The Deal Coin is an international blockbuster platform for lending
The international company We Fund Any Deal announced the creation of a decentralized block-credit platform for The Deal Coin.
The main objective of the platform is to provide affordable and rapid loan financing for small and medium-sized businesses around the world.
To begin with, it is necessary to identify the main existing problems in this segment of financial relations:
Insufficient sampling of statistical data for analyzing the solvency and life cycle of small enterprises.
High transaction costs associated with monitoring and evaluation.
For creditors, one of the main problems is the existence of large credit risks and the lack of assessment of small and medium-sized businesses, which makes it difficult for borrowers to raise funds. This leads to an increase in the time for consideration of the application, which in some cases may take several months, and the need to provide a large number of documents for which preparation is required to apply to state bodies. All this increases the time before obtaining financial loans
In many countries, the credit rate for small and medium business reaches 50% and there is no possibility of access to international financing.
Insufficient sampling of statistical data for analyzing the solvency and life cycle of small enterprises.
High transaction costs associated with monitoring and evaluation.
For creditors, one of the main problems is the existence of large credit risks and the lack of assessment of small and medium-sized businesses, which makes it difficult for borrowers to raise funds. This leads to an increase in the time for consideration of the application, which in some cases may take several months, and the need to provide a large number of documents for which preparation is required to apply to state bodies. All this increases the time before obtaining financial loans
In many countries, the credit rate for small and medium business reaches 50% and there is no possibility of access to international financing.
The existing problems can be solved by the international platform The Deal Coin, which uses block technology in the Ethereum network. Thanks to the platform, borrowers and creditors from around the world can cooperate with each other on mutually beneficial terms.
The Deal Coin has established partnerships with leading organizations in the following areas:
- Account Management (Identity Management). Everything related to information about a real person: his name, sex, position, year of birth.
- Assessment of the level of credit risk (Credit risk). Probability of non-payment or delay in payment.
- Legal and insurance companies.
Companies wishing to receive financing must complete the KYC and AML form. After passing the necessary checks, the borrower is informed about this, and the results are published in general access for the convenience of potential investors. Those who wish to provide loans on the platform should also pass KYC, after which they will have access to the DLSD ecosystem.
Thus, The deal Coin guarantees a quick and high-quality audit, which will determine the interest rate for each company that wants to receive financial support. In addition, users have the opportunity to discuss mutually beneficial terms and rates. Each transaction will be registered in the block, which will ensure the transparency of the platform.
The internal (The Deal Token) and the external (The Deal Coin) crypto currency will be issued. With the help of the internal, companies will finance and receive interest for the transactions held, and the external one can be traded on exchanges. To prevent volatility The Deal Token will be pegged to the pound sterling at a rate of 1: 1.
The platform, company profiles, will contain information on the procedure for repaying debts and lining up a credit rating, which will contribute to obtaining financing. Personal information of users will be protected by means of cybersecurity.
The platform acts as an intermediary between the lender and the borrower.
To raise funds with The Deal Coin, it will take significantly less time than the current funding methods. Blocking technology guarantees transparency, speed and absence of a bureaucratic apparatus, than today's system that has been formed for many years can not boast. Companies located in different geographical locations will have access to cash flow from around the world.
To raise funds with The Deal Coin, it will take significantly less time than the current funding methods. Blocking technology guarantees transparency, speed and absence of a bureaucratic apparatus, than today's system that has been formed for many years can not boast. Companies located in different geographical locations will have access to cash flow from around the world.
It is worth noting that the activities of the company We Fund Any Deal, is governed by UK regulations, and the platform seeks to expand jurisdictions.
The main sale of tokens will begin on April 20, 2018 and will last 8 weeks.
The pre-sale started on March 29 with a 20% bonus which will be reduced
to 15% and 10% on April 6 and April 13 respectively. If someone has an interest in the project, be sure to take time for detailed study. To do this, leave a link to Whitepaper - here you can get a detailed technical description, and in case of questions, you can safely ask the official line of the project for bitkontalk ANN THREAD .
The pre-sale started on March 29 with a 20% bonus which will be reduced
to 15% and 10% on April 6 and April 13 respectively. If someone has an interest in the project, be sure to take time for detailed study. To do this, leave a link to Whitepaper - here you can get a detailed technical description, and in case of questions, you can safely ask the official line of the project for bitkontalk ANN THREAD .
Author by: Ayin2206
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