★ Company Profile
Cmorq is a fintech company founded in 2018 and headquartered in New York City, USA. The company's full name is Cmorq Technologies Inc., and it was founded by Hossein Azari. Hossein Azari was 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, with extensive experience in data science, machine learning, and fintech. As of the fourth quarter of 2023, Cmorq's registered capital information was not publicly disclosed.
The company's executive team also includes Wenjun Gui (co-founder and chief data engineer), who holds a master's degree in computer science from New York University and has worked as a C++ developer at a hedge fund. The advisory team includes Edoardo Airoldi (Scientific Advisor) and Ricardo Villela Marino (Partner at Unibank Itau and former Emerging Markets Portfolio Manager at Goldman Sachs Asset Management). Cmorq is a member of the American Fintech Association, reflecting its involvement in the industry. The enterprise architecture adopts a decentralized model, and the operating network is powered by globally distributed nodes. The shareholding structure is 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 establishment of Cmorq is closely tied to the rapid development of the DeFi industry. In 2018, the maturity of blockchain technology and the need for decentralized financial services drove the company's founding, with the goal of providing efficient and transparent financial solutions through technological innovation, breaking the limitations of traditional financial systems.
★ Regulatory information
Despite not being directly bound by traditional regulatory bodies, Cmorq's platform design incorporates some compliance elements. For instance, for institutional clients, the company implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to align with international compliance standards. These measures aim to verify the legitimacy of customer identities and reduce the risk of illicit financial flows. However, these compliance measures are enforced within the platform and are not mandated by external regulatory bodies.
With the DeFi industry's regulatory environment immature, Cmorq's operating model allows it to offer its services globally while avoiding the complexities of traditional financial regulation. Users should assess 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 supports users in investing, lending, swapping, and sending 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 offers free KYC verification services for fintech companies and small businesses.
These products are aimed at institutional customers (such as fintech companies) and retail users (individual investors) and are designed to provide secure and easy-to-use DeFi services. Trading products meet the growing market demand for decentralized finance and digital assets. As of the fourth quarter of 2023, specific product usage data, such as the number of users or transaction volume, was not disclosed in detail.
★ The trading software
Cmorq offers the following tools to support user interaction with the platform:
Cmorq App: A mobile application 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, and Binance Smart Chain.
APIs: Provide developers with application programming interfaces (APIs) to integrate Cmorq's services into other platforms or tools.
Together, these tools form Cmorq's trading software ecosystem, aiming to enhance user experience and streamline DeFi operations. The combination of the Cmorq app and wallet provides users with flexible options, whether it can be operated through mobile devices or customized development through APIs. As of Q4 2023, Cmorq did not disclose the specific number of users or usage statistics of the trading software.
★ Customer Support
Cmorq provides support to users through the following channels:
Community Support: There are official communities on platforms like Discord and Telegram where users can exchange questions and get assistance.
Documentation and 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 clients to ensure smooth business access and use of the platform.
As a DeFi company, Cmorq's customer support primarily relies on community and online resources rather than traditional phone or email support. As of Q4 2023, the specific support team size or response time was not publicly disclosed. Users need to solve problems through self-service methods or community interactions, which aligns with the operational characteristics of DeFi projects.
★ Core Business and Services
Cmorq's core business is to provide decentralized financial services, and its main services include:
OpenFi platform: Supports users in investing, lending, exchanging, and sending crypto assets.
BirdiFi NFT Collection: Offers unique digital artwork and collectibles, supporting users in exploring and owning NFTs.
SwiftID KYC Solution: Free KYC verification services for fintech companies and small businesses.
The service targets mainly include institutional customers (such as fintech companies) and retail users (individual investors). CMORQ's operating model automates through smart contracts, eliminating traditional financial intermediaries, reducing operational costs and improving transaction efficiency. Its differentiating advantage lies in providing users with secure and easy-to-use DeFi services while providing compliant KYC solutions for institutional clients. As of the fourth quarter of 2023, Cmorq has not disclosed specific service coverage or customer counts.
★ 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: Employ decentralized storage solutions like IPFS to ensure high data availability and security.
Oracle Services: Integrates oracle services like 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 a global distributed node provider. The company also mentioned plans to support other blockchain networks to improve transaction speeds and reduce costs. The decentralized nature of the technological infrastructure ensures transparency and censorship resistance of the platform.
★ Compliance and 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 identity and protect against illegal activities.
Risk Assessment Model: Analyzes trading risks through proprietary algorithms, dynamically adjusting trading conditions.
Smart Contract Audit: Regularly entrust third-party institutions to conduct security audits of smart contracts to prevent code vulnerabilities or hacker attacks.
These measures aim to balance the openness of DeFi with business security. 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 were not publicly disclosed.
★ Market Positioning and Competitive Advantage
Cmorq is positioned as a fintech company in the DeFi space, primarily serving institutional clients and retail users who require flexible capital. Its competitive advantages include:
DeFi Services: Providing secure and easy-to-use financial services in the DeFi market.
Proprietary Risk Management: Reduces the risk of default through credit evaluation models, providing protection for users.
Community Governance: Adopting a decentralized autonomous organization (DAO) model, users can participate in decision-making through tokens, enhancing platform adaptability.
Cmorq's market positioning positions it as a niche for itself in DeFi finance, especially in the context of increasing institutional participation. As of the fourth quarter of 2023, the specific ranking or share of its market position is not supported by public data.
★ Customer Support and 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: Provides online tutorials and documentation to help users understand the operational processes of DeFi and Cmorq.
Community Building: Build a global user community through social media and offline activities, promoting knowledge sharing and collaboration.
As of Q4 2023, Cmorq's community has a global reach, with thousands of active users. Its empowerment model emphasizes user engagement and self-help learning, aligning with DeFi's decentralized philosophy.
★ Social Responsibility and ESG
Cmorq promotes social progress through technological innovation, mainly in the following aspects:
Financial inclusion: Provide accessible financial services to global users, lowering the entry barrier for traditional finance.
Transparency: Blockchain technology ensures that transaction records are open and accessible, enhancing trust.
Sustainability: Support green finance projects, such as reducing carbon footprints through low-energy blockchain networks.
Although specific ESG (Environmental, Social, and Corporate Governance) projects or data are not 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 announced a detailed social responsibility plan.
★ Strategic Cooperation Ecosystem
Cmorq has established strategic collaborations with several DeFi projects and blockchain networks, including:
Aave: Cooperation provides liquidity support and enhances the platform's financial depth.
Polygon: Leverages its network for low-cost, high-efficiency transaction processing.
Chainlink: Integrates oracle services to provide reliable market data.
Additionally, Cmorq explores collaborations with traditional financial institutions to drive the integration of DeFi with 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 financial position is not publicly disclosed, but its momentum can be speculated from its
2019 seed round funding: Received investment from Sequoia Capital India, Arrington Capital and other institutions, the exact amount was not disclosed.
Total Locked Value (TVL) in 2023: As of Q4 2023, the platform's TVL reached $5000K, reflecting business growth.
Cmorq generates revenue through platform fees and token sales, and its financial situation remains stable. However, as a private company, its detailed financial statements are not available.
★ Future Roadmap
CMORQ's future development plans include:
Multi-chain deployment: Plans to deploy the protocol on more blockchain networks to expand the user base and transaction efficiency.
Product Innovation: Launch new financial products to meet the needs of different types of customers.
Risk Management Upgrades: Optimize credit assessment models to support a wider customer base.
Ecological Construction: Enrich platform functions and application scenarios through cooperation and community governance.
