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Each of us has definitely given a thought about his own business. But not all of us possess enough resources to launch it. What do we do in this case? Of course, the majority of us will take out a loan. And then there are several questions arise. Where? What’s the interest rate? What’s the insurance guarantee? A great help might be the latest solution “peer to peer” loan based on blockchain - The deal coin.
It's common knowledge that the very concept of blockchain implies the elimination of the third party, at the same time making the product as secure as possible. The deal coin, in its turn, possesses the very these qualities. Due to the ability to transfer funds "from hand to hand," with the help of a blockchain, one of the main loan intermediaries become unnecessary (in fact, it means refusal from the banks). That will significantly reduce the cost of paying loans.
Advantages of the system:
1) There is no need to pay a huge interest rate on the loan, as there is an opportunity to negotiate a percentage with the lender. And taking into account that the market is expanding, the rate will probably be low.
2) There is no need to wait for weeks for a response as for the loan. You will receive it within 2 days.
3) There is a bilateral guarantee and insurance for both the borrower and the lender. Blockchain cannot be tricked.
The principle of work
The system is based on the blockchain system will interact with users through the DAPP (application). Thus, with the help of your smartphone, you can make all the necessary steps to take out the loan.
Preliminary, it will be necessary to process KYC, which gives an additional guarantee to both parties. Loans will be issued using the domestic currency of the system - DLSD, basing on the British pound.
ICO
Pre-sale will be launched on March 28th, 2018 with a 20% discount. The bulk of sales will occur on April 16th, 2018 and will last for 8 weeks with no bonuses for the purchase.
Summary
It’s quite an interesting and promising start-up, based on the fact that “peer to peer” loaning is growing exponentially, alongside with the increasing popularity of a bitcoin. And, of course, a big plus is that The deal coin was created in 2015 in the UK and has been successfully operating for 3 years.
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