  • Company Type Corporation
  • Country of Incorporation Canada
  • Date of Incorporation

Address:

4000 RUE SAINT AMBROISE
SUITE 375
Montreal,QC
Canada

  • Phone 5144414649
  • Email

Company Verifications

  • CIK#
  • CRD#
  • SEC# 0001745155
  • CUSIP#
  • ISIN#

STO Partners

POLYMATH


Company Management

Name Title Linkedin
Sam KawtharaniCo-Founder, CEO
Derek ManugeCo-Founder, CTO & CRO
Robert BialekHead of Engineering

Advisors

Name Title Linkedin
Bill TharpRoyalties
Lisa KoverkoLegal
Safwan ZaheerFinTech

Notes

We’re working with the AMF to achieve compliance in Canada and will be seeking approval from the SEC after along with the necessary jurisdictions.
https://lautorite.qc.ca/en/general-public/
Member: Canadian Lenders Association (CLA) - http://www.canadianlenders.org/

Interview with Founder: https://soundcloud.com/matthew-aaron-690749808/security-token-offerings-sto-101-w-sam-kawtharani

We are allocating 667,000 CORL Tokens to our Bounty Program.
~267,000 tokens have already been claimed
Campaign End: pending Regulatory approval

Bounty Program Allocation:
Campaign Type Tokens Bounty Percent
Reddit Campaign 40,000 10%
Signature Campaign 100,000 25%
Content Campaign 120,000 30%
Facebook Campaign 60,000 15%
Twitter Campaign 60,000 15%
Translations 33,350 5%

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