In today's world, dozens of projects are trying to reach mass funding opportunities. Because to be able to do business and improve business, needs a lot of investment capital. Therefore, mass funding is essential.
Several methods have been tried for years in mass funding. Investment partnerships have been established, and profit partnerships have been attempted to be developed. Bonds and bonds have been created, so projects have been tried to be financed.
Some have experienced investor frustration; some have failed the project; the investor was hurt. The limits of some projects have been too high for small investors and companies.
AZfundchain creates an ecosystem where foreign currency and cryptocurrencies can be used and try to benefit from the mass funding opportunities of small businesses. The user-friendly interface will solve the trust issues between users thanks to its open and transparent functioning system. The project, which has been carried out especially for those who are out of banking, is making promising efforts for small businesses.
The savings and credit union (ROSCA), which accepts revolving funds among people, brings together those who wish to borrow money for a defined period. The aim is to provide banking services from person to person and transfer credit from person to person. First, a period or month is determined by the organizer. Then the number of people according to the time to be established is determined. Thus, a circle is created. The money that people collect among themselves is paid to one of the participants at each monthly period. Thus, each participant receives the sum of the money when the order is reached. Usually, ROSCA is run for six months to reduce risks. Therefore, if one of the participants does not pay, only one-month term loss will not affect the system.
Let's imagine a circle of money that one person pays $ 30 a week. In each period, only one member will receive a total bonus. If there are 12 people collected, a monthly member would have used $ 720 interest-free loans. Each participant will enjoy the same amount of money without Interest Until the money Circle is completed.
This type of loan is used in many parts of the world, even in different ways. Millions of people are employed in India and China are used in Rosca. In 2015, the loan amount used in India was around $ 150 billion. There are more than one million Rosca users in Brazil, one of the Latin American countries. In some cases, group management is charged to manage group formation healthily.
Azfundchain is developing a hyper-ledger-based fund transfer project that uses the internet to build trust between the community and banks in the USA, and to this end, it forms a database. The project mission is to develop applications connected to the blockchain chain for customers around the world.
The Azfundchain platform has a minimum Ethereum Blockchain-based ERC20 specification. When the token supported by Coinbase reaches $1, it is automatically converted to USDCye. The symbols will be put on sale at $0.90.
Token Structure
Road Map
Team
Advisors
Useful Links
Web: https://azfundchain.io/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5096656.new#new
Telegram: https://t.me/fundchainAZ
Facebook: https://www.facebook.com/azfundchain/
Twitter: https://twitter.com/azfundchain
Medium: https://medium.com/az-internet-blog
AuthorAli Olgun
Bountysuite Name: iccel35
Mew: 0x5a36bbeCC1eAFcAeF405C3F3CffFce0d31b70244
Bitcointalk ID: https://bitcointalk.org/index.php?action=profile;u=1876805