BIG Token is opening up a blue ocean - democratising the unserved and underserved lending markets that are struggling to obtain traditional bank financing due to a lack of operational cash flows
(PRWEB) April 04, 2018
BIG Token Limited has developed a solution aimed specifically at providing financing to real estate developers who struggle to obtain funding for their projects.
Traditional banks prioritise the financially robust companies with the lowest risks to extend credit to. Smaller prime landowners and developers are underserved and in many cases, find that they have no access to credit.
BIG Token identified this challenge and solved this problem.
Traditional cryptocurrencies have no intrinsic value but BIG Token, the new cryptocurrency, disrupts the trillion dollar loan market as it is backed by land. BIG Token serves the underserved loan markets for Asean landowners, who are looking at developing their lands for commercial usage. See how BIG Token disrupts the traditional loan market:
The tokens are backed by prime tangible assets that have real value, and BIG Token Limited has developed a robust lending system that removes the traditional financial/banking institutions and offers land sponsors access to funding against their properties. Compliance is ensured by Japan Ministry of Finance regulated entities.
Interest rates applied are below the rates of traditional banks and will allow land sponsors to borrow money cost effectively against their properties at a minimum of 2% above the London Interbank Offered Rate (LIBOR).
Contributors on the other hand will pocket higher returns amid a record-low yield environment. Contributors will also have the added security of having their cryptocurrency investments backed by prime physical real estate.
In addition, BIG Tokens will be accepted as a form of payment across all landowners for memberships, condominiums and shops.
More on BIG Token’s key attributes:
1. Every face-value dollar of BIG Token at issue price is backed by a dollar in equity of real estate.
2. We have made a commitment to buy back tokens from our contributors. This will be starting one year after the completion of the ICO.
3. Compliance administered by Ministry of Finance regulated subsidiary of BIG Grp.
4. A token with genuine utility and intrinsic value.
Our website at https://bigtk.io holds further details on how BIG Token’s benefit to both land sponsors and contributors.