6% weight

Just some general thoughts, while we are preparing a full report for our investment club.



Team:

A strong team with some connections and experience in the subject.



I can't see enough tech developers and any confirmed blockchain expertise though, so it may be a concern. Also, this project may benefit from more legal and back office professionals, since those parts may be a challenge or a nightmare, considering the subject, the user localization and the industry of this project.



Vision:

The problem is well explained and looks clear. The solution in question looks like a good fit. It is not actually revolutionary, it still may be exposed to some of the mentioned problems (can't prevent from the fraud entirely. and new types of fraud may arise purely targeted to such platform; high risks will still be in place, while the platform is not established alongside its currency and exchange means won't become free from financial risks etc.), but that's also a good thing, since it means easier market adoption.

Milestones and the whole business strategy are a bit broad, what leaves a lot of space for costly mistakes and fails.



Product:

Product is far from being ready. Legal part of this product looks extremely hard to delivery in a satisfactory manner for cross border loans, their correct taxation reporting and all unfortunate, but realistic loan default consequences.



We will conduct a full review later.

+1 Agree +1

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