SOFIN ( ICO ) - Microfinance P2P

SOFIN Platform
The online loan system involves many risks and many minded investors before investing in such systems because the risk of fraud and money losses is higher. SOFIN team, from the beginning, tried the best level to produce the best professional service for our users with the lowest amount of risk associated with it. We have introduced a rigorous process of identification and verification of borrowers and he / she can not register or apply for a loan until the details and information he / she provides are verified.

SOFIN is a new unique P2P-online service. This platform serves creditor and borrower, uses fiat money and works based on blockchain technology.
This service will work on the principle of auction, but with a full scoring and verification system, as well as dispute resolution, in the event of a delay or refund of the loan is not refundable.

How does it work?

The borrower creates an application, shows the loan amount, the repayment term and the desired percentage. Lenders may leave feedback on the application, which indicates their terms and rates. Next, the borrower chooses the right option. This service will have a full scoring system built on the basis of artificial intelligence and
learning machine. System requests transaction history from block account. Blockchain keeps credit history and all transactions for smart contracts. The borrower is given an individual credit rating, based on which the creditor decides the terms of the loan.

Furthermore, the lender transfers the money, and up to 20% of that amount can be added to the SOFIN token, which is automatically redeemed by the system. Going forward, developers plan to implement other crypto currency support. As part of a smart contract, funds are credited to the borrower's account, the system commission is charged a tariff of 9%, documents for transactions are made automatically for the parties. Then the funds are withdrawn to the borrower's card or account. Under the terms of the system, the funds will be provided to the borrower only in fiat currency. According to the developer, it is important that the transaction has a legal effect and it is possible to make all necessary documents, including for the court. For lending, the creditor will be given a token bonus in the form of 1.5% of that amount.

The borrower will be able to refund partially or wholly, while receiving token bonus equal to 1.5% of that amount. The lender receives the loan portion in fiat currency. Interest can be earned with fiat money or with SOFIN crypto currency. In the first case, you have to pay income tax, in the second order there is no such need.
All operations will be recorded in the block with automatic document creation for the parties. In the event of late payment of debt, the system can take various sizes:
1. Agreed with the debtor (eg extension of another term).
2.Transfer debt to a third party.
3. Create documents to go to court.
Refund or refund facts will automatically remain in detachment.

Note: The tokens on sale for the SOFIN tokens are live and will remain available until December 29, 2017. We invite everyone around the world to participate in token sales and become part of our system so hurry to seize the chance to earn a cheaper coin and invest money You profitably (https://sofin.io/).

A little about ICO
Thanks to ICO, the company will be able to launch its beta platform in December this year. On 6 November, the Pre-ICO stage was launched. The main stage will be allocated 700 thousand tokens. 1SOFIN = 0,5 dollars. The bonus stage will be allocated 10 million tokens and SOFIN will cost 80 cents. ICO held from December 11 to December 27, 70 million tokens will be allocated to the main stage, and the cost of Sofin = 1 dollar.After 23 December, the remaining tokens will be available at the price of 1SOFIN = $ 20.

Further information :

SOFIN's official website - https://sofin.io/;
Official ANN SOFIN branch in Bitcointalk - https://bitcointalk.org/index.php?topic=2256941;
Official Facebook Page - https://www.facebook.com/sofinplatform;
Official Twitter page - https://twitter.com/sofinplatform;
Telegram official chat - https://t.me/sofin and https://t.me/sofin_ru.

Author: Hitamku
Link bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1752412
Eth: 0x282e1B443eB97CA37FcB0413ec33F021fc6b4f5D