Sofin - a new level in P2P lending

nastya.asmus (40)in #ico • 6 years ago

P2P lending offers several advantages. First of all it`s a lower rate, and secondly, a high rate of obtaining a loan. This is achieved through direct contact of lenders and borrowers. Service Sofin wants to reach a qualitatively new level thanks to the introduction of modern technology blockchain.

Official website: https://sofin.io

The goal: the creation of an international online service P2P-lending to consolidate lenders and borrowers.

Description of the service:

Each loan is issued in the fiat currency of the country in which the borrower is located. If necessary, different currencies can be changed to SOFIN tokens.
At the moment, the financial model has been fully developed and the project expects additional funding through the ICO for a full-fledged launch.

You will need verification to get a loan. The rating system will give the lender information about the borrower, which will allow making the right decision (accept or reject the application). The system works in the form of an auction, where various creditors compete among themselves, offering more favorable loan terms.
Own guarantee fund will cover the loan if it can not be repaid by the borrower. The price of this service is 5-10% for individual person and 2-5% for entrepreneurs.
In case of loss of the client, in 30 days it is possible to transfer deal to the collection agency, and then to send it to the local court.

Benefits:

-open transaction storage system;
-the legal purity and transparency of each transaction;
-guarantee fund to reduce the risks of creditors;
-loans to individuals and legal entities;
-a method of risk assessment that has been tested in practice;
-explicit description of all payments without hidden commissions and surcharges.

Monetization:
5-9% of each transaction is held by the platform and goes to its development.

ICO:

Pre ICO (November 6 - December 29). The price is 0.5-0.8 $.
ICO (January 15). The price is 1-2 $.
A total of 90,000,000 tokens have been issued, of which 81,000,000 are available at the time of Token sale. All unsold during the ICO tokens will be available for purchase under a smart contract at a price of $ 20 for 1 SOFIN.

Tokens:
The SOFIN token is developed according to the ERC20 standard. The entire commission will be charged exclusively in the tokens. Therefore, tokens will be redeemed from the exchange, which will lead to an increase in the exchange rate. The larger the turnover, the higher the price of the token. 1% of the tokens from the body of each loan will burn. Large holders of tokens will be available special bonuses and the highest rating.

Whitepaper:
All documents are available here:
https://sofin.io/docs/whitepaper/en

Roadmap:

The team started working in the field of lending in 2010 and a year later opened an online micro-credit company. Work over Sofin project began in July 2017 and continues to this day. In the 3-4th quarter of 2018, the platform is expected to be launched in the CIS countries.

Team:
-Tuchkov Andrey Viktorovich (Project Manager);
-Zhugastrov Trofim Aleksandrovich (Product Director);
-Lushpanov Nikita Alekseevich (Head of research and development of smart contracts based on blockchain);
-Slobodin Vitaly Sergeevich (Technical Director);
-Krutchko Anton Viktorovich (Head of Legal Service).

Partners:

Conclusion:
The team with extensive experience in lending and micro-credits decided to master the block and create a new project. It looks interesting and promising, given ambitious plans and many years of experience.

Additional Information:
Website - https://sofin.io
Whitepaper - https://sofin.io/docs/whitepaper/en
Bitcointalk ANN Thread - https://bitcointalk.org/index.php?topic=2256941
Telegram - https://t.me/sofin
https://t.me/sofin_ru
Twitter - https://twitter.com/sofinplatform
Facebook - https://www.facebook.com/SOFIN-Social-Financial-Network-1447946505294671
Medium - https://medium.com/@sofinplatform
LinkedIn - http://www.linkedin.com/company-beta/18288273
GitHub - https://github.com/Elonsoft/sofin