ASSETSTREAM :- The Global Decentralized Peer To Peer Microfinance Platform

N.B: Assetstream want to tokenize the banking and the financial system for ease transaction.

INTRODUCTION

The AssetStream initiative was established to create a sustainable microfinance platform to enable growth and advocate poverty reduction of the unbanked population while providing an alternative, high-yield, peer-to-peer microfinance platform for everyone. Peer to Peer lending brings the “bank” to your doorstep.

THE VISION

AssetStream’s vision is to create a sustainable microfinance platform based on blockchain technology. Inspired by the “International Year of Microcredit”— dedicated by the U.N. back in 2005—and Muhammad Yunus, a Bangladeshi social entrepreneur who was awarded the Nobel Peace Prize jointly with the Grameen Bank in 2006 “for their efforts through microcredit to create economic and social development from below”.

BENEFITS OF THE ASSETSTREAM PLATFORM

By using blockchain technology for microfinancing, AssetStream will create a layer of trust
and security between borrowers and lenders. It is a new paradigm of the finance business to
connect with the individual lender while enabling a new source of finances for small
enterprises to fuel the global economic growth anywhere, anytime

CREDIT RATING AND BADGE SYSTEM

A badge system will be provided to represent borrower behaviour. This will reflect the credit rating system of the borrowers. For example, if a user hasseveral good behaviour badges, such as“paying the loan on time”, compared to a user who has a bad behaviour badge such as “defaulting on loans”, the lenders’ sentiment might lean towards lending borrowers with good behaviour badges.

IMMUTABLE CREDIT CARD

Borrowers will not be able to reverse or erase their credit history.

LOWER TRANSACTION COST

AssetStream’s platform will be using the existing infrastructure and will bring out convenience for borrowers living in the rural areas. This will lower overhead and transaction costs.

TRANSPARENCY

AssetStream’s smart contract operates in real time and expected obligations are transparent to all involved parties.

TWO OPTIONS FOR LENDERS ARE PROVIDED IN THE PLATFORM

Handpicking – The lenders have a choice to decide which borrowers get the loan
based on the borrowers’ criteria.
Automatic matching – The lenders will trigger a matching system when they fill up
the desired criteria they want for the loan and AssetStream platform will match the
criteria to the specific borrower.

THE ASSETSTREAM BUSINESS MODEL

AssetStream will develop the ecosystem that delivers services not only to lenders and
borrowers, but also to agencies that choose to partner up with us. AssetStream funds will be
financed from the purchasing of AST tokens. Within the AssetStream ecosystem, AST will
represent a value of 0.01 USD to promote stability. Outside the AssetStream platform, AST
prices will be subjected to a fair market value reflected on the secondary exchanges.
AssetStream will create their own rating criteria and it will be divided into personal loan and
business loan.

BUSINESS USE CASE

Bridget is a retired Military Officer and currently has $200,000 extra in his savings that she doesn’t intend on using. She signs up with AssetStream as a lender. Once she verifies that he has $200,000 to lend, he will be issued with $200,000 worth of AST. Bridget would be able to opt for manual selection or automated matching to borrowers. When the funds from the borrowers
are returned, the platform will send the AST and last months’ interest to Bridget.

Bridget will receive a monthly reward from the projects she participates in, until the end of the
loan contract. The reward will be sent to her minus the platform fees When the loan contract
ends, AssetStream platform will then return Bridget's AST. Because Bridget chose the Thai
microloans, the reward will be paid in ASTH. Bridget can exchange ASTH into ASD and use that
ASD to purchase more AST, as long as it is available (provided she has enough ASD to
purchase AST) or exchange it into his original cryptocurrency

THE ASSETSTREAM TOKEN

The AssetStream network will be powered by AST tokens. Activities in the platform will be
paid in ASD. In essence, Lenders will be rewarded with a currency that represents the local
market as a part of the fee.

For example, if the loan contract is made in Thailand, the reward fee paid to the lender will be
in ASTH, where 1 ASTH = 1 THB. Subsequently, the lender can exchange the ASTH to ASD
and use that ASD to exchange it into the original cryptocurrency that was staked on the
AssetStream platform based on the prevailing exchange rate.

BENEFITS OF THE AST TOKEN HOLDERS INCLUDE:

Use as fuel in the AssetStream ecosystem,
Increases your reputation for risk assessment,
AST tokens can be used to entice friends and families to be Lenders on
the platform as a form of referral method,
Staking of AST on the network will provide additional reputation for the
risk assessment for borrowers, lenders and even service providers