Most existing companies regularly require short and long term loans. They buy equipment, make necessary supplies, create infrastructure or simply pay wages in anticipation of money from customers.
However, in many countries, even successful and stable small and medium-sized enterprises are severely limited in their access to finance. Interest rates range from a modest 3.5% in the US to a marginal 50% in Brazil.
And even if interest rates are healthy, the lending process can be delayed by weeks and months. In addition, companies can not obtain credit from creditors who are not resident in the country of residence.
The biggest credit intermediaries in the UK - We Fund Any Deal - decided to correct this situation by creating a block chain platform for connecting lenders and borrowers and its cryptocurrency - Deal and Deal Coin tokens - released.
Equal interest for residents of all countries
The interest rate does not depend on the country in which the company is established, but on how solvent it is and what the risk of non-repayment is. Thus, all companies, regardless of their location in the ecosystem of Deal Coin, will operate on equal terms.
This will make the competition for credit competitive, transparent and honest.
Absence of red tape
The rules for awarding a loan will be the same for everyone and will be much easier than obtaining loans in Fiat. Borrowers only have to go through the KYC process and upload information about the pledged assets. Investors must also undergo the KYC process, allowing them to negotiate mutually beneficial terms with borrowers.
At the same time, the loan is formalized, insured and paid for by smart contracts that allow for easy verification and eliminate the risk of credit fraud.
Fight the volatility
One of the main problems of the cryptocurrency is its high volatility from the perspective of the lending business. We finance every deal team using a simple yet effective solution to this problem: two cryptocurrencies will circulate in the ecosystem.
Deal Token is the local currency of the platform that investors buy to lend and receive interest on loans. In this case, tokens are tightly tied to the British pound (GBP), which ensures low token volatility.
Deal Coin is the "external" currency of the platform, which is freely traded on stock exchanges. At the same time, buying deal-tokens for deal-coin is more profitable than using other fiats or digital currencies.
Both coins will be published on the Ethereum platform and comply with the ERC827 standard.
Summary
Deal Coin is a large-scale project that not only helps small and medium-sized businesses around the world get cheap and affordable money, but also helps bring life to the cryptocurrency market. So this platform is not only able to bring money to investors and creators, but also to significantly influence the crypto market and the economy as a whole (for the better).
For Information :
Website: https://wefundanydeal.io
Whitepaper: https://wefundanydeal.io/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3041085.0
Twitter: https://twitter.com/wefundanydeal
Facebook: https://www.facebook.com/wefundanydealcom-949135491807193
Telegram: https://t.me/thedealcoin
Whitepaper: https://wefundanydeal.io/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3041085.0
Twitter: https://twitter.com/wefundanydeal
Facebook: https://www.facebook.com/wefundanydealcom-949135491807193
Telegram: https://t.me/thedealcoin
By Kembartapibeda
Tidak ada komentar:
Posting Komentar