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Topic: [ANN] [PRE-ICO] 🔺RAD Lending🔺Credit Solutions for the Crypto Economy - page 9. (Read 977 times)

newbie
Activity: 168
Merit: 0
The credit cards part is what has piqued my attention. It seems like every project I've seen talking about them never actually come out with them. As a layman, can you explain why everyone seems to have such a difficulty with what seems like a simple thing to me?

The catch is that you can not issue a credit card on the blockchain. You need to partner with a traditional financial institution, that will do the due diligence on your company and project. Most of the traditional finances are very cautious when dealing with crypto these days. In my opinion, it is not because they want to preserve the status quo, but mostly because crypto doesn't want to be compliant and it is just too much risk for an established business to deal with crypto companies. Many potential partners of that kind did fall through.
We found that it is much easier to find established partners when you are doing things right organizationally from the very beginning.

newbie
Activity: 168
Merit: 0
so many projects related to lending now. Tell me, what is your advantage over the others? What makes you different? are there any conditions for loans?
Our major advantages are:
1) Transparent token economy and structure. Since we are security token from the very beginning, we do not need to play this wording games of "Do not talk about the fight club, just invest". We clearly state in our offering documents that we will share 100% of company profits among tokenholders and the clear motive for investing is to get a share of future profits.
2) We understand traditional financial products and know how to adapt them to the crypto market. We envision a series of credit products including a real credit card with a credit limit. This is something that nobody has done in crypto before. Our credit card with a grace period is brilliant and can be a lifesaver for the crypto investor.
3) We have plans (though not in the first development stage) to develop a decentralized cross-blockchain escrow that (if successful) will allow us to securely and with full decentralization tokenize crypto assets on any blockchain and put them on Ethereum network to securely manage crypto collaterals. This is really groundbreaking (but very challenging).


That's an interesting approach. What is the main thing people wish to avoid when it comes to being regulated as a security?

When it is not a security - you are pretty much out of the legal field. Basically, you can do almost whatever strikes your fancy with the funds. I know, there are a whole bunch of smart contract tools to avoid that, but considering that a huge amount of ICO proceeds are in bitcoin - it is more or less up the founding team what to do with your investment.
When a security, you can not do a lot of things (most of them are bad for investors anyway). Investors have a legal protection. On the downside - your advertising and marketing are limited too. For example, managing a bounty campaign would be a pain. Reaching out to McAffee and pay him for a twit would be a major headache too. So honestly, you can not do any dirty ICO marketing tricks (or let's say you will need to avoid the most effective ICO marketing tools).

jr. member
Activity: 182
Merit: 1
so many projects related to lending now. Tell me, what is your advantage over the others? What makes you different? are there any conditions for loans?
Our major advantages are:
1) Transparent token economy and structure. Since we are security token from the very beginning, we do not need to play this wording games of "Do not talk about the fight club, just invest". We clearly state in our offering documents that we will share 100% of company profits among tokenholders and the clear motive for investing is to get a share of future profits.
2) We understand traditional financial products and know how to adapt them to the crypto market. We envision a series of credit products including a real credit card with a credit limit. This is something that nobody has done in crypto before. Our credit card with a grace period is brilliant and can be a lifesaver for the crypto investor.
3) We have plans (though not in the first development stage) to develop a decentralized cross-blockchain escrow that (if successful) will allow us to securely and with full decentralization tokenize crypto assets on any blockchain and put them on Ethereum network to securely manage crypto collaterals. This is really groundbreaking (but very challenging).


That's an interesting approach. What is the main thing people wish to avoid when it comes to being regulated as a security?
newbie
Activity: 168
Merit: 0
so many projects related to lending now. Tell me, what is your advantage over the others? What makes you different? are there any conditions for loans?
Our major advantages are:
1) Transparent token economy and structure. Since we are security token from the very beginning, we do not need to play this wording games of "Do not talk about the fight club, just invest". We clearly state in our offering documents that we will share 100% of company profits among tokenholders and the clear motive for investing is to get a share of future profits.
2) We understand traditional financial products and know how to adapt them to the crypto market. We envision a series of credit products including a real credit card with a credit limit. This is something that nobody has done in crypto before. Our credit card with a grace period is brilliant and can be a lifesaver for the crypto investor.
3) We have plans (though not in the first development stage) to develop a decentralized cross-blockchain escrow that (if successful) will allow us to securely and with full decentralization tokenize crypto assets on any blockchain and put them on Ethereum network to securely manage crypto collaterals. This is really groundbreaking (but very challenging).
sr. member
Activity: 756
Merit: 250
Does RAD Lending have any major competitors? If so, who and how do you plan to differentiate your product?
sr. member
Activity: 770
Merit: 250
Has your team been to any blockchain conferences?
member
Activity: 234
Merit: 10
I am very happy to finally find a security token that I can legally invest in. I agree that many projects loosely use the term "utility." I think this project has a lot of value and the team appears to be very knowledgeable and up-front. I believe this project could be extremely profitable and useful.  I really like the idea of lending, which could be profitable for lenders and helpful for borrowers.
newbie
Activity: 168
Merit: 0
Since this is a US compliant ICO, I can safely assume your tokens will be utility based right?
It looks like you are confusing two concepts - utility token and a security token. Utility token has some, well, utility. It is something that you should be able to use on the platform once it is built. By definition, it can not be an investment and cannot promise future profits, any resale value, or increase in price. It can only promise you that you will be able to use it once/if the platform for that token is ready.
The problem is that so many ICO's loosely use the term "utility token" for their tokens and advertise them as an actual investment, which is untrue and illegal.

A security token is an investment vehicle. It comes with an additional burden for the company - there are lots of restrictions how you can advertise, market and issue security tokens. You also need to ID verify and do full KYC on all your investors. The pros of this approach is that you can actually distribute profits, and do other things that are expected from an investment. Also, investors are legally protected - so no "over and outs", or pump and dump are possible with regulated security tokens.

Our RAD Token is a security token. We have done a lot to make it right from the beginning, and hope that investors will appreciate the added protection of a legal token.
newbie
Activity: 168
Merit: 0
This looks like a great idea. Will you guys be assigning a sort of credit score using held crypto assets?
Great question. For the first stage, we will use crypto assets as a collateral. No need for a credit score at this stage. Next stage - we collect the data on user spending, transactions and tune our credit scoring model to further expand to non-secured loans and cards.
member
Activity: 392
Merit: 10
The credit cards part is what has piqued my attention. It seems like every project I've seen talking about them never actually come out with them. As a layman, can you explain why everyone seems to have such a difficulty with what seems like a simple thing to me?
jr. member
Activity: 140
Merit: 3
ViValid - Every item has a story
so many projects related to lending now. Tell me, what is your advantage over the others? What makes you different? are there any conditions for loans?
full member
Activity: 588
Merit: 100
Since this is a US compliant ICO, I can safely assume your tokens will be utility based right?
full member
Activity: 644
Merit: 101
This looks like a great idea. Will you guys be assigning a sort of credit score using held crypto assets?
newbie
Activity: 168
Merit: 0
Hello everyone! Just a quick note to the investors that are whitelisting on our platform - please use your legal name in registration. Otherwise, you will be failing on the ID verification stage. Our verification tools need to match your selfie, your ID and the information you provided about yourself to perform verification. 
Good luck and stay tuned!
newbie
Activity: 168
Merit: 0
Remember our HODL survey?
Real opinions of real participants - learn about today's crypto usage habits from more than 130 cryptocurrency users' responses!

https://i.imgur.com/7E5zZCal.png
newbie
Activity: 168
Merit: 0
Hi everyone! Just added the Entry Money ICO to my website   https://findico.io/ico/rad-rad   Findico.io is a leading cryptocurrency and ICOs portal. Whether you are already involved with ICO or other cryptocurrencies or just want to get into it, Findico.io is a resource to keep updated. ICO rating platform supported by investors and financial experts and users. Findico.io mission is to make it easy for users to find the best ICOs to join. We strive to provide useful and transparent information on ICOs, helping users find projects that have a great potential for success. We also offer a whitelabel platform for ICO projects (Wallet, tokensale system, smart contract, audit and etc) to present themselves to potential users. We have steadily increased the quantity and the quality of information required from ICO projects and we will continue to do so to help this new industry flourish.

Thanks for the entry and the message! We appreciate it, also, you guys seem to have a well-designed site there! Keep it up, and let us know if you have any further questions.
newbie
Activity: 168
Merit: 0
Consensus 2018 is coming in 4 days,
and we have a special gift for you if you're interested in this event!
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Hope to see you there!

newbie
Activity: 168
Merit: 0
Register to our second Roadshow Event in Budapest and discuss Blockchain technology challenges with our CTO and Architect, Mikhail Nikulin. See you there!

You can find the Facebook event here for more informations.

https://i.imgur.com/79vLMcBl.png
legendary
Activity: 1043
Merit: 1032
★Bitcoin Gambling Reviews★
"Ignore the noise, focus on core pillars of business, be compliant."

Thanks for the accurate and comprehensive interview on Bitcoin Millionaire! We can't emphasize these essential and fundamental thoughts enough about RAD Lending and beyond.




Awesome interview Wink
brand new
Activity: 0
Merit: 0
I will refer some people to follow this project and I really support this project because it can be seen from its development very well and hopefully many like this project and good luck
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