Андрей Тучков
800.00 Soft Cap, ETH
8,000.00 Hard Cap, ETH
26 Jan, 2018 - 15 Mar, 2018 Campaign Duration
3 336,59 ETH Raised
80 Backers
48 Duration, days
800.00 ETH Soft cap
8,000.00 ETH Hard Cap


  • We successfully finished preTGE, all participants get their TGE tokens already
  • We develop a demo version of the platform
  • We have agreement with CoinPlace exchange to list our tokens after TGE 
  • Growing market of P2P lending: $300 000 000 000 by 2020 according to Morgan Stanley.
  • The practical mechanisms for the scoring and verification of borrowers and the attraction of investment to issue loans.
  • Close attention to the legal aspects, the legal basis for all business processes.
  • Guarantee fund: guarantees on loans, a guarantee of return to 100% thanks to the SOFIN token.
  • A credit history based on blocking is safe from forgery. Transparency of the system for third-party audit.
  • An experienced team closing all the necessary competencies: More than 40 professionals to successfully start the project.

Brief description of the project

SOFIN (social financial network) — P2P-lending online service. It is a marketplace platform which brings together creditors and borrowers:

  • Creditor —  private individuals, banks, microfinance organizations and funds;   

  • Borrowers — private individuals, individual entrepreneurs and organizations.   

Loans are issued in the fiat currency of the country where the borrower resides. This allows the currency to be exchanged through the SOFIN token if the creditor and the borrower are from different countries.

What we have achieved so far:    

  • A fully developed financial model;
  • A package of legal documents to issue loans is established;
  • The design of the interface is elaborated;    
  • App domain logic is implemented on 45%.

Using TGE (token generation event), the project will leverage the tools to produce the final release of the platform and extend the territories beyond Russia.

Why is the P2P-loaning market growing?

Growth prospects of this segment have already been confirmed in European countries and the USA. The world volume of the P2P-lending market exceeded $50 billion in 2015 and, according to Morgan Stanley, will reach $300 billion in 2020 (Figure 1).


Such a high potential is possible due to the low start point. In the USA the size of p2p-loaning market was less than 1% by 2015, and the volume growth was enormous: 123% of the year.

The benefits of direct lending are obvious:

  • Rates are loweress;   

  • Credit approval speed is higher

  • In the open marketplace creditors and borrowers are more transparent and easier to negotiate.

In the countries where more than 3 billion people live, credit rates reach 20-30% of annual and more. According to Worlds Bank data, over 2 billion people do not actually have access to bank services.

In Africa, for example, banks are regarded as a service for privileged persons, and the fee for Western Union remittances from Europe to Africa reaches 20% for a remittance.

In Russia there were still only 2 companies — Vdolg.ru and Fingooroo. However, the situation is now changing dramatically.

Over the past 3 years, microloans have increased by 72%. It is a completely new and free niche for consumer loans and small businesses loans.

Data for the 4th quarter of 2016 are very optimistic:

  • In the segments «investments» and «private individuals lending into business projects» indicators grew by 51% over the previous quarter;    
  • The number of transactions in these 2 segments increased by 64%;

  • The P2P-lending segment in the 4th quarter increased by over 50% in one quarter.

In addition, the current state of the bank system in Russia makes it possible to predict a fast and steady growth of the P2P-lending industry. As a result of frequent revocation of licenses, banks have been eroded and will be recovered for more than a year. 6 Therefore, the P2P will now attract investors who have kept money in banks and had a passive income.

The risks of storing funds on deposits have grown significantly and have been associated with the risks of P2P investment. But a slightly higher risk in the P2P segment is more than a higher yield!

In 2016, the Central Bank estimated the P2P market capacity of about 1.5-2 billion rubles, noting that there were all signs for a significant growth in the next 2 or 3 years.

Service Mechanics

Loans are issued in the fiat currency of the borrower’s country of residence. Creditors compete in tender mode (auction) offering their terms.

The Creditor decides: how much money and what percentage to offer. The Borrower chooses the conditions that are profitable for him.


Any Creditor can issue a loan under any conditions. Any Borrower may request a loan under any conditions. Therefore, market competition dictates fair conditions for the global economy, without international borders and barriers.

5-9% of each transaction is retained by the platform - this income will be reinvested in the company’s development. The SOFIN Company does not accept credit risks. All loans are issued from the funds of the Creditors.

The service will provide scoring of the Borrowers, collecting arrears and convenient payment of loans. When a loan is issued, all legal transactions take place in the automatic mode in the customer’s account. The legal purity of the transaction is guaranteed by the platform.

To minimize risks, it is possible to finance one loan by several Creditors. So the Borrower can get the amount, and the loan payments will be automatically distributed by the entire Creditor pool.


View the demo

About token

The system uses the Ethereum ERC 20 platform. The SOFIN token performs many functions on the system. Encouragement of participants in a transaction to increase the number and quality of transactions in the system. The more turnover of issued loans is in the system, the higher the cost of the token, since the entire fee will be taken in SOFIN — they will be automatically bought out from the exchanges to repay the fee. The history of all transactions will be stored in blockchain. Up to 20% of the loan will be available to be given in the SOFIN tokens. SOFIN will also be an intermediary between the exchanging of one fiat currency to another. Let’s look at all of these features in detail.

Using tokens in the system

How will the token be used in the system? The creditor (or a pool of creditors in one transaction) and the borrower shall use the same fiat currency. The creditor will be able to exchange one fiat currency to another using our tokens in the system.

The entire loan amount is issued in fiat. If a part of the loan is in cryptocurrency, the system automatically converts the loan to the fiat currency of the borrower.

The borrower pays a percentage to the system before receiving credit (up to 9% of the amount in the SOFIN tokens that will be automatically purchased from the exchanges). This is the main income of the service: these funds are used to pay the bonuses and cashback in SOFIN (1.5% to the borrower and 1.5% to the creditor), and 1% of the tokens will be burnt.

Then the borrower returns the funds. The creditor will have a choice: get the entire income in fiat or take a part of it with tokens.

Also a part of the loan amount (1.5% to the creditor and1.5% to the borrower) will return with tokens as cashback.

Why do we need blockchain?

  • Transparency of all transactions performed on the platform. All system reporting can be verified;
  • Automation of processes through smart contracts;
  • It becomes convenient to work with cryptocurrencies on Ethereum ERC 20;
  • Integration with other projects on blockchain (registers, scoring, statistical services); 
  • Reliability and fault tolerance. 

What is the benefit of SOFIN tokens?

  • Part of the loan (up to 20%) can be issued with the SOFIN tokens that the system will automatically buy at a profitable rate and transfer to fiat for the borrower. The integration of other cryptocurrencies with the possibility of issuing loans up to 100% will be pursued; 
  • Tokens can be used as an intermediate link in exchange of one fiat currency to another to issue loans in the currency of the borrower;
  • Large token holders will be flagged as trusted members of the system. They will have more profitable loan terms (if necessary). Such holders will receive a bonus: a two-fold fee of the system to make a loan for their tokens. The system will provide a guarantee for such borrowers and, in case of default, cover the loan instantaneously from its money, in the future by covering the delay by buying the mortgage tokens from the borrower. These borrowers will thus have the highest ranking in the system and, as a result, will be able to attract funds on the most profitable terms, as the investor will ask for a minimum low rate of risk at almost zero.
  • Token holders will receive some advantages over the system’s common users (external differences in the service interface, more profitable bonus terms, etc.);
  • Tokens can be bought/sold on the exchanges. A direct correlation between the volume of exchange transactions and the token rate, as the entire fee is paid for with SOFIN, automatically repurchased from the exchanges when the loan is pursued.

Why will we benefit from the growth of the SOFIN and why will it grow in the long run?

  •  The P2P system will receive the fee (up to 9%) in the SOFIN tokens, which will be automatically purchased from the exchange on each loan;
  • The greater the turnover of the P2P service, the more the tokens on the system will be required by the fee, and the more active the buy-out of the exchange tokens. With the direct correlation of these volumes, the growth of the service entails the growth in the rate;
  • Our team has a direct interest in rate growth because it will receive additional funding when the $20 token is achieved by a new wave of token sales through smart contracts; Why will we benefit from the growth of the SOFIN and why will it grow in the long run? 25 
  • Large service members will be more likely to keep tokens in the system without selling them on the exchanges to get additional privileges;

Token distribution pattern

The name of the SOFIN token is the same as the platform name. 450 000 000 are immediately issued, no more emissions will occur, and tokens will only be burnt (1% of the market-rate loan body). Of these, 400 000 000 tokens will be sold in the preTGE/TGE phases.

The remaining 50 000 000 tokens:

  • 25 000 000 tokens are given to the team, escrow, advisors, key employees (without no right of sale in the next 1 year);
  •  25 000 000 go to the company’s corporate account to operate the system at the initial stage. 


The purpose of TGE is to collect 9 500 000$. In TGE it will be possible to purchase up to 400 000 000 tokens at different prices, depending on the number of already sold tokens in TGE:


A complete buy-out of the dedicated phase tokens means a successful TGE.

The exact number of tokens that can be purchased on TGE depends on the number of tokens sold in the preTGE phases.

The unsold tokens in the TGE framework are available to buy through a smart contract at a price of $10.

This is the dedicated rate of the token to which our team will aspire by buying tokens from the system to all 100% of the fee of each loan.


When the dedicated rate is achieved, the project will receive additional funding — thanks to a new wave of token sales through smart contracts. This ensures that our team is interested in increasing the token rate and shall have a positive impact on the trust of the SOFIN token holders.

It is worth noting that when the turnover of loans in the system increases, the system itself will need more tokens to liquidate the fee. It entails a more proactive buy-out of tokens from the exchange and, as a result, the growth of the rate. This way a direct correlation between service turnover and token rate are achieved. The issue of the exchange token is scheduled to be issued in one month after the end of the TGE phase.

What’s the money going to do?

TGE – January, 15 2018

The cost of further changing in the price of a token at different stages is indicated in the table in «Token Distribution Pattern» section.

Usage of tokens:

  •     90% token buyers;
  •     5% will remain in the system to operate initially;
  •     5% founders (frozen sales for 1 year).

The proceeds of the TGE will be distributed as follows (in USD):

  •     40% platform development;
  •     30% establishment of the Guarantee Fund and initial loans;
  •     20% promotion and advertisement;
  •     5% the founders;
  •     5% legal support and LCF

Road Map


  •    2010

    Rostov Region Guarantee Fund — The establishment of the structure under our leadership to enable entrepreneurs to obtain funding, using the fund’s surety. In three years, the amount of bail was $51 million.

  •  2011

    «ExpressMoney» offline MFO — The opening of a network of the microloan points where the verification experience of the borrower (private individual), the legal basis and a high-income financial model were obtained. Business was successfully sold.

  •  2012

    Opening of the Verum Law Firm — The company provides legal support for construction and investment projects, including foreign investment. The Verum team of seven people forms the legal service of the SOFIN Company.

  •     2013

    Mining rigs, cryptotrading — Creation of own mining rigs. Extensive experience in cryptocurrencies trade, investing in cryptoprojects.

  •     2013

    Opening of the Elonsoft IT Company — The forming of the team with experience in the developing of international-level internet projects, including the creating of MVP for startups. The company now consists of 16 programmers who will work on the SOFIN platform after TGE.

  •     2014

    Private P2P-lending for entrepreneurs — Since 2014 and to date, successful experience of connecting people who have money and legal persons who need credit. The interest rate allows each party to earn. To date, there have been no returns. The loan portfolio now exceeds $1.5 million.

  •     August 2016

    P2P-platform concept — The idea of creating a marketplace of financial resources on a "single window system" where individuals and companies can get loans from any people, MFOs, banks with a minimum and transparent rate in auction mode.

  •     December 2016

    Launching of the «Loan Club» online MFO – Building of loan and verification system for borrowers online. Development of scoring software, integration with credit history systems and online processing. Gain experience of attracting borrowers in the Internet. In this project, we’ve worked on all the important elements of a future P2P platform, and there are 14 people working in the company.

  •     July 2017 to date

    Beginning system development — Defining of financial development model. Design of the technical part of the platform, the interface design, and start of programming business logic.

Plan for a year

  • November, 6 2017

    preTGE — Leverage of funds to complete the development of the platform, to output the SOFIN token to TGE, adjust white paper and business model based on feedback from participants and cryptocommunity.

  • January, 15 2018

    TGE — The fundraising for the platform development, the listing of the exchange token, the establishment of the Guarantee Fund and the international expansion.

  • Q1 2018

    Listing of the exchange token — The listing of the SOFIN token on the cryptocurrency exchanges for free bidding. Implement a token-support strategy and increase it to $10. Direct correlation of rate growth with turnover of loans on the platform is achieved through the reverse buy-out of the SOFIN tokens for the transaction bonus payments laid in the platform

  • Q1-Q2 2018

    Launch of the platform and the «Guarantee Fund» option in Russia — The first issue of loans through the SOFIN platform from the MFOs partners, early followers and own funds. Once the Guarantee Fund has been launched and the risk of repayment has been reduced, it is planned to attract a large number of creditors.

  • Q3-Q4 2018  

    Launch of the platform in CIS — The issuing of loans in Russian-speaking countries, starting with Georgia and Kazakhstan and then in Ukraine and Belarus. In each country where we will issue loans, a local office will be opened to interact with the verification, scoring and credit history systems of the country. This will provide 100% legal purity, which is a distinctive feature of our platform. Besides, local partners are planned to issue loans. The planned figure for 2018 is $1 million.

  • 2019

    Launch one country per quarter — Big prospect and growing market of P2P-lending are concentrated in the regions: Asia, Africa and Latin America. The first countries outside CIS in which we start lending will be Myanmar and Cambodia.



Tuchkov Andrey Viktorovich


Project Manager (Chief executive officer CEO)

Professional financier with 17 years of experience. Led the units of the leading banks (Raiffeisen, Bank Center-Invest), created the Regional Guarantee Fund (www.dongarant.ru), started business of microfinance organizations, including the online one. President of the Board of Directors of the «Loan Club». He has got a lot of certificates and awards, including IFC (International Finance Corporation), awarded by Administrations, and others.


The Russian full-time distance school for managers and entrepreneurs, specialty - accounting economist. /Diploma with honours/.

Rostov state Economic University “RSUE”, specialty - economist. /Diploma with honors/

The governor’s program. /Diploma with honours/.

Zhugastrov Trofim Aleksandrovich


Product Director (Chief product officer CPO)

More than 10 years of experience in creating software products. Founder, CEO of Elonsoft, IIDF tracker, formerly Deputy Director of the Southern IT Park (OJSC “Regional Development Corporation”)


Master of Basic Informatics and information technology. Mechanical and mathematical faculty, SFedU (RGU)

Lushpanov Nikita Alekseevich


Head of research and development department of smart contracts based on blockchain (Chief Blockchain Officer)

En trepreneur with experience in offline/online business projects. Experience in developing Web projects for more than six years. Mining since 2013, has experience in cryptotrading and investment in cryptocurrency.


SFedU, Mechanical and mathematical Department, Master of Information technology

Slobodin Vitali Sergeevich


Technical Director (Chief technology officer CTO)

Experience in the development of more than eight years, including fintech (newsquantified.com). Technical Director in Elonsoft, a member of the Google Chrome team, in the past the maintainer of Phantomjs and the developer of “Yandex. Browser”.


Institute of Management, Business and law Information Technology Department Specialty - IT-manager

Kruchko Anton Viktorovich


Chief legal officer CLO

A lawyer with a 16-year-old practice. He was the head of the legal department of the largest building concern. Since 2012, he has been the head of the law firm «VERUM». Provides legal escorts for construction and investment projects, including foreign funds.


Higher legal RSU. Graduated in 2001.


David Drake


Chairman of LDJ Capital, a family office; Victoria Partners, LDJ Real Estate Group; Drake Hospitality Group; and, The Soho Loft Media Group. LDJ Capital's extended network of funds of funds and hedge funds manages 1.5 trillion USD in assets. David previously represented the US Commerce Department at the EU and he spoke at the UK Parliament. The Soho Loft Media Group has produced and sponsored over 1100+ global finance conferences since 2002. David Drake is actively involved in the Crypto community as a speaker and has helped ICO firms he advised raise $61M in funding.

Ivanov Konstantin


Founder of the world’s largest social network for traders tradingview.com, which works in 16 countries. More than 2 000 000 active traders use the platform every month. Today, Trading View is the main technical analysis tool for traders in the 12 most popular cryptocurrency: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic, Dash, Monero, Zcash, Golem, Steem, Gnosis.

Alexey Telnov


Partner at VC arm of one of the largest family offices in Eastern Europe, former investment director at iTech ital ($100+M AUM), responsible for fintech, blockchain and marketing tech investments (including TradingView, BitFury, Clickky and others). Alexey is also ex Board Observer at BitFury. Alexey previously worked at BCS Financial Group. Hоlds M.A. in Finance and Law

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