Had already answered this question before. The borrower receives information about dierent rates in banks or MFIs and a possibility to ask for a loan by just one application. And an immediate response to it from other platform partners, where the investor is not only banks and MFIs, but also individuals. So, our platform combines a classic financial aggregator, a peer-to-peer platform and instant online lending.
YouGive's automation problem to reduce the time and fees for the two sides makes the project more attractive. But does this feature make it difficult for smart contracts to impose factors that bind responsibility among borrowers completely different all over the world?
Smart-contracts are more about providing transparency of deal, other participants of which guarantee responsibility of borrowers.
Thx for ur fast replies
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Re: [ANN] [ Pre-Sale ] ICO YouGive
by
crushianus
on 13/09/2018, 11:49:50 UTC
YouGive's automation problem to reduce the time and fees for the two sides makes the project more attractive. But does this feature make it difficult for smart contracts to impose factors that bind responsibility among borrowers completely different all over the world?
YouGive platform in its work is based on international regulations and complies with them completely. When you use this platform at the local level, there are provisions of country where the transaction takes place. That is why YouGive activities are fully legal.
and what about availability? i do not actually understand
What you can tell about funds and venture organizations?
Huge stocks of cash and assets restricted in terms of the turnover. The approximate amount of reserves is $40 trillion. A desire to enter the financial market as financial institutions. A desire to act as banks without falling under the influence of the regulator. Restrictions on investing in certain territories.
i have heard sth about market overview...what is it ? And how does it work?
Currently provision and aggregation of financial services is in infancy. Aggregator websites. In fact, they are catalogues. They provide information about approximate interest rates. When an application is submitted, the user is redirected to the bank's website. No real cooperation is in this case. And no time reduction. Goods marketplaces. They have reached a high level of operation in the service sector and can launch provision of related services after their IT platforms improvement. But there are potential integration problems when working with the customer and supporting two-way deals.
Also we forgot to add the escrow services. They can act as guarantors of deals and, to some extent, ensure verification of documents. But they do not provide a possibility to aggregate applications, and their operation is not distinguished by stability and transparency. It is also worth noting individually that there is the overall lack of all services. They do not have multiterritorial integrity, do not provide online interaction between dierent users, and cannot work in conditions of full transparency of deals.
but then you may got some problems with market . Don't you ?
What you can tell about funds and venture organizations?
Huge stocks of cash and assets restricted in terms of the turnover. The approximate amount of reserves is $40 trillion. A desire to enter the financial market as financial institutions. A desire to act as banks without falling under the influence of the regulator. Restrictions on investing in certain territories.
i have heard sth about market overview...what is it ? And how does it work?
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Re: [ANN] [ Pre-Sale ] ICO YouGive
by
crushianus
on 10/09/2018, 15:23:11 UTC
Can you please explain how you will use API ?
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Re: [ANN] [ Pre-Sale ] ICO YouGive
by
crushianus
on 07/09/2018, 16:41:51 UTC
Do you have any bonuses for early investors?
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Re: [ANN] [ Pre-Sale ] ICO YouGive
by
crushianus
on 06/09/2018, 22:46:34 UTC
How can we check how many tokens have been sold already?
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Re: [ANN] [ Pre-Sale ] ICO YouGive
by
crushianus
on 06/09/2018, 15:40:08 UTC
How do you present the economic functions of YGT token?
They cannot often provide financial services since it will be considered as illegal banking activity. They cannot use the scoring model for customers because of the lack of data. They do not have the necessary documentary securing to start activities in the financial market.
And what about funds and venture organizations?
Huge stocks of cash and assets restricted in terms of the turnover. The approximate amount of reserves is $40 trillion. A desire to enter the financial market as financial institutions. A desire to act as banks without falling under the influence of the regulator. Restrictions on investing in certain territories.
and what about product that you present ?
YouGive is a platform based on a blockchain technology that allows computerizing and structuring receipt and provision of financial services from private, investment and credit sources for individuals and legal entities.
They cannot often provide financial services since it will be considered as illegal banking activity. They cannot use the scoring model for customers because of the lack of data. They do not have the necessary documentary securing to start activities in the financial market.
And what about funds and venture organizations?
Huge stocks of cash and assets restricted in terms of the turnover. The approximate amount of reserves is $40 trillion. A desire to enter the financial market as financial institutions. A desire to act as banks without falling under the influence of the regulator. Restrictions on investing in certain territories.