EthicHub ETHIX ICO: Capital & Credit Blockchain Crowdlending?

Source : EthicHub ETHIX ICO: Capital & Credit Blockchain Crowdlending? Connecting investors and small producers is one of the ways to boost business. Small business owners need funds to facilitate their growth, and investors need the best ventures to invest their money. Therefore, it is important for both parties to find a platform where they can connect with each other. One such platform is Ethic Hub (ethichub.com) This is a website that is fast growing in popularity, and promises to change the way people do business. To understand what this platform is all about, read on. What Is EthicHub? This is the go-to crowdfunding website for small producers that are looking for financial services. They can find credits at low interest rates from the many investors that are ready to help them. On the other hand, investors that are seeking for positive profits can find it right here. What the website does is to give them access to some of the highest impact projects. By universalizing access to various forms of credit, the website ensures that everyone has access to the best investment opportunities. What happens is that repayments are rated so that trust is built. Trust is determined through the rating of both the borrowers and local node. The platform also focuses on improving efficiency and transparency. To achieve this, intermediaries are eliminated, and only projects with positive impact and high profits are recommended. EthicHub Capital & Credit Blockchain Crowdlending If you are a small producer that wants to borrow from this platform, you will have to know about some of the terms and conditions. To start with, the loans range between € 1,000 and € 2,000 per person. This is the initial phase that targets farmers from Chiapas, Mexico, an area that has been carefully studied. It also takes into account the default rates, and the access to credit facilities by unbanked people in the society. If you have ideas that can help to make this project better, you can give your feedback through Telegram and Rocketchat. Participation in such chats is open even to those that only purchase tokens during the pre-sale period. [youtube https://www.youtube.com/watch?v=6wfn4MKU-os] What Makes EthicHub Different? One of the most notable aspects of this program is that commissions are only charged when there is success. Since their strategy is based on people, and their objective is to boost success, they will not charge anyone for a loan that has not been paid. The local Nodes are people who have strong ties to the community that they operate in and therefore, they understand best how to go about it. This is the reason they have had an overwhelming response from the community. EthicHub ETHIX ICO Details ETHIX Pre-ICO is estimated to start Q1 2018. The Pre-ICO goal is to raise enough funds to develop the platform within 6 months and validate the business model hypothesis so at the ICO we can present ourselves with an operational platform and a proven business model. An important part of the funds …

Plus…EthicHub ETHIX ICO: Capital & Credit Blockchain Crowdlending?

NewsBTC Interviews the Crowd-genie Team

Source : NewsBTC Interviews the Crowd-genie Team Crowdfunding has become a very important fundraising tool across various sectors including startups and non-profits. However, with the rising popularity of blockchain technology and the concept of ICOs, many new projects are increasingly adopting crowdsales and crowdlending as the preferred method of fundraising. But the rise in trend has also created uncertainties regarding the authenticity […] The post NewsBTC Interviews the Crowd-genie Team appeared first on Bitcoin Wiki.

NewsBTC Interviews the Crowd-genie Team

Source : NewsBTC Interviews the Crowd-genie Team Crowdfunding has become a very important fundraising tool across various sectors including startups and non-profits. However, with the rising popularity of blockchain technology and the concept of ICOs, many new projects are increasingly adopting crowdsales and crowdlending as the preferred method of fundraising. But the rise in trend has also created uncertainties regarding the authenticity […] The post NewsBTC Interviews the Crowd-genie Team appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

NewsBTC Interviews the Crowd-genie Team

Source : NewsBTC Interviews the Crowd-genie Team Crowdfunding has become a very important fundraising tool across various sectors including startups and non-profits. However, with the rising popularity of blockchain technology and the concept of ICOs, many new projects are increasingly adopting crowdsales and crowdlending as the preferred method of fundraising. But the rise in trend has also created uncertainties regarding the authenticity of the campaigns among the contributors, which has started to pose a huge challenge to genuine projects and businesses. Now, Crowd-genie is a platform which is introducing a safe and secure business lending solution that makes it easier for small businesses to borrow funds in the time of need. The platform has various safety features in place to ensure reliability. In addition, it also holds a license from the Monetary Authority of Singapore, which puts Crowd-genie in the league of very few platforms of such standing. We interacted with the team behind Crowd-genie to gain some insights into the industry sector and their operations. NewsBTC: Why is licensing so important? How difficult is it to get in Singapore?  Crowd-genie: Being registered and licensed are two different stories. As peer to peer lending platform involves enormous monetary transactions, a securities license is crucial for regulated lending activities. It’s never an easy task and the application process requires time and effort. In order to get the MAS “Dealing in Securities” license, it took us few months to go through our internal operation processes with the regulatory board, to convince them that our platform is credible. In general, apart from the minimum capital required, we are required to have a solid compliance manual to prevent money laundering and terrorism financing activities, and protect the interest of borrowers and lenders by having an Escrow Agent who manages all funds. Lending activities also need to be recorded and submitted to MAS on a regular basis. NewsBTC: Can you please explanation of how reputations coin work? Crowd-genie: The biggest concern that any lender has is the risk of default. Hence, the borrower should be rewarded if they have excellent past payment history, by lowering the interest rate. For each repayment, from the borrower to lenders, we will incentivise on-time payment by adding CGCOIN “Credits” to the borrowers’ wallets. This will be a spendable asset that will be tracked separately in the Digital Passport. The more CGCOIN Credits earned, the higher their reputation, and that in turn, will increase their chances of getting higher investments from more lenders and/or a lower interest rate. This will add an additional data point to our AI credit assessment system which will add greater depth to our credit assessment. Similarly, for the lenders, CGCOIN could be given to reward speed of deal closure or engagement in the Crowd Genie ecosystem. NewsBTC: Why is there a need to create a token-based lending platform?  Crowd-genie: Token-based lending was created in order to build a private capital hub for Asia Pacific using smart contracts to enable lending without borders more efficient, cheaper and …

Plus…NewsBTC Interviews the Crowd-genie Team

Breaking News: HitBTC Announces Listing of ETHLend LEND Token on Exchange

Source : Breaking News: HitBTC Announces Listing of ETHLend LEND Token on Exchange Source HitBTC – First Exchange to List LEND token! ETHLend, the first and only functioning decentralized lending platform, has successfully raised $13 million USD in the first 2 days of its public token sale for early adopters of the decentralized lending application build on top of the Ethereum network. ETHLend is a decentralized lending platform with an extensive roadmap that is going to see the ETHLend team to implement various crypto financial products such as token lending, crowdlending, collateral management and a protocol for AI lending bots. ETHLend’s road map can be found at https://ethlend.io/en/roadmap/. ETHLend’s pre-sale closed out in September from an impressive zero marketing budget to a 2000 ETH cap being met within 77 hours. The Token sale started on November 25 at 12 PM GMT and skyrocketed to an impressive 10 million dollars in the first 30 mins. There is now less than 20% of LEND token available before the cap is reached and its closing out at a steady pace with the minimum purchase of 0.01 ETH. Leading the way in decentralized lending, Stani Kulechov the founder of ETHLend has now gathered a community of over 7 000 members. Personally involved in the group, he’s available day in and day out to answer queries which has given a feeling of security amongst the ETHLend community. This is all backed up by an impressive advisory board with names including but not limited to Jon Matonis the founding Director of The Bitcoin Foundation and Robert Viglione co-founder of Zencash or Tomoaki Sato, founder of Starbase. ETHLend (LEND) token will be listed on HitBTC exchange after ETHLend closes the token sale. After token sale ends all tokens will be transferable and HitBTC will offer a marketplace for LEND token holders. Listing date will be announced after token sale closes or when it ends 27th of December. Github https://github.com/ETHLend/ WhitePaper https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md Follow ETHLend on Telegram https://t.me/ETHLend Join their Whitelist and partake in the token sale https://ethlend.io/en/whitelist/ Discuss on Telegram

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