crypto: SOFIN - International fiat platform for P2P loans

SOFIN (SOCIAL FINANCIAL NETWORK) -P2P-lending service online. This is a market platform that unites creditors and borrowers: (1) Creditor - individual, bank, microfinance and fund organization; (2) Borrowers - individuals, entrepreneurs and individual organizations. Loans given in the paper currency of the country where the borrower is located. This allows the currency to be exchanged through a SOFIN token if the creditor and borrower are from different countries.

SOFIN's goal is to remove barriers and constraints, to provide access to developing country populations for financing. SOFIN will offer ordinary people and entrepreneurs about decentralized access to financing as per the conditions appropriate for both parties, not banks or others.

The loan is granted in the currency of the borrower's country of residence. Lenders compete in auction mode and offer their requirements. The lender itself decides: how much money and what percentage to offer it. And the Borrower chooses the condition, which he thinks is most profitable for him. Each Lender can provide loans on any terms. The borrower may request a loan under any conditions. Thus, market competition entering into business, will dictate a fair condition for the global economy, without international limitations and limitations.

Approximately 5-9% of each transaction is held by the platform - this revenue will be reinvested in the development of the company. All loans are provided at the expense of creditors. SOFIN does not bear the risks associated with credit operations.

Create a SO2 P2P platform.

Beginning was established in August 2016. This is a new unique P2P service. This platform serves creditor and borrower, uses fiat money and works on technology blockbuster.

The platform works in such a way that the borrower's loan is issued in the currency used in the country where he lives. However, users can always exchange currency for SOFIN tokens in that case, creditors and borrowers from different countries.

SOFIN will give you an opportunity to generate revenue, every time you return the loan, you choose which currency will receive revenue, in fiat token or SOFIN.

SOFIN will routinely buy tokens from the market to pay commissions with each loan.

In addition, SOFIN will create a guarantee fund, loan guarantee, 100% guarantee for return thanks to SOFIN tokens.

On the platform will be a falsified credit history-protection based on blockbuster.

For each loan, SOFIN token bonus will be credited. In addition, all operations will be recorded in the blockroom and an automatic contract will be created

Solution

Selecting the best terms of a loan, creating a legal package, and getting money online from any device!

VIEW THE DEMO

Token SOFIN

PreICO Price 1 SOFIN = 0.5-0.8 USD

Price 1 SOFIN = 1-2 USD

Soft cap 9850000 USD

Hard cap 157850000 USD

Country Russia

Milestones

2010 Rostov region guarantee fund Creation of the structure that allows entrepreneurs to obtain the necessary funding through the fund's surety.In three years, the amount of bail was $51 million.
2011 Offline MFO Expressmoney Opening the network of microloan points where the verification of the borrower (private individual), the legal basis and the highly profitable financial model were obtained. The business was successfully sold.
2012 Opened the Verum law firm The company provides legal support for construction and investment projects, including foreign investment. The Verum ( verum-law.ru ) team of seven persons forms the Legal Service of the SOFIN company.
2013 Miming rigs, cryptotrading Creation of own mining rigs. Extensive experience in cryptocurrencies trade, investing in cryptoprojects.
2013 Opened the Elonsoft IT company Formation of a team with experience in the development of international-level Internet projects, including the creation of MVP for startups. There are 16 programmers now who will be working on the SOFIN platform after the ICO implementation
2014 Private P2P loans to entrepreneurs Since 2014 and to the present day, a successful experience of connecting people who have money and legal persons who need credit. The interest rate allows each party to earn. To date, there have been no returns. Currently, the loan portfolio exceeds $1.5 million.
August 2016 P2P platform concept The idea of creating marketplace financial resources on a single window system where individuals and companies can get loans from any people,MFOs, banks. With a minimum and transparent rate in auction mode.
August 2016 Launch of MFO Loan CLub Building a loan and verification system for borrowers online ( clubzaimov.ru ). Development of scoring software, integration with credit history systems and online processing. Gaining experience of attracting borrowers on the Internet. In this project, we've worked out all the important elements of a future P2P platform, and there are 14 people working in the company.
July 2017 - to date Commencement of system development Definition of the development financial model. Designation of the technical part of the platform, the interface design, and programming of business logic.
November 6, 2017 preICO Fundraising on completing the platform, the SOFIN token output on ICO, the white paper and business model adjustment based on feedback from investors and cryptocommunity.
December 11, 2017 ICO Fundraising on development of the platform, the token output on exchanges, the establishment of the Guarantee Fund and international expansion.
Q1 2018 Token on exchanges The SOFIN token public offering on the cryptocurrency exchanges for free bidding. Implementation of the token-support strategy and increase it to $20. The direct correlation between the rate growth and the repayment of loans on the platform is achieved through the return of the SOFIN tokens for the transaction bonus payments laid down in the platform
Q1-2 2018 Launch of the platform in Russia and the Guarantee fund option The first issue of loans through the SOFIN platform from the MFOs partners, early followers, and our own funds. Once the guarantee fund has been launched and the risk of repayment has been reduced, it is planned to attract a large number of creditors.
Q3-4 2018 Launch of the platfrom in the CIS countries Issuing loans in Russian-speaking countries, starting with Georgia and Kazakhstan and the next step in Ukraine and Belarus. In each country where we will issue loans, a local office will be opened to interact with the verification, scoring and credit history systems for the country. 100% legal purity, which is a distinctive feature of our platform, will be provided. In the same way, local partners in every country are planned for loans . The target of 2018 - 1$ million
2019 Launch of one country per quarter Great promise and growing market for P2P lending are concentrated in the regions: Asia, Africa and Latin America. The first countries outside the CIS in which we start lending will be Myanmar and Cambodia.