HOMELEND

kitanodebunmi (36)in #hdm • 6 years ago

If you ask me, having a home; having some a place to lie your head and a roof over it is the most important thing next to feeding. The joy that comes over anyone just knowing that at least there is a place he can call home, a shelter over his head. Having a home is like a core requirement, i don't think it can even be debated upon and listed as a option out of many for anyone; afterall one cannot go into the streets and rest his head on a stone and say the streets is his home.

For most people, people like me anyways would prefer having a place of his own to staying with family and friends and this means renting a place or even buying one if possible and that brings us to something called "Mortgage Loan". Mortgage Loan is a type of secured loan that is directed at paying for houses, homes or even land to be refunded at a much later date which is usually decided by the mortgage lender and the borrower. The intricacies of a mortgage would always remain complicated; a mortgage is always accompanied by a whole lot of paperwork which opens up opportunities for a lot of human error as the paperwork is done manually, it also has a lot of parties involved and that is one of the reasons why mortgage loans take up a whole lot of time and normally in things like thing, time is of the essence.

In the past, there has always been a link between the mortgage lender and borrower; between banks and mortgage borrower which has facilitated the borrowing and even repayment of mortgage loans but that is not the same anymore; as a result of the involvement of a lot of parties during the borrowing and lending of a mortgage loan, there isn't any direct link to mortgage lenders and borrowers anymore and this is not a good thing in any sense of it as it mostly leads to cases of misunderstandings and costly ones at that. Mortgage loan has always been done with the involvement of several third parties but imagine a different scenario whereby mortgage loan is being done between one person and another person, that would inherently change the way mortgage loan has been for years; the time taken would be greatly reduced, there would be a reduced case of human error as a result of so much paperwork and there would be little or no confusion between parties. The Homelend platform is essentially a peer-to-peer lending platform.

Right from the introduction of the blockchain technology, it has been applied to a lot of economic sectors, solving a lot of prevalent problems and paving the way for the emergence of a desired future. Blockchain technology has found applications in healthcare, power, energy and even the financial systems but it is yet to be applied to Mortgage within the financial system but that is about to change.

How Homelend's peer-to-peer Mortgage lending system works:
The Homelend platform leverages the use of smart contracts just like the Ethereum blockchain. The idea behind Mortgage business is being incorporated into the smart contract leveraged by Homelend.
With the Homelend platform, the direct link between lender and borrower is revived and hence the number of third parties involved in the origination of a Mortgage loan is greatly cut down which inherently translates to increased efficiency and reduced errors.
The Homelend creates vast opportunities for real estate agents and even real eatate investors and also helps individuals with the financing for their desired homes.

Homelend Token Generation Event.
The Homelend Token symbol is HDM with a total supply of 250,000,000 HDM from which 80% (200,000,000 HDM) would be in circulation and 20% (50,000,000 HDM) would be kept aside as reserve.

Token Distribution.
From the 80% in circulation,
8% (20,000,000 HDM) would be allocated to the founding team, 8% (20,000,000 HDM) to the advisors and bounty campaign.
28% (70,000,000 HDM) to the presale and 36% (90,000,000 HDM) to publicsale.

Homelend Team.