With continued long-term worries of the global economy, those outside of the top 10% of wage earners around the world are concerned about their financial future. These worries are amplified by those who wish to follow their goal and create their own brand, instead of working in a corporate atmosphere.
Currently, there are very few avenues for potential change outside of drastic changes in representatives in various legislative bodies in the global community, however, unlike some of the more speculative cryptocurrencies – possible solutions may exist outside of fiat currencies.
The recent attention paid to cryptocurrencies over the past two years has created a volatile market for Bitcoin, which has yet to develop any practical use besides being a fascination for those interested in speculation.
The mainstream focus in cryptocurrency has yet to shift major focus to currencies which with have real-world application. Yet, a number of Initial Coin Offerings (ICO) are focused on currencies which will help those outside of the top wage earners reach their goals.
A Fair Revenue Sharing Model
CORL is a Canadian company founded in 2016 and has the goal of helping entrepreneurs to have access to capital – without having to pay heavy interest fees commonly associated with traditional banks. They look to combine blockchain with a flexible repayment schedule and higher expected returns than banks.
They encourage companies in software, technology, and knowledge-based companies to use their platform to help with their crowdfunding efforts. While they are currently offering to fund Canadian companies, they are planning to expand internationally after their initial launch.
From their website, CORL is explained in the following:
Unlike most token offerings, the CRL Token (CRL) represents equity ownership in Corl, the company that invests directly in private companies with revenue-sharing agreements. In addition to equity ownership, the token issues dividends on a quarterly basis based on a fixed percentage of the company’s profits.
The company further explains their revenue their revenue sharing model:
Unlike most token offerings, the CRL Token (CRL) represents equity ownership in Corl, the company that invests directly in private companies with revenue-sharing agreements. In addition to equity ownership, the token issues dividends on a quarterly basis based on a fixed percentage of the company’s profits.
The Larger Picture
With continuous innovation in the gaming, technology, and emerging technology – companies like CORL provide a unique blueprint which could help facilitate continued growth in important spheres. Most of the created wealth in the world is mostly benefiting those who are already extremely wealthy, which makes the CORL mission statement extremely interesting.
Revenue sharing and allowing both entrepreneurs and investors an equal opportunity to benefit from the platform is similar to the efforts of TRON in gaming and LALA with helping displaced individuals have access to money and key documents.
The future international economy will depend on providing security for middle and working class individuals, so they do not have to consistently worry about their financial future. Providing easier access to financial growth is not only a matter of equity leading to equality, it also builds stronger economies around the world.