This article I want to talk about a project that I have seen a days ago. It is BFEX, with a huge and experienced team and a great vision.
BFEX plans to create equal access to everyone in the world in financial affairs and remove all the limited access to financial resources. They have cooperated with the most experienced people to create a great project. I am sure this team will be successful as their knowledge in this field, their vision and work will attract peoples attention.
BFEX is not only a business enterprise, it is also a social enterprise with personality and vision. This vision will help them create a world without financial borders. BFEX project will utilize blockchain technology, big data and Decentralized Social Trust Credit Scoring (DCTCS) to make a decentralized peer-to-peer lending system.
Their platform will be widely accessible all over the world. BFEX project wants to get rid of traditional banking lending systems and make a new innovative system instead. This way, people will be accessing all the opportunities they want without any limits and banking rules.
BFEX want to develop a lending platform for nano-finance by creating a decentralized peer-to-peer lending system. Banks all over the world charge so much money for transactions and lending, so BFEX wants to save humankind from those difficulties.
They also want to develop a BPAY E-Wallet system which can be used within their platform. When everything is ready, people will be able to use BFEX tokens to pay for goods and services and with business partners. When customers use this token, the platform will get bigger and bigger, providing more services. BFEX platform also aims to give cash back to its customers as a reward at the end of each month.
I am sure this project will have a really successful token sale process. If people contribute early, they will have more opportunities, like a huge amount of bonuses. People who want to join BFEX community will have to pass a KYC as a rule. I think it should be a rule for every good project because customers are really important for those teams.
As a result, I see a great future in this project. I have read the whole whitepaper and watched their video. Lending systems have never been interesting for me as I have never found them real or beneficiary. But after I saw an experienced team doing this kind of project, I changed my mind.
Thank you, investors and future users, for your valuable support to BFEX. We appreciate your trust and opportunity for us to develop a platform that will tremendously impact those whose lives are in need of new beginning.
The First Decentralized Social Trust Credit Scoring
The first platform in the world to create a hybrid credit scoring system on blockchain. BFEX Decentralized Social Trust Credit Scoring is a mixture between social network behavior validation and official documents verification.
100% Decentralized Credit Scoring
One outstanding feature of DSTCS is its algorithm which enables BFEX users and BFEX Community to design credit scoring criteria by themselves.
100% KYC
BFEX KYC system is transparent and verifiable, storing on the blockchain.
Anonimity & Privacy
BFEX protects users’ identity by showing only their credit scores on the lending process. The lender considers their credit scores as significant.
Use Social Network to Score
The first and the only platform in the world which enables users to use social network and boost their credit scores.
