Homelend.io Review: A Mortgage Blockchain Based Crowdfunding Platform!
Hello friends, today I am going to show you a great project which is based on the blockchain technology and it is going to directly impact the mortgage industry. Let me tell you a short description of the mortgage market which is worth $14 trillion of only US mortgage market and according to the stats and historical data, the mortgage global market is expected to reach around $31 trillion by the end of 2018. The goal of homelend.io is to disrupt the $31 trillion global mortgage market which will be easier for the borrowers and the lenders without any intermediaries that reduce efficiency and add costs to the application process.
As you already know that there are so many peoples around the world who don't own home even they can't apply for the mortgage loan for the home due to the old paper work and outdated assessment criteria. All the points are closely noted by the homelend team and cause to launch a mortgage platform based on the blockchain technology. Due to the blockchain technology, homelend is a decentralized and peer-to-peer mortgage lending platform. Homelend will connect borrowers to the lenders with a smart contract in its decentralized market.
Why You Should Use Homelend.io as a Mortgage Platform:
Today's mortgage platforms are centralized and outdated and lack of paper works, and due to the intermediaries there are always possibilities to cut the costs of both borrowers and the lenders. Homelend.io is a decentralize mortgage platform that implies no third party that will surely a relief for both the borrowers and the lenders. There are many mortgage platform existing that only allow you to get small loans, but homelend will allow you to get loans for anything even for your home. As you know, owing a home is one of the basic need for the humans but everyone can't be able to get it due to the high interest rate and the basic mortgage platform's paper work. Homelend is going to solve all of these problems using the blockchain technology with smart contracts. There are few advantages to use homelend platfrom:
- The old mortgage platform is very lengthy, not simple and it requires a lot of works, homelend solving it.
- Once you apply for a loan using old mortgage platform that required intermediaries that reduce efficiency and add costs to the application process. Homelend will make their mortgage platform easier to use by both borrowers and the lenders by which borrowers can easily get the loans, track the status of the loan and interact directly with the lenders.
- Old mortgages are unobtainable for new generations of young borrowers, which mean millions of creditworthy individuals cannot obtain home loans “due to outdated assessment criteria”.
- Homelend will run without any intermediary that will reduce the costs for both borrowers and the lenders.
Homelend has noted down all the problems and it seeks to launch a mortgage platform which will be based on the blockchain technology and smart contracts.
How Does Homelend.io Work?
Homelend.io is a decentralize and peer-to-peer mortgage platform which is using distributed ledger technology (DLT) and smart contract technology. Homelend will connect the individual borrowers to the lenders by end-to-end platform that simplifies and automate the entire process of mortgage platform.
Homelend (HMD) Token Information and Allocation:
| Question | Answer |
|---|---|
| Symbol | HMD |
| Total Supply | 250,000,000 |
| Standard | ERC-20 |
| Token Value | 1 ETH = 1600 HMD |
| Accepted Currency | BTC, ETH, USD |
| Softcap | $5,000,000 |
| Hardcap | $30,000,000 |
Homelend's Roadmap:
Homelend's Team Members:
Connect with Homelend.io (HMD):
Website: https://homelend.io/
WhitePaper: https://homelend.io/files/Whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3407541
Twitter: https://twitter.com/HomelendHMD
Facebook: https://www.facebook.com/homelend.hmd.35
Telegram: https://t.me/HomelendPlatform
I am on Bitcointalk, if you are also on bitcointalk, you may follow us. Here is my bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1314459
You may also follow us on steemit to get the info of upcoming trusted crypto projects.