Brotherly

ICO Ended
243 days 18 hours ago

Description

BrotherlyLend Platform backend by Brocoin, Brotherlylend is the new innovative and revolutionary secured lending platform, which allows everyday people with investments in cryptocurrency to take out loans using cryptocurrency as secured assets. The Platform providers loan in fiat currencies from around the word-holding user’s cryptocurrency for them as collateral in a secure wallet. While your average wallet just keeps user’s cryptocurrency on their behalf BrotherlyLend gives, the opportunity to take out loans 0% Interest. Once the loaned sum is repaired, we will release funds for users or they can take our another loan.

 

General
ICO Dates
20 Oct 2018 - 20 Jan 2019
Whitelist / KYC
KYC
Country
UK
Ticket
BRC
Token Type
ERC20
Financial
ICO price
1 BRC = 0.006 usd
Accepting
ETH, BTC, Fiat
Team
Sharmarke J Mohamed
Founder & Managing Director
  • 1
    January 2018

    We form a team of developers. We create and check the feasibility of the concept. We plan the launch. We continue with ongoing research.

  • 2
    May 2018

    We start developing the platform based on the concept. We start developing the tokens.

  • 3
    August 2018

    We file the patent to protect the legal status of our solution.

  • 4
    September 2018

    We make the platform official and announce it publicly.

  • 5
    October 2018

    Public ICO. We run a private round of sales.

  • 6
    November 2018

    We run the round of pre-sales.

  • 7
    Q1 2019

    We calculate the repayment to collateral ratio.The idea of loan against collateral becomes practical.We introduce the terms around extensions of loan payment options.We present options pertaining to early payments.The platform starts working.

  • 8
    Q2 2019

    Collateral now possible using multiple currencies. Introduction of BrotherlyLend debit and credit card. Third party wallets and exchanges can now use BrotherlyLend API to offer fiat loans against cryptocurrencies.

  • 9
    Q3 2019

    Allowing currencies other than Bitcoin and Ethereum to be used as collateral. Introducing decentralized decision making. We launch our iOS and Android mobile application.

  • 10
    Q4 2019

    Creation and launching of BrotherlyLend’s exchange based on decentralization. Implementation of decision making based on decentralization. Introducing smart contracts deals and multi-chain transactions.