Inspeer brings forth a P2P legal lending platform!
November 1, 2017 6:11 am,
We have heard of a lot of companies that make their money and capital through blockchains. Inspeer also follows the same ideology but it promotes Peer-to-Peer (P2P) lending without the involvement of any intermediaries. Peer to peer (P2P) is a new lending method where the investors and borrowers interact and take loans without involving the financial institutions as an intermediary. This is beneficial to both the companies as well as the customers. For the companies, it reduces the expenses a lot and, as for the borrowers, they can have a direct interaction with the investors themselves. Now, all this has jumped to another level with the unstoppable increase in the upgradation of technology. Crowdlending has become a part of the finance system as it allows its individuals to lend to other individuals or legal entities online. All of this is done on a common platform.
Currently, the emergence of these methods has created some ruckus like high interest rates (of loans) and lack of developed high-quality scoring systems – which in turn increases the risks for lenders. This is where Inspeer jumps in to save the world. It aims to build the P2P lending platform with a start in Russia and China with developing the first P2P lending platform that provides loans in crypto-currency along with real money as well. Inspeer is well aware of the trust-issues the lenders face while extending loans so it will execute the same assessments and scoring procedures as anyone does for a loan in fiat money. This way, the moneylender’s risk will be reduced.
As mentioned earlier, Inspeer will use the blockchain methodology to raise capital. The token would be INSP with the supply of 50,000,000 tokens. The Initial Coin Offering (ICO) will have a weekly bonus. On the first day, it will be of 15%, after 1 week – 10%, 2 weeks – 5% and finally it decreases to nil in the 3rd and 4th week. Every 6 months, 20% of the Inspeer profits will be transferred to the specific Ethereum Wallet which will be then redistributed to all holders of INSP token. 1 INSP = $1 (USD). The token offering will be stopped if the maximum ICO goal of 30 million USD is reached. The money gathered from the ICO will be distributed as 85% to the investors, 9% to the team, 3% to the bounty Sand the remaining 3% to the advisors.