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About BrotherlyCoin(BRC)

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What problem does Brotherly Coin (Brocoin) solve? (or: what human need does it satisfy?) and how exactly does it do so?

BrotherlyLend, you can use your 1 BTC or some portion of them to take out a loan. You can use

this loan to fulfill your business or personal needs. When you return the borrowed amount, you

get access to your Bitcoins again. In short, you met your immediate needs without spending

your highly valuable and investable currency.

The best part of BrotherlyLend, as the name suggests, is that it makes loans affordable for you

by removing fluctuating and exorbitant interest rates. BrotherlyLend charges only a small fee

based on the amount you borrow.

How is the idea monetized? How do the token holders profit?

Here are the credit flow possibilities for a borrower who benefits from the BroCoins. (More detailed decription is present in our white paper, please review our white paper) The system lends the required money to the borrower based on the agreement

? The borrower pays back the loan before the agreed date

? The borrower makes at least some part of the payment before the agreed date

? An extra deposit from the borrower triggers loan extension

As per the agreement, the security has to go back to the borrower as soon as he/she

repays the loaned amount. There are two possibilities in this scenario.

? The borrower repays the loan early

? The borrower repays the loan on the agreed date

If the borrower makes an early payment, the following two possibilities arise.

? The borrower makes early repayment in the full amount of the loan

? The borrower repays early but only a partial of the loan amount

A repayment as per the agreement triggers a complete disbursement of the security

back to the borrower’s account. However, if the borrower cannot return the loan

amount within the agreed-upon timeframe, the security transfers to the platform where

a part of it is used for compensating for the damages of the breaking of the contract.

Any amount that remains after the compensation goes back to the borrower.

Team

BrotherlyCoin's team members.

Roadmap


 
May 2017 Idea Born
September 2017 Market Research
December 2017 Prototype
March 2018 BroCoin Partnership
September 2018 Pre-ICO
October 2018 Public ICO
December 2018 Platform Live
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Quick notes

Tokenomics

Token Info

Available tokens: 45% Price: 0.000007 ETH - 1 BRC Soft Cap: 3000000 Hard Cap: 55000000 Buy with: ETH, USD,GBP,EUR Platform: Ethereum Location: UNITED KINGDOM

Other Info

MVP/Prototype: No Escrow: Yes Category: Financial Services

User ratings

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What problem does Brotherly Coin (Brocoin) solve? (or: what human need does it satisfy?) and how exactly does it do so?

BrotherlyLend, you can use your 1 BTC or some portion of them to take out a loan. You can use

this loan to fulfill your business or personal needs. When you return the borrowed amount, you

get access to your Bitcoins again. In short, you met your immediate needs without spending

your highly valuable and investable currency.

The best part of BrotherlyLend, as the name suggests, is that it makes loans affordable for you

by removing fluctuating and exorbitant interest rates. BrotherlyLend charges only a small fee

based on the amount you borrow.

How is the idea monetized? How do the token holders profit?

Here are the credit flow possibilities for a borrower who benefits from the BroCoins. (More detailed decription is present in our white paper, please review our white paper) The system lends the required money to the borrower based on the agreement

? The borrower pays back the loan before the agreed date

? The borrower makes at least some part of the payment before the agreed date

? An extra deposit from the borrower triggers loan extension

As per the agreement, the security has to go back to the borrower as soon as he/she

repays the loaned amount. There are two possibilities in this scenario.

? The borrower repays the loan early

? The borrower repays the loan on the agreed date

If the borrower makes an early payment, the following two possibilities arise.

? The borrower makes early repayment in the full amount of the loan

? The borrower repays early but only a partial of the loan amount

A repayment as per the agreement triggers a complete disbursement of the security

back to the borrower’s account. However, if the borrower cannot return the loan

amount within the agreed-upon timeframe, the security transfers to the platform where

a part of it is used for compensating for the damages of the breaking of the contract.

Any amount that remains after the compensation goes back to the borrower.

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