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Topic: [ANN] [ICO] DEBITUM NETWORK - Borderless SME business funding ecosystem - page 85. (Read 58881 times)

full member
Activity: 168
Merit: 100
There are going to be 3 parties participating: borrower, investor and service provider. Aren't you afraid that after some time there will be no newcomers and platform wont be used anymore.
member
Activity: 126
Merit: 10
Hello. Tell me, please, what will affect distribution of creditors and borrowers in the ratings? And how much will the rating affect the ability to lend or borrow?

The rating depends on the objective calculations and feedback based on historic activity on the ecosystem.
From our financing experience if the rating is higher, it is easier or cheaper to lend/borrow as community members trust you more. Also for other service provisers it's easier to get service requests for better price.
full member
Activity: 294
Merit: 100
Hello. Tell me, please, what will affect distribution of creditors and borrowers in the ratings? And how much will the rating affect the ability to lend or borrow?
member
Activity: 224
Merit: 10
Hello community! I can see that your project wants to dislodge traditional banks from the debt market for business?)) It’s an ambitious task, although nothing is impossible, given the speed of development of the blockchain.
Hello! The project doesn’t have a task, to “dislodge” anyone from the market, A more convenient alternative to the traditional system is created. There’re benefits in terms of finance, technology, speed, convenience, etc.

I’ve already noticed this) But does the banking system want to let such a "rival" enter the game? 
It’s unlikely! But there is nothing to do with it, everything is legal and promising, so it will be in demand
It seems you’re right! If the convenience and benefits of service are better than traditional ones, the banks themselves may want to take part in this alternative and become very large players in the market. How What you think this will give to Debitum?

I think that this will lead to explosive growth in development and prospects at least.
member
Activity: 205
Merit: 10
Hello community! I can see that your project wants to dislodge traditional banks from the debt market for business?)) It’s an ambitious task, although nothing is impossible, given the speed of development of the blockchain.
Hello! The project doesn’t have a task, to “dislodge” anyone from the market, A more convenient alternative to the traditional system is created. There’re benefits in terms of finance, technology, speed, convenience, etc.

I’ve already noticed this) But does the banking system want to let such a "rival" enter the game? 
It’s unlikely! But there is nothing to do with it, everything is legal and promising, so it will be in demand
It seems you’re right! If the convenience and benefits of service are better than traditional ones, the banks themselves may want to take part in this alternative and become very large players in the market. How What you think this will give to Debitum?
full member
Activity: 406
Merit: 100
Hello community! I can see that your project wants to dislodge traditional banks from the debt market for business?)) It’s an ambitious task, although nothing is impossible, given the speed of development of the blockchain.
Hello! The project doesn’t have a task, to “dislodge” anyone from the market, A more convenient alternative to the traditional system is created. There’re benefits in terms of finance, technology, speed, convenience, etc.

I’ve already noticed this) But does the banking system want to let such a "rival" enter the game? 
It’s unlikely! But there is nothing to do with it, everything is legal and promising, so it will be in demand
member
Activity: 205
Merit: 10
Hello community! I can see that your project wants to dislodge traditional banks from the debt market for business?)) It’s an ambitious task, although nothing is impossible, given the speed of development of the blockchain.
Hello! The project doesn’t have a task, to “dislodge” anyone from the market, A more convenient alternative to the traditional system is created. There’re benefits in terms of finance, technology, speed, convenience, etc.

I’ve already noticed this) But does the banking system want to let such a "rival" enter the game? 
member
Activity: 224
Merit: 10
Hello community! I can see that your project wants to dislodge traditional banks from the debt market for business?)) It’s an ambitious task, although nothing is impossible, given the speed of development of the blockchain.
Hello! The project doesn’t have a task, to “dislodge” anyone from the market, A more convenient alternative to the traditional system is created. There’re benefits in terms of finance, technology, speed, convenience, etc.
member
Activity: 205
Merit: 10
Hello community! I can see that your project wants to dislodge traditional banks from the debt market for business?)) It’s an ambitious task, although nothing is impossible, given the speed of development of the blockchain.
member
Activity: 126
Merit: 10
Is there a bankruptcy proceeding for borrowers? I just haven’t found any information about this in the project description, but I’d like to know more details if such a procedure does exist on the platform, of course.


One of things debt collector can do is start legal action based on local regulations, including, bankruptcy procedure, asset liquidation procedure and similar.
member
Activity: 126
Merit: 10
Hello everybody. I’m interested in the point of non-repayment of the loan. Does anyone know how developers are planning to link the punishment and legal norms?

We will have a special member in the ecosystem - debt collector who is meant exactly for this. As debt cannot be automatically recovered on blockchain, this debt collector actor will do all non-blockchain activities needed, and will ensure max collection of outstanding debt.
Another option against bad debts will be possibility to insure the investment / loan taken. In that case all or part of investment (based on insurance terms) will be repaid in case of bad debt.
member
Activity: 406
Merit: 31
Is there a bankruptcy proceeding for borrowers? I just haven’t found any information about this in the project description, but I’d like to know more details if such a procedure does exist on the platform, of course.

full member
Activity: 336
Merit: 100
Hello everybody. I’m interested in the point of non-repayment of the loan. Does anyone know how developers are planning to link the punishment and legal norms?
member
Activity: 126
Merit: 10
We have been featured in Crypto Lark video review. Most important details of our project explained. Please watch:
https://www.youtube.com/watch?v=VVOwjKSth3U
member
Activity: 126
Merit: 10
How would you rate (in%, $, or any currency) the benefit of using this lending service comparing to the usual banking system? Let’s take Europe as an example. So how much is it profitable to lend money exactly in the way proposed, than to take a loan from a bank?
Hi, first of all traditional banking institutions simply do not work with the SME segment leaving potential customers unserved. There are p2p platforms in this industry which charge quite high 3-4% transfer fees for their services. In Debitum Network ecosystem we will charge up to 1% and make financing services way more accessible and attractive to SMEs.
full member
Activity: 252
Merit: 100
How would you rate (in%, $, or any currency) the benefit of using this lending service comparing to the usual banking system? Let’s take Europe as an example. So how much is it profitable to lend money exactly in the way proposed, than to take a loan from a bank?
full member
Activity: 364
Merit: 100
Good day, all the readers of the forum! Can someone tell us about the blockchain services and projects that developers of the project are planning to establish a mutually beneficial cooperation with?
member
Activity: 126
Merit: 10
Good afternoon. Will I need any specialized skills in order to create a community within your platform?
In order to our platform be user friendly we will put emphasis to usability and enhanced customer experience.
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