Neluns: New Generation Financial Ecosystem.

jamesndungu (61)in #neluns • 6 years ago

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Blockchain technology presents numerous opportunities in the financial and banking industry, this is through the distributed ledger technology and the ability to tokenize its economy to allow cost effective financial transactions. Through blockchain technology the banking community can benefit from shared, immutable records that can be processes automatically using smart contracts reducing the costs of processing financial transactions. The smart contracts act according to the consensus agreement between participants of the transactions and records the agreement in a ledger that is free from forgery and hackers' exploits.

Traditional banking systems have been commercialized and the community have feared depositing their funds on banks for lack of transparency on what the banks do with their money. There is also the issue with the unbanked community who are seen as a market with no value due to their financial capabilities to generate profits to traditional banks. There is no doubt this has to change since financial freedom should be transparent and for everyone. This is what NELUNS is all about, the projects aim to solve these problems using modern technologies to solve the issues in the banking and financial industries.

NELUNS.

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NELUNS is a decentralized financial platform that serves as a bank, an exchange and an insurance platform. The banking platform is registered with the relevant authority and has an official license (links on the reference section) to comply with authorities NELUNS has an official notification from the United states securities and exchange commissions and is authorized to raise funds through an ICO. NELUNS banking platform will allow fiat transactions and cryptocurrency transactions to be processes in an instant using blockchain technology.

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In the section below, I will highlight the main features of NELUNS, which include the banking platform, Insurance platform and the exchange platform.

NELUNS Bank.

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Neluns bank will use blockchain technology to allow instant transactions processes using smart contracts, users of the platform will be able to deposit and withdraw funds from any location worldwide. This is through the debit and Mastercard, they will be able to deposit and withdraw cryptocurrencies and fiat currency. The banks will allow peer to peer lending and will be easily accesses through mobile compatible devices such as IOS and Android phones.

NELUNS Exchange.

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Neluns exchange will be a one stop market where users will be able to buy and sell cryptocurrencies in a peer to peer environment, the smart contracts will guarantee fairness and security in the transactions. Through blockchain technology users' funds will be assured and there will be no issues with scalability since the platform scales as more people adopts the platform. Users will be able to use API to connect to their favorite trading software's such as FUSION, METATRADER and ROX.

NELUNS Insurance.

NELUNS users will be able to trade insurance in a transparent environment, they include trade insurances where the users hedge his risk on his trading with an insurance from NELUNS. NELUNS will also be able to insure financial transactions and also technical obligations from counterparty relationships.

NELUNS SOLUTIONS TO THE FINANCIAL AND BANKING INDUSTRY.

NELUNS has features that are conclusive to the industry through the integration of cryptocurrencies and fiat currencies, through this the number of services of the banking industry will be conclusive without a limited number of currencies, using cryptocurrencies users of the platform will be able to trade, deposit, withdraw and trade digitized real-world assets. Due to the use of blockchain technology Neluns is solving the issue of scalability by using latest technology that will allow the platform to grow with userbase growth.

The platform doesn’t have limits on deposits and withdrawals and has no obligations to hold your cash and users can be able to withdraw their money without limits anytime.

The insurance platform, will bring a new policy where trades are insured and transactions protected. This is one of the competitive advantages NELUNS has over traditional banking platforms.

Conclusions.

NELUNS most advantageous and I believe its competitive edge is the ability to decentralize and make the financial and banking industry be transparent in its operations and also be able to secure its processes. The security of data storage on the blockchain also holds a competitive advantage for the platform and this will put records in the hands of the owners and also be able to protect them from hackers exploits or third-party forgery.

For the realization and the adoption of the project the goals of the platform must be understood by the community, if you would like more information about the platform I have included the most important links to the platform website, social media pages and whitepaper in the reference section below.

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