Bulleon P2P lending
Having carefully analyzed cryptocurrencies and their growth in relation to fiat money, we concluded that this market lacks lending vehicles. The most popular way to get a fiat currency for a digital asset is to sell the asset on the exchange. This is economically unfeasible, since the value of cryptocurrency can significantly increase literally within a week, after which the holder will lose an impressive amount. The Bulleon project offers an alternative. Using our system, a cryptocurrency holder can get a loan in fiat money on the security of his/her digital asset.
Before the end of the loan period, the security deposit will remain in the protected Bulleon system. Once the loan and the interest are paid within the agreed period, the pledged asset will be returned to the borrower in full. The Bulleon platform will provide an opportunity to instantly issue our internal virtual or plastic payment card (read more: Bulleon International Debit Card). Using Bulleon International Debit Card, you can make payments around the world wherever debit card payment is enabled. It is convenient and beneficial, as the user of such services does not pay additional fees. Besides, the platform users will be able to order a debit card with worldwide delivery. Borrowers will be able to instantly receive credit funds in the fiat currency or use it depending on their needs — cash out funds in ATMs, pay through terminals, shop online.
Compared with traditional financial institutions that issue loans, Bulleon has many advantages. In the traditional collateral scheme, the lender is forced to do a huge amount of work to secure the deal: maintain a credit center that verifies the borrower’s solvency, arrange the collateral assessment, transfer and store the borrowers’ assets.
It may seem that the lender’s work should not be of interest to the borrower. However, one should remember that all costs are included in the interest rate, which results in a rise in the loan price. Bulleon solves this problem. Our system guarantees repayment of funds in full together with interest for using the loan and dispenses the lender from additional actions and risks. Consequently, the borrower will receive the lowest interest rate and will not spend time on signing papers, going to the bank, waiting in a line and carrying out the property assessment.
There is no need for a credit centered on this approach. This gives advantages to both parties in the deal: the lender does not need to independently assess the risks; the borrower receives a loan regardless of the credit record. In the traditional system, one needs to have a sufficiently solid startup capital and know the subtleties of the profession to become a successful lender. Bulleon allows absolutely any individual or legal entity that has fiat funds to become a lender, and it assumes risks associated with the loan repayment. A user who offers to lend funds sets the interest rate, amount of the loan and its term on his/her own, and our system seeks the borrower in the database, who is interested in such terms.
Key Features
1. A Peer-to-Peer Lenders Platform: Using our system, a cryptocurrency holder can get a loan in fiat money on the security of his/her digital asset. Before the end of the loan period, the security deposit will remain in the protected Bulleon system.
2. Secured Lending: Once the loan and the interest are paid within the agreed period, the pledged asset will be returned to the borrower in full.
3. Instant Disbursement: The Bulleon platform will provide an opportunity to issue our internal virtual or Bulleon International Debit Card instantly
4. Transparent Internal Ecosystem: Borrowers will be able to instantly receive credit funds in the fiat currency directly to the Bulleon account or use it depending on their needs — cash out funds in ATMs, pay through terminals or shop online.
Advantages Over Traditional Loan Schemes
The overriding benefits include:
1. Fast Response: With Bulleon, anyone can borrow and lend almost instantaneously without unnecessary friction from banks and government regulations.
2. Flexible/Customized Interests Rate: You can crowdsource your loans from lenders around the world powered by a Bitcoin economy by choosing an interest rate which you can afford.
3. No Processing Charge: There is no processing fee charged to the borrower or lender for this.
4. A Win-win for Lenders and Borrowers: Through this system, lenders get profitable interest rates, and borrowers can borrow cheap loans, all thanks to the power of Blockchain’s speed and Bulleon’s quest to offer a cheaper alternative.
Having carefully analyzed cryptocurrencies and their growth in relation to fiat money, we concluded that this market lacks lending vehicles. The most popular way to get a fiat currency for a digital asset is to sell the asset on the exchange. This is economically unfeasible, since the value of cryptocurrency can significantly increase literally within a week, after which the holder will lose an impressive amount. The Bulleon project offers an alternative. Using our system, a cryptocurrency holder can get a loan in fiat money on the security of his/her digital asset. Before the end of the loan period, the security deposit will remain in the protected Bulleon system. Once the loan and the interest are paid within the agreed period, the pledged asset will be returned to the borrower in full. The Bulleon platform will provide an opportunity to instantly issue our internal virtual or plastic payment card (read more: Bulleon International Debit Card). Using Bulleon International Debit Card, you can make payments around the world where debit card payment is enabled. It is convenient and beneficial, as the user of such services does not pay additional fees. Besides, the platform users will be able to order a debit card with worldwide delivery. Borrowers will be able to instantly receive credit funds in the fiat currency or use it depending on their needs — cash out funds in ATMs, pay through terminals, shop online.
Compared with traditional financial institutions that issue loans, Bulleon has many advantages. In the traditional collateral scheme, the lender is forced to do a huge amount of work to secure the deal: maintain a credit center that verifies the borrower’s solvency, arrange the collateral assessment, transfer and store the borrowers’ assets.
It may seem that the lender’s work should not be of interest to the borrower. However, one should remember that all costs are included in the interest rate, which results in a rise in the loan price. Bulleon solves this problem. Our system guarantees repayment of funds in full together with interest for using the loan and dispenses the lender from additional actions and risks. Consequently, the borrower will receive the lowest interest rate and will not spend time on signing papers, going to the bank, waiting in a line and carrying out the property assessment.
There is no need for a credit center with this approach. This gives advantages to both parties in the deal: the lender does not need to independently assess the risks; the borrower receives a loan regardless of the credit record. In the traditional system, one needs to have a sufficiently solid startup capital and know the subtleties of the profession to become a successful lender. Bulleon allows absolutely any individual or legal entity that has fiat funds to become a lender, and it assumes risks associated with the loan repayment. A user who offers to lend funds sets the interest rate, amount of the loan and its term on his/her own, and our system seeks the borrower in the database, who is interested in such terms.
The purpose of the Bulleon Exchange is to provide an investment multiplex for traders and users at all levels. Bulleon believes that every single person can become a successful trader as long as they have access to the right tools and trading styles. That is why the trading platform is designed to work seamlessly with integrations for Android, IOS, and web operating systems. Additionally, inbuilt APIs will allow users to view the progress of multiple exchanges at a glance with highly accurate Bulleon propriety trading signals which can guide investors making the best decisions.
The goal is to offer the most liquid exchange website in the world, leveraging on the most advanced software to enable traders and users to easily exchange Bulleon and a host of other altcoins, providing quality order types and liquidity to help traders take advantage of every situation.
Key Features
1. Simplicity and Ease of Trading: Bulleon exchange software offers users a suite of order types for every scenario and guarantees the convenience of a simple and quick process, with the additional promise of keeping users informed of the latest changes in crypto trends.
2. User-friendly interface and competitive rates: Bulleon allows users to work on using the platform according to their requirement, making it possible to customize according to their user experience based on their preferences for the theme, notifications, and presentation of figures section
3. Affiliate Program: Earn with Bulleon! Offer favorable terms to your customers and make a profit!
4. Third-party API Integration: Because Bulleon Exchange is designed to create digital asset trading applications & trading tools, its API integration plug-in helps users to discover all the cryptocurrency trading possibilities, create their trading charts, edit order types & trading positions, and track trading history and crypto wallets movements.
5. Reliable Protection of Funds: To protect your funds our platform will use a cold storage system. Bulleon is equipped with advanced verification features that help users ascertain the honesty of traders, ensure withdrawals protection and enable advanced API key permissions. To achieve this, Bulleon Exchange uses a combination of digital wallet options to ensure maximum security.
With these multi wallet features, users can trade freely and securely without depending on third-party platform. These options include hardware wallet, cold wallet, desktop wallet, mobile wallet and paper wallet.
Additionally, the UI design also provides an extra layer of security by enabling users to restrict access to their accounts by using a biometric and two-factor authentication system.
Using Bulleon Trading Platform
The following simple processes are involved in interfacing with the Bulleon Exchange platform:
Bulleon Sign up: The simple, user-friendly interface makes the process of signing up to the Bulleon exchange platform very easy and straightforward either for token holders or those hearing about the Bulleon ICO for the first time.
Funding: After signing up users can choose from a multitude of digital currencies, but it is recommended to do so with the Bulleon token.
Trading: Once the account is funded users are ready for trading, exchanging and investing in various digital currency pairs. Bulleon offers plenty of choices, as it supports all major digital currencies, and even new ICO listings and their respective tokens.
Supported Cryptocurrencies: Traders can use the platform for multiple digital currencies, including, but not limited to Bulleon, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, Litecoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Bulleon also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.
Bulleon Customer Support: We place a premium on Customer Service because we know it is key to the success of every exchange on the platform. Live support features are currently being deployed both for chat and calls.
Based on the above service outlay, it is safe to be optimistic that Bulleon is poised to become the leading Cryptocurrency Exchange in the world. This is predictably so because of its operating principle of offering great fees and awesome digital currency support service. All of that combined with the human and financial resources from partnerships and direct investment at the firm’s disposal, chances are that Bulleon will continue to evolve and offer great digital currency exchange services to its clients.
more info https://bulleon.io/