Get a CryptoCurrency Loan on the Blockchain! - Debitum ICO Review

in #crypto7 years ago

Get a cryptocurrency loan on the blockchain! Debitum ICO is the solution!

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The video was good. But it didn't explain what happens if the company doesn't pay back the loan. It also didn't show risk/reward scenario. I'm sure some projects are riskier than others. Do the riskier projects pay you more? What if you invest and the project fails? Do you lose all your investment, or is it guaranteed by the platform? Lots of good info provided by the video, but lots more questions need to be answered!

I have similar questions although I suspect (or hope rather) we can find answers in their white paper...I just don't feel like reading another white paper at the moment. Ugh. I want to know how this is different from LEND but I don't want to do the work lol.

Its the same vanila flavour as LEND, but WITH SPRINKLES!!!

I believe if a project fails , Debitum begins a debt collection process. Also not in this image, in the whitepages they do offer insurance in case you do not get your investment back.
Debtium Excerpt 6B.JPG(Source Debitum Whitepages)

Thanks for your multi-daily videos. You help me keep my hand strong.

i cant watch them anymore though.... too much going on system overload

This could be a risk but thanks for the video I watch every video you post gotta be updated in the crypto market

I think this is a very good Idea for funding business in a non-traditional way, which should really help if businesses do start to utilize this way of getting a loan. Also do believe that there should be a crypto that is for credit like a credit card for anyone.

Isn't that actually the same what ETHLend is already doing?

ETHLend aims on P2P lending, so that doesn't exclude SME. The rest of the system seems pretty similar to me.

Pretty similar.

Watching these vids keeps me current on crypto, thanks.

I love keeping up-to-date with this channel.

This is like Prosper meets bitcoin. Cool thanks for sharing the video. Going to look further into them.

I am skeptical of just about every ICO. Especially ones which seem like copycats. We already have LEND, why is this necessary?

Great videos and i'm learning a lot. Thanks you.

Wonderful video, keep up the good work. I appreciate the hustle. Really helping me not sell and keep my hand strong.

Really loved this video as I learned a great deal, would love to watch one of these everyday.

Sadly I only have the power to invest small, however, I am building and this channel is helping me do so.

With all the ICO reviews can you do one video on just how to invest in ICO overall?

Would help for the people who havn't done it before.

I think Bitconnect has damaged the landscape for legitimate loan offering projects. It still scares me when I see projects that offer loans.

Challenge idea. Instead of investing larget amounts, take, let's say...50$? AND GROW THEM.
What is the best path for a new user in the space that only has so much to start with. It is lower risk than your other challenges, and may empower "light" traders enough to start taking their first big positions. Just an idea I had.

It would be interesting to see lower capital challenges. It would give a large portion of the community realistic expectations and tips of how to increase their profits fast.

Always with the good information...

Your reviews and the class you taught has really helped me introduce the Crypto World to my 8th graders. Thank You

Interesting stuff. Like someone else said though..what if the company defaults on their loan?

Thanks for the content. Keeps me informed and gives me ideas of which projects I should do I deeper in.

Could of sworn you said you guys weren't going to do lending platforms.

Wow had a hard time figuring out how to find you on steemit using an iPhone! Maybe try to explain how to find you on steemit in old man terms lol

Its good to have such reviews helps a lot with new projects and i can trust you as you will absolutely do the fair review. Thanks much

Are you still doing your giveaways on here? If so, are you giving away STEEM or Bitcoin?

Is this ICO available to US residents?

thanks for sharing your knowlodge

Thanks for the nice review. I don't see notabel differences with $lend.

Not exactly down for loans but hey, it might be a good idea...

This seems like a scam to me. I like this channel a lot and I know they are trying really hard to monotize it. But I think that projects like this are going to hurt them if they keep doing this.