[REVIEW ICO] Homelend ICO

Home, no doubt, is an important would like for individuals. For some, house is where their relatives or friends area unit except for some, they think about home as one thing that they own for his or her own. For people that selected or don't have any alternative however to rent or purchase an area, associate choice to do therefore is by taking a loan however process a loan isn't straightforward. the method takes a great deal of your time, money, paperwork, etc. therefore overall obtaining a loan could be a complicated method. A loan isn't simply between the recipient and therefore the financial organization however individuals like appraisers, rating agencies, broker, vender are concerned.

The complicated loan method is what Homelend aims to resolve. Homelend's mortgage disposition platform could be a peer-to-peer disposition platform supported blockchain and with the good contract. With Homelend's platform, a number of the intermediaries concerned within the loan are not any longer required to method it. Removing these intermediaries could sound risky however thanks to embedment of the business logic of the loan method to good contract, the borrowing and disposition can still be secured, are clear, and may be trusty. 2 elementary style of flows area unit discovered within the platform: data flows and monetary flows. data flows is that the data regarding the recipient whether or not he has the means that to pay back the loan or not and conjointly regarding the property, whether or not the property's price is enough or as valuable because the quantity of the loan. monetary flows, on the opposite hand, area unit the flow of the lender's financial resources to the vendor.

MORTGAGE LOANS supported the businesses

Having a house is one amongst the fundamental human desires - a requirement that the majority individuals will afford by taking away a mortgage from a Bank. over eight million mortgages area unit issued annually within the u.  s. alone.

By embedding pre-defined business logic into good contracts, digitizing documentation, and eliminating needless processes, Homelend mechanically executes the end-to-end creation method, reducing It from fifty days to lower than twenty.

From expensive to cost-efficient mediation and while not mediators

The certainty, security, and transparency provided by DLT enable transactions to be recorded, as well as loans, while not banks acting as intermediaries. this may cut back prices for each borrowers and lenders, whereas minimizing the gap between them.

The America mortgage market is calculable at fourteen trillion greenbacks, and by the top of 2018, the world market can reach thirty one trillion greenbacks. However, despite the actual fact that the Central market is socially and economically, the normal mortgage disposition system remains improbably primitive.

The system depends on long and sophisticated paper processes involving numerous intermediaries - processes that area unit burdened with inefficiencies and overhead prices for each borrowers and lenders. Moreover, mortgages area unit for the most part unrealizable for a replacement generation of young borrowers, with the exception of ample responsible people from getting mortgages because of out-of-date valuation criteria.

Homelend could be a mortgage crowdfunding platform of a localised and peer-to-peer nature with 2 main functions. The team hopes to modernize the present disposition system, creating it a lot of client targeted whereas conjointly rising potency and cost-effectiveness. in addition, the team hopes to expand the opportunities for owning a home for the newest generation of borrowers, operating to satisfy their distinct desires and style.

After the borrower's loan application is pre-approved and everything is about, as well as the slicing of the loan, it's currently up to the lender's aspect of the platform to maneuver the method of the loan forward. Slicing of the loan is that the method of dividing the loan into smaller loans therefore parenthetically, a $350,000 loan is also divided into thirty five slices making a loan of $10,000 per slice. to grasp however these sliced loans area unit to be supported there area unit 3 P2P disposition strategies for lenders to settle on that Homelend can develop and provide. the primary disposition methodology is that the crowdfunding methodology. mistreatment the instance on top of, if a $350,000 loan is split to thirty five slices of $10,000 each, a recipient will have the maximum amount as thirty five lenders. Lenders will fund a loan by shopping for slices which may be one or a lot of. The idea is pretty straightforward however the matter with this methodology is that the uncertainty of however long before the loan may be closed, the earlier all the slices area unit bought the earlier the loan may be closed.

The HOMELEND TOKEN (HMD)

HMD is that the fuel that feeds the Homelend single-user disposition platform. the most perform is to supply access to the Homelend platform.

This utility token conjointly plays a very important role in providing a quick, swish and easy advancement that's unified and secure.

All tokens may be regenerate to and from HMD.

Technical parameters

Character HMD

The total volume of 250 000 000

ERC-20 normal

The value of ETH= one,600 HMD

Accepted currencies ... BTC, ETH, USD

Softcap $ five,000,000

Hardcap .$ thirty 000 000

ADDITIONAL INFORMATION:

Web site: https://homelend.io/

Whitepaper: https://homelend.io/files/Whitepaper.pdf

Ann Thread: https://bitcointalk.org/index.php?topic=3407541

Telegram: https://t.me/HomelendPlatform/

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

Twitter: https://twitter.com/homelendhmd

Author Information:

Bitcointalk Username:tuananh9858

My bitcointalk:https://bitcointalk.org/index.php?action=profile;u=2251884