SOFIN (SOCIAL FINANCIAL NETWORK)

Maret 13, 2018

SOFIN (SOCIAL FINANCIAL NETWORK) -P2P-lending service online. It is a market platform that unites creditors and borrowers: (1) Creditor - individual organizations, banks, microfinance and funds; (2) Individual borrowers, entrepreneurs and organizations Loans are provided in the currency of the country where the borrower is located. This allows the currency to be exchanged through the SOFIN tokens if creditors and borrowers come from different countries.

Solution

Choose the best loan terms, create a pool of laws and earn money online from any device!

SOFIN Token

This system uses the Ethereum ERC 20 platform. SOFIN Token performs many functions on the system. Encouragement of participants in transactions increases the number and quality of transactions in the system. The more loan turnover incurred in the system, the higher the token cost, because all the fees will be taken at SOFIN - they will be automatically purchased from the exchange to pay the fees. The history of all transactions will be stored in blockchain. Up to 20% of the loan will be available for delivery in the SOFIN token. SOFIN will also be an intermediary between the exchange of one fiat currency with another currency. Let's look at all these features in detail.

Why do we need blockchain?

Transparency of all transactions is done on the platform. All system reporting can be verified.
Automated processes through smart contract.
It becomes easy to work with cryptocurrencies on Ethereum ERC 20.
Integration with other projects on blockchain (register, scoring, statistics services).
Reliability and fault tolerance.

What are the benefits of SOFIN tokens?

Part of the loan (up to 20%) can be issued with the SOFIN tokens that the system will automatically buy at a favorable rate and transfer to the fiat for the borrower. Another crypto integration with the possibility of issuing a loan of up to 100% will be sought.

Tokens can be used as an intermediary between one fiat currency with each other to issue loans in the borrower's currency.

Large token holders will be marked as trusted system members. They will have more favorable lending terms (if necessary). The holder will receive a bonus: twice the cost of the system to apply for a loan for their token. This system will provide a guarantee for the borrower and, in case of failure, cover the loan immediately from the money, in the future by closing the delay by purchasing a mortgage token from the borrower. These borrowers will have the highest ratings in the system and, as a result, will be able to withdraw funds with the most favorable terms, as investors will require a low risk level of at least barely zero.

Token holders will receive several advantages over the system's normal users (external differences in service interfaces, more favorable bonus terms, etc.).

Tokens can be bought / sold on the exchange. A direct correlation between the volume of exchange transactions and the token rate, as all fees are paid by SOFIN, is automatically repurchased from the stock when the loan is made.