The Deal Coin — Review of ICO

The Deal Coin is a platform that will deal with lending using a blockchain mechanism, decentralization with P2P lending, which will ensure the security and transparency of all transactions.

Problems of the Industry:

At the moment, there are a lot of problems in the sphere of crediting, the solution of which is addressed to the platform. As two most basic problems can be distinguished: absolutely different and often high credit rates and the difficulty of obtaining loans. If in the US the loan rate for different loans starts from 3.5 percent, then in the CIS countries the rate starts at 20 percent, and in Brazil, it can be all 50 percent, which is simply an outrageous example of banking impudence. In addition to the fact that we have such rates, we also have a problem in obtaining a loan. Often you are checked on various instances before receiving a loan for several weeks, and once you have been approved, the checks can last. To get money, sometimes you have to wait a few weeks to a couple of months.

Decision:

The platform will have a rich functionality, thanks to which lending will be safe and fast. From this functional in an example it is possible to result:

  • asset verification and lexical analysis;
  • ensuring a real valuation of assets for potential lending;
  • the use of smart contracts for easy understanding of contracts and their rapid conclusion;
    identity check;
  • databases of all customers;
  • mobile platform application for fast checks.

Thanks to the mechanism of the blockchain, you can see the flow of assets into your account and you can track how the borrower disposes of them. Thus, you will know that a person really uses the funds for the intended purpose.

Tokens Platforms and their Sale:

DLSD tokens will be used to use platform functionality for issuing and receiving loans and other similar transactions. In total, 1 billion tokens are generated. The soft cap project is $ 5 million and has already been achieved. Hard cap of the project is 50 million dollars. The price of one token is 10 cents. You can buy tokens for a currency, as well as ETH, BTC, Ripple. Public sales will begin on May 4 and will last 12 weeks. The distribution of tokens will occur within 2 weeks after the end of sales.

Distribution:

On account of the distribution of tokens, we can say the following: 65% are allocated for sales, 15% for founders, 10% for a development team, 6% for advisors and 4% for bounties.

On account of the distribution of collected funds: 35% will go to the development of the platform, 25% for operating costs of the platform, 20% for marketing and 20% for legal costs and permits.

Roadmap:

On account of the history and plan for the development of the platform, we can say the following: the company’s creation and the development of the concept and other moments was started in May 2015. In 2018 there is a sale of tokens, their listing in the stock exchange, the development of platform functionality. In Q1 2019, the P2P platform strategy will be launched and all functions will be connected to the platform to work at full capacity.

In conclusion, I want to say that the development of decentralized applications that use cryptocurrency, the mechanism of blockchain, smart contracts and P2P operations is quite popular now. It is these platforms that now attract people. This project has a good idea and at launch will be excellent functionality with easy use. And the fees are quite impressive. It remains to wait for the completion of sales and the opening of the platform for its full use. For more information, see WhitePaper. Good luck!

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