ResidualToken ICO & Token Sale
- ResidualTokenCryptocurrency, Infrastructure, Banking, Investment
The debt was civilization’s first currency and medium of exchange. Economies relied on trust displayed over long periods of time among well-known associates to operate. Fiat currency requires multiple parties to trust in the same sovereign backer. A gap exists between traditional fiat lending and digital asset-backed lending. Residual promotes digital asset-backed financing to expand individual borrower access to liquidity by empowering professional lenders with a modernized version of the traditional lending framework, a simple and intriguing bridge from old to new. The decentralized ledger blockchain model cuts out intermediaries and provides documentation, and offers training to adopters of the lending platform.
They are planning to have a SOC1/2 audit performed over the protocols at this time as sufficient volume is running through the ecosystem to warrant the attestation.
About Residual Token
Residual Token Inc. designs the protocols, provides documentation and offers training to adopters of the lending platform. The enterprise-grade digital asset lending platform is for lenders and the borrowers with whom they do business. The open-source, lending management protocols and vast traditional fiat lending experience bridges this gap. Built on the blockchain, our system is mostly trustless with the exception of certain assessment protocols, information privacy modules and fund transfer activity. Residual provides training on protocol implementation and documentation for end users. They believe that by providing a set of trustless workflows to facilitate this type of lending, holders of digital assets would be willing to invest more of these assets into illiquid, tokenized assets and blockchain concepts.
Howard is a Managing Director in CBIZ Valuation Group, LLC (“CBIZ”). He specializes in the valuation of complex financial instruments including crypto-currency loans, interest rate swaps, agency and non-agency mortgage-backed securities (MBS), and collateralized debt obligations (CDOs). He is a former Big-4 Senior Manager responsible for a variety of assignments including: intangible business valuation, intellectual property valuation, financial modeling, valuation of equity participating instruments and other exotic financial assets/liabilities with almost 20 years’ experience.
His most recent exit was the sale of his proximity tracking and measurement company Datasnap.io in 2015 to Neustar where he then led a team of engineers to build out Neustar's IoT Identity initiatives. This included a product for IoT which was an improvement over normal PKI providing cryptography based policy enforcement and Identity Management in a highly decentralized architecture.
- 5Self PromotionHoward