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Nigeria
2020 (6 Years)
Last online: No recent activity
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Egoras
Company Information
Get to know Egoras
Egoras positions itself as the world's first decentralized credit protocol backed by uncollateralized physical and intangible assets. Operating on the blockchain, its mission is to empower small and medium-sized enterprises (SMEs) and entrepreneurs who lack the collateral required for traditional bank loans. The protocol connects these borrowers with lenders in a peer-to-peer fashion. Instead of collateral from the borrower, loans are secured by a pool of guarantors who stake the native Egoras (EGR) token to underwrite the loans, earning interest in return. The ecosystem also includes the Egoras Dollar (EUSD), a stablecoin used for loan disbursement and repayment.
Industry
Review Analytic
Eriminuoluwa David Orolugbagbe
Direct
Excellent
Overall Thought
I recently tried Egoras and was quite impressed with the overall experience. Their customer service was top-notch, promptly addressing my inquiries and concerns. They offer a diverse range of products and services that cater to various financial needs, which I found highly beneficial.
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