BTCC solves the problem of Global Parity Of Interest rates (IRP) and has developed an ecosystem of p2p lending and borrowing. The system doesn’t restrict citizen from any country to borrow or lend funds via cryptocurrency. Btccredit will be like a crypto bank which could be decentralized and yet provide all the facilities that a traditional bank offers. Just as the traditional banks function, BTCC will function as a bank that supports only cryptocurrencies and will provide all the services provided by a traditional bank. These include retail and institutions in crypto, P2P and C2P lending, along with indexes that act as investment instruments.
Market research filters out some unique features of the system that are not found in other competing platforms :
I. The Credit Marketplace
The first unique feature will be the implementation of a loan marketplace. The borrowers and lenders that register on the platform will be prompted to declare their requirement set in terms of figures. A lender will declare parameters such as the tenure, the rate of interest sought, the maximum amount per loan from his corpus amount etc. The borrower will declare his offered rate of interest, the amount sought, tenure for which the loan is requested. The borrowers and lenders will participate in a loan matching flow much like a stock exchange with buy and sell orders.
2. Partial bidding on loan offers
The marketplace will also enable partial bidding on loan offers from borrowers
3. Crypto Collateral
The platform would allow for collateral in multiple cryptocurrencies like Bitcoin, Ether, Altcoins etc. There will be wallet support for each supported cryptocurrency and borrowers will deposit the collateral as per the conversion rates.
4. Collateral valuation
The platform will manage the continuous collateral valuation and take remedial measures if collateral value fluctuates beyond certain prescribed intervals. For e.g, if Bitcoin valuation exceeds 100% from the time of pledging it as collateral, there will be a policy of releasing a certain amount of crypto back to the borrower.
5. Each loan agreement on Ethereum
The platform will follow template based loan contract, which will be deployed on the Ethereum blockchain as an agreement between the lender and borrower. The platform will have a loan contract template that will be translated into an Ethereum smart contract between the borrower and the sender. The transparency of the agreement will be expressed through a publicly visible deployed contract that will calculate the loan execution parameters through a well-defined, and indisputable computation.
6. The USDT
The platform will use USDT as a means to disburse the loans, which will make it very easy for borrowers to convert it into fiat currencies. This will make the loan feasible for any kind of need.
7. One Wallet for Everything
The platform will be powered by a wallet that will provide all the necessary features. In this way, a wallet based ecosystem will be created that will function similar to a bank. This will also take away the need for the users to make use of multiple platforms to meet all their crypto related needs by providing them with a consolidated platform that offers all the said features at one place.
PERSONAL CAP MIN: 100 USD ACCEPT CURRENCIES: ETH SOFT CAP: 2,500,000 USD HARD CAP: 10,000,000 USD
ROADMAP Q4 2018
P2P Crypto Loan System Launch The journey begins with Borrow-Lending, a Peer-to-Peer Crypto Loans System Launch. Smart Contract On Ethereum LDT Tokens Contract, BTCC Tokens Contract.
Q1 2019
USDT Lending system Launch Users Can Lend USDT which is backed by LDT Tokens and Smart Contract
Getting Apps Available on Mobiles Getting the Lending Platform Compatible with Mobile Phones.
Acquiring Licences Acquiring Crypto Wallet and Lending Licences
Crypto Wallet Launch Crypto wallet Launch.
Q2 2019
BTCC Token Listing on our Lending System. Now users can Lend Using BTCC Tokens and can use BTCC as collateral. P2P Exchange Launch Peer-to-Peer Cryptocurrencies Exchange Platform Launch.
Q3 2019
Staking Plan Launch Staking plan launch for investor, who will be benefited with interest on BTCC / BTC hold as staking
ALT Coins Lending and Colateral
Now users can Lend Using Alt Coins and can use Alt Coins as collateral.
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