Cereal, the crypto asset backed fiat loan platform, Adds MIT Professor John R. Williams as Advisor

“The Cereal enterprise mannequin is one in all the finest I’ve seen in the blockchain house.”

The Cayman Islands, June 30, 2018 Cereal, a fintech startup & blockchain platform for crypto asset and mining rid-based lending market, has introduced that outstanding MIT professor John R. Williams has joined the staff taking an advisory function.

“I’m enthusiastic about Cereal as a result of they bring about a a lot wanted monetary product to the crypto-currency house by permitting traders and companies to leverage their crypto-assets as safety for fiat loans. The Cereal enterprise mannequin is one in all the finest I’ve seen in the blockchain house. Their technical and enterprise staff has great expertise and I imagine they’re one in all the few “strong” blockchain based mostly corporations,” stated Professor John R. Williams about the appointment.

Professor John R. Williams, Professor of Info Engineering at MIT, was previously the Director of the AutoID Laboratory, the place he led MIT’s efforts in the invention and improvement of the Web of Issues and its software program structure. He has since gone on to direct MIT’s Geospatial Knowledge Middle the place utilized computational analysis is being linked to blockchain applied sciences. Professor Williams was named as one in all the 50 strongest individuals in pc networks in 2005, alongside Invoice Gates and Larry Ellison. He has authored over 150 publications.

Professor John R. Williams additionally stated that “Cereal goes to alter the manner individuals view cryptocurrencies as a medium of alternate. The limitations to shifting between fiat currencies may be eliminated through the use of secure crypto-currencies as an middleman. Moreover transaction prices and time delays may be lowered considerably permitting anybody with a cellular phone or a laptop computer transfer their property with out friction.”

Right now, holders of cryptocurrencies and cryptocurrency-related property had to decide on between sustaining their investments and cashing out to fiat cash to fulfill their day-to-day monetary wants or cowl the working prices of mining rigs, shopping for new gear, and funding future upkeep. Nevertheless with the Cereal platform there is no such thing as a must money out for quick wants for fiat foreign money .Cereal is aimed to create an ecosystem of high-quality and reasonably priced loan merchandise for the crypto neighborhood.

Cereal will create an progressive blockchain-based platform that may instantly join cryptocurrency fans, monetary corporations, traders, retailers, and producers and lead the loan market to new grounds. Other than it, the Cereal token will energy a common loyalty program framework with a system of economic incentives for all contributors.

Cereal is positioned to strengthen its establishment in the rising cryptocurrency-asset-based lending market, estimated at $30 billion, and draw out the participation of the world’s tens of millions of crypto fans. A strategic partnership with Giga Watt, the world’s first full-service mining answer supplier, is already in place. This can assist speed up Cereal’s suite of next-generation loan merchandise, backed by Giga Watt’s mining infrastructure.

Co-founder and CEO of Cereal, Sergey Vart is a serial entrepreneur that has based fin-tech startups like Credeo and Rassrochka24.

“Professor John R. Williams becoming a member of our staff implies that he recognises Cereal’s know-how and enterprise worth. We are going to work with Professor Williams in incorporating his pc engineering experience to create synergy with Cereal, ” stated Cereal’s CEO Sergey Vart.  

So far, Cereal has accomplished a non-public pre-sale of CRL tokens and a public ICO sale can be held from Might 25, 2018 to July 31, 2018.

For extra data, go to https://cereal.cryptonomos.com

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Professor MIT John R. Williams

About Cereal

Cereal is a visionary asset-based lending platform. In keeping with the founders, it’s set to remodel the cryptocurrency-secured loan market and develop an asset-based lending community for tens of millions of cryptocurrency fans round the globe.

This can be a sponsored press launch and doesn’t essentially mirror the opinions or views held by any workers of NullTX. This isn’t funding, buying and selling, or playing recommendation. All the time conduct your personal impartial analysis.

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