Quote from: You Give on July 13, 2018, 04:48:50 PM

New technologies protect the financial well-being of mankind

You can often hear bank clients complaining about unbearable loan conditions. Such complaints repel other people, forcing them to borrow from friends and acquaintances. Fortunately, technologies do not stand still and allow establishing trusting relations between creditors and borrowers directly, excluding intermediaries.

In the meantime, those who want to increase their funds on deposits are disappointed with bank interest rates. Because of the intricacies and complexity of banking contracts, it can be difficult even to just get your money back. To understand the reasons for the high interest rate on loans, you need to see what compose the price of the service. In attempts not to go into negative territory, banks have to include in the loan rates expenses that at first glance have nothing to do with the borrower.

For example, banks spend large amounts of money on marketing, which increases brand awareness and, as a result, attracts more customers. Fabulous sums are spent on salaries for employees and for branches maintenance. And we have not even touched on the rental costs and costs of legal formalities which allow the bank to get permission to enter the market and provide services.

The ability to obtain loans from other individuals and legal entities without intermediaries will make loans cheaper for borrowers. Online platform YouGive, combining applications from both borrowers and lenders, will be a profitable solution for all market participants. Borrowers will be able to find the most appropriate loan conditions, and lenders will be able to choose a suitable borrower. So, a huge market opens up for both parties. Now everyone can choose what suits one best.

This summer, YouGive pre-ICO campaign will start. It will become the pre Sale stage of YouGive project ICO a credit platform that unites borrowers and creditors around the world.

In case you have any queries regarding our ICO, please feel free to get in touch with us on telegram chat https://t.me/YouGiveChat.

Hmm, very ambitious and interesting project. Can somebody tell me where i can find further information.