Becoming a creditor is always a matter of managing risk. Think about it. He is literally handing over the hard-earned money to another person who usually has little more than his word to do his duty. At best, there may be substantial collateral on the line, but this has become increasingly rare in recent decades, and even if there are collateral on the line, it is usually only a fraction of the loan's value. If it were more than a fraction, it would no longer be a guarantee but a commitment. So, creditors are getting started on what could be described as a somewhat predictable earthquake terrain. It only becomes more complicated when these loans begin to happen on international lines.

For the global elite, secure international loans are not a big problem because the costs of the army of lawyers (supervising the transfer itself and its legality) are little more than a footnote compared to the sums involved. For those who can't count on the attorney's version of the Justice League to oversee everything, then international loans are quite complicated and difficult, especially when the loans are among unrelated people. For example, for people trying to help others around the world start businesses or develop their region. This type of lending tends to get caught up in the bureaucracy web and both sides suffer for it.

Gelios tackles this problem with the latest generation of cryptocurrency technology. But ¿how does it work and how does it limit the risk to creditors?

This is the distinguishing characteristic of cryptocurrencies and Gelios token is no different. The entire system is built from scratch to be completely safe. One of the problems with normal transactions (especially outside Europe and North America) is the risk that the wrong person will end up with their money. If you want to help a person X start a business, but there is a risk that the transfer will be withheld by the government or may end up in the wrong person's hands, then you probably won't make that transfer. But with the advent of cryptocurrency, you can be sure that the guy on the other side is the guy you want to be there to receive the money.

Decentralization of currency is a key part of the value of cryptocurrency and Gelios. Decentralization is more than most people believe. It is often thought to be little more than the lack of a central structure to manage and route payments. But more than that, it is the lack of a central structure to regulate and decide the value of the currency itself. With national fiduciary currencies, the government is literally the only thing that insures the value of money.

With cryptocurrency and Gelios, the value assigned to the tokens does not come from a central power structure that tells it that it has value (and then insists on seeing the transaction, etc.), no, the value comes rather from a decentralized network of users that provide demand, which in turn creates value in itself. This is extremely important when working with many nations around the world that have fragile currencies or currencies with disadvantaged trading factors. Cryptocurrency, being completely borderless, has none of these problems. In addition, there are no transaction fees or difficulties with the exchange of certain currencies.

Along with decentralization and security is the new expectation of privacy that exists with cryptocurrency. When the world operated with cash and coins (as in real currencies), the vast majority of transactions were entirely private. There was no one meddling, no one reading the transcript and no one figuring out how much he has earned, borrowed, and won this year. Today, most transactions are conducted online or through a network (or several) and are recorded by many governments, businesses and third parties. With Gelios and crypto you have complete control and privacy.

These are just some of the ways in which Gelios technology uses cryptocurrency to help attract international P2P loans to the masses. Gelios also includes a litany of features that should be very interesting to our readers. The first is the smart contract: our contract system is based on smart contracts that give you countless benefits. We call this system Governance of Gelios Intelligent Contracts. Even better, with Gelios Client Risk Analysis you can assess the potential risk and potential of your Gelios loan. With intelligent contracts, risk analysis and other innovative features, Gelios is leveraging the best of cryptocurrency with innovative technologies and procedures.

If you are concerned about potential late payments, Gelios supports you with extreme protection. This protection is called the Gelios Collection Market. Gelios offers a service that allows you to use software collection tools to recover money from reluctant borrowers. All this to make international P2P loans accessible to everyone and to make sure that creditors know where their money is going and when they will get it back.

Gelios is holding a token generation (TGE) event that began January 21 and ends February 21. Each token (GLS) is equivalent to 1 USD and, in exchange for an advance contribution, offers a 100% bonus. The minimum limit is $150,000 Pre-TGE and $500,000 thereafter. The maximum limit has been set at $7,000,000. There is a total supply of 16,808,824 tokens of which 8,572,500 will be available to the community. All unsold tokens will be burned according to the rules of intelligent contract.