sheloa
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 Offline
Activity: 61
Merit: 0
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April 26, 2018, 02:06:41 PM |
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Have you conducted any marketing research? Will your project be in demand?
Yes we have. Bank loans are in high demand now all over the world, and each country has their own interest rates. Why not erase the geographical boundaries between countries and issue loans at the best interest for both loan sides? btw do you have any bank loans?  Yes. It will be wonderful. I am not better than others, so yes I have a loan. We all want to have a new car |
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crytocyprus
Newbie
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Activity: 14
Merit: 0
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April 26, 2018, 02:08:53 PM |
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Have you conducted any marketing research? Will your project be in demand?
Yes we have. Bank loans are in high demand now all over the world, and each country has their own interest rates. Why not erase the geographical boundaries between countries and issue loans at the best interest for both loan sides? btw do you have any bank loans? Yes. It will be wonderful. I am not better than others, so yes I have a loan. We all want to have a new car I understand you. The only thing scary about loans. So you become dependent on them. More and more you begin to rely on the credit system |
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Ofcifreak
Member
Offline
Activity: 105
Merit: 10
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April 26, 2018, 02:11:45 PM |
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Excellent. Do more often such small ads and interesting news  |
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birds_ain (OP)
Newbie
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Activity: 180
Merit: 0
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April 26, 2018, 03:09:48 PM |
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The project looks interesting. If a few questions clarify me a little, I will gladly join. Do I understand you correctly that you will provide banking services using Blockchain?
Hi capricorn121, thanks for your questions! Let me clear it up for you. We're creating the system that provides services similar to banking ones, but based on other principles: the profit from the loan doesn't go to the bank, but is distributed between the end user who issued the loan/ part of the loan, the KYC partner who verified the identity of the borrower and the Insurance blockchain which insured this transaction. Do you have more questions to ask? I'll be happy to answer them all How will the identity of the borrower be checked? Who will be the KYC partner? That's a good question. The identity of the borrower will be checked according to the common rules of going through KYC. did i correctly understand? all participants will have to do the procedure of KYC. And also specify, now KYC at what stage of implementation? You can become not only a PoS masternode, but also a KYC masternode. PoS masternode benefits from keeping money on the account. KYC masternode does the procedure of KYC for borrowers and gets interest from all loans issued to that borrower. Like in a simple example, KYC masternode can do KYC not by themselves but to function as a gateway between PayDayCoin and for example Civic.com |
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birds_ain (OP)
Newbie
Offline
Activity: 180
Merit: 0
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April 26, 2018, 03:23:31 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. |
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genesiscrypto
Newbie
Offline
Activity: 24
Merit: 0
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April 26, 2018, 04:45:50 PM |
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The project looks interesting. If a few questions clarify me a little, I will gladly join. Do I understand you correctly that you will provide banking services using Blockchain?
Hi capricorn121, thanks for your questions! Let me clear it up for you. We're creating the system that provides services similar to banking ones, but based on other principles: the profit from the loan doesn't go to the bank, but is distributed between the end user who issued the loan/ part of the loan, the KYC partner who verified the identity of the borrower and the Insurance blockchain which insured this transaction. Do you have more questions to ask? I'll be happy to answer them all How will the identity of the borrower be checked? Who will be the KYC partner? That's a good question. The identity of the borrower will be checked according to the common rules of going through KYC. did i correctly understand? all participants will have to do the procedure of KYC. And also specify, now KYC at what stage of implementation? You can become not only a PoS masternode, but also a KYC masternode. PoS masternode benefits from keeping money on the account. KYC masternode does the procedure of KYC for borrowers and gets interest from all loans issued to that borrower. Like in a simple example, KYC masternode can do KYC not by themselves but to function as a gateway between PayDayCoin and for example Civic.com So can you describe how it works? What should I do if I become a KYC masternode? |
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new_conquistador17
Newbie
Offline
Activity: 32
Merit: 0
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April 26, 2018, 05:02:38 PM |
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The project looks interesting. If a few questions clarify me a little, I will gladly join. Do I understand you correctly that you will provide banking services using Blockchain?
Hi capricorn121, thanks for your questions! Let me clear it up for you. We're creating the system that provides services similar to banking ones, but based on other principles: the profit from the loan doesn't go to the bank, but is distributed between the end user who issued the loan/ part of the loan, the KYC partner who verified the identity of the borrower and the Insurance blockchain which insured this transaction. Do you have more questions to ask? I'll be happy to answer them all How will the identity of the borrower be checked? Who will be the KYC partner? That's a good question. The identity of the borrower will be checked according to the common rules of going through KYC. did i correctly understand? all participants will have to do the procedure of KYC. And also specify, now KYC at what stage of implementation? You can become not only a PoS masternode, but also a KYC masternode. PoS masternode benefits from keeping money on the account. KYC masternode does the procedure of KYC for borrowers and gets interest from all loans issued to that borrower. Like in a simple example, KYC masternode can do KYC not by themselves but to function as a gateway between PayDayCoin and for example Civic.com So can you describe how it works? What should I do if I become a KYC masternode? Isn't that written in the whitepaper?? I think I heard this info somewhere.. |
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genesiscrypto
Newbie
Offline
Activity: 24
Merit: 0
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April 26, 2018, 05:26:12 PM |
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The project looks interesting. If a few questions clarify me a little, I will gladly join. Do I understand you correctly that you will provide banking services using Blockchain?
Hi capricorn121, thanks for your questions! Let me clear it up for you. We're creating the system that provides services similar to banking ones, but based on other principles: the profit from the loan doesn't go to the bank, but is distributed between the end user who issued the loan/ part of the loan, the KYC partner who verified the identity of the borrower and the Insurance blockchain which insured this transaction. Do you have more questions to ask? I'll be happy to answer them all How will the identity of the borrower be checked? Who will be the KYC partner? That's a good question. The identity of the borrower will be checked according to the common rules of going through KYC. did i correctly understand? all participants will have to do the procedure of KYC. And also specify, now KYC at what stage of implementation? You can become not only a PoS masternode, but also a KYC masternode. PoS masternode benefits from keeping money on the account. KYC masternode does the procedure of KYC for borrowers and gets interest from all loans issued to that borrower. Like in a simple example, KYC masternode can do KYC not by themselves but to function as a gateway between PayDayCoin and for example Civic.com So can you describe how it works? What should I do if I become a KYC masternode? Isn't that written in the whitepaper?? I think I heard this info somewhere.. Unfortunatelly it's not clear for me. I hoped somebody could explain the main principles. |
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bpcguy
Newbie
Offline
Activity: 56
Merit: 0
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April 26, 2018, 06:19:32 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? |
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nucriptobomb
Newbie
Offline
Activity: 33
Merit: 0
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April 26, 2018, 07:20:14 PM |
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Excellent. Do more often such small ads and interesting news That's a good update!! |
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genesiscrypto
Newbie
Offline
Activity: 24
Merit: 0
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April 26, 2018, 07:33:37 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. |
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nucriptobomb
Newbie
Offline
Activity: 33
Merit: 0
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April 26, 2018, 07:56:50 PM |
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WOOOW, more great news! I totally loovvve the project  |
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bpcguy
Newbie
Offline
Activity: 56
Merit: 0
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April 26, 2018, 09:15:02 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. Ah..thank you for the explanation. Now I got it Do you think will there be a lot of KYC masternodes? Who will risk by their own money? |
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new_conquistador17
Newbie
Offline
Activity: 32
Merit: 0
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April 26, 2018, 09:17:39 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. Ah..thank you for the explanation. Now I got it Do you think will there be a lot of KYC masternodes? Who will risk by their own money? Hey, guys! I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly |
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bpcguy
Newbie
Offline
Activity: 56
Merit: 0
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April 26, 2018, 09:20:43 PM |
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Is that good? If we can trade tokens on the exchange, why should anyone buy the node? |
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genesiscrypto
Newbie
Offline
Activity: 24
Merit: 0
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April 26, 2018, 09:23:41 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. Ah..thank you for the explanation. Now I got it Do you think will there be a lot of KYC masternodes? Who will risk by their own money? Hey, guys! I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP. |
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bpcguy
Newbie
Offline
Activity: 56
Merit: 0
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April 26, 2018, 09:27:38 PM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. Ah..thank you for the explanation. Now I got it Do you think will there be a lot of KYC masternodes? Who will risk by their own money? Hey, guys! I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP. now that makes sense  |
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Ofcifreak
Member
Offline
Activity: 105
Merit: 10
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April 27, 2018, 06:11:27 AM |
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WOOOW, more great news! I totally loovvve the project oh oh, how many emotions.  This is just the beginning. But it's already good. We are waiting for more updates |
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Kerandias
Newbie
Offline
Activity: 76
Merit: 0
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April 27, 2018, 06:14:02 AM |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. Ah..thank you for the explanation. Now I got it Do you think will there be a lot of KYC masternodes? Who will risk by their own money? Hey, guys! I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP. You are joyful :-\We can`t say that the risks won`t be great. In that project there are a lot of risks. So they can`t be called small. |
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