Hello I have read all the ann thread and gone throw some pages on your whitepaper have few questions to ask .
1 - The most basic question any escrow involved ?
2- the most major exchange have built in loan system which called margin trading so what makes this project unique ? ( just the ability to use loan on ICOs ? )
3- Big exchanges offer protect system by default for people who will lend money margin call . How you guys plan to protect people money ?
4- Related to the above question with the current rate of ICOs that turn into scam or useless money grab project ( only few that really worth to put money on ) how you will protect people that will lend money .
5- Within the whitepaper table contact I see no topic about security or protect lenders money ( the reason for asking the above 2 question ) !
The whitepaper and Ann thread is really well written I just had to ask this questions because I did not find an answer at least on the Ann thread maybe it is there on whitepaper did not read all of it .
Dear,
khufuking.
Great questions! I'll give you the answers you want to read.
QUESTION ABOUT ESCROW: Currently we're in a process of choosing people with ideal reputation in the [Suspicious link removed]munity for our escrow.
QUESTION ABOUT OUR UNIQUENESS: Our cryptolending platform is build for newcomers who have not much experience with trading but who would like to
WIN BIG AND EARN MORE ON CRYPROCURRENCY MARKETS. It means they can know nothing about margin call. We give 300% funds to anyone in just minutes. No need to waste weeks and months to dig deep into margin call and other complicated trading procesess.
QUESTION ABOUT MONEY PROTECTION:
Imagine that a person gets 1000 NIMFA tokens ($5 = 1 NIMFA) on ICO and takes a 300% loan: 3000 NIMFA (=$15000). He uses this loan to buy ETH and BTC. But if the
principal's amount value (2000 NIMFA) goes lower than 2000 NIMFA we'll automatically transfer principal amount to 100% decentralized cryptolending fund in order to protect it's value.
QUESTION ABOUT ICOs AND SCAM:
We will strictly filter the ICOs that a person would have a chance to participate in with his loan.
QUESTION ABOUT SECURITY:
We'll start Nimfamoney cryptocurrency lending process from easy steps and will be making it more efficient with the time. However the whole system that Nimfamoney would build on it's smart contracts will be as much secure as possible
Max, Nimfamoney Founder & CEO
