In 2017, individuals around the world received loans for 64 billion dollars. This is a high figure, which, as analysts expect, is able to grow more. Specialists of the credit market believe that by 2025 the consumer lending sector will grow to 1 trillion dollars.
In many respects this will be achieved by the mass distribution of blockchain technologies. Blockchain technology will make the work of banks easier. Financial institutions will bear lower costs for issuing and servicing the loan.
And other participants of the credit market will benefit from the introduction of decentralized technologies. Borrowers will be able to receive money on more favorable terms. And controlling supervisory organizations will bear lesser costs for maintaining registries of credit institutions.
One of the blockchain projects in the sphere of lending will be the P2P platform The Deal Coin. Using The Deal Coin, lenders will be able to give, and borrowers — to receive money on loan. The platform is decentralized: there is no controlling body.

What is The Deal Coin?

The Deal Coin is a platform for small and medium-sized businesses. Using The Deal Coin, companies will be able to lend money and get loans on favorable terms.
The Deal Coin platform solves one of the most important problems facing modern business. Borrowed funds are too expensive. For example, Russian banks provide loans at 25–30% per annum. A developing business can not make this profit, and companies cannot pay such loans. Because of this, there is no development of business activity.
There are no banks or financial institutions on the platform of The Deal Coin. Loans will be given by large companies that have available funds. All users of The Deal Coin have equal rights.
There is no controlling body on the platform that would establish rules for concluding transactions. The parties agree individually. Terms of the agreement are fixed in smart -contracts. Smart -contracts guarantee the parties that their rights will be met.

The Benefits of The Deal Coin

For Borrowers:

• quick loans — there is no need to carry documents to the bank and wait until they approve the loan: it is enough to describe the project, to which attracts funds and wait for proposals from investors;
• loans on favorable terms — interest rates on The Deal Coin are lower than in banks.

For creditors:

• the opportunity to invest in promising projects — The Deal Coin has assembled development with great potential that will make technology and production better.

How it works?

1. The Borrower applies for a loan through the decentralized application (DAPP) of The Deal Coin.
2. DAPP connects to the protected database The Deal Coin.
3. After the verification of the user and his application, he becomes available to potential investors.
4. Lenders interested in issuing money, contact the borrower and negotiate the terms of the contract.
5. The parties enter into a smart -contract, which includes all the terms of the agreement (loan amount, term and method of return, interest, sanctions).
6. The borrower receives money from the investor. The funds are transferred in the platform’s cryptocurrency .
7. When the smart -contract expires, the borrower replenishes his account on the platform of The Deal Coin, using fiat money, and then transfers them to the cryptocurrency and repays the debt to the lender.

Details of ICO

The DLSD token is the currency of the platform. Total issued 1 000 000 000 DLSD tokens.
Initial Coin Offering of the project The Deal Coin will take place from March 26 (the Pre-sale stage starts) to June 10, 2018.
Softcap: $ 5,000,000
Hardcap: $ 50,000,000

Conclusion

The developers of The Deal Coin have a clear goal: they want to facilitate the receipt of loans for small and medium-sized businesses.
But, we should not forget that The Deal Coin is a cryptocurrency platform. The interest of enterprises in digital money is growing: today some companies are ready to use cryptocurrency to pay bills and make a profit. At the same time, there are not many places where business -enterprises can pay each other with the cryptocurrency. And The Deal Coin will become a platform, thanks to which organizations will forget about the fiat currencies.

More details can be found on the links below:

Website: https://thedealcoin.com/
White paper: https://thedealcoin.com/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=3041085.0
Telegram: https://t.me/thedealcoin
Twitter: https://twitter.com/wefundanydeal
Facebook: https://www.facebook.com/TheDealCoin/

Bitcointalk Username: Zufox