Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic... Mortgages are now a product of wealthy people, the technology in the market is archaic, and many solvent people have been left in the lurch by institutions reluctant to risk.
For this reason, the project I am going to present you is Block66, a new cryptocurrency project that is harnessing the power of blockchain technology and, consequently, reduces barriers to entry for small flexible lenders, streamlines origination and creates new opportunities for borrowers.
As I said, Block66 (B66) (https://block66.io/) is designed as a new kind of mortgage lending platform that leverages blockchain technology to increase transparency and streamline capital deployment. Block66 streamlines all mortgage software and the stack of operations. For brokers, a one-stop shop, which includes credit scores, property appraisals and matching lenders. For lenders of all sizes, a sustainable loan portfolio, an audit tool and a mortgage securitization platform. For borrowers, a quick and uncomplicated way to access the best credit opportunities.
The main objective of Block66 is to reorganize the landscape of mortgage loans through the creation of the first network of mortgage loans in the world enabled by a chain of blocks. Over time, the network will try to cross borders, connecting private and institutional lenders with borrowers around the world. All mortgages will be issued and administered in the blockchain.
The project gives the opportunity to earn Block66 tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bounty0x platform. Here https://beta.bounty0x.io/bounties/390286) you can access the link in order to see what are the conditions to become an early B66 contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://block66.io/themes/b66/assets/Block66_Whitepaper_English-update.pdf). You can also stay tuned in their official Telegram group (https://t.me/block66_Official). I hope you liked the post and soon I'll send you new ones.
The token is called B66. B66 is a limited offer token that when stored in a special intelligent contract generates the native token of the network - BNET, which is then sold through the platform to the users of the network.
PreICO Price: 1 B66 = 0.07 USD
Price in ICO: 1 B66 = 0.10 USD
Tokens for sale: 135,000,000
Date Stage Event Q1 2017 INCEPTION Block66 is conceived. Work begins on drafting the whitepaper and contact is made with some early advisors and team members. Q4 2017 WORK BEGINS Planning work begins on the Block66 platform. User journeys and operating flows are designed for the matching engine. Q2 2018 TOKEN GENERATION EVENT (TGE) TGE launch planned for end of June. Office build out begins. Wireframing and prototypes of platform produced. Q3 2018 DESIGN AND DISTRIBUTION PHASE Ramp up marketing and business development efforts. Form "Block66 Alliance" of customers. Move aggressively into product planning and design. Q4 2018 BUILD PHASE Alpha testing phase with first customers using the platform. First "Block66 Alliance" report. Q1 2019 RELEASE PHASE I MVP Launch, with first batch of on-chain loans funded and distributed via the network. Q3 2019 RELEASE PHASE II Loan tokenisation. Network users can trade on-chain securities on a fractional basis, with smart contracts ensuring that loan repayments are distributed to all token holders.
Email: [email protected]
Telegram username: @clauminghttps://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71