Greetings to you all readers, in this article i will be discussing what exactly this brand new and groundbreaking innovation(ETHIC HUB) is all about and i will appreciate your standing by till the end.
Thanks to the world of technology mixed with the innovation of this company(ETHIC HUB) making it possible for the success of this platform and standing it out in the wild of Cryptocurrency with its exceptional cutting edge effort, as a corner stone and swift transformation to evolve.
ETHIC HUB OVERVIEW
Ethnic Hub is a blockchain based platform that will connect people from the developing countries with the investors capital. This will benefit both parties – lenders will gain interests, while the ones who loan money will get funds for their projects with smaller fees.
Money transfers will be fast and safe thanks to the blockchain technology, and as the platform is built on Ethereum network, there will be smart contracts as well. The team is also introducing the native ETHIX ERC compatible tokens that will be used on the platform.
Over 2 billion of unbanked people will finally get an opportunity to fund and start their projects thanks to the brilliant Ethic Hub team!
What makes Ethic Hub distinct?
You might be wondering what makes Ethic Hub different considering the fact that there are other similar platforms. SaltLending and CoinLoan for example which are similar platforms are focused on token guaranteed loans, so it will remain a niche project until an important economy’s tokenization process is generated. Its borrowers are already banked. Well, we are the only platform that charges commissions only if there is an occurrence of achievement, that is, previously the advance has been paid. We believe that nobody should profit by an unpaid credit.
Our overall hypothesis is that the effective interest supported by borrowers for annual loans amounts to about 27%. Currently this same borrower profile, if able to get credit at all, is supporting interest rates above 100%.
Is there a minimum and / or maximum amount for the loans?
At the beginning, and since the initial development and promotion will have a significant cost, we will focus on loans between € 1,000 and € 2,000 per borrower, aimed at small farmers in Chiapas, Mexico, choosing this area due to our previously attained know-how relative to how to obtain minimum rates of default in these communities and it meets the objective of facilitating credit access to unbanked people, in addition to being projects with a positive impact.
Is there a minimum and / or maximum amount for the loans?
At the beginning, and since the initial development and promotion will have a significant cost, we will focus on loans between € 1,000 and € 2,000 per borrower, aimed at small farmers in Chiapas, Mexico, choosing this area due to our previously attained know-how relative to how to obtain minimum rates of default in these communities and it meets the objective of facilitating credit access to unbanked people, in addition to being projects with a positive impact.
Ethic Hub is led by the highly competent team. They have a lot of people in the team like developers, blockchain specialists, lawmen, PR and many more. Together they have knowledge and ability to fight with every challenge that comes their way.
The team of ETHIC HUB is consisted of entrepreneurs with experience in business management, innovation and entrepreneurship, financial intermediation, technological development and marketing. This means that they have all the necessary knowledge to make this interesting project work.
TECHNCAL TEAM
THE ICO
There are provision of few ways to get the tokens. One of them is through the participation of the ICO, by so doing, you are supporting the liveliness of the project to help them reach their goal.
For more additional details, please visit below :
There are provision of few ways to get the tokens. One of them is through the participation of the ICO, by so doing, you are supporting the liveliness of the project to help them reach their goal.
For more additional details, please visit below :
Website: https://ethichub.com/
White Paper https://storage.googleapis.com/stateless-landing/documents/EnglishWhitepaper.pdf
Facebook https://www.facebook.com/ethichubcrowdlending
Twitter https://twitter.com/ethichub
Telegram ESP- https://t.me/ethichub or ENG- https://t.me/ethichubeng
Medium https://medium.com/ethichub
White Paper https://storage.googleapis.com/stateless-landing/documents/EnglishWhitepaper.pdf
Facebook https://www.facebook.com/ethichubcrowdlending
Twitter https://twitter.com/ethichub
Telegram ESP- https://t.me/ethichub or ENG- https://t.me/ethichubeng
Medium https://medium.com/ethichub
Bounty0x Username: Joecolern
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