Post
Topic
Board Service Announcements (Altcoins)
Re: 📈SociumTrade 📉 – Social Trading & Investment Platform
by
SociumTrade
on 03/10/2018, 19:25:48 UTC
I like the feature that there will be a possibility to get a loan. Users on the platform can get loans (in fiat currency) using crypto-assets as collateral. I see that smart contracts are ensure execution. Can we get more details on how its gonna work?

Yes, there are three main ways traders can attract funds on the platform: direct capitalization by an investor, joining a trading consortium, or taking a loan from an investor. For those with a higher appetite for risk, there will be a loan market where traders can negotiate favorable terms without going through and paying intermediaries. These instruments lower market barriers, enabling talented traders who lack start-up capital to get started. Users will be able to make loans available at custom-set interest rates and be matched with loan seekers by our engine.