BTCCREDIT

BTCCREDIT - Next Generation Decentralized Banking Ecosystem.

Overview
Blockchain is making history by shifting power from centralized entities into the hands of the consumers.
It has empowered people to manage their own assets without the intervention of any banks, brokers, or institutional monitors.
This is a welcome necessity since people risk too much today by allowing their crypto assets to be
controlled by a central entity. They don’t realize that it is not them but Wallets, Exchanges, & Lending Platforms that are controlling their assets. Hence, they have given up control of their identity, privacy, and money because they believe that they don’t have a choice. But not anymore. We aim to be the access point that provides people with this choice.
BtcCredit is an all-in-one decentralized wallet which gives you complete control of your Blockchain asset to Hold, Exchange, Lend, Borrow, Invest, and Stake.
This document outlines the design of a Decentralized Next-Gen Banking Ecosystem that is powered by decentralised multi-currency wallet, decentralised p2p lending, and decentralised p2p Exchange capabilities.

Market Analysis of P2P Lending
It is cited, that “According to Morgan Stanley, the market for Global Marketplace Lending may reach
$290bn. by 2020, with an expected Compound Annual Growth Rate of 51% from 2014 to 2020.”



Fixing the Lending Market
Today the inflation-adjusted interest rate in different countries varies based on the available liquidity. In high liquidity market, Europe, interest rates are between 0.5-5 %, in Russia 12-15 %, in India 12 % and in Brazil 32 %. This shows a clear inequality in the way access to the lending market is distributed across the world. We believe that this inequality between the borrowers should be flattened and huge market value can be created in the process, especially through opportunities of Arbitrage.
Banks charge 5-12% interest on loans and compensate you 0-1% for holding your assets with them. With the rise of crypto-currencies and Blockchain, you can now become your own banking institution.
BtcCredit makes this a reality for you. Not just this, you decide whom you want to lend your money to, on which interest rate, and it what mode. All of this is available thanks to Blockchain technology, on which the Wallet of BtcCredit relies on.



How Does it Work?
As a lender, a user enters the system and funds his system generated Wallet with USDTs. The system creates a lending profile where his acceptable loan parameters are recorded. The lender's loan profile becomes a part of a “credit marketplace”.
As a borrower, the user enters the system with his system generated Bitcoin wallet. The bitcoin funds in the wallet form the collateral against the potential loan. The borrowing requirement also becomes a part of the “credit marketplace”.
A system internal logic automatically matches and suggests existing loans and borrowers. A borrower or lender can also manually select from a set of loan offerings or borrower's requirements.
Once a loan is selected, and both sides agree to the parameters on the book, a “handshake” is said to have taken place, which will result in a deployment of a smart contract on the Ethereum network. The borrower's wallet will be funded with the requested USDT and a schedule for repayment gets created.

P2P Crypto Exchange
This is the second primary feature of the platform where the aim is to provide users with an ecosystem
where they can directly exchange cryptocurrencies with each other in a decentralized p2p marketplace.
No third entity will be interfering with the functioning of this decentralized p2p marketplace as it will be directly controlled and maintained by a Blockchain backed software tech. Hence, the current intermediary-based market is disrupted by and all the requirements of human middlemen are done away with.

Operational Workflow
The system will be automatically able to connect the buyers with sellers based on the terms they prefer.

• Lender logs into the system
• Transfers funds to his/her Wallet
• Posts a Sell Order
• Sell Order goes live
• Buyer checks out the range of available Sell Orders
• Buyer and Seller Are Matched
• Buyer and Seller negotiate the most optimum price
• Buyer meets the demand and transfers the funds
• Trade is completed
• Seller receives funds in his/her Wallet

TOKEN INFO
Token name: BTCC
Token Platform: Ethereum
Token amount for sale: 120,000,000
Preico token price: 1 BTCC = 0.05 USD
ICO token price: 0.1000 USD
ICO token supply: 40%

INVESTMENT INFO
PERSONAL CAP MIN: 100 USD
ACCEPT CURRENCIES: ETH
SOFT CAP: 2,500,000 USD
HARD CAP: 10,000,000 USD

Token Distribution







ROADMAP

Q4 2018
P2P Crypto Loan System Launch
The journey begins with Borrow-Lending, a Peer-to-Peer Crypto Loans System Launch.
Smart Contract On Ethereum
LDT Tokens Contract, BTCC Tokens Contract.

Q1 2019
USDT Lending system Launch
Users Can Lend USDT which is backed by LDT
Tokens and Smart Contract
Getting Apps Available on Mobiles
Getting the Lending Platform Compatible with
Mobile Phones.
Acquiring Licences
Acquiring Crypto Wallet and Lending Licences
Crypto Wallet Launch
Crypto wallet Launch.

Q2 2019
BTCC Token Listing on our Lending System.
Now users can Lend Using BTCC Tokens and can use BTCC as collateral.
P2P Exchange Launch
Peer-to-Peer Cryptocurrencies Exchange
Platform Launch.

Q3 2019
Staking Plan Launch
Staking plan launch for investor, who will be
benefited with interest on BTCC / BTC hold as
staking
ALT Coins Lending and Colateral
Now users can Lend Using Alt Coins and can
use Alt Coins as collateral.

Q4 2019
Crowd-Funding Platform
Peer-to-Peer Crowd-Funding platform

TEAM
Shrirang Muley
Kirankumar Kapure
Mayur Shrivastav

Advisory Team

SANG JAE SEO
JASON H.JUNG

For more information you can follow the link below:
Website ; http://btccredit.io/
Whitepaper ; http://btccredit.io/pdf/btccredit_whitepaper.pdf
Telegram ; https://t.me/btccredit1
Twitter ; https://twitter.com/btc_credit
Facebook ; https://www.facebook.com/BTCCredit-1017662868433011/
Medium ; https://medium.com/@info_60688
Youtube ; https://www.youtube.com/channel/UCLE1iXyR2aTEgx4x6mQ0Lig/featured?view_as=subscriber
Instagram ; https://www.instagram.com/btccredit



Author of the article:
Bitcoinalk username : Cintashany01
Profile link : https://bitcointalk.org/index.php?action=profile;u=1661845
Facebook : https://www.facebook.com/max.bebasmardeka
Twitter : https://twitter.com/tarjoe_maximum
Telegram username : @TarjoeMax
ETH adress : 0x2b53a131742A8d2a03771C168267888D7ed5974f