HOMELAND = The New Way Platform To Find Your Dream Home
Homelend is a Blockchain platform that was developed to ease mortgage origination. The platform is expected to transform it into a simpler, more efficient and fair process. It intends to achieve this by reducing the distance between borrowers and lenders. Basically, it's a mortgage lending platform.
With this new distributed accounting technology (DLT) and smart contracts, Homelend brings together individual borrowers and lenders together in a comprehensive platform that simplifies and automates the entire process of mortgage origination. In HOMELEND applications, they will be evaluated and approved beforehand (or not) using artificial intelligence and machine learning technologies. All of this is completely digital. Even the data contained in the documents should be transferred to the digital herb archives based on the dispersed accounting technology. This data is provided by the user and reviewed thoroughly by professional auditors.
The land property sector is a huge industry, invading trillions of dollars of money. There is always a demand for this sector and there is still a lot of demand. Many people who do not have enough facilities to buy their own homes or often move locations, prefer to take home on rent. People who own their own homes are the ones who can lend them to others or keep them as mortgages. This is an old tradition of borrowing money in return for mortgaging the house.
Their long process involved all mortgage transactions. The moneylender must be very confident and aware of all the characteristics of the house, which he will get. He needs to make several agreements with the homeowner before lending money and must verify all legal documents of the house and also to check the validity of the documents. All these steps are very long and very time consuming and vast resources as well. Often, intermediaries are also involved and that increase the value of transactions and reduce net profitability for both parties.
This process is very inefficient and involves many other complexities as well such as legal issues, verification, authentication, and so on. This industry is bound to grow, because of the huge demand and scope, although it faces many difficulties to meet the quality demanded. In times of need and emergency, this is a preferred choice for many and beneficial to them. To eliminate the drawbacks and weaknesses of conventional mortgage systems, we have Homeland, which is a decentralized blockchain platform, providing mortgaging solutions to its customers.
HOW TO WORK HOMELEND'S CROWD MECHANISM FUNDING
STEP 1
Any previously approved mortgage will be divided into smaller identical units. For example, John wants a $ 200,000 loan. But the first platform will divide it into the first $ 10,000 units. Let's call this unit, "Slices".
STEP 2
Each of these twenty Slices will be given a risk score, which the creditor will be able to access in case of pre-approval loan. The higher the risk score, the higher the interest rate.
STEP 3
Individuals will have the opportunity to lend financial resources to the borrower by purchasing these Slices. The lender does not have to buy all the Slices from the creditor. He can lend money to many borrowers as he pleases by purchasing pre-approval mortgage loans.
That means, John $ 200,000 loan will be donated by twenty different lenders.
STEP 4
Crowdfunding resolved only after Slices of the previously approved loan were purchased. The mortgage will be sent to the final closing.
Please note that individual investors will have 30 days to fund Slices.
If all the Irisan are not sold within this time period, the process will be canceled and all investors will get their funds back.
Perhaps the most important part of the whole system is the use of cryptocurrency for financial flows, even though the listed home prices, the pre-approved loan amount and their "Slices" are determined in fiat.
FIAT CURRENCIES
P2P Method LENDING
Homelend is expected to come with three Peer-to-peer lending methods. These include; pure crowdfunding, collection and auction. Let's explore them, okay?
CROWDFUNDING METHOD
This is the simplest method in which prospective lenders are expected to find investment opportunities in the form of "Slices". Different investors will be able to finance a pre-approved mortgage loan through this slice.
POOLING METHOD
Unlike crowdfunding, lenders will have the opportunity to invest through smart contracts before approval of a specific mortgage loan. The same principle of purchasing "Slices" as crowdfunding applies. The only difference is that; lenders will be able to buy in advance.
The main advantage of this method is the level of financial buffer offered without the need for intermediaries.
AUCTION METHOD
Auction is not expected to offer any form of financial buffer. This is more like crowdfunding, except that lenders will have the ability to offer better borrower conditions than previously approved platforms.
EVENTS OF GENERATION TOKEN
To serve the economic dynamics of the platform, token creation events will be hosted. HDM tokens should offer access to services offered on the platform. It does not matter if the service is provided by Homelend to a third party working with Homelend, the user will still need a token.
SUPPLY TOKEN
According to whitepapers, the total number of HDM tokens that are expected to be issued during this event is 250 million. Twenty percent of tokens (50 million HDM) are expected to be stored as reserves while the remaining 80 percent (200 million HDM) will be outstanding. Token should cost 1ETH to 1,600 HMD.
HIGH SPECIFICATIONS
The first thing you should know here is that, Homelend token is printed, not mined. Token is a Ethereum-based ERC-20 standard created to allow users to access services provided by the Homelend platform. As such, they are a utility token, not a security token.
DISTRIBUTION TOKEN
As said before, 50 Million HMD will be saved as backup. That means that 200 Million HMD will be distributed. According to whitepaper, here's how.
The largest percentage of tokens, about 36 percent (90 million HMD) will be used for public sale of TGE. This will happen after 28 percent (70 Million HMD) must have been used for pre-sales.
The founding team is expected to receive 8 percent (20 million HMD) tokens and another 8 percent will be awarded to advisors and gift services.
INCENTIVE DISCOUNT
Of course, there is a bonus incentive over the nominal value of the HMD token during presale. Also, discount incentives will be offered during public sale. However, this depends entirely on the token purchase time.
Solutions Offered Homeland is a decentralized platform, powered by blockchain and running on the ERC20 platform.
To provide an exclusive mortgage solution to its users. This is a platform that will eliminate middlemen from the mortgage system and will increase profitability. This platform will provide direct media communications to lenders and sellers, using blockchain technology, the data will be completely safe and easy to recover in an emergency. Buyers can easily find the type of house they need, because all the lists will be available on this platform with high specifications. Lenders and buyers can directly communicate with each other and form legal agreements with all terms and conditions requested using smart contracting technologies provided by blockchain. Financial transactions are made through cryptocurrency and are very fast and reliable; The settlement is done very quickly, once the contract is formed. Data generated throughout the process is fully guaranteed and stored in a decentralized manner, making it easily accessible and recoverable. It also provides an option to allow for a lot of funding for a single property; it is a unique feature that is only available on this platform, making it very convenient for the owner to lend his property.
Conclusion
It should be noted that the lending industry for land property has great potential and is already in great demand. A platform like Homeland will make it easier, cheaper, and more secure to perform such legal transactions and transactions. It is advisable to try out exclusive features provided by the platform, not only can you get better profitability, but also better transaction security and reliability. All users of this platform will be authenticated using blockchain technology, thus making it a trusted platform to handle our properties.
Our team and our best advisers
WEBSITE: https://homelend.io/
WHITEPAPER: https://homelend.io/files/Whitepaper.pdf
TWITTER: https://twitter.com/homelendhmd
FACEBOOK: https://www.facebook.com/HMDHomelend/
TELEGRAM: https://t.me/HomelendPlatform/
MEDIUM: https://medium.com/homelendblog
LINKEDIN: https://www.linkedin.com/company/18236177/
Reddit: https://www.reddit.com/r/Homelend
ANN THREAD: https://bitcointalk.org/index.php?topic=3407541
Bitcointalk Username: deniyoga
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1978689
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