CHECQIT BOUNTY
CHECQIT
What is the Bounty CHEQIT platform?
CHEQIT is the first decentralized peer-to-peer loan platform that would normally allow someone to increase their guarantee against a quick and secure loan immediately available on their CHEQIT debit card or directly on the established portfolio platform. The CHEQIT premium platform operates a network of Ethereum block chains and uses multiple smart contracts to transfer CQT tokens from a person or organization that is the lender to the borrower who is the borrower. The main mission of CHEQIT is to provide blockchain peer-to-peer loans around the world, more reliable and more accessible than existing banks and other lenders. With crypto-currencies, people can get their wealth as they want and essentially become their own banking institution. CHECQIT gives you the opportunity to set an interest rate and decide who you want to lend your money to. All this is possible with blockchain, a revolutionary technology based on CHECQIT.
Efficient and simple user interface
CHECQIT focuses heavily on the user experience. We are constantly improving our interface with new features. By introducing a system that uses Ethereum-based applications, a larger audience can be fascinated and integrated. Any innovation and improvement of decentralized applications is easily implemented by our systems and we will constantly create and update new configurations to improve usability.
How does Cheqit work?
The idea behind the CHEQIT project is to connect investors or lenders (those who want to borrow money) and borrowers (those who need a loan for a personal or commercial project) via the platform. ready CHECQIT. Everyone wins: For the lender, this is one of the best financial investments with a very attractive interest rate. For the borrower, this is a way to get rid of banks, their hidden commissions and especially their exorbitant interest rates. The CHECQIT credit platform charges a small commission of 0.5% for each transaction on its platform, offering users two options: having a borrower or an investor. An investor on our platform can raise funds by placing CQT tokens on borrowers by setting an interest rate and a desired term, or by holding CQT tokens in their portfolio to receive dividends on our fees. Platform . These dividends can be reinvested automatically so that the investor can use the powerful capitalization capabilities.
This system will enable CHECQIT to stabilize the ecosystem and diversify its portfolio investment. This gives investors the opportunity to invest their money in multiple technologies, reducing their risk and providing them with multiple sources of income.
A borrower has quick access to his loan, which is spent only in CQT chips. This loan is secured by a separate cryptocurrency deposit on the CHEQIT portfolio, which, in the event of non-payment of the loan to its owner, is linked to the platform as collateral. The difference between the CHEQIT reward platform and other peer-to-peer peer platforms is our primary goal of providing our clients with quick access to their loans by depositing them directly. on his CHEQIT card. CHEQIT Portfolio that supports Ethereum and ERC20 tokens.
The current credit market is still managed according to the same procedure introduced several hundred years ago. But the platform CHEQIT Premium has evolved to become a technological era in which cryptocurrency has a large market and is rapidly gaining ground. CHEQIT believes that Blockchain is likely to revolutionize our society as much as the Internet in its time.
The block chain of the CHEQIT reward platform is defined as a fact log that is replicated to multiple computers connected through a peer-to-peer network. Networked computers are called nodes. The communication between the nodes is encrypted and guarantees the identity of the sender and the recipient. When a node wants to add a new fact to the registry, it proposes it to the network, which creates a consensus on where and when that fact should be recorded in the registry. This consensus is called a block.
Increasing competition in the global credit market will give borrowers more favorable credit facilities, as banks and lenders lower their interest rates to stay in the game, leading to increased liquidity in the market and reducing the ratio liquidity for different countries. and Pakistan, which makes them all the same in terms of loans. By removing banks as intermediaries in the transfer of assets between participants, a more uniform and democratic financial system can be created in which the world is more equitably shared and wealth is more accessible and transferable.
Financial democracy and easy access
The implementation of blockchain-dependent strategies destroys barriers; Blockchain allows lenders and borrowers to place loans anywhere in the world. This peer-to-peer market increases the liquidity of previously limited markets.
CONCLUSION
There is a bright future for blockchain decentralized loans. CHECQIT's decentralized credit platform is constantly being redesigned, updated and reinforced by our team to keep in touch with the growing demand for decentralized credit.
The CHECQIT credit platform allows users to be much more carefree with their loans and credits, while making the market much more convenient, accessible and scalable. The road to decentralization begins today and this path will be coherent, creative, innovative, effective, competent and accessible to people around the world, without exception or hindrance.
For more information, please visit:
The link of the site: https://checqit.io/
The white paper document link: http://checqit.io/whitepaper/whitepaper.pdf
Author: rawon ayam
eth : 0xeb9119547541f21C25e18d476D3D13DF2329eD4B
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