It’s commonly known that cryptocurrency, blockchain and fintech are dramatically changing world financial sector and economy. However, many questions still remain unresolved, for instance: banking, financial processing and lending.

Cryptocurrencies supporters believe that blockchain technology will completely replace traditional banks. But others reckon that it will only change traditional financial infrastructure, making it more efficient. No one knows who is right, but it’s possible to say that the banking sector transformation under the blockchain influence is inevitable.

Nowadays the society is about to witness the next generation of decentralized credit platforms, combining blockchain with real finance. Entrepreneurs are now looking for a better deal and want to connect their businesses with new technologies, eliminating geographical factor.

Today many small and medium businesses need a quick and efficient lending procedure as the current banking system has become ineffective. Intermediate banks slow the procedure and have too much unnecessary paperwork that can seriously influence business development. Besides, the rates are really too high for the borrowers. The Deal Coin project offers an innovative and effective system where the borrower and the lender are directly connected. 

The Deal Coin 

The Deal Coin is a decentralized P2P platform connecting lenders and borrowers around the world and providing a network of professional and institutional lenders.

The Deal Coin creates the new ecosystem with credit reference, identity management, credit risk, legal insurance of the blockchain companies to ensure that all the applicants are expertly protected from credit risks and all lenders are fully protected for the repayment. The Deal Coin expects that these principles will provide a unique financial system throughout the world.

Thus, businesses would be able to collect assets for their financement in minutes, rather than in weeks or months.

The Deal Coin solution enables borrowers and their assets to be identified, verified and authorized for funding at the most competitive rates.

All transactions will be transparently registered on the Ethereum Blockchain and therefore they will be fully protected for the repayment.

In general, The Deal Coin will provide an easier access to the financial world for small businesses.

How it works

The borrower completes the application using our decentralized app (DAPP), providing additional information to ensure his compliance with our KYC and AML policies. 

DAPP is securely connected to the lending transaction database (DSD), where the information is quickly processed and validated. 

The system performs the following tasks: 

• Asset verification;
• Ensuring that assets are valid and valued in relation to a potential loan; 
• Application agreement;
• Smart insurance for the  application and contracts protection; 
• ID Verification 
• Information validation by the borrower. 
• DAPP is able to work with any number of partners both through blockchain and traditional API communication. 
• Once everything is verified, the borrower receives a notification and the application is listed in the DSD and is displayed in DAPP. 

Users who intend to loan on the platform will need to fill the KYC information and participate in the DSD ecosystem. When the information is confirmed as a certified task, lenders are able to interact with borrowers through the DSD.  Thus, the users can connect with borrowers around the world and discuss the rates or terms acceptable to both parties.

ICO and Token Sale

The platform work is provided by the DLSD token.

The tokens pre-sale have begun in March 2018. By June 10, 2018, the project team plans to hit the hard cap. 1 bln DLSD will be issued.

• Soft cap: $5 mln.
• Hard cap: $50 mln. 

Unsold tokens will be transferred to the reserve fund. The token rate is $0.10. Tokens can also be purchased for BTC or ETH. A special bonus system is provided for early investors:

• From March 20 - 20% bonus;
• From 6 April - 15% bonus;
• From 20 April - 10% bonus.

ICO commences on May 4, 2018 and will last for 12 weeks.

ICO is open for a wide range of individuals. The project accepts investments in Ripple, Ethereum, Bitcoin or Fiat money.

Token sale will be carried out in accordance with the KYC policy. KYC and AML verifications will be performed by a third party. If the received information is incomplete or does not meet the technical requirements of the  project documentation, the token sale will be rejected for a customer.

Conclusion

Of course, financial sector changes won’t happen in a moment. Blockchain technology is still at early stages of development and implementation, so many serious issues remain unresolved. There are a lot of ICO start-ups determined to offer profitable solutions for different aspects of financial system. One of them is The Deal Coin.

Join ICO The Deal Coin!
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