Crypt-ON: Blockchain Trust Rating For Peer To Peer Crypto Lending?

According to Ben Horowitz who is the co-founder of Anderson Horowitz investment fund, the crypto market lacks several features. But it has a feature that has never existed before, and this is trust. With the crypto market, you don't have to trust Twitter, the government, or Facebook you just have to trust the math it does for you.

The financial industry is where the current use of the blockchain technology seems to be reasonable and exciting for many but at the same time crucial.

You might find it a little strange how a field that is tightly connected to very hard math is one of the most vulnerable industries to the human element. The grid that is existing in most of the power structures plus wasteful natures taking place is the interactions between transacting parties, thus, it has led to the need for a drastic change to take place.

In the fintech field, one of the leaders is the P2P loan market that was rated to be around 64 billion dollars in the year 2015. The market cap may actually reach 290 billion dollars by the year 2020, this is according to a projection done by Morgan Stanley.

The loan interest is set to be 2 to 3 times higher than the deposit interest in the traditional fintech sector. Therefore, both the lenders and the borrowers tend to lose considerable resources to the third parties in transactions that can actually be done without them.

As a result, it has led to a significant additional time expenditure that grows in the direct ratio of the size of the loan making it unsustainable. Their requirements and validation process are all governed by the intermediaries, not the transacting parties. Therefore, eliminating the third-party will immediately make the P2P loans more attractive in the market.

The Trust Rating

A comprehensive solution is offered on the Crypt-ON platform for a convenient and secure P2P lending environment. All the transactions have been made safe this due to the multiple types of smart contracts offered. This is not all as there is an additional security measure independent arbitrage system that will be decentralized; this is as the community continues to develop.

The trust token will be the critical element being displayed as a rating. It would be able to contain the needed information about actions, users, user reviews, and the deals summary. When the evaluation is higher, it is an indication that it is a beneficial condition for the loan that has been made available to the user. Additionally, the trust token will be easily used in other services.

The Volatility Issue That Is Currently In The Contingency Fund

The platform has been designed to allow loans to be taken in a number of crypto coins as well as the stablecoins. The market rate of the stable coins will be kept at a level to alleviate the current issues being faced with loans within the crypto market. In the event, the Hard Cap has been reached the contingency fund will immediately be put in place containing about 20 million I-point tokens.

The Synergy In P2P

One of the four primary categories in business is the P2P loans which will be present on the Crypt-ON platform. The platform has been designed to feature some of the secure deals a crypto employment office and some geo-targeting assisted exchange.

As a result, this will make the trust token to be one of the most important assets as it helps in instantly providing real information to the users. If you'd like to know more about the Crypt-ON services and their term, then visit the official website.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide