Bitcoin Forum

Will transaction security be guaranteed by a smart contract?

Smart contract supports only tokens inside the ethereum blockchain

They will create coins from other blockchains on the network ethereum

1 LDT: 1 USDT

You have on the site in the team indicated only 3 people. Do you have such a small team?

Have you already sold 25% of tokens on private sale? Did venture funds take part in private sale?

How can I make sure ur advisors are real?
That they have real intentions about the project
And will do all their best to make this project successful?

Aside from that, is this legally registered exchange?
You are all Indians but based from your linkedin profiles, this company is based in Malta, and Singapore.
So where is it really based and registered? Where is your physical office located?
We all know that most projects are getting their license to operate to countries with loose crypto regulations, so it's easy for the team to get out in case.

i just wondering what is the ticker for this token? is it LDT or BTCC?
i hope it's not BTCC because there is a mining pool called BTCC so it will be good if you use another ticker

Your site contains trading pairs for bitcoin, ethereum, ripple and EOS. There will be no trading pairs for stablecoins?

I also noticed that advisers are listed, but there are no photos and links to social networks.

They are not public people?

Yes, All companies are registered in Panama, Malta or Estonia. (more often.)

If you are registered in Singapore for your project this is a big plus, but I would like to see the registration documents

LDT is a stablecoin ticker usdt. LDT created under the standard erc20 in the network ethereum. This is done to complete transactions in a smart contract.

Is the BTCC used as collateral when getting a loan? ???

What happens if the borrower does not repay the loan on time? Will the pledge be credited to the lender?

How legal will get a loan in the US? Do you have a license to issue loans or are you providing only an information service.?

Credit is not given by BTC Credit, but by lenders.
BTC Credit, through its peer-to-peer system and smart contract, acts as a guarantor of a fair deal.

What is the commission of your system?

If you do not charge a fee, fraudsters can conduct fake loan deals to get a reward in BTCC tokens

I think this should be monitored by moderators in order to prevent regular deals between the same people.

I saw you appeared on icobench. Despite the fact that you have a team of 3 people. Bot gave you a high rating of 3.9

Send a link to icobench. I want to see which experts left an assessment of the BTCCredit project

There are no reviews from experts on icobench. Let's wait for their opinions and assessments about the BTCCredit project to understand the perspective.

Will you accept low-liquid tokens as collateral?

A peer-to-peer exchange has a great future. Now there are many similar projects. I think it will be quite difficult for you to compete if you do not offer something really interesting for traders.

Now many projects are switching to Binance Chain. Have you thought about switching to a new blockchain?

Why do this if the smart contract ethereum performs all the specified functions?

Is there a smart contract in Binance Chain?

They created a decentralized exchange with a peer-to-peer system. As I understood in their blockchain, it is possible to use smart contact

Then this is a great chance for BTCCredit to get listed on Binance DEX.

For your project, this may open up new perspectives if the Binance Chain is more perfect and safer.

But no official reply from the dev's team???
The marketing team should be pro-active in answering the queries on this thread.
Otherwise, this is just another wannabe exchange trying to get their share in the market.

It seems people need more education on the difference between debit cards and credit cards. Crypto banking is a step in the right direction to improve the traditional banking sector.

In the telegram group, the admin quickly answers all questions https://t.me/btccredit1

I think the BTCCredit manager on the bitcointalk forum is a bit lazy  ;D

Judging by the site in them in a team of 3 people and two advisers.

Now I understand why on the forum a project representative is very rare

The main thing is that it is convenient for people to pay for everyday purchases using cryptocurrency

Why is there no information about advisers other than their names?


JASON H.JUNG. https://www.facebook.com/jason.h.jung
Is this his facebook profile?

Sang Jae Seo is a pretty famous person. He is the CEO of PayX

Here is his profile in linkedin https://www.linkedin.com/in/sang-jae-seo-451492b0/

Can legal entities borrow through your BTCCredit platform?

Who will check for projects that go to crowdfunding?

For investors, it is very important that startups are checked and fraud was excluded.

On the Sang Jae Seo page there is no information about cooperation with btccredit. How can you prove that he is your advisor?

Yesterday you announced the start of a fundraiser. How much money did you manage to raise?

Have venture funds or well-known investors participated in the investment?

The site has an image of what BTCCredit will look like. Is this a finished MVP version or is it just a picture?

What is the maximum term you will issue loans?

If I take USDT on the security of Bitcoin and Bitcoin will fall in price by 50%, then it will not be profitable for me to return USDT?

I think that the collateral currency should be a stablecoin otherwise fraud is not excluded

Theoretically, can I take a loan and trade on your P2P exchange? I think this is a hybrid kind of margin trading.
But there is a risk to spend credit funds.

Why the site does not have information about the fundraising process? How much have you been able to attract investment?

P2P is an excellent solution for ethereum network. However, it will be quite difficult for you to scale without your blockchain. I hope you are considering the development of your network, which will make the commissions cheaper and increase the speed of transactions.

What is the cost of a BTCC token on private sales?

Are there any discounts or bonuses?

The private sale price will be $0.05 for 1 BTCC token.
It is 50% discounted price of the final ICO price.

Yesterday, the telegram administrator reported that the amount of attracted investments exceeds half a million dollars.

Apparently investors want to buy BTCC at the best prices and trust the project team

Was your team known before BTCCredit?

Have you already organized other projects to collect investments?

How much did you manage to sell tokens allocated for private sale?

I know that users avoid exchanges where there is a small trading volume. This is a problem of many decentralized exchanges. How will you solve this problem?

Centralized exchanges often show huge trading volumes, and I cannot sell my coins. I think decentralized exchanges are fair and we should strive to trade on such exchanges.

I know that bitcoin volatility is very high. How will you deal with the fall in prices of collateral cryptocurrency?

BTCCredit is an international company. But I agree that the Indian market is very promising. but In the future you will have the possibility of mining?

really bro, if possible don't btcc because this coin is very cheap.

Full account verification is required for both the borrower and the lender?

The administrator said that in the future they plan to develop their own blockchain and leave the ethereum.

Mining will be on the new blockchain

btcc is a project token, and LDT is its own stable token linked to USDT

What is the longest loan term? I can take a loan for 10 years and give interest 1 time per year?

Friend, it all depends on the requirements of the lender. It is the lenders who set the interest rate and duration.

And the borrower already chooses the best conditions for himself and enters into the deal.

Since the foundation of your platform is an exchange, will loans be issued in most cases for trading?

Will it be possible to bargain with the lender to lower the interest rate?

What does this mean?

Can a lender sell a borrower's debt to other lenders?

Where can I get acquainted with the standard loan agreement? Will there be different conditions in the loan agreement for residents of different countries?

You issue loans in USDT, although I think that this is not correct.

It is more logical to accept a deposit in USDT, and to issue a loan in any currency that the lender gives

What risks does the lender bear? You talk about the security of P2P lending, but the cryptocurrency market volatility is very strong

But a smart contract is not an official document, so the borrower is not legally responsible.

How are controversial issues resolved?

Can I pick up part of the collateral by paying part of the loan?

The borrower must not only repay the entire loan, but also pay the interest rate for the return of the collateral

What is the penalty charged to the borrower if he has not paid the interest rate on time?

Debts of borrowers will be sold to collection offices?

This will not be necessary since the debt is repaid with a pledge.

Therefore, P2P is a safe lending for both the lender and the borrower.

Why, then, complete verification of the lender and the borrower?

Why to demand official documents from them at registration?

I think this is due to recommendations from the legal department. This is a requirement of the governments, and BTCCredit want to get a license and work in the legal field

Now it is very difficult to get a loan for business development, since it requires a large turnover of funds on its own bank card, official work with high income or real estate for collateral.

I think you will not require as many documents

What are the prospects for the project in the future? I know that in Europe there are banks giving loans with negative interest rates

It is important for a lender to have protection of his funds, which he lends. If you can show effective credit protection, many large funds will want to lend to small businesses.

At the end of 2018 you raised $ 1 million? Is that not enough to implement roadmap plans?

Now only marketing takes about 500 thousand dollars.

Is 1 million dollars raised from venture funds or private investors?

What was spent 1 million dollars that you attracted? Do you have accounting reports on spending or do you just keep money in the bank?

What is the volume of the lending market?

What percentage of the lending market do you want to borrow?

According to a Morgan Stanley report, “the market for Global Marketplace Lending may reach $290bn. by 2020, with an expected Compound Annual Growth Rate(CAGR) of 51% from 2014 to 2020.”

The lending market is developing very rapidly.

BTCCredit is an international platform, so you can become a monopolist.

All US residents live on credit and have minimum interest rates. They buy housing, study and buy a car on credit.

I think they are unlikely to give up traditional banks.

If the BTCCredit platform has the best credit conditions, then why should US residents choose traditional banks.?

I think everyone will choose a more profitable loan.

In order to take a loan, you must have the same amount in cryptocurrency. What then is the essence of the loan, if the user can simply sell the cryptocurrency and not take a loan?

Can Korean residents take part in private sales?

You have written that you will be crediting through a smart contract. P2P lending.

But you also wrote that you will use C2P lending. What it is?

Why do lenders bear the risk of default? After all, they can return the loan issued, since there is a pledge

If the collateral fell in price due to the red market, then the lender may not be able to recover the full amount of the loan.

Is it possible to make a deposit in any cryptocurrency? I thought only in a stable coin like USDT.

Have you analyzed in which countries are you ready to use your services? I know that in the US, many are investing in Bitcoin, and it may be interesting to lend on the security of Bitcoin

Investing in the United States is caused by the general trend of investing in high-yield projects. They continue to believe in the national currency and most likely will take loans in dollars

BTC Credit just gives loans in the dollar, more precisely in USDT which can be easily changed to fiat money

At the same time, US residents will not risk losing their property. Bitcoin will be in the pledge, in which they are already investing

The United States has always been a major market for many business areas. Lending in the United States is very popular. The peer-to-peer system will allow you to believe in the security of transactions, which will cause great popularity

I liked that you are a platform without borders. A resident of any country can lend to businesses anywhere in the world. Peer to peer lending is the future that will kill banks.

Private sale already lasts more than a week. How many tokens you sold for this stage?

Does the moderator appear here? So many questions and so few answers.
I liked the idea of safe lending, but the risks are still great

judging by the fact that your token can be a pledge when getting a loan, it is not a utility.

If this is a security token then do you need permission from the SEC?

The deposit is made in the liquid cryptocurrency, and the token is issued as a reward for a successful transaction

Does BTCCredit receive a commission on interest rates or on the entire loan that the borrower returns?

Without verification, I can not take large loans or any credit? even small loans

Usually, in the case of no credit repayment, the company goes to court.

But since the cryptocurrency is not recognized as a means of payment, the court will not be able to recognize lending.

We can borrow not only money but also other items. They will also need to be returned. The question is whether a smart contract is legally binding ...

If the cryptocurrency market continues to grow, it will be very profitable to take loans.

You take a loan and pledge btc. A month later, your security deposit grew by 100% and the loan was given back.  ;D ;D ;D

Can a lender sue a borrower if he does not repay the loan on time?

Do you plan to participate in any conferences so that I can meet your team personally?

Is it possible to pay the loan ahead of schedule, so as not to pay interest next month?

Have you considered collaborating with Advanced Cash or PAYEER?

Many would like to receive a loan in these payment systems.