BULLEON Change The Way Transactions Of The World

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.

Risk Management and Assurance

Apart from the protection that comes with the flexibility of interests rates, open access to information about users and direct choice of interests between peers, all loans on the platform are protected by Buyback and Default guarantees, which allow users to have full control over your finances at any given time. Through Buyback, the platform obliges itself to buy back the investment in 1 single day in case the clients wish to stop investing.

Default Guarantee is activated when a borrower is late with the payment for more than three days. Bulleon will cover all late installments with digital assets held by borrowers.

Conclusion

Bulleon is growing in stature by the day even at its ICO continues to command more global patronage. With the full deployment of this Peer-to-Peer lending platform the company has opened a priceless vista of global wealth building to the individuals seeking loans and investors alike. Regardless of the budget thanks, Bulleon’s no-fees and low entry point service is a perfect tonic for the next global economic boom for all the world’s population. Small budget investors, seasoned investors, moneybags, everyone can reap the benefits of the Blockchain revolution.

LINKS:

WEBSITE: https://bulleon.io/
WHITEPAPER: https://bulleon.io/blackpaper_bulleonn.pdf
OFFICIAL ANNOUNCEMENT THREAD: https://bitcointalk.org/index.php?topic=2354399.0
OFFICIAL BULLEON BOUNTY THREAD: https://bitcointalk.org/index.php?topic=2384276.0
MEDIUM PROFILE: https://medium.com/@Bulleon_net
REDDIT: https://www.reddit.com/r/Bulleon/
GITHUB: https://github.com/Bulleon/contract/

SOCIAL CHANNELS:
FACEBOOK: https://www.facebook.com/bulleon.net/
TWITTER: https://twitter.com/Bulleon_net
TELEGRAM (discussion): https://t.me/bulleon_official
TELEGRAM (annoucements): https://t.me/bulleon_announcements