[ANN][PREICO] 🚀 🅱onum - Global backed loans and deposits on blockchain 🚀

[Whitethoughts]

And if we just sell the collateral when the price approaches the critical indicators?

This is not always possible since sometimes the price changes very sharply. Especially it concerns large sums - how fast can you sell it?

We are talking about the sums of a maximum of millions, not tens of millions or billions. I consider these amounts to be insignificant for any large exchange.

[tiCeR]

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

What level of collateral do you consider to be high? Usually the price of an asset in a collateral is estimated at a discount of 30%.

I like the healthy discussion and I feel everyone is making good and important points. Even the 30% discount number you throw in could fail to deliver the desired results. The liquidity in crypto markets is sometimes so thin that it's hard to see any system working reliably in the very near future. HOWEVER: that doesn't mean nobody should give it a try and I like what you are trying to do. As someone here said before, you have to strike the equilibrium between someone willing to provide massive collateral for a tiny loan and the financial security / sustainability of your system as a whole. That's a very difficult task to perform in markets with low liquidity.

[mv1986]

Hi, we are glade to annonce our new advisor on Anaytics Dr. Stylianos Kampakis



Dr. Stylianos (Stelios) Kampakis is an expert data scientist, member of the Royal Statistical Society statistician, honorary research fellow at the UCL Centre for Blockchain Technologies and startup consultant living and working in London. A natural polymath, with degrees in Psychology, Artificial Intelligence, Statistics, Economics and a PhD in Computer Science he loves using his broad skillset to solve difficult problems.

Considering the broad academical background this guy has he is a very valuable addition to your team. That's a bunch of degrees

[KateMoss]

I like the healthy discussion and I feel everyone is making good and important points. Even the 30% discount number you throw in could fail to deliver the desired results. The liquidity in crypto markets is sometimes so thin that it's hard to see any system working reliably in the very near future. HOWEVER: that doesn't mean nobody should give it a try and I like what you are trying to do. As someone here said before, you have to strike the equilibrium between someone willing to provide massive collateral for a tiny loan and the financial security / sustainability of your system as a whole. That's a very difficult task to perform in markets with low liquidity.

Another interesting question is the size of the collateral in the constantly falling market - what we have now. I do not think that the closure of the transaction due to the sale of collateral through (suppose) 10 days from taking a loan will suit at least someone in this business.

[Bonum]

Hello everyone. We are in Singapur and it`s hard to ansver you right now.

Thnx for your questions!


We are in BEF 2018.

If you are here to, join us for talk)

[AleXcreig]

Hello everyone. We are in Singapur and it`s hard to ansver you right now.

Thnx for your questions!

https://c2n.me/3RDLdt7.jpg
We are in BEF 2018.

If you are here to, join us for talk)

Cool. Later, when will the time appear, will you post a report from this event?

[LuckyNicky]

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

Unattractive to which other competitive offers? There are banks that give loans without collateral. But there to get a loan will have to go through a lot of procedures plus it will take a long time. What other options are there? I do not know where else you can take a loan without collateral and quickly except as in similar services.

Yes, I also do not understand this question. Everything must be considered in comparison. Currently, the interest rates that the platform is going to provide are the best offer on the market.

[CanvinGale]

Now the market is falling day by day. Therefore, I was interested in this question: with what speed I should (as a borrower) provide additional security for the loan so that my pledge was not sold?

[MikePerry]

Hello everyone. We are in Singapur and it`s hard to ansver you right now.

Thnx for your questions!


We are in BEF 2018.

If you are here to, join us for talk)

Nice! Who is in the photograph and what is his report about?

[LightFork]

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

Unattractive to which other competitive offers? There are banks that give loans without collateral. But there to get a loan will have to go through a lot of procedures plus it will take a long time. What other options are there? I do not know where else you can take a loan without collateral and quickly except as in similar services.

Yes, I also do not understand this question. Everything must be considered in comparison. Currently, the interest rates that the platform is going to provide are the best offer on the market.

Those who like to talk about loans from the bank without collateral, usually forget about the mortgage, where the collateral is your home.

[Pay4youractivity]

I like the healthy discussion and I feel everyone is making good and important points. Even the 30% discount number you throw in could fail to deliver the desired results. The liquidity in crypto markets is sometimes so thin that it's hard to see any system working reliably in the very near future. HOWEVER: that doesn't mean nobody should give it a try and I like what you are trying to do. As someone here said before, you have to strike the equilibrium between someone willing to provide massive collateral for a tiny loan and the financial security / sustainability of your system as a whole. That's a very difficult task to perform in markets with low liquidity.

Another interesting question is the size of the collateral in the constantly falling market - what we have now. I do not think that the closure of the transaction due to the sale of collateral through (suppose) 10 days from taking a loan will suit at least someone in this business.

The question is really complicated. It looks like 30 percent is an insufficient stock of discount. But a larger percentage looks absurd. Almost double redundancy can be obtained.

[Holopopstyir]

Now the market is falling day by day. Therefore, I was interested in this question: with what speed I should (as a borrower) provide additional security for the loan so that my pledge was not sold?

You have to make it before the price of your deposit is less than the price of the loan that you took. I can not imagine how difficult it is to implement it technically.

[Whitethoughts]

Now the market is falling day by day. Therefore, I was interested in this question: with what speed I should (as a borrower) provide additional security for the loan so that my pledge was not sold?

You have to make it before the price of your deposit is less than the price of the loan that you took. I can not imagine how difficult it is to implement it technically.

This is implemented quite easily. It is enough to set an automatic order for the transfer of some amount of currency to the system if the price reaches critical values.

[SixFigures]

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

Unattractive to which other competitive offers? There are banks that give loans without collateral. But there to get a loan will have to go through a lot of procedures plus it will take a long time. What other options are there? I do not know where else you can take a loan without collateral and quickly except as in similar services.

Yes, I also do not understand this question. Everything must be considered in comparison. Currently, the interest rates that the platform is going to provide are the best offer on the market.

Those who like to talk about loans from the bank without collateral, usually forget about the mortgage, where the collateral is your home.

Right but you don't possess a home for speculative reasons. Most of crypto is possessed exactly because of that and that's why it is extremely volatile. Apart from the housing bubble we saw back in 2008, the real estate sector is by no means as volatile as crypto. That doesn't mean your project makes no sense, it just means that striking the right balance to get your business going sustainably is extremely hard. And maybe still too early because of the extremes we are seeing on a daily basis. However, giving it a try also means you are among the first who can collect valuable data about how things should or could be done.

[LuckyNicky]

Right but you don't possess a home for speculative reasons. Most of crypto is possessed exactly because of that and that's why it is extremely volatile. Apart from the housing bubble we saw back in 2008, the real estate sector is by no means as volatile as crypto. That doesn't mean your project makes no sense, it just means that striking the right balance to get your business going sustainably is extremely hard. And maybe still too early because of the extremes we are seeing on a daily basis. However, giving it a try also means you are among the first who can collect valuable data about how things should or could be done.

In real estate, we have absolutely the same processes and the same speculation. But since we can not sell / buy a house a hundred times a day in real estate, these processes are slower.

[AleXcreig]

In real estate, we have absolutely the same processes and the same speculation. But since we can not sell / buy a house a hundred times a day in real estate, these processes are slower.

In fact, the problematic place of any financial system is not assets but fiat money. All causes of bubbles in them.

[KateMoss]

This is implemented quite easily. It is enough to set an automatic order for the transfer of some amount of currency to the system if the price reaches critical values.

Do not you think that because of these issued orders (which are executed automatically), the rate of the collapse of the currency rate increases?

[CanvinGale]

Now the market is falling day by day. Therefore, I was interested in this question: with what speed I should (as a borrower) provide additional security for the loan so that my pledge was not sold?

You have to make it before the price of your deposit is less than the price of the loan that you took. I can not imagine how difficult it is to implement it technically.

It depends on which asset is pledged. If high-volatility, then there are few options. If low-volatility it is possible to monitor the situation and if necessary make additional collateral.

[MikePerry]

This is implemented quite easily. It is enough to set an automatic order for the transfer of some amount of currency to the system if the price reaches critical values.

Do not you think that because of these issued orders (which are executed automatically), the rate of the collapse of the currency rate increases?

But an automatic order can be issued even for purchase. In general, if some asset is sold, then we can say that some are bought. I do not think that this system will affect the market negatively.

[LightFork]

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

Unattractive to which other competitive offers? There are banks that give loans without collateral. But there to get a loan will have to go through a lot of procedures plus it will take a long time. What other options are there? I do not know where else you can take a loan without collateral and quickly except as in similar services.

Yes, I also do not understand this question. Everything must be considered in comparison. Currently, the interest rates that the platform is going to provide are the best offer on the market.

Those who like to talk about loans from the bank without collateral, usually forget about the mortgage, where the collateral is your home.

Right but you don't possess a home for speculative reasons. Most of crypto is possessed exactly because of that and that's why it is extremely volatile. Apart from the housing bubble we saw back in 2008, the real estate sector is by no means as volatile as crypto. That doesn't mean your project makes no sense, it just means that striking the right balance to get your business going sustainably is extremely hard. And maybe still too early because of the extremes we are seeing on a daily basis. However, giving it a try also means you are among the first who can collect valuable data about how things should or could be done.

High volatility of the crypto currency is its property - it does not go anywhere. This is a kind of payment for free valuation. The price is determined only by supply and demand. This is true. No one forces you to sell at prices you do not like.