So much loans projects nowdays. its new mainstreem like was VR, card projects etc. What benefits you have before your competitors?
Hello!
Two categories of competitors:
• Traditional P2P-Lending (Lending Club, Zopa, bezbanka.ru, etc.)
• Cryptocurrency Loans (Everex, POLONIEX, Btcjam, etc.)
Our system of record and transaction keeping is more open than traditional P2P.
For example the Lending Club scandal regarding the company turnover was blown
out of proportion.
SOFIN transactions are stored in a decentralized storage facility based on blockchain.
There is also an effective bonus model that is based on the private SOFIN
token (elaborated in the Smart Contract Structure section).
Legal purity and transparency of each transaction. The loan is given in the fiat rate
in currency of the borrower, according to the law. Therefore, creditor has a clear
and legitimate reason to repay his loan.
In addition, we differentiate from both competitors with the existence of our own
guarantee fund, which reduces the risks to creditors (elaborated in the Guarantee
Fund section).
We give loans to both individuals and SMEs. In terms of business, it can be both
a business development loan and/or for entrepreneurial startups. The main thing
is to make the project viable.