CardonioSTO
CardonioSTO
Token: CFGT


The Crypto Credit Card Setting a New Standard

ICO dates
Start date: 2018-08-15
End date:

Registrated in: UK

Platform: Ethereum
Type: Security (STO)

PREMIUM ICO

CardonioSTO categories
Banking Cryptocurrency Platform
CardonioSTO token sale
KYC passing required Yes | Whitelist No | Restriction for countries No
Soft cap 220,000,000
Hard cap 360,000,000
Tokens for sale 220,000,000
Token distribution in ICO
40%
40%
Price 1 CFGT = 1.5 USD
Acceppting BTC, ETH, BCH, LTC, DASH, XRP
CardonioSTO news, social
CardonioSTO search trends in Google
Random whitepaper excerpts

Table of content
1.
Cardonio
Executive Summary
1
1.1.
Core Features
1
1.2.
The Cardonio Card
2
1.2.1.
ETH-funded Purchase with Cardonio Card - Example
3
1.2.2.
BTC-funded Purchase with Cardonio Card - Example
4
1.3.
CFGT
Token Creation
5
1.4.
Support for other ERC20 currencies
5
1.5.
Credit Limits & Cards
6
1.5.1.
Credit Card Repayment
7
2.
T
he
CFGT
T
oken
C
reation
8
2.1.
The Cardonio BLACK Card
9
2.2.
Allocation
of Funds
10
2.3.
Token Sale Escrow
11
2.4.
Reserve Tokens
11
3.
C
ase Scenarios
12
3.1.
Funding your Cardonio Card with ETH / BTC and incremental automated
12
exchange at interbank rates when you swipe the card
3.2.
Spending...

Table of content
4.3.
KYC platform
15
4.4.
Sanctions / PEP checks
15
4.5.
P2P Transfers between Cardonio App users
15
4.6.
Interbank Exchange Rates, Physical Settlement & Hedging
16
4.7.
Cross-border Transfers platform
16
4.8.
Top-up Channels
16
4.9.
Apple Pay & Android Pay Functionality
17
4.10.
Physical Card Production & Inventory Management
17
4.11.
Live Rates API Feed
17
4.12.
Card Security Management
17
4.13.
Companion Card Management
17
5.
T
he Market
18
6.
T
eam
20
6.1.
Our Mission
20
6.2.
Our Values
20
6.3.
Our Team
21
7.
F
inancials
24
7.1.
Conservative
25
7.2.
Optimistic
26
8.
T
oken Sale
27
8...

Cardonio
Executive
Summary
Cardonio is a cutting edge payment card which is set to be the must-have item for every holder of
Bitcoin and/or Ether Cryptocurrencies. In addition it is perfectly suited for anyone who spends money in
foreign currency around the world. Primarily designed as a solution for those within the Cryptocurrency
community, what makes Cardonio such an exciting and unique opportunity is that card holders are able
to secure instant lines of credit using nothing more than their existing Crypto holdings as security.
Essentially card holders will be able to make purchases/payments in fiat currency almost instantly and
will be given a maximum of 90 days to settle payment. This allows for an individual to have complete
liquidity of their Cryptocurrency assets, because if the price of their Crypto increases during the 90 day
period, they receive the benefits of all upside gains. Individual customers will have the choice at what
percentage they set their stop loss limits up to a maximum...

1.2. The Cardonio Card
Registering an account in order to access your own
personal Cardonio Card is a 3-5 minute process, we
refer to as ‘on boarding’. This will include confirming a
few personal details and a KYC verification to confirm
customer identity. Once completed, Cardonio cards
will be digitally allocated and sent to customers via
registered mail with no fees or charges applied.
The physical card can be used both for online and
offline purchases and will be accepted at more than
30 million merchant locations around the world.
Every time a purchase is made using Cardonio Card,
customers will be given perfect interbank exchange
rates with no markups or fees. In practice that will
result in savings of around $60-80 on every $1000
spent, which compared to regular banks is an
amazing value proposition in itself
.
Cardonio accounts can be easily funded with Ether and/or Bitcoin and without additional fees.
Traditional Fiat currencies can also ...

1.2.1. ETH-funded Purchase with Cardonio Card Example
David is using his Cardonio Card for travel expenses so he tops-up his Cardonio account
with 1 ETH before leaving the UK. Ups arrival in the United States, he needs to pay USD
16.00 for lunch at a local restaurant.
All he would need to do is swipe his Cardonio Card in the standard EFTPOS terminal
currently being used by the business to accept credit/debt card payments. Cardonio’s
server-side processing systems, instantly apply perfect interbank exchange rates to
calculate that USD16.00 is the equivalent to GBP 12.30 at that precise moment. Based
on the current exchange rate between GBP and ETH, provided by the highest daily
volume exchange, GBP 12.30 is equal to ETH 0.057.
Cardonio will pass on to customers the best-available exchange rate between GBP &
ETH without any mark-up or fees. Cardonio will also cover the cost of GBP & ETH
exchange rates (the maker/taker fees traditionally charged by cryptocurrency
exchanges)No fees are...

1.2.2. BTC-funded Purchase with Cardonio Card Example
The scenario works exactly as it does with the ETH-funded purchase described above.
The equivalent value of BTC will be converted to ETH at prevailing rates without any
exchange fees and credited to the Cardonio account. As above, Cardonio will cover the
cost of BTC & ETH exchange.
Cardonio will pass on the best-available exchange rate between BTC & ETH without any
mark-up.
4
...

1.3. C
ardonio Token (
CFGT
)
Creation
Cardonio’s
CFGT
Token Creation Event, which will last the duration of the Token Sale, will
launch on August 15th, 2018 at 9:30am UCT. A fixed number of
CFGT
tokens will be
created during the sale, at which point, no more will be created
1.4.
Additional C
rypto
C
urrenc
ies
In due time, alternate cryptocurrencies will be added in order to compliment the existing BTC
and ETH options that will be available from inception. The specific cryptocurrencies added
will be those with the largest/most widespread market adoption at the time. Final decisions
will be made in consultation with Cardonio Stakeholders and the cryptocurrency community
as a whole.
5
...

1.5. Credit Limits & Cards
Credit Limits for card holders are easily calculated and applied to individual accounts
within minutes.
The highest credit limits given to
CFGT
tokens will be calculated at a rate of 85%.
Example:
CFGT
token value = $5, customer deposits 100 tokens into their Cardonio
Cred
it
Card wallet. This represents a $500 market value. The customer would be able
to spend up to $425 in fiat.
Cardonio currently supports 10 crypto currencies at a credit rate of 60%.
Supported crypto currencies are:
• Bitcoin
• Ethereum
• Ripple
• Bitcoin Cash
• Litecoin
• Tether
• Monero
• NEO
• DASH
• Cardano
In the future additional crypto currencies will be added.
6
...

CardonioSTO Roadmap

1
DECEMBER 2017
Founders incorporated the Cardonio Group. White paper and initial investment raised.
2
JANUARY - MARCH 2018
Management team hired and core platform development begins.
3
MAY 2018
Online beta platform launched. Fin-tech and cryptocurrencies licenses approved and stamped.
4
AUGUST - SEPTEMBER 2018
Advisory team announced.
5
15th AUG 2018
Token sale begins.
6
15th AUG 2018
Each week we will announce our advisory members, with a meet and greet and Q & A sessions
7
24th AUGUST 2018
Airdrop for initial investors starts.
Bounty Campaign to follow two weeks after airdrop begins.
8
DECEMBER 2018
IOS and Android mobile apps launched - Beta Version.
Apple Pay, Android Pay.
9
15th JANUARY 2019
License to operate as a financial institutional approved. Cardonio Cards dispatched to members via express couriers.
10
FEBRUARY - MARCH 2019
External Exchanges Announced and Launched. Initial listing on HitBTC.
11
14th FEBRUARY 2019
Final phase of token sale concludes.
12
16th FEBRUARY 2019
ERC20 tokens available for withdraw to external wallets.
13
10th MARCH 2019
Credit and loan platform launched.
Alan Chang
Alan Chang Chief Executive Officer

Ryan Slater
Ryan Slater Chief Technical Officer

Jeff Thompson
Jeff Thompson Chief Financial Officer

Adrian Smith
Adrian Smith Expansion Manager

Natalie James
Natalie James Operations Manager

Ben Jones
Ben Jones Senior Blockchain Architect

Allison Kim - Lee
Allison Kim - Lee Marketing Manager

Tony Chan
Tony Chan Lead Software Developer

Alison Smith
Alison Smith Compliance Manager

Naviin Kapoor
Naviin Kapoor Blockchain Finance Specialist

James Nguyen
James Nguyen ICO Marketing Specialist

Adrian Smith
Adrian Smith
Expansion Manager
Expansion Manager
Alan Chang
Alan Chang
Chief Executive Officer
Community Leader
Chief Executive Officer
Alison Smith
Alison Smith
Compliance Manager
Compliance Manager
Allison Kim - Lee
Allison Kim - Lee
Marketing Manager
Marketing Manager
Ben Jones
Ben Jones
Senior Blockchain Architect
Cryptocurrency Evangelist
Senior Blockchain Architect
James Nguyen
James Nguyen
ICO Marketing Specialist
ICO Marketing Specialist
Managing Partner, Anti-Hero Capital
Managing Partner, Anti-Hero Capital
Jeff Thompson
Jeff Thompson
Chief Financial Officer
CEO & Founder
Chief Financial Officer
Natalie James
Natalie James
Operations Manager
Token Sale & Blockchain Advisor
Operations Manager
Naviin Kapoor
Naviin Kapoor
Blockchain Finance Specialist
Blockchain Expert
Blockchain ICO Advisor
Advisor, Blockchain Expert
Advisor
Blockchain Advisor
Blockchain Advisor
Blockchain ICO Advisor
Blockchain ICO expert
Investment Advisor
Blockchain Consultant – Abu Dhabi Commercial Bank
Digitization | Blockchain Expert | Project Management | Business Analysis | Fintech | Business Transformation
Blockchain Finance Specialist
BANKING & BLOCKCHAIN ADVISOR
Blockchain Expert
Advisor
Advisor
Blockchain & ICO Consultant
Advisor
BANKING & BLOCKCHAIN ADVISOR
Blockchain Expert | Project Management | Business Analysis | Business Transformation
Blockchain Advisor
Blockchain & ICO Advisor
ICO and Blockchain Advisor
NAVIIN KAPOOR
NAVIIN KAPOOR
Strategic ICO Advisor
Ryan Slater
Ryan Slater
Chief Technical Officer
Chief Technical Officer
Tony Chan
Tony Chan
Lead Software Developer
Founder, Director & Cfo
Lead Software Developer