HOMELEND - A mortgage crowdfunding platform

The present-day mortgage services are not readily available to everyone and even those who can afford it have to go through a number of huddles just to make sure they get it. You can agree with me as to this because of all the paper works and all the intermediaries involved in this process. The high cost of income level which an individual has to maintain before mortgage service is available to them is high and as such, not everyone can afford that. Most people at some point have to desire to own their own apartments and in the light of this, there is need for a more robust option to mortgage acquisition.

Homelend Approach

Homelend is not just offering everyone a more robust mortgage experience, there are some underlying factors which they will be adopting to bring this experience to pass. Unlike what is seen in the conventional mortgage system where bank or other mortgage bodies have to access your credit and income levels before determining what percentage of mortgage you can afford, the Homelend platform is different. Homelend is establishing a global peer to peer mortgage facility which will enable everyone and anyone who would have need for mortgage services to be able to get one without having to pass through all the hurdles and delays and set backs encountered during mortgage acquisition.

On the Homelend platform, mortgage lending will be between two people and no intermediary. This is so because the Homeland project is built on the blockchain and the blockchain has proved to be a good source of decentralization, trust and fast transaction curtain. Homeland is eliminating all the barriers faced while using traditional lending platforms such as elimination of the paperwork processing.

Homelend will be employing the open ledger storage capacity of the blockchain to store every data and keep every record of any transactions done between two peers. Such transactions will not only be safe, it will also be transparent without errors, every member involved will be able to verify the transaction. The use of smart contract by the Homeland project will enable the execution of any transactions once the set parameter is met without involving any third party.

Transaction will be made possible across border thereby cutting the cost incurred during across the border payment. Not only this, the Homeland token will enable anyone anywhere get any mortgage service they would have need for irrespective of their geographical location. Homeland is enhancing the whole mortgage lending ecosystem through the introduction of the blockchain technology.

Token Details and Use of proceeds:

Homelend is having a crowdfunding event to help situate the Homeland project and further its development. This tokensale will serve as a means through which the project will be taken to the business front and the proceeds raised during this event will be used as follows. First let us look at the tokensale details: The Homelend token is a utility token and an ERC-20 compactible token. It will be known with the ticker HMD. A total of 250,000,000 HMD tokens will be ever available and no further tokens will be minted. The token will be pegged at 1,600 HMD to 1 ETH during the tokensale event. Currencies accepted is BTC, ETH AND USD. The softcap is as well pegged at $5,000,000 and hardcarp $30,000,000.

Now use of proceeds:

25% of the raised funds will be used for the general administration of the Homelend project, 40% will go to the development while 35% will be used for marketing and community building. All this as appropriated by the project team, is to make sure the funds raised are well utilized for the sole purpose through which it was raised.

Summary:

With the homelend platform, all the barriers encountered in the contemporary mortgage platforms will be eliminated and users can get maximal experience and ease of use while on the platform. This is because Homelend has made mortgage lending available to anyone of any class at any point in time.

Official Links

Website: https://homelend.io/
Whitepaper: https://homelend.io/files/Whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3407541
Medium: https://medium.com/homelendblog
Telegram: https://t.me/HomelendPlatform/

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