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

COBALT LEND

COBALT LEND A NEW WAY FOR SMALL BUSINESSES TO BORROW & LEND CAPITAL
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 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. Borrowing capital faster at cheaper rates with less hassle.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.Access to Cobalt Lend proprietary software that enables crypto and credit card processing all together through a mobile Dapp – no extra costly hardware needed. Access to Cobalt Lend proprietary software that enables crypto and credit card processing all together through a mobile Dapp – no extra costly hardware needed. What does Cobalt Lend bring to the blockchain ecosystem?
Borrowing & Lending Within The Cobalt Lend Ecosystem At A Glance
Borrowing Made Easy Any wallet holder can submit a proposal for a loan to the community for a Vote, at any time. The Cobalt Lend treasury provides the funds for lending within the Ecosystem and funds are allocated after a community vote to approve proposal has taken place. Lending By Anyone Future implementation will allow for community members to contribute their excess capital from their mobile wallet to the Cobalt Lend treasury in order to participate in interest earned from the positive performance of the proposals. A Sustainable Ecosystem This model is completely governed by the community, both “borrowing” and “Lending” generate fees that contribute the overall revenue model of Cobalt lend.
Introducing The Cobalt Lend Software Suite Processing Credit Cards & Crypto-Currency Transactions Together In The Same FREE Mobile Dapp

Now that your businesses is set up with the free mobile software suite, you now accept crypto currency as payment alongside credit cards. The customer just needs to have a mobile wallet and one of the merchants accepted currencies, commerce can take place as usual.
Cobalt Lend implements a layer (2) solution in conjunction with our proprietary software application in order to process credit cards and crypto transactions seamlessly in the background in a time efficient manner to accommodate day to day transactions that businesses and individuals alike can rely on.
Payment is settled within seconds no matter which accepted crypto currency the customer is paying with. This allows the business to continue with the flow of normal operation, opposed to waiting for in some cases “hours” for a transaction to have enough confirmations to confirm a payment. More types of payments accepts by merchants at a faster pace is good for everyone!
Cobalt lend will be releasing a physical debit card that offers “cash back” rewards to compliment the virtual card inside the mobile wallet. The Cobalt Lend Foundation is in current negotiations to have our physical debit card “chipped” and approved for master card and visa terminals through third party providers. Our Focus Is Small Businesses
Borrowing & Lending Cobalt Lend will provide easily accessible capital straight from your mobile phone wallet along with allowing individual users to contribute excess capital to the treasury in order to create a profit sharing scenario. Bridging The Gap The Cobalt Lend ecosystem aims to bridge the gap between processing cryptocurrency transactions and credit card transactions, by offering a free software suite to community members that handles this integration seamlessly. Community Voting
First Step: A community member (registered user & wallet holder) submits the necessary documents to the Cobalt Lend Foundation dashboard for review – otherwise known as “submitting a proposal”. There is a fee for submitting a proposal that is determined by community vote and adjusted accordingly. Second Step: The Cobalt lend Foundation receives and vets the proposal for community vote ensuring all documents are correct and accurate meeting “Community Standards” set forth by The Cobalt Lend Foundation & Community. If the proposal meets all prerequisites, then it is put up for community vote through the user portal dashboard and the Foundation supplies the borrower with a smart contract address for collateral to be locked in until loan is fulfilled or proposal is denied by community vote. Third Step: The proposal is now available for voting by the community inside the user dashboard for (5) days. The community has the option to fund or deny the proposal. The cost to vote on a proposal is (1) Cobalt (CBLT) Token – this to is determined by community vote. All community member’s who vote on proposals will be entitled to interest earned from positive performance / interest earned from the proposal voted on. This mechanism ensures that both parties (yes & no) vote equally to protect the treasury. Forth Step: If funding is approved for the borrower and the they sign the terms of loan, funds are dispersed from the treasury to the borrowers’ wallet. The borrower then repays loan over time as per “terms of the agreement” previously signed with interest and ultimately unlocks the collateral when the term of loan is fulfilled. Lastly: Assuming the borrower repays the loan, the interest is ultimately divided between the treasury and the original wallet addresses that voted on the proposal, thus sustaining the model and encouraging future participation in the ecosystem.
HOW WE PLAN TO INCENTIVIZE THE COMMUNITY?
Community Members (wallet holders) are incentivized by receiving free Cobalt (CBLT) Tokens for borrowing or lending within the ecosystem. Community members who voted on proposals will receive dividends paid out in Cobalt (CBLT) Tokens periodically by the treasury based on the positive tracked performance of the projects funded by the community through the treasury. The treasury will also conduct periodic buy backs of the Cobalt (CBLT) Token as well. This along with the “coin burn” occurring routinely on the protocol, will contribute greatly to the deflationary model and therefor increasing the overall value for investors / wallet holders. Website : https://cobaltlend.com/ Telegram : https://t.me/cobaltlendgroup Author : https://bitcointalk.org/index.php?action=profile;u=2552654