HOMELEND - A Mortgage Crowdfunding Platform

in #blockchain6 years ago (edited)



The mortgage lending industry over the years has provided housing financing for millions of individuals. The need for shelter is a basic need of man and in order to purchase a house a lot of individuals require the services of financial lending institutions to obtain loans and finance the purchase. The industry has been serving it’s purpose over the years but it doesn’t mean it has been without faults, faults both borrowers and real estate agents can attest to.

An Inefficient System

Think of all the problems people have to go through daily in order to obtain mortgage loans and you will agree that the current Mortgage system is skewed and there is a great urgency for change. The current system is marred by a lot of inefficiencies in the processing of loans, less secure, lack of transparency, high cost, takes longer time than necessary. Many of the these problems are as a result of the huge interference of middlemen and unsecure database of financial parties which lends it to being susceptible to hacks or data abuse.

A Revolutionary Lending Platform

Then imagine all the benefits a system that is built around smart contracts that automate business processes at and when due, and a Distributed Ledger Technology (DLT) that relies on the different nodes in the newtwork to store data with no singular point of failure. This is the revolution Homelend is Chairing. Homelend is a revolutionary blockchain solution that intends to simplify the process of obtaining mortgage loans through a number of automated processes that has been designed to eliminate the current complexities in traditional mortgage industry. Homelend is basing its peer to peer lending platform through Distributed Ledger Technology (DLT) and smart contracts. This will improve the performance and ease in which loans are obtained. They will be able to prevent fraudulent activities and provide a secure, transparent, and low cost environment. The absence of middlemen in the Homelend ecosystem will greatly reduce the time spent, cost and complexities of obtaining loans.


The Homelend platform is made of borrowers who apply for loan, lenders who provide loans, sellers who put up their property for sell and third parties who work in coordination with Hoemlend to provide different services. Homelend succeeds in providing the layer that integrates these parties directly without the influence of theirs parties. Borrowers will be able to obtain loans from the Lenders in the system in order to buy properties listed by sellers.

Token Details & ICO

The Homelend (HMD) token is the economy driver of the Homelend ecosystem. It is based on the Ethereum blockchain and provides utility services to holders. Every service offered in the Homelend platform will be accessed through the HMD token.
Out of a total supply of 250,000,000 HMD tokens, Homelend has allocated 64% to the 2 ICO stages (28% Presale and 36% Public Sale). The ICO is capped at max of $30,000,000 and the minimum (soft) cap is $5,000,000. Accepted Currencies are Bitcoin (BTC), Ethereum (ETH), and USD with a face value of 1 ETH = 1,600HMD. The private presale of HMD is currently going on with no fixed date yet for Public sale. The Proceeds from the ICO will be shared into 25% for general administration, 40% for development and 35% for marketing and community building.

Official ICO Links

Website: https://homelend.io/
Whitepaper: https://homelend.io/files/Whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3407541
Medium: https://medium.com/homelendblog
Telegram: https://t.me/HomelendPlatform/

My Bitcointalk Profile https://bitcointalk.org/index.php?action=profile;u=2193404