The Deal Coin Benefits and How to Procedures

in #cryptocurrency • 8 years ago

The Deal Coin believes that a peer-to-peer can solve the problem with borrowing and lending – not only within the local scope but also in the global setting. With the right implementation and technology, such a system can help the financial sector enjoy easier, faster, and more inexpensive service without compromising trust.

Benefits of the Platform

There are some benefits that you can get from The Deal Coin, such as:

  • Safe and secure platform. Thanks to the technologies adopted and implemented by this platform, you won’t have to worry about anything. Lenders won’t have to worry about the borrowers running away with the money. Borrowers won’t have to worry that lenders will change the contract.

  • Fast and reliable process. If you depend so much on the traditional borrowing and lending system, it may take a while – which may take weeks and even months. With this platform, you don’t need to deal with the fussy or complicated system, and you definitely don’t need to wait for months.

How does the System Works?

So, how is a borrower can get a loan for their business?

  • They will have to fill in the application of why they need the money for and send the proposal to the platform

  • The central database will review the proposal as well as checking the borrower’s credibility and reputation. They will have to go through (and pass) the KYC and AML checking

  • If the verification is done and the borrower is considered legit and trusted, the proposal will be then listed and ‘posted’ on the platform.

  • Any interested investors should pass the KYC and AML verification process. They can communicate and interact with the borrowers once they have passed the checking

  • If they have discussed terms and rate of loans, including the repayment methods and procedures, they can seal the deal through the smart contract. Creating the smart contract requires the token, so make sure that the borrowers have the tokens

  • Lenders can buy the tokens or use their own token supply and send it to the borrower’s wallet.

  • During the repayment, borrowers will have to transfer a certain amount of token which is equal to the value of the fiat currency.

Tokens Value and Function

The Deal Coin token (DLSD) will be used as the main currency. It means that sending or receiving money will be done by using this token. However, the tokens will also be used as the means to activate the features available on the platform. When you want to create a smart contract, you will have to use the token. When you want to activate the smart insurance, you will also have to use the token. Basically, the tokens are important to gain the best benefits from the platform.

The development team is planning to release 1 billion tokens and around 650 million of them will be sold during the token sale. The pre-sale events have taken place, and the public sale will start on 4th of May 2018, but there will be no bonus offered for this event. Price is set around $0.10 for 1 DLSD token, so interested investors should make use of this opportunity. So, interested in joining The Deal Coin?

Link

Author

Username: dadangbau

ETH: 0x1C3dE002D43CfcB258373C5e3C3a0497b030ec4e

#blockchain #ethereum #thedealcoin
8 years ago in #cryptocurrency by
$0.00
    Reply 0