The Deal Coin initiated a revolution on the global lending market

The Deal Coin is a completely new way of interaction between the borrower and lender, and further supporting small and medium-sized businesses in general. It implies the creation of a completely new and unique platform for direct interaction between creditors and borrowers through the use of blockchain and smart contracts technologies, which, as has been repeatedly shown, allows us to make a deals cheap, fast, high-quality, safe, worldwide, regardless of your location or time zone and without involving third parties.

It should also be noted that this company is not a newcomer in the credit market, but on the contrary, it is a UK-based business that has been operating since 2015 and has grandiose plans for the future and an impressive road map for the project.

Below I will try to explain by simply words how this will work.

So, the borrower who is looking for a way to attract investment in his business fills out the application form through the decentralized application (DAPP) created by the developers of this project, providing all the necessary information to ensure compliance with the policy of KYC & AML. Further DAPP reliably connects to the loan solutions database (DLSD), where information is processed and the platform is checking all information about borrower. From other side investors also fill out KYC information for unobstructed viewing and connecting with borrowers around the world to discuss rates and conditions acceptable to both parties. Further if the borrower's request and the creditor's information have successfully passed the verification their data is sent to the platform where they can already see each other and start negotiations. And if both parties: the borrower and the lender have agreed then the borrower will receive a loan using a smart contract. Smart contact at the same time will provide insurance to the investor. The money is allocated in Deal Coin and later may be converted into the desired currency.

Two tokens will circulate in the constructed ecosystem.

The first (internal) is The Deal Token - the currency of the platform the purchase of which will be made by investors, to provide loans and in which they will receive their interest rate. In the process of working the token will be tightly tied to the British pound (GBP) at a rate of 1:1 and that will ensure a low volatility of the token.

The second (external) is The Deal Coin - the currency of the platform, which will be freely tardeable on exchanges or p2p trading. At the same time the purchase of The Deal Token for The Deal Coin will be more profitable than using any other fiat or digital currency.

Thus the project seeks to solve a significant problem on the market of p2p lending and business development and help to push the medium and small business to a new round of development. And as for me, i really think that it will be possible through such platforms and soon we will see a revolution in the sphere of P2P lending and small and medium-sized business crediting.

Useful and mandatory links for studying this project will be found below:

Official website: https://thedealcoin.com/

Whitepaper: https://thedealcoin.com/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf

Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3041085.0

Telegram: https://t.me/thedealcoin

My bitcointalk username:
NakiRR: https://bitcointalk.org/index.php?action=profile;u=1169542