Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IEO by the Marshal Lion Group Coin - Tokenizing the non-bank loan market
by
trakjis
on 06/10/2019, 08:32:26 UTC

If the token will be of great value, relevance and be of particular benefit to users, people will use it.


The most important thing is that tokens would be used for services on the platform but not for speculation.
Tokens the value of which was based purely on speculation has long been devalued. People now need projects where the token is used in work and its value depends on it.
Non-Bank lending should be a profitable business, but with its risks of course. I think this blockchain should work well in this sphere.
In the normal area of non-Bank lending, the company has a risk of non-repayment of the loan. In the cryptosphere, high volatility of the cryptocurrency is added to this risk.
I also wanted to ask. How will bank users guarantee loan repayments? Property or any other assets?

It is important that you take a loan agreement responsibly and remember that by signing it you agree to all the conditions and accept the obligation to fulfill them. I think that necessarily in the contract the parties agree on what will be supported by the loan
Do we have to provide our personal documents when applying for a loan or how does signing go?

As far as I understand, the procedure KYC is required. The level of safety and reliability also depends on this.