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BrotherlyLend (BRC)

ICO
BrotherlyLend bounty

Brotherlylend is a secured lending platform, which allows everyday people with investments in cryptocurrency to take out loans using cryptocurrency as secured assets.

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Overview

Project industryFinance Services & Banking
Product typeCryptocurrency
FoundedUnited Kingdom
WhitepaperBrotherlyLend White Paper Open

Technical details

Ethereum Based ERC20 Token.

What is BrotherlyLend

The BrotherlyLend will connect lenders and borrowers via the BrotherlyLend service for escrow accounts. The BrotherlyLend team claim their solution will allow borrowers to get loans in USD and Pound Sterling with other major fiat currencies to be added later. Initially, the BrotherlyLend platform will enable participants to use Ethereum and Bitcoin as collateral to get the loans. The users can also choose the BrotherlyLend’s own cryptocurrency called BroCoins. The solution also envisages an exchange where borrowers can sell and buy various cryptocurrencies, including BroCoins. The utility tokens can be used to pay various platform fees and get discounts.

Details

Pre-sales: Sep 01, 2018 - Oct 20, 2018
Public sales: Oct 25, 2018 - Jan 25, 2019
Token supply: 9 000 000 000 BRC
Total tokens for sale: 20 000 000 000 BRC
Soft cap: 3 000 000 USD
Hard cap: 55 000 000 USD

Legal

Registration country: United Kingdom
Registration year: 2017

Token info

Ticker: BRC
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 BRC = 0.006 USD
Token price in ETH: 1 BRC = 0.000007 ETH
Accepted currencies: ETH, USD, GBP, EUR

BrotherlyLend Roadmap

1
January 2018

We form a team of developers.
We create and check the feasibility of the concept.
We plan the launch.
We continue with ongoing research.

2
May 2018

We start developing the platform based on the concept.
We start developing the tokens.

3
August 2018

We file the patent to protect the legal status of our solution.

4
September 2018

We make the platform official and announce it publicly.

5
October 2018

Public ICO.
We run a private round of sales.

6
November 2018

We run the round of pre-sales.

7
Q1 2019

We calculate the repayment to collateral ratio.
The idea of loan against collateral becomes practical.
We introduce the terms around extensions of loan payment options.
We present options pertaining to early payments.
The platform starts working.
Usage of BroCoins, Ethereum and Bitcoins possible as collateral currency.

8
Q2 2019

Collateral now possible using multiple currencies.
Introduction of BrotherlyLend debit and credit card.
Third party wallets and exchanges can now use BrotherlyLend API to offer fiat loans against cryptocurrencies.

9
Q3 2019

Allowing currencies other than Bitcoin and Ethereum to be used as collateral.
Introducing decentralized decision making.
We launch our iOS and Android mobile application.

10
Q4 2019

Creation and launching of BrotherlyLend’s exchange based on decentralization.
Implementation of decision making based on decentralization.
Introducing smart contracts deals and multi-chain transactions.

Project team

Sharmarke J Mohamed
Sharmarke J Mohamed
Founder & Managing Director Detail
Sharmarke J Mohamed linkedin
Jamie Williston
Jamie Williston
Full Stack Developer
Jamie Williston linkedin
Adam Chandler
Adam Chandler
Head Business Developer
Siobhan Ben-Avi
Siobhan Ben-Avi
Community Manager
Jack Mills
Jack Mills
AML/KYC Specialist

Social media

BrotherlyLend web-siteBrotherlyLend MediumBrotherlyLendYouTubeBrotherlyLend TelegramBrotherlyLend InstagramBrotherlyLend BTCTalkBrotherlyLend LinkedInBrotherlyLend TwitterBrotherlyLend Facebook

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