About NEL
Banking and financial services are quintessential to progress and development, however, despite efforts of providing mainstream financial services to communities in developing economies the recent findex reports present disappointing figures. With over 2 billion people — mostly in developing countries — with no access to any form of financial or banking services financially empowering rural and semi-urban communities in developing economies yet remains a challenge; not to mention the fact that such acute lack of financial services is an impediment to growth diminishing effective production.
The absence of any regulated or quality financial institution in communities allows unauthorized lending sharks to exploit those in need by levying exorbitantly high-interest rates. NEL identifies the problems facing such communities including the issues that limit the extent and reach of financial institutions in such communities.
Addressing these issues, the NEL promises operating with comparatively much better interest rates for borrowers and also provides exclusive benefits to the lenders. By creating a robust, intuitive and interactive ecosystem leveraging the blockchain technology it ensures elimination of unnecessary costs incurred on ledger upkeeping, account maintenance, and sums lost to transaction processing and third-party intermediaries.
Built on the NEM blockchain technology the NEL platform will be powered by unique ‘NEL tokens’ which have multiple functions on the platform like allowing members to receive privileges on the allocation of smart contracts, the payment of interest by borrowers, receiving profits on the funds loaned and more. The NEL tokens initially valuing 1 NEM are to be developed as dedicated tokens and will be exchangeable and tradable in the open market.
The platform will also feature a unique NEL USD token which will be pegged to the fiat currency; 1 NEL USD valuing $1 USD. While the NEL USD will protect borrowers from market volatility as the contracts and lending will be carried out in NEL USD.
NEL platform will be a user-friendly and didactic platform available to all the users. It will allow
the exchange of information between all the ecosystem participants. The microfinance
institutions will be able to offer smart contracts, communicate about their organisation and
their projects.
Users will have the opportunity to know about the microfinance institutions’ results in real time.
A full range of dynamic economic data will be available and usable for monitoring. Users will
have access to information pertaining to the pool, the rates applied and the participating
microfinance institutions.
Anyone willing to answer any financing request through offering a loan will be able to do so
through the smart contracts directly on the NEL wallet, that is well integrated with the NEL
platform.
Users will be able to vote or request vote regarding the direction the pool should take.
NEL Wallet
Download our App
NEL mobile wallet is the easiest way to start using NEL. The wallet supports both NEL and XEM, allowing users to switch between the two different currencies effortlessly. You can begin being part of the NEL ecosystem now and use the wallet from anywhere in the world to send, receive or store NEL and XEM, easily.
Why NEM?
NEL Ecosystem
Token info
Token NEL
Platform NEM
Category FINANCE
Tokens Supply 145, 000, 000
Tokens for sale 100, 000, 000
Accepting NEM
Soft cap 1, 500, 000 USD
Hard cap 15, 000, 000 USD
Price 1 NEL = 1 XEM
Private Sale SOLD OUT
BONUS 30% 15 SEP - 04 OCT
BONUS 20% 05 OCT - 22 OCT
Distribution
Roadmap
2017 Q3
From idea to concept
2017 Q4
Market research and feasibility study
with microfinance institutions
2018 Q1
Initial team creation
2018 Q2
Start of the platform development
Partnerships with local MFIs
2018 Q3
Wallet alpha version and whitepaper publication
Partnerships with local MFIs
TGE preparation
2018 Q4
Token Generation Event
2019 Q1
Token listing on exchanges
Launch of the platform beta version
Integration within microfinance institutions
New Partnerships with MF Institutions
2019 Q2
Final release of platform and wallet
2019 Q3
Opening of smart pools – smart contracts
2019 Q4
Ecosystem development
Smart pools diversification
Team
Partners
For more information about the investment projects please visit:
Website: https://nel.network/
Whitepaper : https://nel.network/resources/pdf/NEL-whitepaper.pdf
Telegram: https://t.me/nelnetwork
Twitter: https://twitter.com/Nel_Network
Author
Forum Username : andal02
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566211
wallet address NCAXMSBEITB4FBHPVW2FY3CBBFPI47DMYZTWGOV6
#NEL #NEM #ICO #Blockchain #cryptocurrency #presale #TokenSale #startup #BountyCampaign #Investment #Exchange #Crowdfunding
