CrescoFin is a bank alternative. We are a regulated Swiss company that offers a simple product: an insured, interest-bearing deposit account on chain, with higher rates than in a bank.

Our mission is to make your money work harder for you. Our vision is to disrupt the core banking industry. Globally.

We are the world’s first real DeFi alternative to the $60.5 trillion (BIS, Q2 2019) bank deposit market.

Equity tokens. The Tokens are matched 1:1 with shares in the Company. The wCRES token can be freely exchanged by anyone, just like a share certificate traded on an exchange. When an equity holder wants to vote, they need to swap the wCRES token for a CRES token. The CRES tokens have full voting and dividend rights and are protected by Swiss law.

Anyone, unless you are prohibited by your local laws from purchasing equity in a Swiss company. It is up to you to verify that you have the required rights depending on your jurisdiction.

Tokens are not available to US Persons.

No. Under Swiss law, there is no KYC process required to purchase equity participations on an exchange. To swap a wCRES token for a CRES token (e.g. to participate in governance) the tokenholder must register with the Company which requires undergoing basic KYC.

The Founders are injecting already-issued equity in the Company in the form of tokens on the DODO Exchange (first) and then on Balancer.

1,500,000 equity tokens, representing 15% of the equity in the Company. 10,000,000 tokens have been minted, exactly matching the number of shares in the Company. An additional 2,000,000 may be issued to investors and new team member in the future. No more tokens may ever be minted. The finishMinting function has been called.

This is being offered in stages.

A Uniswap pool is planned in the near future.

10 million equity tokens exist currently, representing 100% of the share capital. This is all held by the Founders, who have financed the Company to date, and team members.

An additional (maximum) 2 million shares may be issued by the Company in the future, to incentivize new employees and to fund development. The equity tokens are capped at 12 million. No more tokens may ever be created above the cap.

The wCRES token is a simple ERC20 token that conveys equity rights in CrescoFin to the tokenholder. There is no restriction on transferability and no need to undergo a KYC check.

The Tokens represent equity in the Company. The wCRES token can be freely exchanged by anyone, just like a share certificate traded on an exchange. When an equity holder wants to vote, they need to swap their wCRES token for a CRES token. To do this, they must register with the Company. The CRES token is “heavier” (uses more gas) as it has voting functions. The Tokens reflect Swiss law (e.g. the right of the tokenholder to request to be included in the shareholder registry, represented by a CRES token, so they can vote).

No. Holders can swap between the wCRES and CRES token as they wish. They both represent equity in the Company; it is just that one is designed to be exchanged easily (and with low gas fees) and the other is designed for voting.

They are priced at early investor rates, to encourage ownership in the Company. It is a one-time offer. There are no outside investors to date. No special deals for anyone ahead of the community.

The Company is regulated and audited in Switzerland. Tokenholders have full investor protection under Swiss law. In addition, the token contracts are designed for investor protection (e.g. there are no admin keys over the wCRES token, there is no minting facility to safeguard against dilution, the Founders cannot make important decisions without community approval, etc.).