HOME LOANS – mortgage loan platform blockchain
HOME LOANS – the global platform for P2P lending on the blockchain network Etherium, using its digital currency HLCoin. The site allows people to provide loans to buy real estate around the world with the lowest possible interest rate. Private investors act as lenders. Transactions are concluded without intermediaries using one ranked peer-to-peer transaction.
Each HLCoin holder can act as an investor or a borrower. The platform will implement effective credit verification tools and its own scoring system. The platform operates regardless of the economic characteristics of any country where real estate is bought and resident borrowers act. The platform provides an opportunity for all comers, regardless of their location, to invest their own funds in the HLCoin crypto currency, which is supported by real estate. Investments can be made for the purpose of earning income in the future, providing loans for buying residential real estate, buying real estate, etc. HLCoin is an effective tool to protect against inflation.
Convert to HLCoin can be any national currency. If necessary, you can reverse the conversion. Smart contracts allow you to minimize the costs of granting and receiving loans. Blocking and smart contracts exclude the need to use the services of intermediaries, characteristic of traditional lending. Not every country can get a favorable loan for housing. Not every person is given such loans by banks. HOME LOANS solves these problems by giving all people access to a decentralized global crypto-lending system.
At the same time, analytical data will be collected demonstrating the needs of customers and their behavior. Based on these data, private investors from around the world can rationally invest their own funds. Insurance companies will be able to expand the client base. And ordinary people, in turn, get affordable loans for housing without using fiat money and intermediary services.
Global P2P lending system HOME LOANS
The global P2P lending system of HOME LOANS provides for the following types of loans:
- On the residential real estate under construction – the rate is 1-3%, up to $ 300 thousand, for a period of 1 month to 15 years.
- For residential real estate of the secondary market – a rate of 1-3%, not more than $ 300 thousand, a period of 1 month to 15 years.
- For commercial objects – a rate of 2-5%, up to $ 500 thousand, for a period of 1 month to 10 years.
- On land plots – a rate of 1-5%, up to $ 250 thousand, for a period of 1 month to 5 years.
Any individual aged 18-65 can act as a borrower. It is assumed that at the time of the completion of the loan agreement, the person will not be more than 65 years old. Loans can be repaid ahead of schedule.
HOME LOANS will operate in the jurisdiction of Estonia. To obtain the right to conduct transactions with digital currencies, the company will receive an appropriate license. Estonia is one of the leading countries in the development of the crypto-currency market and start-ups using the capabilities of the block, so this is the country chosen for the company’s registration. The system can also be used by residents of countries in which crypto-currencies are banned. For this, bank transfers will be used to transfer funds between the buyer and the seller.
Absence of risks
The platform excludes risks caused by non-repayment of loans due to:
- Full provision of loans to real estate.
- Availability of its own guarantee fund, which will be sent to 20% of all issued tokens HLCoin, In the event that the borrower does not repay the loan, the funds will be compensated to the lender from this fund. At the same time, the real estate pledged under this loan remains in the property of HOME LOANS, as a legal entity.
- Borrowers will be able to earn HLCoin through a mobile platform application to gradually pay out loans. For this, first of all, it is necessary to attract new users.
Currently, the platform is being prepared for the blockbuster. The platform should be launched in February 2018.
HLCoin token, benefits for investors
The HLCoin token is a key element of the entire HOME LOANS ecosystem. These tokens will be used to issue loans to investors and to repay them to borrowers. Payment for various services and services of the platform will also be made in HLCoin. Tokens can always be bought at a market-leading price. The more popular loans will become in the HOME LOANS system, the higher the demand for a token, which in turn leads to an increase in the profit of investors.
HLCoin is available on the EREC20 Ethereum block and is designated HLC. A total of 150 million HLC will be issued. To attract funds for the development is carried out ICO. In use, only 120 million HLCoin will be channeled, the remaining 30 million will be used for the guarantee fund. Unsold ICO tokens will be destroyed, according to the terms of the smart contract. The nominal value of 1 HLC is $ 1.
Advantages for holders of HLCoin tokens:
- Token has real security – real estate. This allows you to minimize volatility.
- Using tokens, you can invest in loans secured by real estate.
- Holders of tokens get the opportunity to conclude fast deals. Real estate can be purchased at lower prices than the average market.
- Token grants the right to buy and use the assets of the fund (real estate).
- By means of tokens it is possible to carry out collective crediting.
- The cost of the token will constantly grow as the platform expands.
- Loans can be repaid with tokens.
- Property can be bought for HLCoin.
80% of tokens (120 million) are distributed according to the following scheme:
- 85% – sale within the ICO.
- 8% to the project team.
- 4% – to consultants and supervisors.
- 3% – BOUNTY.
To realize the set goals, the project team attracts financing by publicly selling the tokens to the ICO. The funds will be used to develop the platform, as well as marketing promotion. First of all, it is planned to enter the Russian, European, Asian and Australian markets. According to the representatives of the project, preliminary agreements have already been concluded with the partners in these regions. Part of the funds will be used to attract investors and borrowers, who will directly participate in the platform at the initial stage.
The sale of tokens will be carried out in two stages: Pre-ICO and ICO. The preliminary sale will take place from November 29 to December 29, 2017. On Pre-ICO, the cost of the token will be $ 0.5, which corresponds to the bonus, at a rate of 50%. The funds raised will be used to promote the ICO and develop a working prototype platform, as well as applications for smartphones.
ICO is scheduled for January 9 – February 9, 2018. At this stage tokens can be purchased for Bitcoin, Ether and US dollar. The cost of 1 HLC will leave $ 1, bonuses will also be given. During the ICO, direct generation of tokens will be carried out, for which a specially created smart contract is responsible.
The minimum goal of the collection is $ 500,000, the maximum – $ 50 million. If the maximum goal is achieved, the sale will be stopped immediately.
At the ICO, depending on the time of purchase, investors will be granted the following bonuses:
- 1-3 days – 25%.
- 3-9 days – 20%.
- 9-18 days – 10%.
- 18-31 days – 5%.
On the BOUNTY campaign, 3% of the total volume of tokens will be allocated. The remuneration is distributed according to the programs as follows:
- Facebook – 17%.
- Twitter – 17%.
- Signatures on the forums – 20%.
- Support for other users on the forums is 20%.
- Publication of information about the project in the media – 11%.
- Creative support of the project is 10%.
- Subscriptions on YouTube – 5%.
My own BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1818730.
ETH address: 0xF38c1CB78fA3d00476faafc606B98a115A1778ee.