Lending platforms has been very popular among users and investors the last years, and now a new and very ambitious project called "The Deal Coin" is entering the market. The Deal Coin is creating a decentralised P2P lending eco-system and aims to bridge the gap between the current financial marketplace and the future of cryptocurrencies and blockchain technology.
You can pre-register for the ICO by clicking on this link: https://thedealcoin.com/preregister
To let my readers learn more about the project I made an Interview with Michael Morrison, the CEO of The Deal Coin.
1. Let's start with an introduction of yourself. What is your position in The Deal Coin and what are your tasks?
My name is Michael Morrison, and I am the CEO of The Deal Coin. I am responsbile for designing the original concept and overseeing the development of our project, from marketing to investor relations and new partnerships to technology development.
2. Tell me more about yourself. What other positions have you had before you got this job? And what interests do you have?
I have been involved in technology for 24 years. I started my career with a major telecoms business called BT PLC, where my passion for technology started. I worked in a variety of roles starting out in the telesales office and over the next 17 years I worked through field sales, management, Regional Director roles, and finally for 12 years I was a Managing Director of a large sales channel selling technology solutions to businesses across the UK. Outside of work I have a young daughter who is 5 and a son who is 17, and I try to spend as much time with them as I possibly can.
3. How will your knowledge and experience make an impact on this project?
Blockchain is by far the most exciting technology advancement for years, it will have a great impact on our lives as the Internet and social media had. It is still in its infancy, but the buzz around the industry and the ideas and visions that are being formulated and discussed really excite me, and makes me even more realise the vision for The Deal Coin project.
4. You have some ambitious plans. Where do you see your project in two years from now?
Thank you, it is an amazing opportunity to be involved at this early stage of the evolution of blockchain technology. It is hard to say as each day, new developments are being announced and with that comes even more ideas. We are focused on developing our next generation financial eco-system which we expect to launch in Q3 of this year. Depending on the success of our ICO I would like to think that within 2 years, we are helping many businesses across the world, gain access to funding faster and more competitively whilst enabling a better return for investors all over the world.
5. Which part or the world will you be focusing on in the beginning when launching The Deal Coin platform, and how will you attract users and business to use it?
Initially, we will focus on the countries where blockchain development is advanced enough to support the eco-system that we are creating. We must also consider the regulations and compliance laws that exist in each jurisdiction to ensure that we are compliant in everything we do. In terms of building the eco-system we are already being approached by private and institutional investors who are also looking for a better and more secure return on their funds. We have been testing the business funding market for nearly 3 years and we know that there is no shortage of businesses looking for more competive funding than they currently can access. We receive applications from all over the world from Mauritius to the UK from Africa to the US. We are confident that the business will launch and prove itself very quickly. With the support of everyone across the world and through businesses and investors Working Better, Together we will change the financial marketplace forever.
6. What are your main challenges right now?
Our main challenges right now are not having enough hours in the day to complete all the preparations for our ICO sale. Our aim is to become one of the first regulated blockchain companies and we are working closely with a GBX sponsor firm called Kession Capital to enable this to happen. We must differentiate ourselves from many of the poor ICO's that are tarnishing the industry. They are holding back good companies from developing their solutions and delivering real benefits for many people. We are also heavily focused on raising awareness of our project for the upcoming ICO, whilst gaining all the agreements with many partners who will collaborate with us to create the financial eco-system we have designed. The interest and buzz we are creating with our project inspires us all to work harder and realise our idea for the benefit of everyone.
7. Who are your main competitors in the blockchain industry? How do you compare yourself to other lending providers like Salt, Celsius, and Ethlend?
There are many great companies in this industry not just the ones you have mentioned. Whereas some companies are focused solely on crypto lending against crypto assets, we have chosen to bridge the gap between the current financial marketplace and the future of cryptocurrencies and blockchain technology. Our partners are devleoping the latest innovations in asset registers from land, property, cars, arts and collectibles, precious metals. If the asset is registered on the blockchain and we can trust the borrowers identity then there is no reason why smart legal contracts and insurance policies can be registered on the blockchain to enable borrowers to raise funds from investors quickly and securely. We are focused on developing a financial platform and eco-system which combines the latest technology to reduce cost for businesses borrowing FIAT currencies, irrelevant of location in the world and improve returns for investors at the same time. By harnessing the power of the blockchain we aim to dramtically speed up the outdated and cumbersome processes whilst eliminating fraud at the same time. This really is possible and we look forward to making it a reality.
8. The tokensale tends to be a hard and crazy process. How did you prepare for it?
We started the process over 6 months ago and from the beginning we made the decision to follow a strict regulatory and compliant approach. Whilst the industry is not regulated we are all in no doubt that we have to be prepared for this in the future. This has meant many long hours for the whole team to ensure everything we do is with this is mind. Our team are operating all over the world. From England, the USA, France, Netherlands, Spain, South Africa, Ukraine and India, its a real global effort from everyone.
We are focused on becoming one of the first regulated blockchain companies in the world and differentiating ourselves from the many other ICO's and crypto companies out there today. Preparing and running an ICO brings immense pressure, but we have a great team, who are all committed to the vision of The Deal Coin project. Their hard work and effort every day will ensure we succeed and I look forward to seeing the results very soon with the launch of the ICO on the 26th March 2018
9. Something else you want to add?
"Financial services can't linger in their experimentation with blockchain technology - they need to move aggressively or be left behind by the rapid pace of innovation"
- Cognizant 2017
The Deal Coin 2018 will soon start to show the world the next evolution of the financial industry and with our partners we look forward to creating a better future for businesses and investors across the world. Working Better, Together.
Thanks to Michael Morrison for this great interview. You can read more about The Deal Coin ICO and the project on the links below.
Thedealcoin.com