21st CENTURY LENDING REDEFINED, RE-SECURED AND RESTRUCTURED FOR TODAY DEMANDS AND EXPECTATIONS THROUGH THE SOFIN PLATFORM.

in #financing7 years ago

Right from the time of the antique man, the acting of borrowing and lending has continually been part of everyday business life. Results has revealed that the act of interchanging money has metamorphosed from one stratum to another, with divergent structures and modus up till this very age of sophistication in information and communication technology era where the global village concept has become material in actuality. In the processes of buying and selling of goods as well as exchanging of valuable services between one person and another, there is sometimes shortage, thus the need to borrow from peers, family members, financial institutions and sometimes even associates arises. At the top of the lending business are the always big financial institutions who rather make the processes very rigorous as litanies of regulations are outlined, which on a large scale does not support all who want to get fund for one thing or the other, with the intention to pay back. This ugly scenario has left so many stranded and in fact heart broken, thus the need to build a stable institution that will simplify the process and in fact create better features is vehement. It was on that premise that https://sofin.io/, was created to tackle the problem of poor borrowing and lending, by providing a decentralized solution.
Sofin is a Blockchain-based Platform conceptualized to create a market place for creditors and debtors, with a solid peer-2-peer network that is community-driven and human centered. The platform was designed considering the understandable benefits of the peer-to-peer lending system which includes but not limited to the fact that far lesser than conventional methods, credits rate are higher and of course in the open decentralized marketplace, creditors and borrowers are more transparent and easier to negotiate. In fact, the above stated advantages ignited the passion of the concept, thus the platform was created to provide a better, more efficient and proficient financial experience. The developers of the platform have been solely involved professionally in the microloan practice since 2011 via the invention of ‘Expressmoney’-an offline loan service. The platform was created to solve the first problem of easy access to loans to tackle immediate challenges confronting people at different times and with different experiences. The platform is also working to tackle the second problem of the finance industry which is saving. Most persons crave to have better saving habits, thus the platform hopes to provide such services in order to help people achieve outlined objectives. To get technical details of the platform, download ‘White Paper’ at https://sofin.io/docs/whitepaper/en.
The illustration that follows gives a sketchy picture of elementary flow of the platform when launched.

sof1.JPG

The next illustration shows the machine platform created by the platform and where the creditor comes in.
sof 2.JPG

Haven taken time to study the ‘White Paper’, you will agree with me that the project is intend a very huge one. To meet up outlined objectives, the platform is issuing ICO to allow participants take active part and explore the inherent benefits of the platform especially when lending is the core objective of the participant. The token that will be employed for transacting or undertaking of any other activity in the platform is the SOFINS tokens. The token is a standard ERC20 and smart contract built on the tenets of the Ethereum Blockchain. To get details of the tokens click https://sofin.io/.
The SOFIN tokens will aide transaction of fund between the creditor and debtor. By implication, every time one applies for a loan and gets it, the platform converts it to fiat currency if it’s crypto currency and pays a 1.5% interest to the platform for using the channel. The debtor also pays 1.5% of what is borrowed to ensure that the platform is running and logistics are met. 90, 000, 000 SOFINS have been created for total supply. 700, 000 SOFIN tokens is on offer at the Pre-ICO at the rate of $0.5 USD plus bonus worth 10, 000,000 at the rate of $0.8 USD. Pre-ICO started on the 6th of November, 2017 and will run till 19th November, 2017. During the ICO proper 9, 500, 000 will be in supply at the rate of $1 USD per SOFIN plus 70, 000, 000 SOFINS as ICO bonus at $2 per SOFIN. ICO will hold starting from 11th of December, 2017 and will end on 24th of December, 2017. During the PREICO stage, Pre-SOFINS will be implemented and exchanged at the ICO from 1 to 1 stage on the main tokens. They will continue to participate in the P2P system and to bargain on exchanges. Token will be distributed as shown below.
sof 3.JPG
Pre-ICO is LIVE and will last for only 24 hours more from now! To get tokens click https://sofin.io/.
You can also connect with other participants of the platform on social media via;
https://www.facebook.com/SOFIN-Social-Financial-Network-1447946505294671/
http://www.linkedin.com/company-beta/18288273/
https://twitter.com/sofinplatform
https://medium.com/@sofinplatform
https://bitcointalk.org/index.php?topic=2256941
https://t.me/sofin
https://vk.com/sofinio
https://github.com/Elonsoft/sofin.
Authored By: https://bitcointalk.org/index.php?action=profile;u=1156227
Wallet Address: 0x855382E202d3DCaDfda10f62969b38DcEe558270

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