Swapy has a focus on decentralized lending and financial data. Credit providers in emerging nations (high interest rates) can raise money at a lower cost from developed nations (low interest rates) with no intermediaries. The project is proposing a second layer on top of Ethereum using PoS for decentralized data storage and data processing to provide data and insights with no intermediaries and following high standards of privacy. The data market incentivize people for sharing their data autonomously, with no intermediaries. This data marketplace is powered by a self-sovereign identity, and rewards in SWAPY can be used as collateral for loans, reducing the interest rates. With a powerful model, Swapy aims to create the opportunity for the unbanked. Swapy Exchange Alpha (v.0.0.3) web & desktop DApp has been already released!
A project endorsed by Tim Draper, Don Tapscott and Singularity University Ventures!
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Business strategy, investment deals, investor relations Rated on Mar 15, 2018
4
3
3
15%
The idea of using cheap money taken in developed countries for lending to residents or companies of emerging markets is widely known. The difference in the rates here is primarily due to the presence of country risks, which can not be managed at the corporate level. The business itself will require a great understanding of the work of local markets. To do this, the company will need a local financial partner, who will co-invest own money.
Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020 Rated on Jun 1, 2018 Modified on Jun 1, 2018
4
4
4
14%
This ICO has an interesting concept and a lot of potential. There is a good vision in place, and the team leading it is strong, it certainly will be interesting to see how this goes. Keep up the good work.
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