Cmorq

★ Company Overview

Cmorq is a fintech company founded in 2018 and headquartered in New York City, United States. The full name of the company is Cmorq Technologies Inc., which was founded by Hossein Azari. Hossein Azari was previously the co-founder and chief data scientist of Clarity Money, which was acquired by Goldman Sachs in 2018 for $100 million. He holds a Ph.D. in Computer Science from Harvard University and an MBA from Columbia University, and has extensive experience in data science, machine learning, and fintech. As of the fourth quarter of 2023, Cmorq's registered capital information has not been publicly disclosed.

The company's executive team also includes Wenjun Gui (co-founder and principal data engineer), who holds a master's degree in computer science from New York University and worked as a C++ developer at a hedge fund. The advisory team includes Edoardo Airoldi (Scientific Advisor) and Ricardo Villela Marino (Partner at Union Bank Itaú and former Emerging Markets Portfolio Manager at Goldman Sachs Asset Management). Cmorq is a member of the Fintech Association of America, reflecting its involvement in the industry. The enterprise architecture adopts a decentralized model, and the operational network is supported by globally distributed nodes. The shareholding structure was not publicly disclosed. The Company publishes a compliance statement on its official website, emphasizing compliance with relevant laws and regulations and alerting users to the risks of participating in decentralized finance (DeFi).

The founding of Cmorq is closely related to the rapid development of the DeFi industry. In 2018, the maturity of blockchain technology and the need for decentralized financial services drove the creation of the company, with the goal of providing efficient and transparent financial solutions through technological innovation that break the limitations of the traditional financial system.

★ Regulatory information

Although not directly bound by traditional regulators, Cmorq's platform is designed with some elements of compliance. For example, for institutional clients, the company has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to meet international compliance standards. These measures are designed to verify the legitimacy of the client's identity and reduce the risk of illicit money flows. However, these compliance measures are implemented internally by the platform and not mandated by external regulators.

Due to the immature regulatory environment in the DeFi industry, Cmorq's operating model allows it to offer its services globally while avoiding the complexities of traditional financial regulation. Users are responsible for assessing the legal and compliance risks of different jurisdictions when using the Platform.

★ Trading Products

The Cmorq platform offers the following main trading products:

OpenFi: A decentralized finance platform that enables users to invest, borrow, exchange, and send crypto assets.

BirdiFi: A collection of non-fungible tokens (NFTs) that allows users to explore and own unique digital artworks and collectibles.

SwiftID: An artificial intelligence (AI)-powered KYC solution that provides free KYC verification services to fintech companies and small businesses.

These products are aimed at institutional clients (such as fintech companies) and retail users (individual investors) and are designed to provide secure, easy-to-use DeFi services. Trading products meet the growing demand for decentralized finance and digital assets. As of Q4 2023, specific product usage data, such as the number of users or transaction volume, was not disclosed in detail.

★ Trading Software

Cmorq offers the following tools to support users' interaction with the platform:

Cmorq App: A mobile app that allows users to access Web3 features, including investing, lending, Exchange and send crypto assets.

Cmorq Wallet: A multi-currency wallet that supports multiple blockchain networks such as Bitcoin, Ethereum, Binance Smart Chain, and more.

APIs: Provide developers with application programming interfaces (APIs) to integrate Cmorq's services with other platforms or tools.

Together, these tools form Cmorq's trading software ecosystem, designed to enhance the user experience and simplify DeFi operations. The combination of the Cmorq app and wallet provides users with flexible options to operate via mobile devices or custom development via API. As of the fourth quarter of 2023, Cmorq did not disclose specific user numbers or usage statistics for the trading software.

★ Customer Support

Cmorq supports users through the following channels:

Community support: There are official communities on platforms like Discord and Telegram where users can exchange questions and get help.

Documentation & Tutorials: The official website provides detailed user guides and development documentation covering platform features, API interactions, and FAQs.

Technical support: Provide customized technical support for institutional customers to ensure the smooth access and use of the platform for their business.

As a DeFi company, Cmorq's customer support relies primarily on community and online resources rather than traditional phone or email support. As of Q4 2023, the size of the support team or response time was not publicly disclosed. Users need to solve problems through self-help or community interaction, which is consistent with the operational characteristics of DeFi projects.

★ Core Business & Services

Cmorq's core business is to provide decentralized financial services, and its main services include:

OpenFi platform: Enables users to invest, borrow, exchange, and send crypto assets.

BirdiFi NFT Collection: Offers unique digital artworks and collectibles that support users to explore and own NFTs.

SwiftID KYC Solution: Free KYC verification service for fintech companies and small businesses.

The main targets of the service are institutional customers (such as fintech companies) and retail users (individual investors). Cmorq's operating model automates through smart contracts, eliminating traditional financial intermediaries, reducing operating costs and increasing transaction efficiency. It differentiates users with secure, easy-to-use DeFi services while providing compliant KYC solutions for institutional customers. As of the fourth quarter of 2023, Cmorq did not disclose specific service coverage or customer numbers.

★ Technical infrastructure

Cmorq's technical infrastructure is based on blockchain technology and mainly includes the following components:

Blockchain network: The platform supports multiple blockchain networks, including Bitcoin, Ethereum, and Binance Smart Chain.

Decentralized storage: Adopt decentralized storage solutions such as IPFS to ensure high availability and security of data.

Oracle services: Integrate with oracle services such as Chainlink to provide real-time market data for trading and risk assessment.

As of Q4 2023, Cmorq's technology platform supports high-concurrency transactions, and its network is maintained by globally distributed node providers. The company also mentioned plans to support other blockchain networks to increase transaction speed and reduce costs. The decentralized nature of the technical infrastructure ensures the transparency and censorship resistance of the platform.

★ Compliance & Risk Control System

Cmorq's compliance and risk control system includes the following key measures:

KYC and AML checks: Implement Know Your Customer (KYC) and Anti-Money Laundering (AML) processes for institutional clients, to verify identities and protect against illegal activities.

Risk assessment model: Analyze trading risks through proprietary algorithms and dynamically adjust trading conditions.

Smart contract audit: Regularly entrust a third-party organization to conduct security audits on smart contracts to prevent code vulnerabilities or hacker attacks.

These measures aim to balance the openness of DeFi with the security of your business. The company said it plans to work with more regulators in the future to adapt to changing global compliance requirements. As of the fourth quarter of 2023, specific audit reports or risk management data have not been publicly disclosed.

★ Market Positioning & Competitive Advantage

Cmorq is positioned as a fintech company in the DeFi space, mainly serving institutional customers and retail users who need flexible funding. Its competitive advantages include:

DeFi services: Providing secure, easy-to-use financial services in the DeFi market.

Proprietary risk management: Mitigate the risk of default through a credit assessment model and provide protection to users.

Community governance: Adopting the decentralized autonomous organization (DAO) model, users can participate in decision-making through tokens to enhance the adaptability of the platform.

Cmorq's market positioning has given it a foothold in the DeFi finance space, especially in the context of increasing institutional participation. As of the fourth quarter of 2023, there is no publicly available data to support its specific position or share of market position.

★ Customer Support & Empowerment

Cmorq empowers users by:

Governance participation: Token holders can vote on the direction of the protocol, such as new features or parameter adjustments.

Educational resources: Online tutorials and documentation are available to help users understand how DeFi and Cmorq work.

Community Building: Build a global community of users through social media and offline events to facilitate knowledge sharing and collaboration.

As of Q4 2023, Cmorq's community spans the globe with thousands of active users. Its empowerment model emphasizes user participation and self-service learning, which is consistent with the decentralized concept of DeFi.

★ Social Responsibility & ESG

CMORQ Promote social progress through technological innovation, which is mainly reflected in the following aspects:

Financial inclusion: Provide barrier-free financial services for global users and lower the barriers to entry for traditional finance.

Transparency: Blockchain technology ensures that transaction records are publicly available and enhances trust.

Sustainability: Supporting green finance projects, such as reducing carbon footprints through low-energy blockchain networks.

Although no specific ESG (environmental, social, and governance) projects or data are disclosed, Cmorq's business model aligns with DeFi's goal of promoting financial inclusion. As of the fourth quarter of 2023, the Company has not disclosed a detailed social responsibility program.

★ Strategic Partnership Ecosystem

Cmorq has established strategic partnerships with a number of DeFi projects and blockchain networks, including:

Aave: Cooperate to provide liquidity support and enhance the platform's funding depth.

Polygon: Leveraging its network for low-cost, high-efficiency transaction processing.

Chainlink: Integrates oracle services to provide reliable market data.

In addition, Cmorq explores collaborations with traditional financial institutions to drive the convergence of DeFi and traditional finance. As of the fourth quarter of 2023, the specific results or scale of the cooperation were not disclosed in detail.

★ Financial health

Cmorq's financials are not publicly disclosed, but its momentum can be inferred from the following information:

2019 Seed Round: Sequoia Capital India, The exact amount of the investment by Arrington Capital and other institutions was not disclosed.

Total Value Locked (TVL) in 2023: Platform TVL reached $50 million as of Q4 2023, reflecting business growth.

Cmorq earns revenue through platform fees and token sales, and its financial position remains stable. However, as a private company, its detailed financial statements are not available.