A Blockchain Based Mortgage Crowdfunding Platform - HOMELEND

emilyearl (45)in #blockchain • 6 years ago (edited)

Homelend is a mortgage lending platform with the sole aim of making mortgage use a seamless process. This is because apparently everyone wants to live in a good home, but not everyone can afford the financial payment with this in mind, there is a need for an opportunity wherein everyone can have a full access to all the mortgage services they will need. This is because owning a house or living in one is an inevitable decision we all have to make as mans most basic need is that of shelter. Homelend through the integration of blockchain technology is disrupting the mortgage space and giving it to everyone who will have need for it. The blockchain technology is enhancing human existence by making some of our daily activities and interest a seamless process. Homeland will be integrating the blockchain and the smart contract to revolutionize the mortgage ecosystem.

The current mortgage enterprise over the years has processed all their transactions manually and through the use of so many paper works. This alone has stalled and brought about numerous errors in mortgage processing. The manual computing is done by humans whom are known to make some errors while processing the large sum of paperworks on their desk. This is all changing with the Homelend platform. Homelend is introducing a peer to peer mortgage lending platform. How is this possible? This is possible through the blockchain technology. Blockchain is all about peer to peer transactions without any middlemen and any barriers to market entry or exit. Blockchain transactions are immutable and are easily tracked around the globe. The smart contract is known as a bridge between two persons who are in a mutual agreement. The smart contract helps keep such agreement and executes it on time. With the Homelend platform, mortgage acquisition will be instant bypassing all the long days and processes involved when using the traditional mortgage services. Homeland will as well decentralize the mortgage ecosystem and take it back from the centralized bodies thereby passing it on to individuals.

Homelend Tokenmetrics/ICO details

As a car needs gas to run on, such does a house need an access key through which it can be accessed. So is the same with the Homeland project. The Homelend project, will need an access key through which the platform can be accessed. This access key will be known as the currency through which everything in the platform will be accessed. To take part in the mortgage opportunities provided by Homelend, every user must possess the Homelend token. This token is a utility ERC-20 compatible token and it will serve as payment gateway inside the Homeland platform.

Tokensale information

Every project needs a startup fund to help build the project to the level it is expected to be in order to have a competitive advantage or be able to compete with its counterparts in the global market. Such is the same with Homelend project. Homelend project, a mortgage platform is holding an initial coin offering exercise to further develop the Homelend project and enable everyone around the globe have a fair choice to getting mortgage access should they have need for it. The details of the initial coin offering are as follows: a total of $33,000,000 will be needed for the further development of the project and should this cap not reached during the initial coin offering event, the softcap is set at $5,000,000. During the initial coin offering event, there will be different bonus at various levels, the bonus will start from 20% for the first week and decrease by 5% subsequent weeks and the final week will have 0% bonus.

Summary

With Homelend, peer to peer mortgage lending is made seamless to everyone as all information will be sstored on the blockchain ledger and easily verifiable and available to anyone who would have need for it.