ASSETSTREAM - The Global Decentralized Peer to Peer Microfinance Platform, Replacing Intermediaries with Blockchain Technology

PREAMBLE

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Assetstream, a blockchain based financial institute for peer to peer transaction has arrived. Assetstream is a global decentralized microfinance platform that will replace the banking system to a unbank system using blockchain technology.

"As industrialists consider blockchain to be a ground-breaking technology, microfinance industry also feels the same and is searching for ways there can be a transformation with the help of this technology. As blockchain focuses on increasing transparency in any industry it steps foot in; blockchain in microfinance can significantly assist in reducing the rate of interest borne by the people in return for availing financial services with its decentralization feature.

With blockchain’s decentralized nature, it can assist several microfinance institutions to remove the need for mediators or the trust authorities. The use of blockchain in microfinance helps people in trusting each other rather than the centralized institutions to avail loans. This removal of trust authorities also helps in people being able to reach those who need the services.

With blockchain microfinance, small businesses and farmers requiring loans can avail the same by having a digital identity created with the assistance of blockchain technology. Ensuring efficient payment of loans is also more accessible with smart contracts. With blockchain’s smart contract availability, the financial organizations can create a bond based on the terms and conditions specified for repaying the debt."

With that being said, AssetStream is a team of experts that have vast experience within the emerging market. By leveraging on the blockchain, AssetStream aims to reduce poverty and bring financial inclusion by providing unbanked people with access to financial services.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is ASSETSTREAM?

According to the abstract on the official whitepaper of AssetStream, 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 Bankin 2006 “for their effortsthrough microcredit to create economic and social development from below”. 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.

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

Impending Problems

The centralized banking system is being control by a body and have a single system. This means if there is a server breakdown, it will affects everyone accounts and business is going to stop.

The centralized financial system require a third party to execute a transaction, which therefore make banks charges people in every transactions being executed through their system.

The financial institute are lacks in many of my area. It is very clear that about 30% of my country population could not have access to the financial institute in their location.

To open an account with many of the financial institutes require some legal documents which many people don't have yet. The process of registering account in financial institutes is very tedious and stressful which has deprived many the zeal of opening an account with the conventional financial institutes.

The centralized banking system does not permit people to withdraw the quantity of their saving fund. They are restricted to withdraw certain limits of your money.

The centralized financial institutes don't offer loans to people wishing to do business except you have enough collateral or you have mouth in the system.

Solution Offered by Assetstream

Assetstream is building a decentralized financial institute that will make people have access to financial services in an ease way. They are building an unbanked ecosystem that will make people manage their account and do a transaction without the involvement of third party. Assetstream is building a financial system that will make people have option to do a peer to peer transaction and have access to loans from the lenders.

In order for the goal of Assetstream to become viable, they are tokenizing the financial institutes to used cryptocurrency. For this reason, the platform has introduced their traditional token termed “AST” which will be utilize on this platform. Any holder of AST token can lend money to another pear users and earn interest from the platform.

ASSETSTREAM has also launched their own token in the platform which will be used in the platform to carry out several activities and rewards payments.

Every credible project always have a roadmap it follows to achieve it's laid out goals, Assetstream is no different:

Token Details

Token Name: AST

Token Supply: 3,300,000,000 AST

Token Issued: 2,100,000,000

Token Price: 0.01 USD

Soft-Cap: 1,440,000 USD

Hard-Cap: 21,000,000 USD

Token Distribution

64% Allocated to ICO

15% Allocated to Management and Advisory

8% Allocated to Marketing and Promotions

5% Allocated to Business Development

4% Allocated to Product Development

3% Allocated to Legal

1% Allocated to Bounty

About Token Sale

WHY YOU SHOULD CHOOSE ASSETSTREAM?

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

MEET THE AMAZING TEAM

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://www.assetstream.co/

Whitepaper: https://www.assetstream.co/AssetStream-Whitepaper.pdf

Onepager: https://www.assetstream.co/AssetStream-OnePager.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5138325.msg50857889#msg50857889

Medium: https://medium.com/@assetstream

Facebook: https://www.facebook.com/AssetStream/

Telegram: https://t.me/AssetStreamOfficial

Twitter: https://twitter.com/AssetStream

Reddit: https://www.reddit.com/r/AssetStream

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.