Introduction to the Homelend Project

vancuongdbj (8)in #review • 6 years ago

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A MORTGAGE CROWDFUNDING PLATFORM
Homelend is building a platform for blockchain loans

Today's Mortgage Lending Industry

Mortgage loans are at the core of the society
Having a home is one of the basic human needs - a need most people can only afford by taking out a mortgage loan from a bank. In the US alone, more than 8 million mortgage loans are issued each year.
An industry worth $ 31 billion of ancient learning for disruption
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for the new generation of young borrowers, not counting the millions of trusted individuals from mortgage loans due to outdated rating criteria.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
Homelend 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.

How does it work?
By leveraging distributed ledger technology (DLT) and smart contracts, Homelend brings together individual borrowers and lenders on an end-to-end platform that streamlines and automates the entire mortgage origination process.
The Homelend Advantage
Streamlined & Efficient
By embedding pre-defined business logic into smart contracts, digitizing documentation and eliminating unnecessarily processes, Homelend will automatically execute an end-to-end origination process, cutting it down from 50 days to less than 20.
Transparent & User-Friendly
Homelend aims to create a lending process that is not only smart, but also simple and fair. It will enable borrowers will be able to easily apply for a loan, track their application status at all times and interact directly with mortgage lenders.
Cost-Effective & Middleman-Free
The immutability, security and transparency provided by DLT makes it possible to record transactions, including loans, without banks acting as middlemen. This will reduce costs for both borrowers and lenders, while minimizing the distance between them.
Trusted & Secure
Centralization and paper-based processes are the key factors behind the insecurity and vulnerability that characterize the traditional mortgage industry. The unique characteristics of DLT and smart contracts enable Homelend to provide a platform for people to transact large amounts of money in a trusted, transparent, and secure way
The Homelend Token (HMD)
The HMD token is the fuel powering the Homelend peer-to-peer lending platform. It's main functionality is to grant access to the Homelend platform.
This utility token also plays an instrumental role in enabling a fast, smooth 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%
Week 4 and After.......0%