A New Lending Platform Using Blockchain - The Deal Coin!
The Deal Coin platform uses blockchain for peer to peer decentralized loans. The goal for the Deal Coin is to give everyone in the world access to fast, fair, and low cost loans with high levels of security for both the investor and the loan applicant. Historically, there is generally a large gap between the interest rates of banks and the loan rate given to loan applicants. For example, today you are lucky to get one percent interest on money in your bank account, while small loans may charge over ten percent in interest. The goal here is to lessen this wide gap in interest rates and give everyone a better deal by teamwork. By using modern blockchain technology and getting rid of old high cost processes, the Deal Coin can provide higher returns and better rates. The Deal Coin uses smart contracts on the blockchain, called Deal Contracts, to facilitate transactions.
The Deal Coin is developing partnerships in order to create a successful financial ecosystem. They are focusing on things like identity management, credit references, insurance companies, credit risk, and legal companies. The Deal Coin platform is being created by the company "We Fund Any Deal." This company was first established in the year 2015 and has been very successful. They have been the facilitator of more than six billion dollars in loans so far and are based in the UK. They have previously built a crowd funding platform and have now moved their focus to blockchain technology. When the platform is released, there are going to be two cryptocurrencies associated with it. They are the Deal Token and the Deal Coin.
The two founders of the Deal Coin are Michael Morrison and Nassim Taleb. They are both very experienced in this field, and We Fund Any Deal is under regulation in the UK by the FCA. There is an upcoming initial coin offering sale. To find out more about the Deal Coin, be sure to view the websites listed below. Also, stay tuned for my next article about the Deal Coin where I will go into more detail about the platform.
Announcement Thread: https://bitcointalk.org/index.php?topic=3041085.0
Whitepaper: https://wefundanydeal.io/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
Bitcointalk Username: rob31
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457