Would you borrow or lend in MaxiCredit?

[maxitdev]

We are developing our project MaxiCredit.
https://www.maxicreditcompany.com

Please read our White paper.
https://www.maxicreditcompany.com/whitepaper.pdf

Would you borrow or lend in a platform like ours?

[mrdeposit]

I guess there should be something different than a collateral to get a loan. I have no idea what this might be. Becuase, why should I get loan, if I have enough money as a collateral?

[jossiel]

Why should I? though I'm not really a person that take loans but if you can answer why should people take loans on your platform, you might give some ideas and interesting thoughts that people shouldn't missed your platform.

I guess there should be something different than a collateral to get a loan. I have no idea what this might be. Becuase, why should I get loan, if I have enough money as a collateral?

That's just another type of loan, with collateral, the other is no collateral and the risk will be taken by the lender.

[maxitdev]

We are building a credit score system. So lenders can decide how much risk they want to take. If somebody pays back his/her loan properly his/her credit score will rise, otherwise fall. So everyone can know who is an honest borrower, people with a high credit score can get more money with a low-interest rate.
Therefore borrowing a smaller amount won't need collateral.

[bali83]

How want you handle price fluctuation?

[maxitdev]

We develop a custom cryptocurrency, called Maxit.
It has built-in mechanisms that limit daily price volatility in +/-2% with setting the money supply and 70% of the funds collected in ICO will be used as a reserve.

You can read more in our White paper:
https://www.maxicreditcompany.com/whitepaper.pdf

[coinplus]

I would only be comfortable borrowing in maxi credit if this coin is a stable coin because we don't know what can be the future of the coin, it might become a 50/50 chance which is a risk I might not want to take. Imagine I borrowed one coin when the coin was worth $100 and to pay back in 6 months, then in 6 months the price of the coin becomes $1000, you know it would be a very great loss to me but a great gain to the lender of the coin and vice versa.