Hi friends If you are interested in joining the BTCC project, you should read reviews that can help you get information that can help you see their vision and mission. Here's the review:
What is Btccredit Token / Coin?
The next gen crypto banking solution, a Blockchain based P2P lending solution.
Medium of Exchange
USDT as a medium of exchange and Bitcoins as collateral.
BTCC Tokens as a medium of exchange and BTCC Tokens as collateral.
By using USDT as a medium of exchange the System fees for borrower will be 0.25%.
By using BTCC Token as a medium of exchange the System fees for borrower will be 0%.
When Bitcoins are pledged as collateral, borrower has to pay the interest as per the Loan contract.
Borrower can borrow upto 75% LTV of the collateral value by pledging BTCC Token.
Borrower can borrow upto 60% LTV of the collateral value by pledging Bitcoin.
Loans with BTCC Tokens will be featured as priority.
Loans with Bitcoins and ALT coins will be featured as medium priority.
By using BTCC Tokens as a medium of exchange,EMI can be Refilled by using BTCC/USDT
By using USDT as a medium of exchange,EMI can be Refilled by using USDT only.
In case of BTCC Tokens as medium of exchange,Penalty fees will be 2.5% which will be paid to the System by the borrower in case of late EMI Payment.
In case of USDT as medium of exchange,Penalty fees will be 5% which will be paid to the System by the borrower in case of late EMI Payment.
When BTCC Tokens are pledged as collateral , Penalty for late fees will be 0%, which will be paid to the system, by the borrower in case of late EMI Payment.
When Bitcoins are pledged as collateral , Penalty for late fees will be 5%, which will be paid to the system, by the borrower in case of late EMI Payment.
Rewards will be given in the form of BTCC Tokens on successful handshake , to both the Lender and borrower,and to the borrower on successful payment of EMI by the borrower.
How it Works?
USDT and BTCCredit Lending System
USDT - User can Lend USDT backed by LDT Tokens whose value is 1 LDT:1 USDT, by deploying a smart contract on Ethereum Blockchain, with Bitcoin (BTC) as collateral by the borrower.
BTCCredit - User can Lend BTCC Token, by deploying a smart contract on Ethereum Blockchain, with BTCC Token as collateral by the borrower.
Rewards
The System will Reward the Lender and the borrower with BTCC Token when a contract is deployed between them.
The Borrower will again be rewarded with BTCC on every successful EMI Payment.
15% Extra Loan Amount
In Alpha, Borrower gets 60% LTV of Collateral (BTC) deposited, But in Beta Borrower gets 75% LTV of Collateral (BTCC Token) deposited.
Token Distribution
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.
Q4 2019
Crowd-Funding Platform
Peer-to-Peer Crowd-Funding platform
You can join or participate in the Btc Credit sales crowd through the following links:
WEBSITE: http://btccredit.io/
WHITEPAPER: http://btccredit.io/pdf/btccredit_whitepaper.pdf
TWITTER: https://twitter.com/btc_credit
Author
Bitcointalk username: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
Address ETH: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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