An investment in utility or payment tokens is something unique because they are not really a claim to or an equity of the company that issues the crypto. Therefore ‘trust’ in the management team and owners of the issuing entity is highly important.

Since the cryptocurrency market is still relatively new, it is inevitable that it has its own fair share of fraudster and scammers, do bear in mind that these happened in any new markets, it happens in the US Savings & Loans industry in the 1980s, it happens in the US tech stocks boom years in the 1990s, and it’s definitely happening now in the cryptocurrency market. The question that many investors of these fraudulent projects have and will asked themselves are; “how did we trust the issuer?, how did we trust the management, the advisors?”.

When we first planned our first ICO in February 2018, we thought of hiring ‘influencers and tech experts’ as advisors, like what many other ICOs do, and we did talked to many. However the sad truth was, a lot of these ‘advisors’ are just selling their name to ICO issuers desperate to make up numbers or to imbued their whitepaper and website with more ‘tech or blockchain’ credentials for a fee. Some advisors do not even care to read the whitepaper which feature their faces and profiles.

So at iP2PGlobal we decided to do the boring thing and just tell the truth, and the truth is the management of iP2PGlobal are mainly ex-bankers and financial practitioners, and so are most of our advisors.

To understand more lets go back to the reason why we established iP2P Global in the first place….

One of the main reason that attracted us to establish IP2Pmoney was the disruptive effects that peer to peer (P2P) lending technology brings to the traditional bank loan market, because as ex-bankers we are well acquainted with the inefficiencies that existed in the traditional banking industry, and also the opportunities for P2P lending, especially in the unbanked segment of the population.

We view Blockchain as the ultimate disruptive technology, and Cryptocurrency as its first iteration. We have always dreamed of building a global P2P loan platform, but the main problem that always defeated us in the past is on the choice of a suitable fiat currency for a global platform. Cryptocurrency gives us that solution, because of its borderless and decentralised nature.

We believe that a P2P crypto loan platform will further disrupt not only the traditional banking market but also the fiat P2P loan industry.

So how good are we? Are we capable ?

The key here is to match the capabilities of the team with the business ecosystem that they are trying to build. if there is a mismatch, then it is something to be beware of. IT and blockchain specialists are important, but a team predominantly filled with just that, may not understand the commercial aspect of the business they are trying to build and manage…

….and the business we are building is a peer-to-peer lending platform that uses Cryptocurrency as its medium of exchange…

We like to think that we are uniquely qualified to build and run this business, with our combined experiences in investment banking, retail banking, debt and money market trading, SME lending, financial trustee and legal. Some of us has worked in world leading financial institutions and institutions such as Deutsche Bank, Development Bank of Singapore, HSBC, Petronas. Three of the management have been owners or directors of regulated entities, therefore has passed “fit and proper” test of financial authorities.

In terms of blockchain and IT specialists we do have an in-house team of developers, after all we did developed a fiat P2P lending system and an escrow crypto/fiat marketplace by ourselves.

Why are we different from a lot of other IEO/ICOs

One of the most important distinction between TWQ token and other tokens is that the TWQ token is issued by iP2P Global Ltd., which is not a new entity put together just to do an ICO, as many other ICO entities are. iP2PGlobal started life as iP2Pmoney in September 2015, soon after, the development of our P2P loan platform took place and was completed in August 2016. In December 2016, we launched our fiat based peer to peer lending platform in Indonesia with a local partner, called ‘Mariusaha’, this was prior to formal P2P regulations being introduced by the Indonesian financial authority. Unfortunately due to misunderstanding with the then local partner, we decided to suspend the operation there in December 2017.

With new and stronger partners, iP2P Global will soon restart it’s iP2PMoney Indonesia operation, with formal submission planned to be done in January/February 2020. The new iP2PMoney Indonesia will be a regulated P2P lending operation licensed by the Financial Services Authority of Indonesia.

IP2P Global Ltd was established in January 2018, to take over the iP2PMoney business and to expand our business into the blockchain and the cryptocurrency world, and we did just that when in October 2018, we successfully developed and launched iP2PGO, an escrow P2P crypto/fiat marketplace. The company also provides blockchain enterprise solutions to corporate and institutional clients in Malaysia, Indonesia, Singapore and China.

The success of our TWQ Token’s Initial Exchange Offerings is very important to us, since this will allow us to finally fulfill our aspiration of launching a crypto lending platform that are truly global and fair.