Reditus (ITCO) ICO - Tokenized Bonds Blockchain Platform
The Reditus® platform is an advanced platform for trading, investing, and collecting receivables. It increases the
likelihood of recovering Non-Performing Loans (NPLs) and sunken small receivables which are socially costly. Reditus®
democratizes receivables through a sustained model of utility token ownership. This is achieved with the Reditus® RMS
(Receivable Management System), which enables the assessment and collection of receivables, and a trading system
through the tokenization of outstanding receivables.
NPLs, which are inevitable to manage the financial soundness of financial institutions, are an investment instrument that
can achieve relatively stable returns depending on the efforts to collect receivables and collateral process. However, since
certain requirements must be met to acquire NPLs in accordance with the law, individuals are less likely to directly
participate in NPL investment. Although asset management companies that can acquire NPLs are launching NPL fund
instruments through which individuals can participate in investments, still, not everyone can do so since it also requires a
large amount of minimum investment.
On the other hand, for small cash loans made between acquaintances without setting up a repayment schedule or
interest, and for credits payments that occur frequently with regular customers, etc., creditors often suffer due to poor
performing debtors, who are obligated to pay off the debts but delay payment intentionally or unintentionally.
The everyday investor finds it difficult to engage in relatively attractive NPL investment opportunities and are always exposed to the risk of financial losses due to unexpected delays in the collection process. To remedy this, Reditus® aspires to disintermediate the current process and create a more conducive environment for everyday investors to partake in this sphere.
The Reditus® platform uses blockchain technology to tokenize receivables, achieving an end-to-end, blockchain-based platform that enables network participants to source, hold, and trade receivables in a secure, easy, inexpensive, transparent, and accessible way. This makes it possible for smaller sized investments and creates the opportunity for mass market participation. The use of Smart Contacts to document small cash loan and credit transactions securely and conveniently will provide a basis for creditors to collect personal loans or account receivables effectively with ease.
Seven TechNet Loan Inc., the parent company of Reditus, develops finance, payment and logistics solutions
based on IT technologies, and provides solutions to more than 500 corporate customers. The company’s
affiliates include Consumer Finance Inc., Clover Seven Inc., and Energy Seven Inc., all of which are fintech
companies that integrate their business models with professional financial expertise, and provide
professional financial services to small and medium-sized businesses.
In 2011, the company developed a passcard issuance system based on facial recognition technology and
provided services to SK Telecom. It developed a money-in-custody management system for the correctional
services headquarters under the Ministry of Justice, and operated the system at national correctional facilities.
In 2013, the company provided overseas credit card sales settlement and payment proxy services. It carried
out social contribution programs such as a web and mobile donation campaign called ‘The Miracle of Clover’
in 2013, in order to contribute campaign revenues to the children’s foundation, thus spreading donation
In 2015, the company established a fintech company, Energy Seven Inc., and developed an oil platform
application based on ICT technology that enables integrated operations with O2O gas station service. The oil
platform application allows the real-time group purchase of oil, order and delivery status check, and sales and
inventory status check on smartphones.
REDITUS® VALUE PROPOSITION
Through the above solutions, Reditus® proposes the following values:
The mentioned solutions and values Reditus® propose in response to the market challenges will be
reflected on the Reditus® platform with the use of blockchain technology, and will be completed
through the development, operation, and advancement of the Reditus® ecosystem.
To operate the ecosystem, Reditus® will register and tokenize receivables, issue tokens based on
the receivable collection process, and collect a fee for the process of receivables transactions. The
processing fee will be paid through the Reditus® IT Coins, a utility token provided by the Reditus®
In accordance with the design of the Reditus® Token Economy and Allocation, some of Reditus® IT
Coins will be allocated for investors during the sale and some will be kept for the continued
operation of the Reditus® ecosystem. This reserve can be used as an adjustment tool to prevent
abnormal inflation or deflation, such as sudden price fluctuations of Reditus® IT Coins caused by
abnormal external factors.
In addition, the funds raised for Reditus® IT Coins will be used for the continuous development and
initial operation of the Reditus® platform.
The Reditus® platform provides those who hold receivables, Reditus® RED Tokens, and
Reditus® IT Coins, with the following services and charges fees accordingly:
Listing of existing receivables on the Reditus® RMS
New registration of receivables through the Reditus® RMS 
Issuance of Reditus® IT Coins for the exchange with Reditus® RED Token
Trade of Reditus® RED Token and Reditus® IT Coins through the Reditus® RED Token
Cash withdrawal with Reditus® IT Coins
REDITUS TOKEN ECOSYSTEM
The figure illustrates how the RED Tokens and IT Coins are used in the
Reditus® ecosystem based on the Reditus® platform.
RED Token is issued by registering receivables for the Reditus® RMS.
When receivables such as NPLs, general receivables, P2P (loan) and P2P
(credit) are registered through the RMS, the collection rate is
determined by the credit rating. When NPLs are registered, RED Token is
issued based on the conditions during the registration process.
A registration fee may not be charged in accordance with the
requirements of receivables when using the Reditus® Creditor
Application provided by the Reditus® platform.
Reditus manages and maintains the Reditus® ecosystem to ensure that
diverse forms of receivables are circulated in the Reditus® platform.
Investors are free to trade their RED Tokens at the RED Token Market
IT Coin is a utility token that gives the right to access the Reditus®
platform and use the services provided by Reditus®.
Used as a reward to incentivize good behavior of parties for their
contribution to the ecosystem.
IT Coin is an essential means of operating and maintaining the Reditus®
Allocated funds raised from the sale of IT Coins will be used for the
continuous development and operation of the Reditus® platform.
IT Coin aims to be listed on major external cryptocurrency exchanges.
As the use of services provided based on the Reditus® platform
increases, i.e. RED Token registrations and transactions are increased,
more IT Coins are traded, and this will therefore increase the volume of
IT Coin transactions.
Maintaining Reditus® RED Tokens and IT Coins
The lucrativeness of RED Token is coupled with that of
receivables. That is, details provided when registering
receivables for the Reditus® RMS is a core factor that
determines the RED Token rating.
Reditus® RMS allows investors to make an informed judgment
by providing them with details on the registered receivables.
RED Token that has been fully collected or met its contractual
end will be returned to Reditus® RMS and burned after
The demand for IT Coins, needed to use the services offered by
the Reditus® platform, increases as more people use the
services provided by Reditus®.
IT Coins are used to exchange for RED Tokens through the RED
RED Token is issued when receivables are registered through
the RMS. The more lucrative the RED Token is, the more IT
Coins will be needed to exchange for the RED Token.
Reditus® will utilize IT Coins, that is allocated to Reditus® (as
shown in token allocation), for stable operation and
development of the Reditus® ecosystem, to mitigate the steep
fluctuation of IT Coins caused by exogenous variables.
Reditus® RMS (Receivables Management System)
The following receivables are registered for the Reditus® RMS:
NPL (Non-performing Loan):
Receivables that Reditus® purchases
Uncollected receivables owned by organizations or individuals
Receivables generated by personal loans or equivalent credit transactions
Once receivables are registered, RMS issues RED Token that corresponds to the value of
receivables, deducting receivable collection fees determined by the characteristics of
Reditus® RED Token Market
This is where RED Token issued through RMS is traded, and RED Token transactions are
conducted in IT Coins.
Reditus® RMS Voting System
Issuer registers receivables through the Reditus® RMS.
Partial allocation of the receivable is allocated to Reditus® as a form
of registration fee.
The receivable is evaluated by Reditus® as per default or by
external Credit rating agencies part of the ecosystem.
The receivable is tokenized to a unique REDT based on
characteristics of the contract and rating conducted and is divisible
to a set number of Tokens.
The REDT registrant or issuer will determine the percentage of REDT
to go through the RMS Voting System or straight listing onto
Reditus RED Token Market during registration.
Investors are able to have initial ownership or partial ownership of
REDT by staking ITCO.
The remaining REDT are listed on the Reditus RED Token Market.
Investors can then choose to trade or re-list their REDT back onto
the Reditus RED Token Market for ITCO when desired or hold the
REDT and be compensated throughout the collection process.
Reditus® believes that having a staking mechanism is imperative to maintaining a healthy
ecosystem. Staking acts as a barrier for malicious actors and safeguards the integrity of the
Reditus® Platform. Service providers must stake ITCO to register their services; this requires one to
have a stake in the platform’s long-term success in order to operate on the network, aligning their
incentives with long-term network value creation.
There are two types of user category that will stake ITCO, one is the investors, and the other are the
Investors stake ITCO in order to indicate interest in purchasing an offering with an initial
ownership/part-ownership of REDT.
To secure their allocation, investors have to stake in proportion to the amount of REDT
they wish to purchase in each offering. In the event where REDT are fully allocated and
there is a surplus of investors, the allocation are awarded according to the stakes, and
unused ITCO, after purchasing the REDT, will be refunded to investors.
Service providers such as external credit rating providers or debt collectors are required
to stake ITCO to access the ecosystem.
Prior to performing a particular assigned job or work, the service provider is required to
stake ITCO. The amount of ITCO required will be determined based on the scale of the
work to be done. These staked ITCO will be locked as a guarantee against any potential
misbehavior. The service providers will be able to unlocked their staked ITCO after
completing the work.
When the offerer of services has a financial incentive to maintain the integrity of those
services, they are far less likely to perform malicious acts within the ecosystem.
Reditus® Dual Token System
Token Sale Details
The IT Coin sale will be conducted on the Ethereum blockchain. IT Coin (ticker symbol: ITCO) will
be sold as an ERC20 token. Once Reditus® RMS (Receivables Management System) has been
deployed, Reditus® RED Token (ticker symbol: REDT) will be exchangeable with IT Coin.
Participation in the Pre-sale and Public sale shall be limited to individuals with each wallet cleared
pursuant Know-Your-Customer (KYC) checks. KYC checks include proof of identity and residency.
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