[ANN][PREICO] 🚀 🅱onum - Global backed loans and deposits on blockchain 🚀 - page 26.

LightFork

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Activity: 364

Merit: 10

Quote from: SixFigures on February 03, 2018, 08:16:29 AM

Quote from: LightFork on February 03, 2018, 08:13:07 AM

Quote from: Pay4youractivity on February 03, 2018, 08:00:29 AM

Recently, the crypto currency market has lost 350 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers.

I'm not a developer, but I will express my opinion. If the issuance of loans was unbalanced, then this could lead to a complete collapse. But with a proper balancing of the loan portfolio, the external impacts of the market are practically not perceptible.

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

Unattractive to which other competitive offers? There are banks that give loans without collateral. But there to get a loan will have to go through a lot of procedures plus it will take a long time. What other options are there? I do not know where else you can take a loan without collateral and quickly except as in similar services.

Holopopstyir

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Activity: 350

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Quote from: CanvinGale on February 03, 2018, 06:10:26 AM

Quote from: Holopopstyir on February 02, 2018, 04:26:51 PM

The sale is automatic on the exchange? On what exchange you are targeting in prices?

Certainly automatic. If everything is done manually, the price may fall below the collateral value

The price may fall below the collateral value even with automatic sale. That is why you must choose the exchange with the greatest liquidity.

Pay4youractivity

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Activity: 336

Merit: 10

Quote from: CanvinGale on February 04, 2018, 05:20:45 AM

Quote from: MikePerry on February 04, 2018, 04:59:19 AM

This can already be considered a high level. Look, it turns out that when you want to borrow a million dollars, you have to give $ 1,300,000 as collateral. This is a large amount.

Theoretically, the price of the asset can not fall to zero, so you can take a deposit not for the entire loan amount. What do you think about this?

What will you rely on when the collateral price becomes less than the price of the loan? On the responsibility of the borrower?

CanvinGale

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Activity: 224

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Quote from: MikePerry on February 04, 2018, 04:59:19 AM

This can already be considered a high level. Look, it turns out that when you want to borrow a million dollars, you have to give $ 1,300,000 as collateral. This is a large amount.

Theoretically, the price of the asset can not fall to zero, so you can take a deposit not for the entire loan amount. What do you think about this?

Sartrute

full member

Activity: 522

Merit: 101

Quote from: Pay4youractivity on January 25, 2018, 01:58:30 PM

Quote from: SirgulioB on January 24, 2018, 04:47:32 AM

But bank lending is good because it does not require collateral.

Really? And what about the mortgage?

Good point. The bank gives large sums only on bail. A payment system remains unchanged - regular payments instead of a one-time payment.

MikePerry

member

Activity: 294

Merit: 10

Quote from: AleXcreig on February 04, 2018, 04:46:45 AM

Quote from: SixFigures on February 03, 2018, 08:16:29 AM

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

What level of collateral do you consider to be high? Usually the price of an asset in a collateral is estimated at a discount of 30%.

This can already be considered a high level. Look, it turns out that when you want to borrow a million dollars, you have to give $ 1,300,000 as collateral. This is a large amount.

AleXcreig

jr. member

Activity: 313

Merit: 1

Quote from: SixFigures on February 03, 2018, 08:16:29 AM

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

What level of collateral do you consider to be high? Usually the price of an asset in a collateral is estimated at a discount of 30%.

SirgulioB

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Radix-The Decentralized Finance Protocol

Quote from: Bonum on January 24, 2018, 07:30:45 AM

Quote from: SirgulioB on January 24, 2018, 04:47:32 AM

But bank lending is good because it does not require collateral.

Can you go in bank and pledge your crypto?

Why should I do this if they give a loan without collateral?

LuckyNicky

member

Activity: 252

Merit: 10

Quote from: Holopopstyir on February 03, 2018, 09:11:27 AM

Quote from: Whitethoughts on February 03, 2018, 08:36:44 AM

And if we just sell the collateral when the price approaches the critical indicators?

This is not always possible since sometimes the price changes very sharply. Especially it concerns large sums - how fast can you sell it?

I do not think it's easy to sell an asset for several million dollars in a falling market without a significant loss in price.

KateMoss

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Activity: 320

Merit: 10

Quote from: Pay4youractivity on February 03, 2018, 08:00:29 AM

Recently, the crypto currency market has lost 350 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers.

In theory, if all assets are distributed in different directions in debt, then the price changes on them do not affect the platform in any way.

Boristhecat

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Activity: 756

Merit: 629

Quote from: Holopopstyir on January 24, 2018, 05:53:19 AM

Quote from: Boristhecat on January 24, 2018, 03:44:22 AM

I do not agree. When you paid a part, you already do not dispose of it and it does not bring you a profit. Disposing the entire amount until the end of the loan period, you would have the opportunity to earn more.

If you have a business, then yes. But you missed my argument about discipline.

For me this is not an argument, sorry. Financial planning is so elementary that it is not a subject of discussion in serious matters.

Holopopstyir

member

Activity: 350

Merit: 11

Quote from: Whitethoughts on February 03, 2018, 08:36:44 AM

Quote from: SixFigures on February 03, 2018, 08:16:29 AM

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

And if we just sell the collateral when the price approaches the critical indicators?

This is not always possible since sometimes the price changes very sharply. Especially it concerns large sums - how fast can you sell it?

Whitethoughts

member

Activity: 336

Merit: 10

Revolutionising Marketing and Loyalty

Quote from: SixFigures on February 03, 2018, 08:16:29 AM

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

And if we just sell the collateral when the price approaches the critical indicators?

SixFigures

sr. member

Activity: 798

Merit: 252

Quote from: LightFork on February 03, 2018, 08:13:07 AM

Quote from: Pay4youractivity on February 03, 2018, 08:00:29 AM

Recently, the crypto currency market has lost 350 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers.

I'm not a developer, but I will express my opinion. If the issuance of loans was unbalanced, then this could lead to a complete collapse. But with a proper balancing of the loan portfolio, the external impacts of the market are practically not perceptible.

If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Whitethoughts on January 24, 2018, 07:40:54 AM

Quote from: Bonum on January 23, 2018, 08:59:25 AM

Quote from: Zeppelins on January 22, 2018, 07:43:29 AM

Is the bounty campaign planned? I could not find information about this?

Bounty

https://bitcointalksearch.org/topic/600k-pre-sale-airdrop-bonum-global-backed-loans-and-deposits-2433961

Nice stakes fo social media part! I'll take part in campaign on such terms.

I hope that the issue of the campaign will also be clarified. I already participate in the campaign bounty, but it will not be held for long.

LightFork

member

Activity: 364

Merit: 10

Quote from: Pay4youractivity on February 03, 2018, 08:00:29 AM

Recently, the crypto currency market has lost 350 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers.

I'm not a developer, but I will express my opinion. If the issuance of loans was unbalanced, then this could lead to a complete collapse. But with a proper balancing of the loan portfolio, the external impacts of the market are practically not perceptible.

Pay4youractivity

member

Activity: 336

Merit: 10

Recently, the crypto currency market has lost 350 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers.

MikePerry

member

Activity: 294

Merit: 10

Quote

Q1 2018
Launch of the beta version of the platform, issuing the first loan, conducting Pre-ICO

Developers have already decided when they will release the beta version?

AleXcreig

jr. member

Activity: 313

Merit: 1

Quote from: KateMoss on February 03, 2018, 05:42:45 AM

Quote from: AleXcreig on February 02, 2018, 01:06:11 PM

Quote from: KateMoss on February 02, 2018, 10:40:57 AM

Is there any news about the signature campaign?

Do you want to take part in the most profitable part of the bounty campaign or how an investor is interested in the correctness of marketing the project?

For the time being, I'm only interested as a bounty hunter. If there are other possibilities, then I'll think about them.

Yes, if you invest a small amount, the safest thing is to first take part in the bounty campaign and watch it. Then it becomes clear whether to participate.

Sartrute

full member

Activity: 522

Merit: 101

Quote from: SirgulioB on January 24, 2018, 04:47:32 AM

Quote from: Pay4youractivity on January 24, 2018, 04:26:29 AM

It is good that lending in the crypt develops in a fair direction.

But bank lending is good because it does not require collateral.

In the bank, a pledge is the possibility of filing a lawsuit to take away all your property necessary to cover the debt.

Topic: [ANN][PREICO] 🚀 🅱onum - Global backed loans and deposits on blockchain 🚀 - page 26. (Read 14338 times)