Suretly is the world’s first crowdvouching platform. Eugene Lobachev is founder of Suretly. Suretly was designed in a way where lenders vouch to borrowers. Vouchers doesn’t lend their money to borrowers but in case of borrower’s found default, it gave guarantee to repay the loan to the lenders. The cowdvouching platform can be used for any loans but it was designed with the aim of providing services to the small or short term loans market.
Accepting or rejecting application for the loans was depend on Vouchers, which works or act as a mass mind. The approved loan amount should be guaranteed by the Vouchers. And liability for single loan will be divided between all Vouchers. Suretly is very different from traditional P2P lending.
Benifits of Crowdvouching
No cost for investors: Here on Crouwdvouching platform investors or co-signers do not loan anyone or buy any securities. They act as dozens of co-signers who guaranteed to pay debt in situation of default. Also here investors get compensation which depends on borrower’s credit rating.
Distribution of risks: The risk of loan is distributed between several investors. Currently crowdvouching platform was tested on small or short term loans ( up to 30 days).
Quick return on investment: Compensation to investors in most cases is paid
out of the loan amount. They can receive their profit the day after a loan is issued
to its borrower.
No cost paid by investors: Here crowdvouching act as a interaction’s administrator, also it assumes hundred percent liabilitiesto recover money from investors in the event borrower defaulting.
Anonymity: The personal data of borrower’s will be hidden to investors. Even in a case of default personal data will be hidden.
Lower borrowing rates: The rates will be minimal for borrowers, minimizing risk of investors it needs higher interest rate to cover defaults. High credit rating borrowers these cost are going to be significant.
With the all above benifits of crowdvouching platform users have chance to improve their credit history and gain the status in market. The person who has low credit history or nill credit history are called as sub-prime borrowers. According to some reports more than one twenty one millon americans have low credit score in history. Also their is low default rate in history by using this platform. The team has tested crowdvouching in eastern europe for 4 months and the result is very positive.
Lending process can better understandable by given image:
Presently this project’s application is in a beta in Russia Integration with new creditors from Russia and Kazakhstan and maybe this will get completed in next few months. Entering in US market is in progress.
About The ICO
Initial Coin Offering (ICO) will start on 11 July and it willrun till 11 AUG 2017. You can join their ICO here.
The rate of 1 SUR token will be 0.1ETH at ICO rate, the users who purchase SUR tokens during first hour of ICO will receive 70% bonus and for next 23 hours users will receive 50% bonus and it will continue with decrease in bonuses. No tokens will be created after reaching 10$ million USD raised or after ICO expiration date.
2% of the SUR tokens are reserved for bounty program.Bounty deails can be found below
Team
Website:
BitcoinTalk: Click here
Facebook: https://www.facebook.com/suretly/
Whitepaper: https://suretly.com/docs/Suretly_whitepaper_v1.2.pdf
Twitter: https://twitter.com/suretly_com/
Bitcointalk profile link: