HOMELEND (A MORTGAGE CROWDFUNDING PROGRAM)

equal2detask (25)in #homelend • 6 years ago (edited)

OVERVIEW:

Homelend is a P2P platform for providing and receiving various loans and loans, from small loans such as "to pay" to very serious ones. In addition, the platform is designed to provide all services associated with the credit market.
Peer-to-peer (P2P) lending, also known as “alternative finance,” is the process by which individuals can borrow and lend from each other without the intervention of banks or other financial intermediaries.

With this platform, anyone who need mortgage loan can find the loan that they need, apply it and finish the application way faster than the current system. This project will link many people that have similar need in mortgage loan together. Without one monopolizes party, the process will be much transparent, safer and faster.

HOW IT WORKS?

Homelend interfaces borrowers and banks extraordinarily, controlled by smart contracts, without including go-betweens. The borrower will apply for a home loan advance through Homelend's stage. This application will be checked and affirmed (or not) with the assistance of machine learning and computerized reasoning innovation.

At that point, every moneylender will have the capacity to fund the pre-endorsed advance by purchasing "Iris" from them. All procedures will be controlled by the intelligent protocol of the contract, not by people. In the Homelend stage, data gathering is done in an "all advanced" way. Indeed, even information in paper-based records ought to be exchanged to a ledger based digital repository storage technology. This information is given by the client and checked through an expert verification provider.

Financial flows in Homelend, the flow of financial resources from lenders to borrowers (and, at last, to dealers) run absolutely by brilliant contracts. There are money related administrations, controls or basic leadership by Homelend Once the purchaser gets pre-endorsement from the framework, with respect to specific properties, the home loan advance is "enrolled" on the Homelend stage. In this way, the borrower has made a specific face, and the measure of credit is resolved.

ADVANTAGES:

➡️ Dependability and security: The encryption technique utilized as a part of the Homelend framework with a public key will dependably shield users' data and money from hacker attacks and other malicious acts.

➡️Straightforwardness: Homelend will make a basic, sheltered and reasonable loaning framework, borrowers can rapidly and basically apply for credits and furthermore screen the status and status of their application progressively.

➡️Speed and productivity: the procedure of issuing an advance in the states of the current credit framework is long, awkward and mortifying for the borrower. Blocking and shrewd contracts mechanize all bureaucratic formality and diminish the whole freedom procedure to twenty days against 2-3 months, which are required for enrollment in the traditional way.

TOKEN ALLOCATION

THE PROJECT TEAM

Token Details
Symbol: HMD
Presale: March 1, 2018
Start Token Sale: TBD
End Token Sale: TBD
ICO Price: 1 ETH= 1,600 HMD
Soft Cap: 5,000,000 USD
Hard Cap: 30.000.000 USD
Ethereum ERC20 Platform

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