Blockchain-based, peer-to-peer mortgage lending platform

Average rates for the project

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4.1 / 5
Rating
4.8
Team
4.6
Vision
4.3
Product
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9 / 10
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4.5 / 5
Rating
4.8
Team
4.6
Vision
4.3
Product
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GitHub activity

Homelend ICO datesexport to calend


Whitelist
12.11.2018
12.11.2018
KYC
12.11.2018
12.11.2018
PreICO
12.11.2018
12.11.2018
PreSALE
12.11.2018
12.11.2018
ICO
12.11.2018
12.11.2018
12.11.2018
12.11.2018
12.11.2018
ICO
Mar. 15, 2018 — Jul. 30, 2018

Funding

Token
HDM
Hard cap
$ 30 000 000
Price on ICO, eth
1 ETH = 1,600 HMD

About Homelend

Homelend P2P platform works by embedding mortgage lending business logic into smart contracts. This is the platform’s core functionality. By creating a set of smart contracts that execute business processes, Homelend allows individuals to borrow money from their peers in a trusted, transparent, and secure way. The key idea is that borrowers and lenders are not linked by means of a financial intermediary (i.e.
a bank or a centralized P2P lending platform), but rather by smart contracts that automatically execute a pre-defined business logic.
Any mortgage loan, to be successfully originated, must follow a pre-determined path. From the moment when a potential buyer of a property applies for a loan, to the actual closing of the mortgage loan and transfer of the property from the seller to the buyer, a series of business
processes take place. These processes are instrumental. They are subordinated to three main objectives, issuing a loan that:

1)makes possible the purchase of a property;

2) can be successfully paid back by the borrower;

3) can be recovered to a satisfactory extent in case of default.