new platform

[REDice]

I will launch a new platform, based on tokens. If  no token, no transaction. For example: if you borrow money and you have a token, you can borrow based on the token you hold. I will also put up a website, all transactions will go through the website KYC. I will also put a gateway payment. i will add another service. IN TERMS you need MONEY you can approach someone. . . you can comment or suggest. thanks;)

[Apocollapse]

There's nothing new with your service, there are many big centralized exchanges have this service. The requirement is same, liquid collateral e.g. crypto or fiat and completing KYC.

I will not talk about the interest rate and how much you can lend, but I don't think someone can easily trust a new site without any reputation.

Sometime I feel asking a loan when we already have crypto is pointless because we can sell it immediately and convert it to cash.

[REDice]

There's nothing new with your service, there are many big centralized exchanges have this service. The requirement is same, liquid collateral e.g. crypto or fiat and completing KYC.

I will not talk about the interest rate and how much you can lend, but I don't think someone can easily trust a new site without any reputation.

Sometime I feel asking a loan when we already have crypto is pointless because we can sell it immediately and convert it to cash.

its depend the value of token you hold. if the value of token $0.03 token then you have 1000 token $30 1 week term then you return $33. the interest is 10%

[JeromeTash]

The lenders in the lending board literally do it even much better. They are trusted members who lend out money if you have valid collateral, and they don't even ask for KYC.
Some trusted community members even get small no collateral loans, again, without KYC.

How sure are we that you won't scam off the users of their collateral, since your service is still new?
How sure are we that you are not going to sell sensitive user KYC date on the dark web?

[REDice]

The lenders in the lending board literally do it even much better. They are trusted members who lend out money if you have valid collateral, and they don't even ask for KYC.
Some trusted community members even get small no collateral loans, again, without KYC.

How sure are we that you won't scam off the users of their collateral, since your service is still new?
How sure are we that you are not going to sell sensitive user KYC date on the dark web?

may be i wont strict of my site because they have already collateral;)

[JeromeTash]

may be i wont strict of my site because they have already collateral;)

Trust is a two way thing.

How sure will your customers be that you won't just disappear with their collateral?
I mean, collateral is always bigger than the amount loaned, right? Just in case.