Homelend Review ICO

ABOUT THE PROJECT

Hello, today we will consider an innovative platform created on the basis of blockchain technology, which is intended for mortgage lending.
So, meet Homelend!

In a broader sense, Homelend is a P2P platform for providing and receiving various loans and loans, from small loans such as "to pay" to very serious ones. In addition, the platform is designed to provide all services associated with the credit market.
The main goal pursued by the creators of this site is to occupy a niche in the global real estate lending market and provide credit services to organizations and individuals, and the ultimate goal is to destroy the imperfect predatory traditional mortgage lending system and replace it with transparent decentralized lending through the use of intellectual contracts, improve efficiency , profitability and client-oriented mortgage market.

HOW IT WORKS

Homelend will enter into loan agreements through the use of smart contracts and decentralized accounting. To the blockade, creditors and borrowers will be connected as users, and the system will regulate the relationship between all the parties involved.

Three lending mechanisms will be available to the platform. In each of them, the creditor / borrower relationship will be regulated by intellectual contracts, due to this there is no need for intermediaries, as a result of which the cost of the loan package will decrease.
Mechanism 1 - kraudfanding:

Kraudfanding will be the main way of lending on the Homelend site. Creditors will allocate their funds for lending to borrowers in installments. The borrower will also have the opportunity to collect the necessary loan amount in parts from different creditors. Thus, the loan will be divided into small "factions".

Mechanism 2 - association:

With this method, lenders will be able to provide credit services through smart contracts until the moment of prior approval of a loan. loans as well as in the previous mechanism will be recruited in parts, but an intellectual contract will give creditors an opportunity to start working with the borrower even before the loan is officially approved, which will significantly reduce the time that is spent for traditional bureaucratic procedures.

Mechanism 3 - Auction:

Auktsion pozvolit kreditoram zapoluchit' kontrakty na samykh vygodnykh i bezopasnykh dlya nikh usloviyakh. Eto znachit, chto pervym svoy kredit poluchit tot zayemshchik, u kotorogo vyshe kreditnyy reyting, luchshe kreditnaya istoriya i bol'she protsentnaya stavka. Vmeste s tem kreditor budet konkurirovat' s drugimi kreditorami i takim obrazom rynok budet sam regulirovat' optimal'nyye usloviya kreditovaniya. Otlichitel'noy osobennost'yu etogo mekhanizma yavlyayetsya to, chto kreditodateli yesli oni togo zakhotyat, smogut predlagat' pokupatelyam kreditnykh paketov dazhe luchshiye usloviya, chem te, kotoryye byli formal'no odobreny sistemoy.

The auction will allow creditors to obtain contracts for the most profitable and safe for them conditions. This means that the first borrower will receive the borrower who has a higher credit rating, a better credit history and more interest rate. At the same time, the lender will compete with other creditors and thus the market will itself regulate the optimal lending conditions. A distinctive feature of this mechanism is that lenders, if they so choose, will be able to offer buyers of credit packages even better conditions than those that were formally approved by the system.

Benefits:

1. Speed ​​and efficiency: the process of issuing a loan in the conditions of the existing credit system is long, uncomfortable and humiliating for the borrower. Blocking and smart contracts automate all bureaucratic red tape and reduce the entire clearance process to twenty days against 2-3 months, which are required for registration in the traditional way.
2. Transparency: Homelend will create a simple, safe and fair lending system, borrowers can quickly and simply apply for loans and also monitor the status and status of their application in real time.
3. Profitability: Homelend will save both sides from the need for mediators. They will be replaced by blockade. all documents and data on all transactions will be recorded in it, which will ensure maximum transparency during the entire term of the loan agreement.
4. Reliability and security: The encryption method used in the Homelend system with a public key will reliably protect users' data and money from hacker attacks and other malicious acts.

THE PROJECT TEAM

CONCLUSIONS

Homelend is determined to create a new generation credit market - fast, cheap and secure, where lenders and borrowers will work with each other through blocking and smart contracts. The ultimate goal of the Homelend project is to reduce the number of intermediaries down to zero, and, accordingly, to reduce the cost of servicing mortgage loans, which will make such loans more affordable for the general public.

DETAILS ICO

The Homelend platform will use its own internal crypto currency - the HMD coin. This coin will work as a Bandwidth, that is, fuel that provides the platform's skipping capacity. This coin will also have its own value, it can be used for storing, accumulating and transferring money, and, if necessary, exchanged for Fiat or other crypto currency at exchanges.

The beginning of the pre-sale: 1.03.2018.
Coin: HMD.
Total number of coins issued: 250000000.
Platform: ERC-20.
Exchange rate: 1 ETH = 1600 HMD.
Currency accepted for payment: BTC, ETH, USD.
Soft Cap: $ 5,000,000
Hard cap: $ 30,000,000

Distribution of coins:

For pre-sale: 28%
In public sale: 36%
To the reserve fund: 20%
To pay for the services of advisers and consultants: 8%
To founders and developers: 8%

All the important information can be found here:

Website: https://homelend.io
Whitepaper: https://homelend.io/files/Whitepaper.pdf
Blog - https://medium.com/homelendblog
Telegram: https://t.me/HomelendPlatform
Twitter : https://www.reddit.com/r/Homelend
Facebook : https://www.facebook.com/homelend.hmd.35
Bitcointalk : https://bitcointalk.org/index.php?topic=3407541.0

AUTHOR ARTICLES:

Bitcointalk username: ltymub

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2247659

Telegram username: @lica2017