ASSETSTREAM

ASSETSTREAM - Creating a Sustainable Microfinance Platform Based on Blockchain Technology

Hello everyone, this new post I want to introduce about a very interesting and good project that is AssetStream, and for more details, let's just go to the following discussion:

About AssetStream

AssetStream’s vision is to create a sustainable microfinance platform based on blockchain technology. Inspired by the “International Year of Microcredit”— dedicated by the U.N. back in 2005—and Muhammad Yunus, a Bangladeshi social entrepreneur who was awarded the Nobel Peace Prize jointly with the Grameen Bankin 2006 “for their effortsthrough microcredit to create economic and social development from below”.

The AssetStream initiative was established to create a sustainable microfinance platform to enable growth and advocate poverty reduction of the unbanked population while providing an alternative, high-yield, peer-to-peer microfinance platform for everyone.

Peer to Peer lending brings the “bank” to your doorstep.

AssetStream aims to reduce poverty and bring financial inclusion by providing unbanked people with access to financial services. AssetStream will expand to a full P2P network which will include the local communities that can take personal loans. AssetStream aims to create an extensive micro-financing ecosystem that will be able to bring financially excluded people to the new global economythrough blockchain.

TARGET MARKET SOUTH-EAST ASIA

264M Unbanked
70% Wages paid in cash
50% Owns bank account
64% Internet penetration
61% Mobile penetration

SOLUTION

By offering the unbanked and underbanked population a regulated alternative.

AssetStream will not only provide the borrowers with better loan conditions and protection, the platform will also be able to provide a steady monthly return for the lenders.

With our platform we can provide the lenders and borrowers with the legal protection of local laws and regulations. Incase of NPL we can pursue legal action to compel payment.

By using a stable token within the platform we can ensure that the value of the borrowed amount won’t be affected by externalsources.

By utilizing the Stellar blockchain the platform is able to make faster and cheaper transactions compared to other technology.

TOKEN DISTRIBUTION

ICO (64%)– All proceedsfrom the ICO sale will be kept as a backup in AssetStream platform and will be incorporated as a lubricant for the lending pool for Thailand market.

The total budget raised from ICO will set the maximum lending capacity of the platform to ensure that all tokens can be lent out at the same time.

At the same time the ICO proceeds will preserve the AssetStream Token (AST)value to be 0.01 * USD and doubles as a guarantee to the lender to reimburse the lender in case the platform doesn’t provide any feature that has been committed to by the AssetStream Team

Management and Advisory (15%) – Tokens will be committed to hiring, maintaining and training staff to compete with the global market. These tokens will also be used to promote long term alignment with advisors and to support other operational expenses. These Tokens will be locked up for 1 year.

Marketing and PR (8%) – These tokens will be used to increase adoption and attract lenders and borrowersin new and existing markets.

Business Development (5%) – Tokens have been set aside for potential partnershipsto bring in participation from local governments and NGOs.

Product Development (4%)– External expensesincurred for the development and improvement of the micro-financing platform, mobile application, infrastructure and security.

Legal (3%) – Legal support in the creation of a legal entity and for the
documentation of potential changes in legislation related to cryptocurrencies used in operational, marketing and business development activities.

Bounty (1%) – A portion of the tokens will be used to accelerate the growth of the community and assist in building awarenessfor AST.

To find more relevant details please follow several sources for the following references:

WEBSITE: https://www.assetstream.co/
WHITEPAPER: https://www.assetstream.co/AssetStream-Whitepaper.pdf
FACEBOOK: https://www.facebook.com/AssetStream/
TWITTER: https://twitter.com/AssetStream
TELEGRAM: https://t.me/AssetStreamBlockchain

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ETH:0xc0205c169eeECbD729B0033B1B14b8e6188d29fD