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Topic: 🔶 [ANN] Block66 - The Future of Mortgages on the Blockchain 🔶 (Read 579 times)

member
Activity: 176
Merit: 12
The team has a vision to be involved with every single real estate blockchain purchase. It's a big goal, with a team ready to do it.

Team is both hungry and capable!
member
Activity: 176
Merit: 12
Block66 is shaking up the mortgage industry by providing a fully transparent and comprehensive lending experience.

The upcoming network is a matchmaker connecting borrowers with lenders. No longer will prospective homeowners be solely reliant upon local banks and credit unions.

The mortgage industry has been ripe for disruption for years. After all, there’s been very little change in the industry for years, even with the financial crisis a decade ago. However, that’s set to change with the Block66 a project that is currently in its ICO phase.

Learn more by reading ICOshock's overview of the project here: https://icoshock.com/block66-ico/

Thanks guys! Awesome overview.
copper member
Activity: 56
Merit: 0
The team has a vision to be involved with every single real estate blockchain purchase. It's a big goal, with a team ready to do it.
jr. member
Activity: 133
Merit: 1
ICO Analysis: Block66
Published on September 16, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-block66/

Team
CEO John Markham: Markham is a mortgage agent at Mortgage Intelligence, a mortgage broker company located in Ontario, Canada.
Vishal Karangutkar: Prior to joining Block66 as a solidity developer, Karanguthar has worked as a principal engineer at Fidelity Investments and as a senior system engineer at Merrill Lynch.

Advisors

Shingo Lavine: Lavine is the founder and CEO at Ethos.
Hakim Thompson: Thompson was the vice-president at Goldman Sachs’ Mortgages & Structured Products division before joining Behalf, an alternative financial provider for small to medium-sized businesses, as the director of finance.
Rob Beswick: Beswick is the chief commercial officer at Virgin Mobile.
Maurice Herlihy: Herlihy is a professor of computer science at Brown University and an advisor to Ethos and Algorand.

Partners

Bounty0x: Bounty0x is a blockchain platform built on the 0x protocol, allowing people and companies to run bounty programs.
Civic: Civic is a blockchain project which creates tools for identity protection and control.

Verdict
Below is a breakdown of the risks and growth potential of Block66.

Risks
    MVP will be launched Q1’ 2019. (-1.5)
    Cryptocurrencies’ volatility is quite a big problem for lending platforms. (-1.5)

Growth Potential

    Due to the money lending market’s unrealistic standards and unfair restrictions, so many people’s demands are rejected. Once projects like Block66 earn these people’s trust, this area will be definitely a hot one. (+2)
    The presence of team members experienced in mortgage and real estate markets. (+2)
    Fair token metrics. (+2)

Disposition

The mortgage market is one of the biggest financial markets in the world, but due to institutional lenders’ risk-averseness, many credible people and small companies are not able to get a loan even if there are smaller institutions and private lenders out there willing to make loans. Block66 is the first mortgage-focused lending and borrowing cryptocurrency project, aiming to break down this wall between these two sides. Although it is pretty much established between the cryptocurrency community that lending platforms provide an important use-case, the expected success is not met so far. Block66 has a fair shot at relative success by having team members experienced in mortgage loans and real estate. Yet, since MVP will not be released until next year, it is too early to tell. Block66 receives a 3/10.

Investment Details

    Type: ERC20 – Utility
    Symbol: B66
    Platform: Ethereum
    Crowdsale: Unspecified
    Minimum Investment: Unspecified
    Price: $0.10
    Hard Cap: $12,285,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified
newbie
Activity: 24
Merit: 0
Block66 is shaking up the mortgage industry by providing a fully transparent and comprehensive lending experience.

The upcoming network is a matchmaker connecting borrowers with lenders. No longer will prospective homeowners be solely reliant upon local banks and credit unions.

The mortgage industry has been ripe for disruption for years. After all, there’s been very little change in the industry for years, even with the financial crisis a decade ago. However, that’s set to change with the Block66 a project that is currently in its ICO phase.

Learn more by reading ICOshock's overview of the project here: https://icoshock.com/block66-ico/
newbie
Activity: 75
Merit: 0
One of the most promising and successful projects to date! I advise everyone to join and keep track of developments!
member
Activity: 176
Merit: 12
full member
Activity: 378
Merit: 100
The team has a vision to be involved with every single real estate blockchain purchase. It's a big goal, with a team ready to do it.
The very idea of such a project also seemed very interesting to me, and I think this idea is quite possible to implement.After all, the platform simplifies the workflow of mortgage software and all related operations.Personally, the team and its idea inspires confidence in me, so I will monitor the development of the platform.
wgd
legendary
Activity: 1815
Merit: 1005
what is the guarantee of the return of such a loan, when the crypto in many countries is unregulated. knows someone loan project that has achieved a significant success hmm, I remember that there were several of them  Cool
copper member
Activity: 196
Merit: 0
Solid team, experience with Habito, a 200 million pound valued company in the UK. The product is being built by developers with experience building products for Lloyd's of London.
copper member
Activity: 140
Merit: 0
The team is filled with people from the mortgage industry, people who have successfully exited FinTech companies, and people with prior crypto experience. This project is a shoe-in in my opinion.
member
Activity: 181
Merit: 10
the project with the concept that is very good for the block66 project
plus the bounty program has been bounty in this way, I am sure that the development of this project network will quickly develop
full member
Activity: 518
Merit: 101
what is the interest rate in the loan period, because what I see about loan companies, interest rates are very burdensome to borrowers
jr. member
Activity: 294
Merit: 1
even though, according to the pressures of many people, this will be one of the highest interested projects, but giving loans to institutions and the private sector has different levels of risk, seeing from the solutions that this project thinks, that does not mean it can be the best solution, so I hope, this project has a sophisticated and accountable audit system
member
Activity: 130
Merit: 10
Teamwork here is very good to be involved with every blockchain purchase on this project has a very big goal to.
copper member
Activity: 140
Merit: 0
I like Block66 because yes, it's cool that you can buy a house with crypto through its competitors, but in reality - Block66 is a platform that people can and will actually use.
copper member
Activity: 98
Merit: 0
Genial idea, tokenizing mortgages and facilitating the purchase of real estate for the everyday person with blockchain.
newbie
Activity: 98
Merit: 0
The product is being built by developers with experience building products for Lloyd's of London. The team has a vision to be involved with every single real estate blockchain purchase. It's a big goal, with a team ready to do it.
newbie
Activity: 98
Merit: 0
Habito, a 200 million pound valued company in the UK. The product is being built by developers with experience building products for Lloyd's of London

By utilizing blockchain technology, the Block66 platform offers mortgage loans. this technology is used to increase transparency, streamline the distribution of capital and overcome geographical loan restrictions
member
Activity: 224
Merit: 10
Does this token apply to investors worldwide or only to investors in certain countries?
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