Funding projects using loans.

When a project that has revenue and is profitable want to raise money, they usually don't have the option to take loans even if they have enough cash flow to support it and a good reputation.

What we're proposing is a decentralized loan system where anyone can apply for a loan and anyone can give a loan. To help lenders decide which projects are worth lending we introduce community voting, where verified community members vote on projects to get the loan that they apply for. If the loan that they vote for gets repaid then voters are rewarded from a percentage of the loan interest. That way community support is a good indicator for which projects are more likely to be repaid. Community voting does not guarantee that a project will receive funding but acts as an indicator for the probability that the loan will be repaid.

To enable projects to get loans using their reputation

Difficulty to determine creditworthiness of a project

Use community voting that rewards users if the project they vote for receives a loan

Global