★ SUR ★ Token As A Pledge for Suretly

[Zontop]

Being on blockchain will not anyone be able t vouch anyone ? This is the main purpose of blockchain to eliminate the borders and to bring transparency and fast transactions. It will still remain to see how these restrictions to some countries are applied practically and what effect they have on the project.

[suretly]

Being on blockchain will not anyone be able t vouch anyone ? This is the main purpose of blockchain to eliminate the borders and to bring transparency and fast transactions. It will still remain to see how these restrictions to some countries are applied practically and what effect they have on the project.

Hi! There will be a possibility to vouch for the borrowers from other countries using SUR tokens - but only for those countries where crypto is allowed.

[suretly]

It means that there will be an opportunity to use tokens for vouching instead of fiat money.

Coins of your project can be bought on the platform, when it starts to work already?

Hi! There will be a possibility to use SUR tokens, but not to buy them in the app.

[suretly]

If they can accept SUR tokens as a form of payment for loans then the guarantors can be from any country and not just Russia. However, it means moving the office to somewhere like malta for easier crypto regulations. In any case, it is good to see some progress with this suretly project

Hi, thank you! We will accept tokens in the app a bit later. You are right, the primary goal of token usage in the opportunity to vouch for the borrower from other countries.

But for the first time only Russian rubles can be used as collateral amounts. Do I understand correctly?

Yes, that is right. At the first stage, only rubles will be accepted in the app.

[suretly]

It means that there will be an opportunity to use tokens for vouching instead of fiat money.

Coins of your project can be bought on the platform, when it starts to work already?

Hi! There will be a possibility to use SUR tokens, but not to buy them in the app.

On which exchanges is the project's token added? Does the team plan to conduct the listings?

Hi! SUR tokens are listed on HitBTC, Tidex and Waves platform. We will consider new listing after the SUR tokens will be implemented in the app.

[suretly]

Being on blockchain will not anyone be able t vouch anyone ? This is the main purpose of blockchain to eliminate the borders and to bring transparency and fast transactions. It will still remain to see how these restrictions to some countries are applied practically and what effect they have on the project.

Hi! There will be a possibility to vouch for the borrowers from other countries using SUR tokens - but only for those countries where crypto is allowed.

The list of these countries will be published on the Suretly project website?

Hi! After you download the app and pass the registration, you will see the orders from borrowers from all countries available for you.

[p3ppymon]

The release of the app is misleading as there is no use (and hence no benefit) for token holders. How long will it take to implement such feature? Moreover, how will it work? The more the sur tokens, the more the vouching weight? Please clarify.

[ukloon]

The release of the app is misleading as there is no use (and hence no benefit) for token holders. How long will it take to implement such feature? Moreover, how will it work? The more the sur tokens, the more the vouching weight? Please clarify.

I was thinking the same thing about the lack of use for SUR tokens. I suspect they want to attract users to the app who will want to use fiat which is easier, then add the SUR tokens afterwards. This doesn't help to encourage investors to buy SUR so they will have to give us a time frame on when it will be implemented

[suretly]

Being on blockchain will not anyone be able t vouch anyone ? This is the main purpose of blockchain to eliminate the borders and to bring transparency and fast transactions. It will still remain to see how these restrictions to some countries are applied practically and what effect they have on the project.

Hi! There will be a possibility to vouch for the borrowers from other countries using SUR tokens - but only for those countries where crypto is allowed.

The list of these countries will be published on the Suretly project website?

Hi! After you download the app and pass the registration, you will see the orders from borrowers from all countries available for you.

I understand that if the user is from the country with which the project application does not work, then this user will not be functional to become a guarantor?

Hi! You can become a voucher (or guarantor) only if the app is working in your country in the main mode (not only the demo one).

[suretly]

The release of the app is misleading as there is no use (and hence no benefit) for token holders. How long will it take to implement such feature? Moreover, how will it work? The more the sur tokens, the more the vouching weight? Please clarify.

Hi! It is important for our token holders to know that the product has been developed. And it is a big step for our team. We plan to implement tokens within 2 months.

The tokens will be used as a pledge for surety. The token value will be defined based on the market price. You can get more information on the token use from our article https://goo.gl/NF5h6z

[suretly]

The release of the app is misleading as there is no use (and hence no benefit) for token holders. How long will it take to implement such feature? Moreover, how will it work? The more the sur tokens, the more the vouching weight? Please clarify.

I think the team will not delay adding tokens to the application. As the project will be beneficial, so that users from different countries of the world become guarantors.

We will try to implement tokens as soon as it is possible.

[suretly]

I read your article and I liked your idea that in those countries of the world where the use of crypto currency is allowed, the guarantors deposit a pledge in the project's tokens.

But I did not understand: how will the team defend its business model? The article says what you need to protect, but how will this happen in practice?

Hi! I guess you mean the part where we say that "we need to protect our business model from scammers and frauds (which is the major issue for cross-border lending and especially for p2p lending)"

The borrower will be from the same country as the lender, and before transferring the data on borrowers, the lender will verify the information. They will have all legally allowed sources for that, including the access to the credit bureau data. That is not possible to arrange when the borrower is in another jurisdiction. And that is the main problem of all p2p lending platforms which want to issue cross-boarding loans.

And this also will give us an opportunity to influence the credit history of the borrowers through the lenders' channel (to improve it or to make it worse in case of the default). That will also stimulate borrowers to pay the debt on time.

[suretly]

I read your article and I liked your idea that in those countries of the world where the use of crypto currency is allowed, the guarantors deposit a pledge in the project's tokens.

But I did not understand: how will the team defend its business model? The article says what you need to protect, but how will this happen in practice?

Hi! I guess you mean the part where we say that "we need to protect our business model from scammers and frauds (which is the major issue for cross-border lending and especially for p2p lending)"

The borrower will be from the same country as the lender, and before transferring the data on borrowers, the lender will verify the information. They will have all legally allowed sources for that, including the access to the credit bureau data. That is not possible to arrange when the borrower is in another jurisdiction. And that is the main problem of all p2p lending platforms which want to issue cross-boarding loans.

And this also will give us an opportunity to influence the credit history of the borrowers through the lenders' channel (to improve it or to make it worse in case of the default). That will also stimulate borrowers to pay the debt on time.

cross-border p2p lending is a good idea. I think this project can become competitors for banks in the future.  concept is very impressing.

Hi! We are not exactly a p2p lending project. Suretly is a crowdvouching platform, we build a third party in the traditional lending model - a group of vouchers (co-signers) who guarantee to return the loan in case of borrower’s default. They got a fee from the borrower.

[suretly]

The team does the right thing, which regularly publishes articles and news and tells us about their achievements and future plans.

Thank you. We are trying to keep our community informed.

[suretly]

Hi! We are not exactly a p2p lending project. Suretly is a crowdvouching platform, we build a third party in the traditional lending model - a group of vouchers (co-signers) who guarantee to return the loan in case of borrower’s default. They got a fee from the borrower.

Due to the fact that your idea makes a positive change in the sphere of lending, your project should be successful. Your startup has a lot of potential.

Thank you! We think the same way.

[suretly]

If I am from Ukraine and want to work as a guarantor on your platform, then I need to wait for the moment when you add your tokens to the application's functionality?

Yes, that is right. If the use of tokens is allowed in this country, you will have an opportunity to use tokens for vouching.

[suretly]

We continue our series of publications covering the latest microfinance news of the countries the Suretly project plans to enter.
🇺🇸Today we will take a look at the most remarkable news in the USA, one of the most promising markets.
✅World trends do not bypass the United States. Here we can observe much of what is going on in other countries when it comes to microfinance.
✅We highlight three stories which seem to us most interesting and important.

➡ https://bit.ly/2QwB8Q7

[Dvd1989]

If I am from Ukraine and want to work as a guarantor on your platform, then I need to wait for the moment when you add your tokens to the application's functionality?

Yes, that is right. If the use of tokens is allowed in this country, you will have an opportunity to use tokens for vouching.

When do you expect the app to go fully live? And in what countries will we be able to vouch first? And can you only vouch for loans in your own country?

[mcfom]

Whatever I have understood from following the discussions that app will not be covering all countries at start. It was stated by Suretly's representative on previous page that you can vouch only if app is working in your country. That makes things clear that you will have to wait for your country to get listed in approved states.

[p3ppymon]

Surely Suretly team will make a list of all outstanding issues and provide the community with an answer. So far, although communication has been constant, the level of details still is not to standard.