Hi all,
I have updated the post with a new idea called P2P lending platform.
I found some posts here whereby members lending crypto coins (Eg. bitcoin, ETH or USDT) to others and received payback with interest up to 0.1% per day, which is up to 3% per month. And they are many members need to lend the coins too.
Then I go and search, I found coinlend.org where it is a platform provide Auto Bot Lending service from exchange like Bitfinex or Poloniex.
I try to search a P2P platform project here but so far I didn't found any (please reply and tell me if you saw it here before)
So, forget about the BitcoinHouse, how about a P2P lending platform that allow lenders to lend their coins to others.
And borrowers which can get the coins instantly (with or without collateral), repay the interest later.
Interest and repayment period is set by lender with multiple options:
Example:
1) Min lending amount: 0.01BTC, Max lending amount 1BTC, Min repayment period: 3 days, Max repayment period, 30 days, Interest Rate: 0.1/day
2) Min lending amount: 0.1ETH, Max lending amount 10ETH, Min repayment period: 10 days, Max repayment period, 60 days, Interest Rate: 0.08/day
Both lenders and borrowers can post the advertisements and accept the offers.
Like what forum suggested and what I think of, I think in order to get people to use the platform, it must be can protect the lenders and borrowers.
For lenders:
1) To protect lender coins (so collateral may become necessary or a MUST), and it must be sufficient enough to cover the coin value.
2) Platform WILL NOT hold all lender's coin, this is to avoid wallets that stored in the server being hacked by somebody and all coins gone.
3) Automate the lending process, once any borrowers interested to loan from you, the system will notify you by email. You just need to click login to our system and check for the offer, then proceed to transfer the coins to the borrower.
4) All lending history will be stored and the if same borrower would like to loan again, he/she can direct make offer to you.
For borrowers:
1) No KYC is required, but you will need to have some coins for collateral purpose.
2) Your free to choose the lowest interest rate lender's offer.
3) If you pay the repayment on time, you will get good rating and you will get lower interest rate than others.
For security purpose, email sent to both lender & borrower will have a secret phase (could be a text or a photo and it will be changed every 3-6 months). So when you receive an email pretending as us but it doen't show the secret phase or invalid secret phase, please do not click any link in the email or login or transfer any coins!!!
This platform act like a marketplace where lenders and borrowers can post the advertisement about lending/loan of the crypto currency Eg. Bitcoin. Registration is required of course in order to post the advertisement, as it is a totally NEW platform, then profile filtering is very IMPORTANT. So at the very beginning, I will manually verify and approve the registration and every advertisement to avoid SPAM.
Members from Bitcointalk forum will be given higher and quicker priority for verification. And those already have transactions here it will give more trust to my new platform.
Any other suggestion?
