HOMELEND REVIEW

imparable (35)in #ico • 6 years ago

The US mortgage market is worth $ 14 trillion and the global market is expected to reach $ 31 trillion by the end of 2018. However, although this market is socially and economically centered The traditional mortgage lending system is still extremely primitive.

The system is based on long and complex paper-based processes involving various intermediaries - very inefficient processes and investment costs for both borrowers and lenders. In addition, mortgage loans are largely unattainable for the new generation of young borrowers, not counting the millions of trusted individuals from mortgage loans due to outdated rating criteria

Homelend Mortgage Crowdfunding Platform is Developing a Decentralized, Peer-To-Peer Mortgage Lending Platform Serving Two Purposes

Modernizing the age-old mortgage lending system in order to make it efficient, cost-effective and customercentric.
Expanding home ownership opportunities for a new generation of borrowers, meeting their distinct lifestyle and needs.

through leveraging dispensed ledger generation (DLT) and clever contracts, Homelend brings collectively individual borrowers and creditors on an give up-to-quit platform that streamlines and automates the whole loan origination technique.

The Homelend benefit

Streamlined & efficient

by embedding pre-defined enterprise common sense into clever contracts, digitizing documentation and disposing of unnecessarily strategies, Homelend will routinely execute an end-to-stop origination method, slicing it down from 50 days to less than 20.

transparent & user-pleasant

Homelend goals to create a lending technique that isn't most effective smart, but also easy and truthful. it'll permit debtors may be able to easily practice for a loan, track their application popularity always and engage at once with mortgage creditors.

cost-effective & middleman-free

The immutability, security and transparency furnished by using DLT makes it feasible to record transactions, such as loans, without banks appearing as middlemen. this could lessen prices for both borrowers and lenders, even as minimizing the gap among them.

trusted & secure

Centralization and paper-based approaches are the key elements behind the lack of confidence and vulnerability that represent the conventional loan industry. The precise traits of DLT and clever contracts permit Homelend to provide a platform for human beings to transact massive quantities of money in a relied on, obvious, and comfy way

The Homelend Token (HMD)

The HMD token is the fuel powering the Homelend peer-to-peer lending platform. it is essential functionality is to furnish access to the Homelend platform. This application token additionally plays an instrumental position in enabling a fast, easy and user-friendly workflow that is unified and secure. All tokens can be converted to and from HMD.

Specifications

Symbol: HMD

Total Supply: 250,000,000

Standard: ERC-20

Face Value: 1 ETH= 1,600 HMD

Accepted Currencies: BTC, ETH, USD

Softcap: US$ 5,000,000

Hardcap: US$ 30,000,000

Bonuses (ETH/HMD)

Week 1................................20%

Week 2...............................15%

Week 3................................10%