Block66: non-standard metod to lending, without fraud and intermediaries
Hello dear readers and crypto lovers. No doubt that almost everybody ever got a loan. Most Many people say that the loan helped them to solve important problems and saved them in difficult situations. In real finance world many lending problems exist which can appear when applying for a second time. In the century of high-tech it will soon become possible to get loans, but on the basis of cryptoeconomics.
General description
In most cases, when getting a loan you can’t track the whole chain of financial control. Many people just forget to pay in time, because it’s impossible to control everything in our lives. More often people get caught by cheaters who promise huge loans and help with applying and so they take deposits. The block66 project offers an unusual approach to lending where cheaters no longer exist. You apply for the loan through the digital crypto currencies and control your money as you want. In this particular case you can track the information in blockchain and smart contracts.
Why do we need block66
The most difficult loan structure is mortgage loans which are hard to get even from reliable banks. With the help of modern blockchain standards, any person is now able to get guaranteed mortgage loan approval. Brokers of the block66 platform can use the site as a stack variant of interaction. Here you can use the multi-purpose shop and data bank, where you can get the information about who gives the loan and who needs the money to purchase a property. Inside the ecosystem brokers will get their rating and trust scale. Lenders will have unique tools to control the loan pipelines in the ecosystem. Latter will be provided with the tools of securitisation, audit and other kinds of control and interaction with potential lendees.
How it solves problems
To solve the problems of efficient lenders and lendees co-operation, block66 will use the blockchain and smart-contract structure.
Some details are now available:
Currently many famous crypto projects are interested in block66 and are ready to support it and to become their partner, in particular aXpire, BountyOx, The Crypto Reality Group, Civic.
ICO details
It is told that the start of tokens sale is planned on August, 2nd, 2018 and will last till September 17th. For listing on crypto exchanges they release the ERC20 standard token with B66 marker. The project’s HQ will take up residence in Singapore. The founders are Joy Markham, James Tuckett, Camil Mechakovsky. The other sites will be provided with the KYC security system for checking users. The residents of the USA, Canada, North Korea, Iran and China (Mainland China) will not be allowed to buy the tokens. Altogether 30,5 billion B66 tokens will be released. Bitcoin, Ethereum, Bitcoin cash are available for payment. One token’s price is $0.15.
By the end of 2018 we’ll see how successful the primary goals turned out to be. According to the results of the first testing, it will become possible to judge if there’s a chance to develop mortgage loaning using digital technology. It is known that brokers are expecting high working rates and real soon regular internet users will be getting mortgage loans without national banks.
Official links to the Block66 project:
Website: https://block66.io/
Whitepaper: https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view
Bitcointalk: https://bitcointalk.org/index.php?topic=4511083
Telegram: https://t.me/block66_Official
Twitter: https://twitter.com/block66_io
Facebook: https://www.facebook.com/Block66Official
The author of the article:
Telegram: https://t.me/Maater
Bounty0x username: cashflowcarp
ETH: 0xc15c074392423F87E7CaF717397346CDDf85aA13