ProfinCoin is a digital token which aims to increase efficiency of resource allocation in the construction sector. For the first issue size of 500,000,000.00 Baht, ProfinCoin will be allocated to finance short-term factoring loans from construction companies whose accounts receivable are used as collaterals. The borrowers and projects are carefully selected by an investment committee consisting of practitioners, academics, and a representative of token holders.
When this first lot of loans is maturing, the proceeds can be reinvested by two methods which are direct and indirect through active fund management. Digital lending platforms for construction projects will be created to serve a direct lending. This platform will connect all ProfinCoin holders with qualified companies which require financing. ProfinCoin holders can individually select construction projects they would like to finance