ASSETSTREAM - The Peer-to-Peer Microfinance Platform Utilizing Blockchain
Hello everyone, this new post I want to introduce about a very interesting and good project that is AssetStream, and for more details, let's just go to the following discussion:
What is AssetStream?
AssetStream is a Peer-to-Peer microfinance platform utilizing Blockchain as the core enabling technology. AssetStream aims to be a perfect market for the P2P Lending Platform where both borrower and lender will have enough information to make the transaction anywhere and anyhow in a secure and transparent manner.
MISSION
AssetStream aims to reduce poverty and bring financial inclusion by providing unbanked people with access to financial services. AssetStream will expand to a full P2P network which will include the local communities that can take personal loans. AssetStream aims to create an extensive micro-financing ecosystem that will be able to bring financially excluded people to the new global economythrough blockchain.
TARGET MARKET SOUTH-EAST ASIA
SOLUTION
By offering the unbanked and underbanked population a regulated alternative. AssetStream will not only provide the borrowers with better loan conditions and protection, the platform will also be able to provide a steady monthly return for the lenders.
With our platform we can provide the lenders and borrowers with the legal protection of local laws and regulations. Incase of NPL we can pursue legal action to compel payment.
By using a stable token within the platform we can ensure that the value of the borrowed amount won’t be affected by externalsources.
By utilizing the Stellar blockchain the platform is able to make faster and cheaper transactions compared to other technology.
LENDER PERSPECTIVE
TOKEN DISTRIBUTION
ICO (64%)– All proceedsfrom the ICO sale will be kept as a backup in AssetStream platform and will be incorporated as a lubricant for the lending pool for Thailand market.
The total budget raised from ICO will set the maximum lending capacity of the platform to ensure that all tokens can be lent out at the same time.
At the same time the ICO proceeds will preserve the AssetStream Token (AST)value to be 0.01 USD and doubles as a guarantee to the lender to reimburse the lender in case the platform doesn’t provide any feature that has been committed to by the AssetStream Team
Management and Advisory (15%) – Tokens will be committed to hiring, maintaining and training staff to compete with the global market. These tokens will also be used to promote long term alignment with advisors and to support other operational expenses. These Tokens will be locked up for 1 year.
Marketing and PR (8%) – These tokens will be used to increase adoption and attract lenders and borrowersin new and existing markets.
Business Development (5%) – Tokens have been set aside for potential partnershipsto bring in participation from local governments and NGOs.
Product Development (4%)– External expensesincurred for the development and improvement of the micro-financing platform, mobile application, infrastructure and security.
Legal (3%) – Legal support in the creation of a legal entity and for the documentation of potential changes in legislation related to cryptocurrencies used in operational, marketing and business development activities.
Bounty (1%) – A portion of the tokens will be used to accelerate the growth of the community and assist in building awarenessfor AST.
ICO DETAILS
- Tokens created: 3,300,000,000 Tokens
- Tokens issued: 2,100,000,000 Tokens
- Hard cap: 21,000,000 USD
- Soft cap: 1,440,000 USD
- Accepted currencies: BTC/BCH/ETH
- 1 AST = 0.01 USD
- Token sale: 27/05/2019
- Exchange listing: 10/07/2019
TEAM
To find more relevant details please follow several sources for the following references:
WEBSITE: https://www.assetstream.co/
WHITEPAPER: https://www.assetstream.co/AssetStream-Whitepaper.pdf
FACEBOOK: https://www.facebook.com/AssetStream/
TWITTER: https://twitter.com/AssetStream
TELEGRAM: https://t.me/AssetStreamBlockchain
Author: kirilkarub
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=2638537