BLOCK66:EMPOWERING THE ECOSYSTEM THROUGH EASE IN LENDING ACCESSIBILITY VIA BLOCKCHAIN
OVERVIEW
It is with great pleasure i sincerely wish to inform you about a project with the unique features to improve our ecosystem. Basically, as always, I would like to highlight out that my articles are never and in no way any financial advice and will be a guide to adequately inform the masses about a unique project.Nevertheless they represent solely my opinion on a project nothing more, and I have studied them extensively for my purpose. As with any decision in life, everyone has to self-responsible to get their own opinion based on research.
It is common knowledge that the blockchain technology is revolutionary.
This has led to the urgent need for a platform that can assist humanity and develop the ecosystem to a favourable stage.
INTRODUCTION OF BLOCK66
Block66 is a unique project that is building a new blockchain-enabled marketplace for mortgages.It gives leverage to Institutional and private lenders to utilize fully the services to offer loans to a wide range of borrowers, which is been introduced by Block66 broker partners.
The project through its blueprint has strategic measures through the practical use of smart contracts, loans can be taken from origination to facilitation, quickly and efficiently. Nevertheless,loans are also represented as tradable tokenized securities, providing a liquidity mechanism as standard.
Structures has been created to enable trade fractions of loans, and reduced order and issuing fees makes investing more inclusive, providing an attractive investment vehicle for all manner of investors.
All these goodies are made possible through the empowerment of cryptocurrency.
UNIQUENESS OF BLOCK66
This platform was initiated by extremely experienced individuals with structures embedded in the project to totally eradicate the need for a bank account
Provide channels to overcomes geographical lending restrictions and reduces counterparty risk to mere minutes.
Giving borrowers assurance and boost the transparent level and competitive nature of the marketplace will benefit the consumer and give them confidence that they’re getting near enough the best offer achievable.
Lenders have the ability to access a marketplace of vetted borrowers looking for mortgage finance which will be granted without restrictions.
The platform has empowered the Marketplace though it's public but highly transparent, and automated, so lending is streamlined, with lower costs, and lower risks.
ROADMAP
Q1 2017
INCEPTION
Block66 is conceived. Work begins on drafting the whitepaper and contact is made with some early advisors and team members.
Q4 2017
WORK BEGINS
Planning work begins on the Block66 platform. User journeys and operating flows are designed for the matching engine.
Q2 2018
TOKEN GENERATION EVENT (TGE)
TGE launch planned for end of June. Office build out begins. Wireframing and prototypes of platform produced.
Q3 2018
DESIGN AND DISTRIBUTION PHASE
Ramp up marketing and business development efforts. Form "Block66 Alliance" of customers. Move aggressively into product planning and design.
Q4 2018
BUILD PHASE
Alpha testing phase with first customers using the platform. First "Block66 Alliance" report.
Q1 2019
RELEASE PHASE I
MVP Launch, with first batch of on-chain loans funded and distributed via the network.
Q3 2019
RELEASE PHASE II
Loan tokenisation. Network users can trade on-chain securities on a fractional basis, with smart contracts ensuring that loan repayments are distributed to all token holders.
TOKEN DETAILS
Token B66
PreICO Price 1 B66 = 0.07 USD
Price 1 B66 = 0.10 USD
Platform Ethereum
Accepting ETH, BTC, BCH
Minimum investment 100 USD
Soft cap 3,000,000 USD
Hard cap 12,285,000 USD
Conclusively,Block66 has created huge means to eliminates the need for a bank account, overcomes geographical lending restrictions and reduces counterparty risk to mere minutes. For borrowers, the transparent and competitive nature of the marketplace will benefit the consumer and give them confidence that they’re getting near enough the best offer achievable.
For more information kindly access the links below
Website
https://block66.io
Whitepaper
https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view
Ann
https://bitcointalk.org/index.php?topic=4511083
Medium
https://medium.com/@block66
Facebook
https://www.facebook.com/Block66Official
Twitter
https://twitter.com/Block66_io
Reddit
https://www.reddit.com/r/Block66/
Author's details
Name: Dulo Wegner
Bounty0x username
Dulowegner