COBALT LEND - A NEW WAY FOR SMALL BUSINESSES TO BORROW & LEND CAPITAL!

in cobaltlend •  4 years ago 

INTRODUCTION

The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank, completely governed by the community and therefor the community directly profits from its’ involvement. The current credit system is fundamentally flawed and the Cobalt platform corrects this by facilitating a community voted and approved lending program (For borrowers) on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it. Stakers / validators are the “Backbone” of the ecosystem and will be compensated in two ways, first by the verifying the blocks / transactions on the blockchain and receiving transaction fees that will be split with the treasury (And a small portion BURNED). Second by the dividends paid out periodically from the treasury based on positive performance of the projects funded through community voting process.

  • Laid out within this “Lite Whitepaper” is a simplistic version of out actual “Whitepaper” meant to be an easy to understand explanation of exactly how the Cobalt Lend ecosystem works between the borrowers, the treasury, and the stakers / validators.


ABOUT US

Envision having a pool of assets that has a place with the network, that any individual from the network can get from whenever as long as it is decided in favor of and affirmed by the network. A gathering of baffled people who were burnt out on the current broken credit arrangement of the rich get more extravagant and chose to transform it. The colleagues from different foundations including the scholarly community and the military, spread out everywhere on the globe. Cobalt Lend vigorously protects the mindset of a Worldwide Community and constantly works with DEV's everywhere on the world to bring to the network a superior more solid convention.

The Cobalt lend philosophy is to turn all colleagues and workers, both lasting and sub-contractor(s) every year to consistently guarantee a new and mysterious convention with the networks worries' as focus center. The Cobalt Lend Platform permits borrowers to gain admittance to issue free capital, affirmed/casted a ballot and upheld by a network depository. While procuring DeFi tokes.

Our designers are buckling down right presently to guarantee that we remain on target with the guide and have an extended dispatch date of Summer 2021. Meanwhile Cobalt Lend will work on the Ethereum blockchain with supporting Dapps.


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OUR MISSION

We are here to serve the community! We got tired of seeing the people who could use capital the most, continually turned away for funding no matter how small and justified the loan. We aim to fix this by instituting a protocol on the blockchain that allows for community approved lending at minimal fees and low over head, with both the borrower and the community benefiting.


WHO WE ARE

A group of frustrated individuals who were tired of the current broken credit system of the “the rich get richer” and decided to change it. The members of our team come from diverse backgrounds including academia and the military, spread out all over the globe. Cobalt Lend heavily preserves the mentality of a “Global Community” and continually works with DEV’s all over the world to bring to the community a better more reliable protocol. The Cobalt lend ideology is to rotate all team members and employees, both permanent and sub-contractor(s) annually to always ensure a “fresh and anonymous” protocol with the communities concerns’ as center focus.


WHAT WE DO

  • Blockchain Development
  • UI UX Design
  • Website Development
  • Marketing & Research
  • Social Media Development
  • eCommerce Store Development
  • Tech Support
  • Wallet To Wallet Support
  • Point Of Sale Terminal Integration
  • Implementation Of Virtual Card Within Crypto Wallets
  • Empowering Small Businesses Through Crypto-Currency Adoption Transacting And Lending


OUR 6 PART DEVELOPMENT PROCESS

  • Discover
    Constantly looking to innovate with new products and technology. Investing in tomorrows’ ideas, today! Small Businesses are the main focus of the Cobalt Lend Protocol.
  • Define
    Expose all angles of the potential problems and lay out the possible solutions, while helping and coaching our partners.
    -Thomas Edison said: I didn’t fail a thousand times, I found a thousand ways that didn’t work.
  • Design
    We work with some of the industries most experienced web designers and Web 3.0 developers. We are constantly exploring new blockchain innovations to further the community efforts and simplify a normally mundane task, therefor reducing redundancy and slippage.
  • Develop
    Development is done in a well structured environment and overseen in stages with a “move fast and break things” mentality but with the over sight and direction of disciplined bright minded individuals that hail from academia and elite military units.
  • Deploy
    Deploying any application is careful manner and fully researched and planned. However, we do move forward faster then most crypto projects. This motivated, move fast attitude is reflected in our project leadership.
  • Deliver
    Delivering on any project is always the main goal and must be balanced with delivering a trust worthy project to the community and doing so within a timely and reliable manner.


WHY CHOOSE US?

Because we are you. We are the members of your community, your neighbors, and your friends. We have been here the whole time, why not join the revolution and take the power back from the banks who have controlled our finances long enough?

  1. Community Involvement : Community involvement is the main objective of this ecosystem. This will be the number one priority when implementing any upgrade or change to the Cobalt Lend Protocol (IE: The Mobile Wallet with integrated EPNS).
  2. 24x7 Live Support : Connect with us on social media or contact us directing via email & through our “Contact Us” page.
  3. Result Oriented Projects : Our results will always be posted on the website and ultimately the blockchain too. We believe in complete transparency.
  4. Dedicated Support Team : Our team has been working tirelessly since 2017 to bring this idea to fruition. We are implementing a support structure that will enable all tier support for all our community members 24X7 throughout the world.
  5. ROI & Tokenomics : Please see white paper for ROI and Tokenomics. For complete return of investment in the Cobalt (CBLT) Token and how exactly the deflationary model works with burning token fees along with the “dividend” pay out model see white paper.
  6. Experienced Professionals : Our team consist of experienced professionals with backgrounds in the US military and Universities through out the Americas. This collaboration has truly brought together something great and decentralized to live on in the community forever!


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WHAT DOES COBALT LEND BRING TO THE BLOCKCHAIN ECOSYSTEM

  • BORROWING & LENDING : Being able to lend excess capital to other borrowers within the ecosystem in times of surplus, in order to benefit from interest on the loan. Borrowing capital faster and easier then with traditional lending institutions all from you mobile phone.
  • COBALT LEND SOFTWARE SUITE : The Cobalt Lend proprietary software enables cryptocurrency and credit card processing all together in one mobile Dapp – NO extra costly hardware needed. See more about how the Cobalt Lend Software Suite works here.
  • OUR FOCUS IS SMALL BUSINESSES : Cobalt Lend aims to bring together a blended community in order to facilitate borrowing and lending within the same community. This allows the community to benefit instead of the banks.
  • COMMUNITY VOTED LENDING : The current credit system is fundamentally flawed and the Cobalt Lend platform corrects this by facilitating a community voted and approved lending program on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it. To learn more about community voting in the Cobalt lend ecosystem click here.


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A FEW ADVANTAGES OF WORKING WITH US

  1. Remote Working
  2. Paid Time Off & Sick Pay
  3. Through Aflac – PAID
  4. Maternity Leave for both Men & Women
  5. Paid Vacations
  6. Equity Sharing
  7. Create Your Own Schedule
  8. Expense Accounts
  9. Housing & Travel Allowance
  10. Regular Bonuses & Performance Bonuses
  11. Promotion From Within
  12. Education & Development Opportunities
  13. Insurance Packages Available
  14. Hiring & Referral Bonuses
  15. Paid Gym Membership & Wellness Program
  16. Paid Education Advancement

The Cobalt Lend I.E.O. is being hosted on the BeeEx.com exchange on November 28th, 2020 and Cobalt Lend is running its’ Private Pre-Sale now through this website. To participate in the Private Pre-Sale and become a “Legacy Investor” before the I.E.O.



I.E.O. & PRIVATE PRE-SALE

  • Two ways to participate in the Cobalt Lend Token Sale
  • First Way: I.E.O. BeeEx.com Starts Soon: November 28th 2020
  • Second Way: For larger scale investors use the form below



TOKEN COBALT INFORMATION

  • Symbol: CBLT
  • Tags/Notes: No tags or notes
  • Total Supply: 1,000,000,000.00 CBLT
  • Market Cap: $ 0.00
  • Decimals: 18
  • Owner: 0x04054436a34055aFED575D2AE7d6555D05417562
  • Transfers: 121
  • Holders: 85


TOKEN DISTRIBUTION / ALLOCATION

  • Tokens available to public at launch: 1 Billion (20% allocated for Token Sale) More Details of token distribution (corresponding directly to the ETH raised at the token launch)
  • Cobalt Founders: 10% of max; 100 million CBLT.
  • Foundation: 22.5% 225 million CBLT.
  • Treasury: 42.5% Makes loans & Pays dividends to incentivize users to participate in the CBLT ecosystem (Approx. 20% of the treasury supply will be locked until voted by community to unlock -guaranteed locked until launch of native blockchain).
  • Presale: 20% sold at the Presale through website & various channels. - Minimum sale amount will be ~ 1 Eth / 4,500 CBLT Tokens (Excluding GAS fees) Planned Airdrop / Earn-Drop: 5% 50 million reserved to make early adopters of Cobalt Ecosystem and the (CBLT) Token No new tokens will ever be created.

The Percentages (fees) collected and then redistributed are initially set by the Foundation. Careful calibration of these parameters is an absolute must and will only be turned over to the community when a “Fool Proof” protocol can be implemented to safeguard against excessive fees that have plagued so many blockchains and do NOT incentivize the borrower or the community as whole.


ROADMAP

  • October 2020 Token Sale
    -Earn-Drop
  • November 2020 Expand into Canada
    -Provide more funding for global DEVs to continue operations
  • January 2021 Launch EPNS for voting via mobile phone
    -Wallet launch with built in voting
    -Launch aggressive Marketing Campaign with contacts in North America, Sweden, & Japan
  • Summer 2021 Launch Protocol
    -Start funding community loans



CONCLUSION

By cutting out all of the “Red Tape and Bureaucratic Non-sense” that prevents the average citizen from obtaining loans in the conventional credit markets, we will be able to stream line the process and greatly expand the availability of all size loans to the masses. The only true way to achieve this is by putting the community completely in charge of the protocol – Governance. -Ultimately the role of authority exercised by the Foundation will be greatly diminished by design.


ACCURATE INFORMATION


AUTHOR

cobaltlend blockchain cryptocurrency cblt defi
4 years ago by

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