GENERAL INSIGHTS
Looking back and laying emphasis on my previous post about this great project it is good to note that the mortgage market has a few problems with its infrastructure and possess difficulty in accessment.
For instance,the mortgage market has huge potentials with over $9.9 trillion in the United States but varies in other parts of the world and also there are some risk-averse institutions that might not want to lend to even the most qualified and creditworthy customers which in return increase the rapid rate of poverty globally. The urgent need to develop a project that has an MVP products is extremely important.
This is basically the priority of the project to build a new blockchain-enabled marketplace for mortgages and gives leverage to Institutional and private lenders to utilize fully the services to offer loans to a wide range of borrowers, which is been introduced by Block66 broker partners.
The project through its blueprint has strategic measures through the practical use of smart contracts, loans can be taken from origination to facilitation, quickly and efficiently. Nevertheless,loans are also represented as tradable tokenized securities, providing a liquidity mechanism as standard.
Structures has been created to enable trade fractions of loans, and reduced order and issuing fees makes investing more inclusive, providing an attractive investment vehicle for all manner of investors.
All these goodies are made possible through the empowerment of cryptocurrency.
BASIC FEATURES
These characteristics makes the platform to stand out because the structures and strategies in its blueprint has given a massive anticipation for the project to totally eradicate the level of accessibility towards mortgage grants.
Identity Checks: Block 66 works by using third-party APIs to send out identity checks (KYC) to verify the borrower’s identity. This helps brokers detect fraud and meet regulatory requirements.
Virtual Underwriters: The system sends an application to a virtual underwriter if it’s unable to make a valid borrower file automatically. The broker or client will pay for the fees in ETH.
Block 66 Network Tokens: These tokens are used to pay for services conducted on the Block 66 Network. With them, you can have faster access to mortgages on its platform.
All these highlighted points makes the project unique and different with positive potentials to upgrade the ecosystem.
UNIQUENESS OF BLOCK66
Block 66 aims to give legal assistance through various geographies. It does this to protect the users from borrower defaults through multiple partnerships and creates medium of protection.
Lender Incentives: Apart from the U.S and Canada during the mid-term, Block 66 lenders will have exposure to modern markets, this includes emerging economies.
Block 66 is aiming to disrupt the home and global mortgage industry. Even though the market is growing, it can be difficult for customers to receive their mortgages without a lengthy process. Block 66 speeds up this process and creates a decentralized system to help it scale for a high number of users.
Block 66 will be focused on assisting them first. In their white paper, the project will use blockchain technology to issue the mortgages on the platform. These mortgages are also physically represented by a Digital Trust Fund.
TEAM
The project constitute of great individuals that's have excelled in their various fields but aligned together to make sure the constant creativity and development of the ecosystem is guaranteed. Block 66’s team is known for their developments within the FinTech industry. With over 20+ years experience and a strong vision, there is a high chance this team will bring the project to completion.
TOKEN INFORMATION
Token B66
PreICO Price 1 B66 = 0.07 USD
Price 1 B66 = 0.10 USD
Platform Ethereum
Accepting ETH, BTC, BCH
Minimum investment 100 USD
Soft cap 3,000,000 USD
Hard cap 12,285,000 USD
For more details access the links below
Website
https://block66.io
Whitepaper
https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view
Ann
https://bitcointalk.org/index.php?topic=4511083
Medium
https://medium.com/@block66
Facebook
https://www.facebook.com/Block66Official
Twitter
https://twitter.com/Block66_io
Reddit
https://www.reddit.com/r/Block66/
Author's details
Name: Dulo Wegner
Bounty0x username
Dulowegner