Pngme, as a global lending platform, provides opportunities for institutional investors who are looking to access alternative lending asset classes. This platform creates a transparent and fair lending platform where borrowers can access capital at a low cost as well as provides investors access to the alpha.
Pngme benefits borrowers by providing them a platform with the necessary tools with which they can credit score their customers as well as increase capital by the issuance of digital bonds that are sold to investors on its lending marketplace.
Marketplace lending, which was originally built to focus on a peer-to-peer structure, has now evolved into one that is dominated and controlled institutional investors as well as technical hedge funds who purchases loans directly from some platform who offer such lending services.
The problem with the evolvement, however, is that the buyers of the loans do not have have a say as to how the rates are set because this is done centrally based on risk profile and the scoring methodology of the platform.
What Pngme has done to solve this is to create a lending marketplace that is decentralized based on the blockchain infrastructure layer that is blended with banking infrastructure that facilitates asset settlements, transactions, as well as the use of digital and tokenized assets to collateralize loans.
The Pngcoin And The Pngme Ecosystem.
This token is operated on the Ethereum ERC-20 platform and it was created to be used by two primary stakeholders: Application users (individuals or business who uses the Pngme mobile App to either save money, make payments, etc), and network validators (they validate and authenticate transactions on the Pngme network and also take part in the governance of Pngcoin).
Users an acquire this token by registering on the Pngme mobile app, stake Pngcoin in their savings accounts, refer friends, or buy them via a secondary market. Also, Pngcoin will double as a discount utility token for app users who stake Pngcoin as a member.
The users, therefore, will be entitled to a particular discount on the Pngme ecosystem — discounts such as transaction fees when P2P payments are made from within the Pngme mobile app. An opportunity will be provided for everyone who buys or receives Pngcoin to review the potential risk involved in its buying of receiving.
To get a fixed Annual Percentage Yield (APY), application users are permitted to stake Pngcoin for 6,9 or even 12 months. The first 450,000 persons who register on Pngme mobile app get Pngcoin airdropped and the Pngcoin are issued in a decreasing amount until all is claimed. This initiative will help to attract more users onto the Pngme network.
There will be no initial public sale of the Pngcoin to investors. Instead, Andromeda Technologies Ltd. will be able to sell the unlocked token from its treasury via token grants, private sale, etc. The proceeds will be used to finance the development of Pngme.
To Wrap It Up.
Pngcoin is the token in which every opportunity that the Pngme network affords users will be accessed. The use of blockchain technology has now made the process of matching lenders to borrowers transparent as well as fair, as this will be done by the network’s proprietary risk management and digital scores.
If you are interested in more detailed information, you can visit this website and read their whitepaper . To follow the news of Pngme project, please follow their official media channels:
Telegram: https://t.me/pngmecommunity
Facebook: https://www.facebook.com/pngme
Twitter: https://twitter.com/pngmemobile
Medium: https://medium.com/pngme