Blog

CREDON 2023 UPDATE

Since the beginning of 2023, the CREDON team has been working hard to update and improve the CREDON P2P platform software system to provide a better and more convenient service for our customers and partners.
All work is carried out at the expense of the company's shareholders, without attracting external investors.
Currently, the Credon platform does not register new users and does not accept investments.
We plan to complete the entire process of updating and testing the improved CREDON platform within the next month and will be happy to announce the resumption of work with new features of using the CREDON platform.

PUBLISHERS ABOUT US

Lars Wrobbel made tutorial for investing through the Credon platform, read here: https://passives-einkommen-mit-p2p.de/credon-erfahrungen/

MESSE STUTTGART INVEST 2022

From 20 to 21 May 2022, Invest, the leading trade fair for finance and investment, took place for the 21st time in Stuttgart. Exhibitors were meeting with private investors, banking advisors, asset managers, brokers and service providers from the financial world. Financial fair marketplace and the Green Money fair offer information platforms for direct exchange of information with top-notch and well-known financial experts. Here, Credon representatives found valuable expert knowledge for asset accumulation and first-hand financial tips over two days.

CREDON SUPPORTS SNEAKY PEER

We decided to trust cooperation with the platform Sneaky Peer https://sneakypeer.com/platforms/credon-review/ and did the right thing!

NEW FEATURES FROM CREDON

Don't miss your chance to join investors and earn up to 15 percent per annum!
Sing up here: https://credon.com/register/login/

COOPERATION WITH P2PMarketData

According to the affiliate program, you can find us on the platform P2PMarketData.
You can get acquainted with the development of our platform, as well as other leading platforms, here: https://p2pmarketdata.com/platforms/credon/

SUMMER PROMOTION

The CREDON team wishes you a good summer and gives you the opportunity to get 5 percent cashback!
Sing up here: https://credon.com/register/login/

SUPPORT FOR UKRAINE

The Credon team recommends the fundraising platform UNITED24, which is engaged in a good cause - helping Ukraine https://u24.gov.ua/
Funds will be transferred to the official accounts of the National Bank of Ukraine and allocated by assigned ministries to cover the most pressing needs.

AFFILIATE PROGRAM

CREDON is a very positive project that from the very beginning prosperously established itself. Now the project has an affiliate program under which the Partner receives 10 euros for Investor registration plus one percent of the investment amount within 180 days, and the Investor will receive cashback of 1 percent of the investment amount within 90 days. Join the affiliate program here and start earning!

APRIL RESULTS

Dear Credon investors, let’s take a look at our April 2022 results! It was a challenging month full of hard work, but the outcome for our company is indeed encouraging. The amount of new investors increased up to 71%, while average percentage for the investments equals 13,27%. Make profit together on Credon!

GET STARTED WITH JUST 20 EURO

Credon will allow you to start a path of your investments just within 20 euro. With Credon, building and earning passive income and being financially independent is easy! Why not to try start investing on Credon?

CREDON SUPPORT

Dear investors, now you can contact Credon support via live chat on our website. Don’t hesitate to reach out!

The Credon Team wishes Happy Easter to you!

Let this Easter be blessed and meaningful.

May this glorious season bring you and your loved ones peace, love and happiness.

With regard to Easter Holiday, our team presents you with 2% Cashback on all loans placed on the Credon platform.

CREDON DECEMBER CASHBACK

To celebrate the Christmas holidays more pleasantly, we have added a Cashback bonus to your investments, which means there is a unique chance to earn more in December with beneficial offers from the CREDON platform.
Until December 31, 2021, we offer 0.5% cashback on all investments over 1,000 euros, 1% cashback on all investments over 2,000 euros and 1.5% cashback on all investments over 5,000 euros.

NOVEMBER 2021 NEWS!

The parent company of the CREDON platform, the company UAB "HST KOMUNIKACIJOS", in 2021 also received licenses from the Bank of Lithuania for the activities of crowdfunding and 2P2 platforms!
https://www.lb.lt/.../sfi-financial.../uab-hst-komunikacijos

LITHUANIA COULD BECOME THE EU'S CROWDFUNDING BUSINESS HUB!

Beginning November 10, 2021, the European Parliament and European Council regulation on European crowdfunding business service providers will come into power and will bring fundamental changes to the EU’s crowdfunding market. Starting November 10, a company with a crowdfunding licence in any EU country will be able to offer crowdfunding services across the EU. This means that crowdfunding companies established and licensed in Lithuania will be able to serve the entire EU market.

Auto Invest is a useful tool for collecting, analyzing, processing data, quickly testing hypotheses and selecting investment objects to save the investor's time. After the investor has entered his criteria for investment, Auto Invest begins to automatically invest in loans and projects based on the selected data. Therefore, it is possible to create and implement it only after long months of hard work by many very qualified and highly paid employees.
In December 2021, Auto Invest is working in test mode, and from January 2022 we will offer investors a modern and convenient functionality of the Auto Invest option on the CREDON platform.

Protecting investors: new one rules for European Crowdfunding Service Providers

The attention of the European Parliament is more than ever focused on the development of new business technologies.

Now crowdfunding is an alternative financing instrument is one of the fastest growing areas on the border of IT and the financial sector.

General provisions

In «REGULATION (EU) 2020/1503 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937» crowdfunding called is «increasingly an established form of alternative finance for start-ups and small and medium-sized enterprises, typically relying on small investments». Crowdfunding is an increasingly common form of intermediation in which a crowdfunding service provider operates a public online platform without any risk of its own to unite or facilitate the alignment of potential investors or lenders with companies that need funding. Such funding could take the form of loans, the acquisition of securities or of other admitted forms.

This means that it can be an alternative form of financing for both companies and individuals.

Investor protection

The final vote on EU rules for crowdfunding platforms also set investor protection rules. The main ones:

- All information, including marketing, about themselves, about the costs, financial risks, about the crowdfunding project selection criteria, and about the nature of, and risks associated with, their crowdfunding services shall be fair, clear and not misleading.

- Crowdfunding service providers must inform all investors about crowdfunding not covered by the deposit guarantee scheme by providers.

- service providers should educate their clients about the opportunity to take some thought time for new investors without a digital investment experience.

- The information should be available to all clients in a clearly visible and easily accessible section of the crowdfunding platform website.

- When applying credit scores or other assessment methods, the supplier must provide a description of the method used to calculate such credit scores or prices. If the calculation is based on unaudited accounts, this should be clearly stated in the method description.

Authorization and control of crowdfunding service providers

Currently, the norms of technical standards for Crowdfunding Service Providers platforms are being developed.

To effectively protect investors and provide a market discipline mechanism, a threshold has been set for a crowdfunding proposal made by a specific project owner. This threshold is set at € 5,000,000 calculated over a period of 12 months.

Thus, the adopted rules oblige the EU member states to protect investors from financial losses, as well as to equal access to the market of crowdfunding services which the provider can carry out both within the country and abroad.

* The source of information - Official Journal of the European Union, Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (Text with EEA relevance)

https://www.europarl.europa.eu/news/en/press-room/20201002IPR88439/final-vote-on-eu-rules-for-crowdfunding-platforms

Common rules to boost crowdfunding platforms and protect investors: final vote on EU

6.10.2020 final rules were adopted at the vote in the European Parliament to develop EU crowdfunding platforms and protect investors.

«REGULATION (EU) 2020/1503 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937» became the new EU common law governing use of the crowdfunding platform.

Background

Crowdfunding is a popular practice of funding business activities of natural and legal persons. Such funding is provided by online platforms by a large number of people or organizations. This allows businesses to raise relatively small amounts of money from different investors.

Methods for regulating activities of crowdfunding platforms in EU

To provide crowdfunding service, need appropriate permission. Provider of crowdfunding services, after the authorization procedure, is able to provide its services abroad. Providers of crowdfunding services can provide their services only under the supervision and the competent authorities that have granted permission for this type of activity. In the case of the provider's activity abroad, Member States are responsible for obtaining permits and overseeing the digital platform.

Single set of rules on crowdfunding services

Сrowdfunding services have so far remained largely national. This damaged the all-Union crowdfunding market, and deprived enterprises of access to crowdfunding services. For equal access to the service and participation of investors, have been adopted general rules for crowdfunding platforms. The threshold for consideration of crowdfunding proposals should be set at 5,000,000 euros.

Investor protection

In order to maintain a high standard of investor protection and reduce investment risks, the provider must ensure that all clients, suppliers are treated fairly and that projects on their platforms are selected by a professional, honestly and transparently, and that crowdfunding services are provided in the same manner. One of the goals of the common law for EU member states on activities of crowdfunding platforms is maximum protection of the investor from risks.

* The source of information - Official Journal of the European Union, Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (Text with EEA relevance).

https://www.europarl.europa.eu/news/en/press-room/20201002IPR88439/final-vote-on-eu-rules-for-crowdfunding-platforms

ELI: http://data.europa.eu/eli/reg/2020/1503/oj

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