 | BrotherlyLend (BRC) |
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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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 BrotherlyLends 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.
BrotherlyLend Roadmap
We form a team of developers.
We create and check the feasibility of the concept.
We plan the launch.
We continue with ongoing research.
We start developing the platform based on the concept.
We start developing the tokens.
We file the patent to protect the legal status of our solution.
We make the platform official and announce it publicly.
Public ICO.
We run a private round of sales.
We run the round of pre-sales.
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.
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.
Allowing currencies other than Bitcoin and Ethereum to be used as collateral.
Introducing decentralized decision making.
We launch our iOS and Android mobile application.
Creation and launching of BrotherlyLends exchange based on decentralization.
Implementation of decision making based on decentralization.
Introducing smart contracts deals and multi-chain transactions.
Token Sale Dates
Presale Period
ICO
Token Allocation
Funding Details
Token Price and Payment Options
Project team
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