WHY PNGME LENDING MARKETPLACE IS THE BEST BET

emmy92 (42)in #crypto • 5 years ago (edited)

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INTRODUCING BLOCKCHAIN AND PNGME

Blockchain technology is finding increasing uses in various platforms of the world today, till date it keeps growing while disrupting many platforms, systems etc. One wonderful thing about blockchain technology is that it can either be leveraged on to build a new platform or can be utilized to improve an already existing platform or industry.

This feat about blockchain might sound like rocket science but it's true; the proof can be seen in its various features such as decentralization which ensure transparency and trust, use of smart contracts which ensure the adequate agreement is adhered to as well as other features.

With the idea of decentralization, imagine channelling the thought to the financial systems, the impossible will be achieved; this is the idea that a platform known as Pngme banked on thus developing its platform.
For better understanding, we all know the irregularities within the current financial institutions, such as lack of access to loans which has gone a long way in trapping or limiting many businesses from growing, in the long run, having a negative effect on the economy of scale.
The truth is, financial systems are meant to help small and medium businesses to grow but nowadays they are now for the rich or top businesses thus killing small or upcoming businesses the more.

With this in mind, forms a cue on what Pngme's platform is all about.

Before approaching anyone about any new projects or even already existing, there is a need to be equipped with concrete reasons why the project is worth it.
Talking about Pngme, I can define the project or platform as one which aims to change the status quo in growing businesses. One might further ask how? Pngme aims to make access to financial help or services easier and at a less cost.
What is more than this? This alone will go a long way in making more businesses and individuals to grow and expand.

From a more detailed angle, Pngme is a blockchain platform in this way being a universal platform with the aim of disrupting the lending marketplace thus giving businesses, individuals and investors the opportunity to access alternative lending services, loans and/or capitals.

Like earlier stated, Pngme is based on blockchain and recalling that blockchain ensures the transparency of any platform, in turn, makes Pngme's platform an open and transparent lending marketplace. In addition, Pngme is further armed with features such as decentralized rate-setting algorithms and digital credit scoring thus making access to loans easier.

WHY WE SHOULD USE PNGME

The first and most important thing to know about Pngme is that, it is open to all types of borrowers such as digital asset hedge funds, MFIs, mobile money networks and MSMEs. With Pngme being open to this types of borrowers shows the platform is in line with its goal which is to bridge the financial gap affecting millions of businesses worldwide through increasing the accessibility of loans or capital while reducing the cost of credit; the end result of this is a sustainable economy. From the aforementioned, one will agree that indeed Pngme is one of its kind because there is yet to be a platform with such goals; this further leads to Pngme being the mobile lending marketplace connecting borrowers with the needed help through blockchain technology.

Another reason to use Pngme platform is that, it is decentralized, that is, no manipulation of any kind; in addition to the blockchain is a banking Innovative infrastructure which will be used to give users of the platform that banking feeling such as;
a. Fast transactions,
b. Asset settlement,
c. Loans collateralization achieved with digital assets (such as USD backed coins) and tokenized physical assets ( such as fine arts etc).

However, most Interested users in various countries might wonder or ask how they will be able to participate in the affairs of Pngme lending marketplace; the answer to this is the use of blockchain as well. This is true because blockchain is global and with Pngme leveraging its services ensure users in any part of the world can participate without bothering about unnecessary charges as blockchain will lower the cost of cross-border settlements. Smart contracts found within the blockchain is further used to collateralize loans from digital assets.

Furthermore, another reason to leverage Pngme platform is that the team is more than capable owing to their wide experience in blockchain, finance, product design etc. A little research on the team shows that they have more than 20 years of blockchain-based engineering and Fintech experience. At the same time, they have proven to have a large network of high net worth individuals and businesses, both national and international.
This is further proved with regards to their first customer known as PENTAVIRATE using their mobile app to tokenize sukuk bonds in Asian markets.

Last but not least, Pngme makes it possible for interested users to be mobile-money agents on their platform for more information:

CONCLUSION

Pngme has proved beyond a reasonable doubt to be the right tool or platform for the lending marketplace as it strives to ensure there is easy access to loans at a low cost. In the same way, Pngme proves this not to be mare words owing to its users utilizing the platform's mobile app for peer-to-peer low-cost payments etc.

The token of the platform is known as Pngcoin with ticker PNG, it is based on Ethereum blockchain thus being an ERC-20 token. It has a total supply of 1,192,258,185, and is used to access various services in the platform and can also be used for a discount for app users who wish to stake for membership.