et's look at the history of one of the most popular cryptocurrency - bitcoin. Based on the history of the change in the value of the most popular criterion, we can conclude that this is one of the most volatile assets, which has a general stable growth in price, and since it is the most capitalized, this dynamics reflects the state of the entire crypto-currency market as a whole. For people who assess their portfolio in relation to a fiat such as the Dollar or the Euro, this means that the assessment of their portfolio can be constantly changing during any period of time, both to the large and smaller side. All this led to the fact that using the majority of crypto currency as a payment instrument was not profitable. And they began to have a character - more promising investment tools, which in turn looks very attractive for use as collateral.
Problem or Opportunity
NEO Finance is a modern decentralized financial lending system based on the use of smart contract technologies. We took into account the weaknesses of the classic p2p lending models, and released a truly innovative product for the interaction of borrowers and creditors from around the world.
Solution (product or service)
NEO Finance is a decentralized platform that takes into account the weaknesses of classic P2P credit models, which will create a stable and secure system for crediting users. It will provide you with fiat money, secured by crypto-currency. Thus, this will save you from the need to sell the crypto-currency, if you have an urgent need for money, and will allow you to use your portfolio without the need to sell it. Thanks to the economic model of NEO Finance, the value of the pledge asset is public and understandable to each participant in the transaction, and the terms of the loan itself are fixed in the detachment. Since the terms of this transaction are regulated by a smart contract, the solvency of the borrower, the assessment of the collateral, and the need to collect it from the borrower is no longer necessary. All this makes it possible to reduce financial costs, which in the traditional banking credit system are subsequently pawned in the interest rate on the loan.
Competitors
MoneyToken
Advantages or differentiators
NEO Finance offers an international platform in which participants have the opportunity to instantly receive a money loan with fiat money on bail of volatile crypto assets such as: Bitcoin Ethereum Ripple BitcoinCash Receipt of credit funds can be carried out in the following ways: In your wallet NEO Finance With the help of a payment card NEO Finance, with the possibility of cashing in any ATM Using the user's bank card (for an additional interest).
Money will be spent on
35% — Development and maintenance of the platform
27% — Marketing
15% — Reserve platform
10% — Development of strategic partnerships
5% — Obtaining legal status and licenses
