Managing a business or enterprise from any front is cost-effective, even more so for small or medium-sized enterprises (SME). The place and need for capital to develop an SME cannot be over-estimated all across the globe; it is a compulsory prerequisite to starting any enterprise. Depending on your country of residence, the rates attracted by loans differs – from 3.5% up to50%. Yes, 50%! Talk less of the upfront costs that comes with the loan, which can amount to another 10%-15% to the true cost of the funding? Why people would go for rates as high as 50%, when they can locate the far cheaper ones, you may ask. Well maybe geographical barriers and/or the right platform, amongst others. Even in countries where interest rates are considerably lower, the process to apply and get loans becomes very tedious and challenging. It is even almost impossible for SME’s (in different jurisdictions) to get access to international trade and supply chain finance or even get access to investors. These haVE been very frustrating for SME’s owners, especially those who’re not financially stable. Well the game is about to change because a team of innovative minds has developed a solution to all the afore-mentioned challenges; this solution is in the name of DEAL COIN.
The Deal Coin Solution is a decentralized peer to peer based lending solution which can connect lenders or borrowers throughout the world to a network of global professionals and institutional lenders in order to fulfill their funding requirements. This revolution is birthed to mainly raise capital via the value accumulated in their asset, in a few minutes. Built upon the Blockchain technology, all transactions gets registered on the decentralized ledger and transparently recorded on the Ethereum Blockchain, therefore fully secured for repayment.
PARTNERS
The Deal Coin Solution is building alliances with the leading credit reference, identity management, credit risk, legal and insurance blockchain companies in order to capture the latest decentralized applications to make sure all applications are assessed against credit risk and all lenders get full security for repayment. What you see coming is a financial ecosystem to provide SME’s globally easier and fairer finance.
HOW DOES IT WORK?
- Firstly, the borrower will have to complete an application form on our Decentralized Aplication (DAPP), complying to the KYC/AML requirements.
- The DAPP connects to the Deal Lending Solution Database (DSD) for information processing, which then initiates some tasks awaiting verification.
- Once all tasks are verified and returned, the borrower is notified and their application is listed within the DSD and displayed through our DAPP for easy use for the potential investors.
- Completing the KYC form is required for users who wants to lend on the platform, and passed after a careful check to participate within the DSD ecosystem. The lenders gets the ability to view and communicate with borrowers via the DSD once the information has been confirmed.
- Platform users connecting seamlessly with borrowers globally, are able to discuss rate or terms acceptable to both parties.
- The lender purchases the Deal Coin to use on the D SD platform and to initiate The Deal Coin Solution
- The Deal Coin Solution can combine a smart legal contract and a smart insurance contract to offer a secured agreement, within the DSDand The Deal Coin blockchain protocols.
- The Deal Coins are then approved for release and converted to the loan recipient’s local currency of preference, the fiat value of the loan is recorded in The Deal Coin contract.
- The borrower having reached the end of their agreement must repay the original fiat value of the loan using The Deal Coin.
- The Deal Coins are then transferred via the DSD and combined with the original contract, the DSD adds an amendment, confirming the terms of the contract have been fulfilled before The Deal Coins are released to the lender or they can elect to leave the coins on the platform and redeploy with another opportunity.
ADVANTAGES OF THE DEAL COIN
• It offers a unique business opportunity
• A universal peer to peer solution to produce fair stakeholder benefits for the ecosystem users.
• It opens lenders up to varieties of platforms for the best deal
• Irrespective of the country of residence, everyone gets the same interest rates
• Everyone from anywhere is eligible to acquire a loan
• It eliminates third party.
TOKEN DETAILS
The DLSD token is a utility token based on the new Ethereum ERC827 protocol used for transactions and services on the platform. Other accepted currencies are Bitcoin, Ethereum, Fiat, and Ripple currency. The ICO will start in June 2018 and end on the 10th of June 2018 with the total token supply of 1,000,000,000 DLSD at the price of $0.10 per token. The soft cap is valued at $5 million while the hard cap is valued at $50 million. The unsold tokens will be kept at the treasury for future use after the ICO.
TOKEN DISTRIBUTION
Bounty – 4%
Advisors – 6%
Development Team – 10%
Founders – 15%
Token Sale – 65%
FUND ALLOCATION
Legal & Compliance – 20%
Operational Costs – 25%
Platform Development – 35%
Marketing – 20%
ROADMAP
May 2015 – We fund any deal company formation
September 2015 – Finance broker platform developed in UK
November 2015 – Regulatory status considered
February 2016 – P2P funding strategy discussed
September 2016 – P2P crypto lending platform concept agreed
January 2017 – Research commenced
March 2018 – New Company formed, The Deal Limited
June 2018 – Pre-sale commences
July 2018 – Token Sale closes and the Deal Coins are allocated in accordance with this whitepaper
April 2019 – Go live first deals being funded
Late 2019 / Early 2020 – The launch of our P2P consumer finance strategy
THE TEAM
Michael Morrison – CEO
Nassim Taleb – CIO
Rajat Jain – CTO
Tarlock Singh – CFO
Sofiane Taleb – Marketing Manager
Chris Jones – Sales Team
John Taafe – Development Team
David Mowatt – Compliance Team
Paul Manning – Non Executive Director – Global Finance Investment
Ian Mackrell – Non Executive Director – Corporate & Structural Finance
Kunalan Sivupuniam – Advisor- Property Developer & Investment
James Eastwood – Senior Associate – Blockchain & Media
Jason Patterson – Senior Associate – Blockchain & Crypto
Darren Magee – Advisor –Waste to Energy & Medical innovations
Clement Chambers – Advisor
Nick Kurat – Blockchain Advisor
Tim Kozak – Technology Advisor
Yale Reisoleil – Advisor
Matthew Collom – Advisor
CONCLUSION
The Deal Coin is actually developed for the world, rather than for selected countries. So you can actually be in Brazil and apply/get a loan from the US, and also broaden your interactivity with investors around the world. A revolution indeed! You should wait no further to be a part of this innovation; to do that and for more information, please do well to follow the links provided below.
Reference Links
Website: https://thedealcoin.com/
Whitepaper: https://thedealcoin.com/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
Telegram: https://t.me/thedealcoin
Twitter: https://twitter.com/wefundanydeal
Facebook: https://www.facebook.com/wefundanydealcom-949135491807193/
Authored by: Davison
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2075838
Wallet: 0xcd3AA411AAF6Ab5017394e00Ad49eCF6B39Ee84B