HOMELEND ~ PLANKTON

HOMELEND - A MORTGAGE CROWDFUNDING PLATFORM

Foto Homelend's Page.

Peaceful greetings of the universe, this time I will discuss about ICO or project HOMELEND, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).

WHAT IS HOMELEND?

Homelend is a decentralized platform enabling the next generation of homebuyer mortgage financing. Homelend creates an interface for direct interaction between borrowers, lenders and other parties involved in the mortgage value chain. By doing so, it enables mortgage crowdfunding using a peer-to-peer model with the security, transparency and automation provided by distributed ledger technology (DLT) and smart contracts.

MORTGAGE LOANS ARE AT THE CORE OF SOCIETY

Having a home is one of the basic human needs – a need most people are only able to afford by taking out a mortgage loan from the bank. In the U.S. alone, more than 8 million mortgage loans are granted every year.

AN ARCHAIC $31 TRILLION INDUSTRY YEARNING FOR DISRUPTION

The U.S. mortgage market is valued at $14 trillion, and the global market is expected to reach $31 trillion by the end of 2018. Yet, despite how central this market is both socially and economically, the traditional mortgage lending system remains incredibly primitive.

The system relies on lengthy and complex paper-based processes involving various intermediaries—processes that are laden with inefficiencies and overhead costs for both borrowers and lenders.

Moreover, mortgage loans are largely unattainable for the new generation of young borrowers, excluding millions of creditworthy individuals from obtaining home loans due to outdated assessment criteria.

THE HOMELEND ADVANTAGE

From manual & lengthy, to Streamlined & EfficientBy embedding pre-defined business logic into smart contracts, digitizing documentation and eliminating unnecessarily processes, Homelend will automatically execute an end-to-end origination process, cutting it down from 50 days to less than 20.

From Costly Intermediation to Cost-Effective & Middleman-FreeThe immutability, security and transparency provided by DLT makes it possible to record transactions, including loans, without banks acting as middlemen. This will reduce costs for both borrowers and lenders, while minimizing the distance between them.

From Ambiguous & Clunky to Transparent & User-FriendlyHomelend aims to create a lending process that is not only smart, but also simple and fair. It will enable borrowers will be able to easily apply for a loan, track their application status at all times and interact directly with mortgage lenders.

From Vulnerable & Unreliable to Trusted & Secure Centralization and paper-based processes are the key factors behind the insecurity and vulnerability that characterize the traditional mortgage industry. The unique characteristics of DLT and smart contracts enable Homelend to provide a platform for people to transact large amounts of money in a trusted, transparent, and secure way.

THE HOMELEND TOKEN (HMD)

The HMD token is the fuel powering the Homelend peer-to-peer lending platform. It’s main functionality is to grant access to the Homelend platform.This utility token also plays an instrumental role in enabling a fast, smooth and user-friendly workflow that is unified and secure.
All tokens can be converted to and from HMD.

Specifications

Symbol………………………..HMD
Total Supply…………….250,000,000
Standard……………………ERC-20
Face Value………………..1 ETH= 1,600 HMD
Accepted Currencies…BTC, ETH, USD
Softcap………………………..US$ 5,000,000
Hardcap………………………US$ 30,000,000

TOKEN ALLOCATION

28% Pre-sale36% Public sale20% Reserve Fund8% Advisors and Bounty Program8% Founders