Hello, friends. Today I want to tell you about the Distributed Credit Chain project , which positions itself as a revolutionary in the field of lending.
Nowadays, living in a less economically developed country, it is difficult to meet a person who did not apply to the bank for a loan.
For several decades, we have been persistently forced by all available means that credit is the only way out for our well - being. They definitely did it.
Banks are trying to entice the borrower more favorable conditions for the loan in a highly competitive environment. Do you want to start your own business? - Go to the bank and get a loan. Do you want to buy a car and stuff? - Go to the bank. We can say that for an ordinary person to go to the bank has become a common thing, how to go to the store.
Banks, having created a monopoly and a centralized system, make it clear that there is no other way out how to take a loan, began to gradually tighten the rules for obtaining a loan, demanding a huge package of documents because of all departments.
If you have ever taken a loan-you know how much time and effort it takes to collect all the pile of these documents. It is normal for bankers to increase credit rates whenever they want.
It is also no secret that the personal data that borrowers use to approve the loan can be used to transfer to third parties, such as collectors and government authorities upon request.
What should the borrower do? Due to the hopelessness and lack of alternative, he is forced to take out a loan on unfavorable terms. This system has been working for thousands of years, everyone is happy, especially bankers, but so far no one has tried to change the outdated system of lending, until the blockchain technology appeared.
What specific solutions does Distributed Credit Chain offer us?
The main thing is to create a decentralized system of lending that unites all market participants in one community. The main thing is to create a decentralized system of lending that unites all market participants into one community. The platform enables every person from any part of the world to become a lender and issue loans to other market participants. This is a great opportunity for those who have ever wanted to become a "banker".
Of course, when the market is monopolized, banks in collusion set a certain average percentage, standing out only among themselves small advantages.
On the DC platform, in a highly competitive environment, the borrower has an alternative choice of loan terms due to the large number of creditors.
To get credit approval you need to upload your documents to the platform once, which will save you strength and nerves, unlike the standard methods. At the same time the speed of approval of the loan will increase significantly. The borrower will always be sure that the personal data will not be used by third parties for other purposes.
All transactions will be carried out through a digital signature, which will definitely provide a guarantee of security for users and create a transparent system of credit through smart contracts.
DCC is ERC-20 standard token based on Ethereum. DCC is the main currency on the Distributed Credit Chain platform.
It is important to clarify that the platform provides a bonus in the form of tokens for those borrowers who repay their loan debt on time.
About the ICO itself, I do not see any sense to write, since it ended on may 29. The funds were collected in just a few minutes, and the amount, I will tell you, is serious - $ 49 million.
It is already possible to buy tokens on these exchanges. List of exchanges
The project aims to solve the most important problems of the credit market, which can affect a huge number of people around the world. It is not surprising that they were supported by the crypto community, assessing the full potential for the growth of the project in the future and investing such a serious amount. But how will the whole centralized community react to this? Over time, it will pose a serious threat to banks if the popularity of the platform increases. To be honest, I am skeptical that the project will develop into something global. Regulators will try all the ways to remove and limit such a competitor.
Official site: http://dcc.finance/
Telegram channels: https://t.me/DccOfficial