The great financial crises from 2008 started from problems in real estate and mortgage industry. It shocked the whole world, wiped out millions of workplaces and threaten to destroy whole banking system. In the end, states intervened and with more or less success, and a big number of mistakes made during the process somehow managed to stop the crisis, and the world started slowly recovering from it. The problem is that almost whole banking, real estate and mortgage business system stayed the same, meaning that we can expect even a bigger financial crisis in the future. To prevent that from happening we need to change the core of the problem - the way banks do mortgage loans.
Thanks to the development of blockchain technology now we have tools to change that and revolutionize mortgage lending industry with [HOMELEND](https://homelend.io/ project. )
At its core, Homelend is decentralized peer-to-peer mortgage lending platform developed to face major industry problems and revolutionize mortgage industry. Homelend is using two most effective segments of blockchain technology, distributed ledger, and smart contracts to make a direct connection between lenders and individual borrowers from all over the world. Both sides in the Homelend ecosystem will profit from this platform. Lenders will have faster and less expensive method to access needed funds at much less interest rate by directly connecting with any borrower from the platform. On the other side, borrowers will have direct access to numerous new customers.
The main goal of the Homelend team was to create a secure, transparent and user-friendly platform that will effectively connect two sides in mortgage lending process. The whole process is accelerated and will take less than 20 days to be completed. Even cutting the middleman (Banks) from Homeland ecosystem made mortgage borrowing less expensive and more efficient the security stayed at the top level. Thanks to the blockchain technology all transactions are recorded and impossible to change or falsify in any way.
It is good to underline that mortgage market is one of the biggest and most profitable markets in the world with $31 trillion per year. Taking a just small fraction of this market would make any company successful and highly profitable, and Homelend has all it takes to do that. If team delivers everything from their roadmap, we could expect that Homelend platform will be launched and fully operational in one year.
Homelend is organizing ICO to fund their future development. Homelend tokens will be used for all services and fees on their platform. Basic ICO info:
- Token Symbol - HMD
- Total Supply - 250,000,000
- Standard - Ethereum Based ERC-20
- Token Price - 1 ETH / 1,600 HMD
- Accepted Currencies - BTC, ETH, USD
- Soft cap - US$ 5,000,000
- Hardcap - US$ 30,000,000
Date of main ICO is still to be announced.
There are several bonuses available during different ICO phases.
To make deeper due diligence about this project visit HOMELEND WEBSITE and read their WHITEPAPER for more information. For all additional information connect directly with team members and Homelend community on their TELEGRAM CHANNEL. You can also visit Bitcointalk forum for extra information about HOMELEND PROJECT.
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