** The complexity of loans and high interest rates is one of the main factors that crippled the development of small and medium enterprises. There are a large number of businesses that need financial support, but do not have access to it. **
Deal Coin is a blockchain lending platform that will allow small and medium enterprises to enter the credit system.
According to the developers, there are a number of problems that require solutions:
- High interest rates. In some banks, lending rates can reach 30%, which is very detrimental to the business.
- High rejection rate. Only a few companies can get a loan, because of this, must have a loan.
- Geographical limitations. If you are operating in a state territory, not a citizen, then the bank will not give you a loan.
- Long delay. It sometimes takes weeks or even months to get a loan, which is unacceptable in a highly competitive environment.
** The Coin Transaction Platform opens new horizons for business representatives, which allows to exclude all the deficiencies of the current credit system described above. This is a P2P platform, connecting investors and companies that need financial help. The main advantages of The Deal Coin include: **
Security and honesty. Due to blockchain technology and smart contracts, every transaction will take place without any third party intermediaries and strictly comply with the agreed terms.
Comfort. To earn money, you do not have to spend a lot of time in an internet bank.
Profitability. Interest rates on the Coin Deal platform will be minimal, so you will be able to use your funds as efficiently as possible to grow your own business.
** The project will issue 2 types of tokens - Deal and Deal Coin. They will have different goals: **
Deal - tokens that will be used exclusively for internal operations and payments. Deal is stablecoin and is bonded to the pound sterling level in a 1: 1 ratio.
Deal Coin - tradable token for exchange and exchanged with Deal for use on the platform.
The Deal Coin for Deal exchange will be conducted on more favorable terms than any other cryptocurrency exchange. Such structures make it possible to ensure lower volatility and to stimulate the growth of coin prices.
