A New Dawn For Digital Collateral Assets

After years of research, experiments, development, and test running, finally, SpaceRaceCoin came into existence.

Similar to traditional banking or finance, digital collateral assets in the crypto space serve as an insurance asset for creditors (lenders) when borrowers applied for a crypto loan. In simple terms, collateral is agreed on properties that serve as risk mitigation for lenders.

In the crypto world, the system is relatively the same as that of traditional banking. When a borrower applied for a crypto load, the lender requested digital assets that when liquidated, it worth more than half of the loan the borrower is taking. Since the two parties are transacting online (blockchain), digital collateral assets came into existence.

With the advent of decentralized finance (DeFi), the need for an online-based lending platform has become a necessity. Courtesy of the digital collateral assets, achieving this financial service has become more realistic. Contrary to the traditional finance that collected collaterals as insurance for their investment, blockchain-based firms concluded that lending with security is necessary as the industry is fast gaining traction across the world.

The operational risk, fraud and operational cost involved in the over $10trillion collateral market have been the driving force behind the migration into digital platforms. With blockchain-based firms such as SpaceRaceCoin, digital collateral is already a reality. The yearning for verifying, secured and fast transactions in the digital lending niche are pushing for new solutions in the area of digital collateral token and I must confess to you all that, SpaceRaceCoin has positioned itself to be the solution we are all waiting for.

SpaceRaceCoin is a virtual collateral asset developed to ensure verified, fast and secured assets transfer between two parties, especially where security and irreversibility transactions are of optimum priority. The platform was designed primarily to enable instant and secure settlement on the blockchain.

SpaceRaceCoin employed distributed ledger technology (DLT) to store rightful ownership of digital assets on the blockchain which can be shared across all parties involved in the network. The platform allowed all involved parties not only access a fully automated collateral process but to also instantaneously execute their transactions as agreed for collateral purposes.

At the centre of the SpaceRaceCoin platform, is the smart contract. Built on the famous Ethereum blockchain, the smart contract was designed with a unique set of rules to aid the instant and verifiable collateralization of digital assets. The SpaceRaceCoin smart contracts have been thoroughly audited by leading security auditing firms and it was deemed bug-free.

SpaceRaceCoin token (SRC) is an ERC-20 token created on the Ethereum network. It’s a utility token that was listed on Azbit.com with a trading pair of SRC/USDT. Early SRC investors can make a huge profit from the possible increase in the value of the token later in the year as the project succeeds in the crypto world. The project team has launched a bounty campaign on bitcointalk.org to promote the project.

Conclusively, the digital collateral market is a vital part of decentralized finance (DeFi), they have their source from traditional finance but built on that foundation to revolutionize lending into the crypto world. By and large, the world is heading into a digital world where individuals can not only have agreement on what digital collateral assets are going to stake, but also transfer agreed digital assets between two interested parties, within seconds, minutes or at worse hours reducing transaction time and frauds. Once project developers realize the great potential in this niche, global adoption is a matter of time.

More information
Official website: https://www.spaceracecoin.com/
Twitter: https://twitter.com/SpaceRaceCoin
Medium: https://medium.com/@spaceracecoin
Telegram channel: https://t.me/+NJHP2IHP2rY2YzRk
Facebook: https://www.facebook.com/profile.php?id=100078924315526
Discord: https://discord.gg/AtSWDAfXMY
Whitepaper: https://www.spaceracecoin.com/index.php/en/whitepaper-crypto

AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
POA: https://bitcointalk.org/index.php?topic=5415919.msg61230643#msg61230643
Eth Wallet Address: 0x9c7bc4c6ee21074c2F4471F8C80a8BeaeF91212C