The Crowd Lending Platform (https://www.ethichub.com)

asebaby (41)in #cryptocurrecy • 6 years ago

EthicHub is an investment platform that universalizes access to highly profitable positive impact projects, by directly connecting investors to projects rated by risk level. Evaluation is carried out by people in contact with borrowers, profiting only from on-time loan payments. Ethic Hub is a lending platform that helps to ensure that users maximize returns from their money. EthicHub will create an equal playing field for global lending especially for stakeholders in agriculture. The platform helps to drive down lending interest rates as well as remove legal and bureaucratic barriers so as to create an environment that helps with easy lending while ensuring that borrowers meet their repayment obligations. EthicHub ecosystem is a decentralized crowd lending platform that connects unbanked farmers with investors anywhere in the world. Ethic Hub works as a global crowd lending platform, which is designed to break the barrier of a global flow of capital by connecting investors from developed countries to solvent borrowers in developing countries. It works perfectly for the both of these parties (investors and small producers), offering higher profits and lower interest rates.https://www.ethichub.com

In addition, EthicHub offers a wide portfolio of investment opportunities which are rated by the risk level. LendingDev is an organization, which role leads in providing services to EthicHub. Its primary goal is to define the EthicHub mechanism to enable its decentralization until the platform becomes autonomous.The mission of the platform is to create a universal access to credit and better investing opportunities humanizing the financial sector. EthicHub is a great choice for investment especially for those investors who are searching for a positive profit. Ethic Hub is a P2P platform which provides the investors with an access to highly profitable impact projects. This platform has accepted the Ethereum decentralized network for the future development of an already existing solid system which supports Smart Contracts, which is able to perform and handle all the necessary information to support agreements between borrowers and investors as well as coordinate the other financial operations. Tokens ease the process of currency transfer and minimize overhead costs, simplifying the system.

Exchange which will work with EthicHub platform will convert the tokens from the borrower’s wallet to their local currency. When the local currency will be used to pay the loan, the exchange will convert it again into tokens and send into the definite investor’s wallets. In EthicHub, financial intermediation is eliminated through Blockchain developed Smart Contracts, allowing for faster, more efficient and safer payments. This operating cost reduction enables an increasing profit margin, benefiting mainly borrowers and investors. The platform charges fees only in case of success: that is, once the loan is fully paid. The platform believes that no one should get a profit from a defaulted loan.
https://storage.googleapis.com/stateless-landing/documents/EnglishWhitepaper.pdf://ethichub.com

The platform local node locates and identifies loans seekers, helps them to register into the system and submit the loan request; considering the EthicHub target group (rural farmers disconnected from financial systems) aren’t the most adept users of the digital age. Borrowers will be reminded of repayment dates via various channels within the ecosystem. If a borrower fails to comply with the agreed payment terms, his/her reputation tokens will be eliminated with each day of delay. The platform has a token called Ethix. It is an ethereum built token with ERC20 compatible. The platform pre ICO is currently on. It started since on the 8th of February, 2018 at 13:00 UTC and it will end on the 9th of March, 2018 at 13:00 UTC. 1ETH will be equivalent to 5,000 Ethix during the pre ICO. The accepted currency is ETH. There will be bonuses for any token purchase during the pre ICO. The 2nd Token Sale that is the main ICO and listing of Ethix Token in exchanges will be in the 3rd quarter of 2018. Ethix token delivery will end in the 4th quarter of 2018.

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