Market research filters out some unique features of the system that are not found in other competing platforms:

I. The Credit Marketplace

The first unique feature will be the implementation of a loan marketplace. The borrowers and lenders that register on the platform will be prompted to declare their requirement set in terms of figures. A lender will declare parameters such as the tenure, the rate of interest sought, the maximum amount per loan from his corpus amount etc. The borrower will declare his offered rate of interest, the amount sought, tenure for which the loan is requested. The borrowers and lenders will participate in a loan matching flow much like a stock exchange with buy and sell orders.

II. Partial bidding on loan offers

The marketplace will also enable partial bidding on loan offers from borrowers

III. Crypto Collateral

The platform would allow for collateral in multiple cryptocurrencies like Bitcoin, Ether, Altcoins etc. There will be wallet support for each supported cryptocurrency and borrowers will deposit the collateral as per the conversion rates.

IV. Collateral valuation

The platform will manage the continuous collateral valuation and take remedial measures if collateral value fluctuates beyond certain prescribed intervals. For e.g, if Bitcoin valuation exceeds 100% from the time of pledging it as collateral, there will be a policy of releasing a certain amount of crypto back to the borrower.

V. Each loan agreement on Ethereum

The platform will follow template based loan contract, which will be deployed on the Ethereum blockchain as an agreement between the lender and borrower. The platform will have a loan contract template that will be translated into an Ethereum smart contract between the borrower and the sender. The transparency of the agreement will be expressed through a publicly visible deployed contract that will calculate the loan execution parameters through a well-defined, and indisputable computation.

VI. The USDT

The platform will use USDT as a means to disburse the loans, which will make it very easy for borrowers to convert it into fiat currencies. This will make the loan feasible for any kind of need.

VII. One Wallet for Everything

The platform will be powered by a wallet that will provide all the necessary features. In this way, a wallet based ecosystem will be created that will function similar to a bank. This will also take away the need for the users to make use of multiple platforms to meet all their crypto related needs by providing them with a consolidated platform that offers all the said features at one place.

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