Good day everyone,i would be writing on the HOMELEND PLATFORM like i introduced the last time,click on this link in order to have an overview of it https://steemit.com/homelend/@adelekejustin01/homelend-platform-a-mortgage-crowdfunding-platform .Today i would be writing further on the following;
a) HOMELEND TOKEN
b) HOMELEND BUSINESS MODEL etc
HOMELEND TOKEN
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.
Timetable
Pre-Sale.......................March 1, 2018
Crowdsale.................TBD
Closure........................TBD
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)
HOMELEND BUSINESS MODEL
Homelend is being developed as a blockchain solution that will significantly increase the housing financing possibilities
for many individuals and families.Their value proposition is socially sensitive and anchored in a P2P progressive approach that aims to use technology for society’s benefit. Nonetheless, Homelend is also based on a sound and profitable business model, which consciously reaches out to address an underserved market.
On the one hand, Homelend creates an investment opportunity for many individuals, with a solution that unites a traditional industry as real estate, with an innovative technology like blockchain. On the other hand, it makes possible for many individuals (who due to various circumstances, including current limitations in the traditional credit risks models, do not possess a solid credit score but are otherwise creditworthy) to access to housing financing and solve one of their most basic aspirations: having a home of their own.
P2P Lending and the Mortgage industry
Peer-to-peer (P2P) lending, also known as “alternative finance,” is the process by which individuals can borrow and lend from each other without the intervention of banks or other financial intermediaries. It was made possible thanks to the Internet revolution. P2P lending platforms such as Prosper and Lending Club have been in operation for more than a decade in the U.S . In fact, the market has outgrown expectations: ten years ago, experts estimated a US$10 billion market size for U.S . In reality, at the end of 2016 the market size was US$34.5 billion.
Blockchain technology creates new possibilities for P2P lending. It’s now considered the next step in digital ledger technology (DLT), after decentralized money payments surged in the form of bitcoin and other crypto-currencies.
Homelend’s P2P mortgage lending mechanism
Homelend P2P platform works by embedding mortgage lending business logic into smart contracts. This is the platform’s core functionality. By creating a set of smart contracts that execute business processes, Homelend allows individuals to borrow money from their peers in a trusted, transparent, and secure way. The key idea is that borrowers and lenders are not linked by means of a financial intermediary (i.e. a bank or a centralized P2P lending platform), but rather by smart contracts that automatically execute a pre-defined business logic.
Any mortgage loan, to be successfully originated, must follow a pre-determined path. From the moment when a potential buyer of a property applies
for a loan, to the actual closing of the mortgage loan and transfer of the property from the seller to the buyer, a series of business processes take place. These processes are instrumental. They are subordinated to three main objectives, issuing a loan that:
1)makes possible the purchase of a property;
- can be successfully paid back by the borrower; and
- can be recovered to a satisfactory extent in case of default.
THANKS FOR READING.
To know more about this platform;
visit the website: https://homelend.io/
join the telegram group: https://t.me/HomelendPlatform
whitepaper link: https://homelend.io/files/Whitepaper.pdf
my bitcointalk link: bitcointalk.org/index.php?action=profile;u=1070043
ANN/BOUNTY THREAD LINK: https://bitcointalk.org/index.php?topic=3407877.0
facebook link: https://www.facebook.com/HMDHomelend/
twitter link: https://twitter.com/HomelendHMD