Valorem Foundation; A decentralized blockchain aimed at providing an easy to use Platform, for the mainstream as well as the crypto community. Please see more on the website advalorem.io
There is no denying that the internet has changed the world we live in. It has dramatically revolutionized many different fields and is affecting both human relationships and commerce, giving rise to a number of technologies that alter how the society works. Among these technologies, we can find the Blockchain.
Banking and financial service products are frequently sold separately and are usually costly, leading increasing numbers of Millennials to abandon these traditional offerings in favor of digital alternatives: apps handling everything from payments to algorithmic trading to lending, like Venmo, Quantopian, or Lending Club. Yet even these apps, similar to products banks and financial service firms sell, are limited in their utility, and all too often offer no bundled features or inter-app functionality. In addition, due to the effects of the Great Recession between 2008-2010, Millennials have experienced poorer financial health than baby boomers, resulting in diminished financial independence for the generation thus far. This suggests that Millennials would benefit from using apps facilitating and incentivizing financial interdependence, aiding them in achieving greater financial health in an interconnected way, because Millennials want an easy, decentralized system for transacting that they can trust. Thanks to blockchain technology, that solution exists.
Valorem Foundation , the community peer-to-peer platform for multi-party transactions, is launching soon. It is a new blockchain-based platform that allows users to exchange value via smart contracts. Once on the platform, users can borrow, lend, invest, transfer, and exchange money between each other, creating a trust-based platform that removes the need for 3rd-party services or external vendors. Valorem’s leading service is its lending platform. Once logged onto the Valorem Platform, a user can post to the community a request for a loan. Community members within the platform can see the request and respond with offers, with borrowers having as many lenders—fractional or whole—as they want or need. In addition, when borrowers on Valorem’s platform take out loans, lenders can hedge their default risk by buying insurance via the platform. This allows trust to be built platform-wide, while also stabilizing value across the entire cryptocurrency.
Valorem Foundation is not just a loan platform. Next year, they will release its combined e-commerce, investment, and crowdfunding platform, which will allow community members to buy and sell goods between, invest in securitized assets with, and crowdfund their everyday expenses on the Valorem Foundation blockchain. More so, the company will release its insurance and charity funding platform, which will also allow users give to others and insure themselves for causes and concerns they care about. The tool that allows this is blockchain, and where the industry is now is just the beginning. The concept of distributed ledger technology is the main spirit behind Valorem Foundation, but the engine that runs it is the trust it creates. With blockchain, this will allow consumers and businesses alike to transact between each other at the speed of light.
In the coming days, Valorem Foundation will be introducing the AltCoin Exchange Program- which will allow users, and investors to exchange their other AltCoins that they currently have with Valorem Tokens.
For more information, and participation in their Pre-Sale and ICO today kindly visit: www.advalorem.io .
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