SOFIN social finance network

SOFIN (social finance network) is an international platform for P2P lending based loans. This is a market exchange that unites creditors and borrowers: Loans are given in the currency of the country where the borrower lives. In this case, the currency can be redeemed through a SOFIN token if the creditor and borrower are from different countries.

SOFIN's mission is to remove barriers and obstacles, to provide access to financial resources for less developed countries while at the same time helping to preserve and increase its capital.

What guarantee is given to creditors?

To stimulate service and attract prospective Creditor, Guarantee Fund will be established on location. Its job is to cover the giver's losses in case of failure of the Borrower.

There are three levels of warranty:
The first rate guarantee is 100% of the loan amount. This system replaces 100% of the loan amount within 7 days from the date of receipt of the request from the Lender;
The second level guarantee is 75% of the loan amount. This system replaces 75% of the loan amount within 14 days from the date of receipt of the request from the Lender;
The third level guarantee is 50% of the loan amount. This system replaces 50% of the loan amount within 30 days from the date of receipt of the request from the Lender

How the platform will work





What is a blockade for that?

Transparency of all transactions on the platform;
All system reports can be checked;
Automated processes through smart contracts;
It's easy to work with crypto currency in Ethereum ERC 20;
Integration with other projects to block (registrants, appraisals, statistical services);
Reliability and fault tolerance.

What is achieved at this stage:

The financial model is fully developed;
Setting a package of legal documents for the issuance of loans;
Interface design is designed;
The business logic of this application is realized by 45%.
What is the difference between competitors?
All competitors can be divided into 2 categories:
Providing p2p in the traditional way (Lending Club, Zopa, bezbanka.ru, etc.)
Loans in crypto currency (everex, poloniex, btcjam, etc.)
Compared to the first category, our transaction storage system is more open. In SOFIN, transactions are stored in a decentralized store based on blockchain. There is also a strong bonus model based on the SOFIN token itself.
From the second category we are very different in the purity and transparency of every transaction law. These loans are made in fiat currency strictly in accordance with the laws of the borrowing country. Accordingly, the Lender has a clear and valid reason for the repayment of the loan.

Tariff Token

P2P systems need to pay token payments to the borrower. Therefore, there will be a buyback plan from exchange and will commence after the project runs.

The more change of P2P services, the more cashback bonuses and bonuses needed, and the more active ones will be purchased from the service token from the exchange. With the direct correlation of this volume, service growth requires a growth rate.

Our team has a direct interest in the growth rate because it will receive additional funds when the $ 20 token is achieved with a new wave of token sales through a smart contract.

Major service members will likely retain their tokens in the system, not to sell them in bour to gain additional privileges.

We will also be token holders interested in investment growth. 9,000,000 tokens will be directed to the initial operating system, payment for gifts / prizes, founders, escrow, advisors, (10% of 90,000,000 SOFIN emissions).

Roadmap




For More Information, Visit
JN Thread: https://bitcointalk.org/index.php?topic=2257607.0
Website: https://sofin.io/
Whitepaper: https://drive.google.com/file/d/0B-Mzf44S_dQMeEliOWhodUVDZTg/view
Twitter: https://twitter.com/sofinplatform
Facebook: https://www.facebook.com/sofinplatform
Telegram: https://t.me/sofin - https://t.me/sofin_ru
Media: https://medium.com/@sofinplatform

Author (x xurtjati)

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1516520

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