Block66: Securitizing Mortgages on the Blockchain
INTRODUCTION
Blockchain and Smart Contracts open numerous ways to new decentralized organizations and takes out the requirement for costly outsiders. Numerous new organizations are currently taking a shot at this innovation, and vast organizations are trying it in shut systems to work together straightforwardly with each other without the requirement for mediators.
Hence, there is a great deal of tasks that are beginning to utilize this new innovation. In any case, not every one of them are justified, despite all the trouble. We need to peruse well what each task is devoted to, what is its whitepaper, its qualified consultants, and so on. As I stated, blockchain innovation has picked up notoriety because of the publicity about digital currencies which has shaken numerous new companies to dispatch their own cryptographic forms of money even without persuading basics. This pattern has developed in light of the fact that new contestants have been more dexterous in embracing rising advances contrasted with officeholders who are hampered by heritage systems. Be that as it may, this intensity and this favorable position delighted in by the new players might be fleeting, as no economies of scale are considered.
Moving to the point... Home loans are currently a result of rich individuals, the innovation in the market is bygone, and numerous dissolvable individuals have been left stranded by establishments hesitant to hazard.
Thus, the undertaking I am will exhibit you is Block66, another cryptocurrency venture that is bridling the intensity of blockchain innovation and, therefore, lessens boundaries to section for little adaptable loan specialists, streamlines start and makes new open doors for borrowers.
DEFINITION
As I said, Block66 (B66) (https://block66.io/) is planned as another sort of home loan loaning platform that influences blockchain innovation to build straightforwardness and streamline capital sending. Block66 streamlines all home loan programming and the pile of tasks. For facilitates, a one-stop shop, which incorporates FICO ratings, property evaluations and coordinating moneylenders. For banks all things considered, a feasible advance portfolio, a review device and a home loan securitization platform. For borrowers, a brisk and uncomplicated approach to get to the best credit openings.
OBJECTIVE
The fundamental goal of Block66 is to redesign the scene of home loan advances through the production of the main system of home loan credits on the planet empowered by a chain of squares. After some time, the system will attempt to cross fringes, associating private and institutional loan specialists with borrowers around the globe. All home loans will be issued and managed in the blockchain.
TOKEN DETAILS
The token is called B66. B66 is a restricted offer token that when put away in a unique clever contract creates the local token of the system - BNET, which is then sold through the platform to the clients of the system.
Token: B66
Platform: Ethereum
Type: ERC20
PreICO Price: 1 B66 = 0.07 USD
Price in ICO: 1 B66 = 0.10 USD
Tokens for sale: 135,000,000
TOKEN DISTRIBUTION
ROADMAP
Date Stage Event
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.
THE TEAM
For more details, if you don't mind visit:
Website => https://block66.io
Whitepaper=> https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view?usp=sharing
Facebook => https://www.facebook.com/Block66Official
Twitter => https://twitter.com/Block66_io
Linkedln => https://www.linkedin.com/company/block66/
Reddit => https://www.reddit.com/r/Block66/
Youtube => https://www.youtube.com/channel/UCHBDzsJ5aKcYr02lrDVxoag?view_as=subscriber
Medium => https://medium.com/@block66
Telegram => https://t.me/block66_Official
Bounty0x Username => eni198881