AssetBase Peer to Peer Loans (beta)
The peer to peer lending is a 3 trillion dollar market that is virtually untapped. Many people are looking to make a higher return on their investment but are stuck in traditional banking that in some cases are not even paying enough interest to stay up with inflation. Many people around the world need money for investments in business, land and many other uses but have no access to funds or credit. The Blochain or distributed ledger has the potential to remove the need for 3rd parties such as lending institutions thereby directly connecting the borrower and the investor.
The problem that now exists is it is not possible to secure the collateral (asset) with a smart contract (token).
The Secure Asset Protocol will use partners on the ground to legally secure the asset, the legal contract and the smart contract will be tied together allowing security to the lender.
Peer to Peer lending is part of the Assetbase ecosystem.
Below are some of the components of the Assetbase Ecosystem that will allow private and asset redeemable tokens to be utilized unlike any other platform.
Secure Asset Protocol
Assetbase secured asset protocol secures an asset for tokenization.
Peer to Peer loan Platform
Assetbase peer to peer loan platform allows people to get loans and investment funds for an asset or project.
AssetBase smart contract will allow people to tokenize their asset and make tokens to represent the asset.
AssetBase exchange to enable people to trade, invest, transfer personal asset tokens.
Modern Technology and Innovation
The tokenized peer to peer lending platform will empower individuals and businesses alike in the area of finance and lending. Wether its a 3rd world farmer that needs capitol to expand and small business owner or someone with a great business ideas Assetbase tokenized peer to peer lending platform can provide new capitol to help them prosper.
The harmony of Assetbase ecosystem
Assetbase redeemable precious metal tokens are in integral part of the tokenized peer to peer platform. The p2p loans will be priced in 4 to 1 precious metal tokens then converted into the country or state currencies for use by the borrower. In repayment of the loan, the borrower will then convert his currency back to the precious metal tokens for repayment to the lender. This provides a non inflationary repayment system.
Assetbase Secure Asset Protocol (SAP) in an integral and necessary part of the peer to peer lending platform. The SAP allows for assets to be securely encumbered for collateral on the assetbase loans. All information about the contract, loan repayment, interest, profit sharing,the political, economic and personal risk as well as information on the person or business that is tokenizing the asset are all listed on the token page.
Because private and personal coins are not likely to be listed on a mainline token exchanges, Assetbase has created its own atomic exchange that will list all personal asset tokens and other utility and asset backed tokens. This allows investors and fluid entry and exit on private investment tokens as their finances require without being stuck in an invest to its fruition.
The Prime Token is at the heart of Assetbase ecosystem. The Prime token is required to use all platforms and lending platforms. A small micro fee is taken from all coins and given as a reward to the prime token holders that participate in guiding and developing Assetbase platforms. A small amount of prime tokens are require to be held in the wallet of users of the P2P lending platform.
Final Thoughts & Conclusion
Unlike anything today Assetbase foundations’ tokenized peer to peer lending will be a god send to those in desperate need of capitol and excellent investment for those that have capitol sitting in low to no interest investments. From the 3rd world to developed counties Assetbase will provide a link from those that have capitol to those that need it in a transparent and secure platform.