It’s Shark Week again! – & this year, it’s time for the sharks to take a bite out of P2P lending and Bitcoin!!In celebration of
Shark Week, we are pleased to announce the upcoming launch of
Coinshark – the future of P2P lending for the new generation.
Our loans are made by lenders (the Sharks) direct to borrowers, based on the asset being secured and the borrower’s credentials. Because our loans do not carry the traditional overheads and because we secure each and every asset using internet-of-things technology, we can bring innovative and lower cost loans to more people, while providing a better rate of return to the lender.
Coinshark as the facilitator, screens each borrower and secures their property for the purpose of lending.
As a
lender, you would provide your funds in bitcoin and choose who you lend to. You can review each borrower, the purpose of the loan and decide how much you want to lend that borrower. Once a loan is fully funded, the funds are made available for the purchase of the asset and we at
Coinshark secure the asset. When the borrower makes loan payments to us in bitcoin, we proportionately split each loan payment across the lenders for that loan. As a lender, you will receive a better return on your funds.
As a
borrower, you gain access to lower cost loans, in exchange for providing the lender with better asset protection. For certain types of assets, we also provide theft prevention, which may contribute to lowered insurance rates.
Coinshark’s industry-leading approach integrates the use of smart contracts recorded on the blockchain to control the use of assets secured by internet-of-things technology. P2P lending is a multi-billion dollar industry and we are the first to integrate asset security with P2P lending. Every aspect of our service is cryptographically secured; and protecting our clients’ data is our highest priority.
We plan to launch to the public later this year.
For more information on
Coinshark, information on how to invest in us, or to provide lending capital please contact
Mike Langley at
mlangley@coinshark.io. For general updates please subscribe to our mailing list at our site
https://coinshark.io.
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