Overview

Blockchain-Powered Non-Dilutive Funding for Startups and Small Businesses.

Project stage

Working product

Detailed description

CORL is the world’s first token to represent equity ownership in a company that provides revenue-sharing financing to high-potential early-revenue companies. Unlike traditional tokens on the market, CORL is based on a profit-sharing model, whereby investors receive quarterly dividends in the form of Ether (ETH), based on future earnings of Corl. The Corl token utilizes blockchain technology to issue tokenized dividends to its investors and provide a transparent and KYC-compliant ownership model. Corl tokens will be implemented on the Ethereum public blockchain and adhere to the ERC20 protocol.

Corl offers revenue-sharing investments to emerging companies for boosting growth capital, hiring employees, product development, market expansion, and more. The platform serves both sides of the market; companies and investors. For companies, the Corl platform represents the application portal to apply for funding, manage disbursements, and track payments. For investors, the platform provides information on the value of their ownership, dividend payouts, portfolio analytics, legal disclosures, and audited financial statements.

CORL is the world’s first token to: 

  • leverage the power of blockchain technology to support and accelerate the growth of emerging growth companies through revenue-sharing investments; 
  • aim to achieve regulatory approval as a securities token; 
  • represent 100% equity ownership in a company; 
  • issue tokenized dividends in ETH.

Problem

Companies operating with less than 20 employees represent 98% of the total funding market, and yet have the most challenge with raising capital. Traditionally, investments in companies are structured via equity through Venture Capitalists (VCs) and Angels, or for later-stage companies, via a debt instrument offered through Banks. However, these options are inadequate for both entrepreneurs and investors because of their long fundraising timeframes, lofty eligibility criteria, inflated cost of capital, misalignment of investor-entrepreneur incentives, lack of investor liquidity, dilution of founder influence and control, high capital hurdles, long-term commitments, unstable investment pipeline or deal flow to manage diversification, and restrictive regulatory requirements.

Solution

Unlike most financing companies, Corl does not issue debt or equity investments, but rather, “dequity”. Companies that meet our strict funding requirements are financed through a revenue-sharing arrangement, whereby companies receive upfront capital in exchange for a percentage of future monthly revenue until some pre-determined repayment amount is met. This type of financing structure is mutually beneficial for Corl and the company receiving funding, because the objective for both parties is to maximize revenue.

Features

Aligned Interests
Corl’s revenue-sharing model aligns entrepreneurs and investors to drive startup growth - no strings, no board seats, no forced sales.

Simple and Quick
Fundraising has never been easier or faster. Get approved and receive capital in 2 weeks or less.

Transparent
Track Corl investments and progress in real-time through our investor dashboard.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : CORL
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Security token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
STO — Soon
Start Soon
NA No - Uncapped Uncapped
  • Team

    • Sam Kawtharani photo
      Sam Kawtharani
      Co-Founder, CEO
    • Derek Manuge photo
      Derek Manuge
      Co-Founder, CIO
    • Matt Ward photo
      Matt Ward
      Chief Growth Officer
    • Robert Bialek photo
      Robert Bialek
      Head of Engineering
    • Shane McQuillan photo
      Shane McQuillan
      Head of Strategy
    • Baaba Hughes photo
      Baaba Hughes
      Community & Marketing Manager
    • Ben Ames photo
      Ben Ames
      Business Development Manager
    • Lian Liam photo
      Lian Liam
      Full Stack Developer
    • Konrad Kipczak photo
      Konrad Kipczak
      Full Stack Developer
    • Erick Munoz photo
      Erick Munoz
      Full Stack Developer
    • Nathan Schmidt photo
      Nathan Schmidt
      Full Stack Developer
    • Luiz Oliveira photo
      Luiz Oliveira
      Machine Learning Engineer
  • Advisors

    • Bill Tharp
      Royalties
    • Lisa Koverko
      Legal
    • Safwan Zaheer
      FinTech
    • Liz Rabban
      Blockchain & Strategy
    • Sandy Hershaw
      Venture Capital
    • Darren Franceshini
      Blockchain
    • Matt Mcguire
      Compliance
    • Mayco Quiroz
      Treasury & Strategy
    • Ben Clayton
      Startups
    • Paul Mears
      Blockchain & Startups

Roadmap

No information

Activity