What is Homelend?
Homelend is a decentralized platform enabling the next generation of homebuyer mortgage financing. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. By doing so, it enables mortgage crowdfunding using a peer-to-peer model with the security, transparency and automation provided by distributed ledger technology (DLT) and smart contracts.
The Homelend Ecosystem:
From manual & lengthy, to Streamlined & Efficient
By embedding pre-defined business logic into smart contracts, digitizing documentation and eliminating unnecessarily processes, Homelend will automatically execute an end-to-end origination process, cutting it down from 50 days to less than 20.
From Ambiguous & Clunky to Transparent & User-Friendly
Homelend aims to create a lending process that is not only smart, but also simple and fair. It will enable borrowers will be able to easily apply for a loan, track their application status at all times and interact directly with mortgage lenders.
From Costly Intermediation to Cost-Effective & Middleman-Free
The immutability, security and transparency provided by DLT makes it possible to record transactions, including loans, without banks acting as middlemen. This will reduce costs for both borrowers and lenders, while minimizing the distance between them.
From Vulnerable & Unreliable to Trusted & Secure
Centralization and paper-based processes are the key factors behind the insecurity and vulnerability that characterize the traditional mortgage industry. The unique characteristics of DLT and smart contracts enable Homelend to provide a platform for people to transact large amounts of money in a trusted, transparent, and secure way
Homelend is being developed as a blockchain solution that will significantly increase the housing financing possibilities for many individuals and families. Our value proposition is socially sensitive and anchored in a P2P progressive approach that aims to use technology for society’s benefit. Nonetheless, Homelend is also based on a sound and profitable business model, which consciously reaches out to address an underserved market. On the one hand, Homelend creates an investment opportunity for many individuals, with a solution that unites a traditional industry as real estate, with an innovative technology like blockchain. On the other hand, it makes possible for many individuals (who due to various circumstances, including current limitations in the traditional credit risks models, do not possess a solid credit score but are otherwise creditworthy) to access to housing financing and solve one of their most basic aspirations: having a home of their own.
Project Team:
Homelend is being developed by a global team with extensive experience in blockchain technology. The company is based in Israel, known as the “Start-up nation” due to its innovative and entrepreneurial environment. In fact, the number of Israeli companies listed on NASDAQ trails only that of USA and China35; and Israel has more venture capital and startups per capita than any other country in the world.
Token Details:
The HMD token is the fuel powering the Homelend peer-to-peer lending platform. It's main functionality is to grant access to the Homelend platform. This utility token also plays an instrumental role in enabling a fast, smooth and user-friendly workflow that is unified and secure. All tokens can be converted to and from HMD.
Token HMD
Price 1 ETH = 1,600 HMD
MVP/Prototype Available
Platform Ethereum
Accepting BTC, ETH, Fiat
Minimum investment 1,000 USD
Soft cap 5,000,000 USD
Hard cap 30,000,000 USD
Country Switzerland
Whitelist/KYC KYC & Whitelist
Verdict:
Homelend is a decentralized platform enabling the next generation of homebuyer mortgage financing. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. By doing so, it enables mortgage crowdfunding using a peer-to-peer model with the security, transparency and automation provided by distributed ledger technology (DLT) and smart contracts. Homelend is currently launching an ICO for raising capital to support our project. Our offering is conducting from Zug, Switzerland (a.k.a. Crypto-Valley), under the highest standards of security and trust.
Important links:-
Website: https://homelend.io
Whitepaper: https://homelend.io/files/Whitepaper.pdf
Telegram Group: https://t.me/HomelendPlatform
Twitter: https://twitter.com/HomelendHMD
Facebook: https://www.facebook.com/HMDHomelend/
ANN: https://bitcointalk.org/index.php?topic=3407541
Bounty: https://bitcointalk.org/index.php?topic=3407877
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664
