Diamond Project is a new decentralized platform based on the ethereum crypto currency, intended for lending. The project uses blockchain technology. The system will allow users to facilitate the process of obtaining loans, which will make this financial service more accessible and in demand. Also, the company plans to develop a trade portal for the exchange and sale of tokens. The work of the platform will be built extremely simply, which will allow absolutely everyone who wants to use it.
In order to get a loan, it is enough simply to provide a crypto currency on the wallet . In the event of compliance with credit conditions, all tokens remain property of the borrower during the period of the loan, but they can not be sold or exchanged.
As with standard lending, arrears must be regularly extinguished to avoid loss of collateral or the imposition of fines. After full repayment of the loan, the pledge is returned to the borrower.
As for the sale and exchange of crypto currency, the system guarantees complete security of transactions and transparency of transactions. All customers will have an authenticated profile and the ability to contact technical support in case of questions or problems.
Project advantages
The Diamond Project uses the P2P network, which implies instant money transfers from the user to the user.
The project will facilitate the process of obtaining a cash loan at each stage. A loan can be taken absolutely for any purpose (personal, business, etc.). For this, it will be necessary to simply leave a certain number of virtual currency coins as collateral as a guarantee of the subsequent return of funds. As a consequence, the system does not completely check the borrower’s job and solvency, which speeds up the process of approving the application. Under the similar scheme modern pawnshops work.
- Translation of technical documents and community management – 600 000 DMP (10%);
- Facebook – 1 200 000 DMP (20%);
- Twitter – 1 200 000 DMP (20%);
- YouTube and video – 1 200 000 DMP (20%);
- The reward for attracting users to the bounty company is 1 800 000 DMP (30%).
- Details of its conduct can be found on the official website of the Diamond Project .
Stages of project implementation