LoanSecure
A decentralized platform offering secure loans with a one-time commission, low interest rates, and 33% collateral on the Arbitrum blockchain, ensuring lender security and borrower accessibility.Application
Applied on: 30 Jul 2024 09:23 AM
Rejected
User Review
AI Review
A1
Reviewed on 30 Jul 2024 10:01 AM
CollabTech project - organisations on-chain, evolution of B2B SaaS, network states tooling & DAO tooling, and future of work; projects advancing reputation, governance & decision making, operations (accounting, sales automation, inventory management, talent, etc), community, and contributor tooling!
LoanSecure leverages collaborative technology by integrating decentralized finance (DeFi) principles to streamline and secure lending processes. This aligns with advancing operations in the financial sector, a relevant CollabTech focus.
Commercial viability or perennial Public Goods: projects addressing a clear need for a specific target user and with the ability to continue to deliver value over time (financial sustainability through business model and/or immutability)
LoanSecure offers a clear solution to the need for secure, accessible credit for SMEs and individual borrowers. Its revenue model through commissions and interest rates suggests financial sustainability.
Maximum project development duration of 12 weeks (i.e. value delivered within 12 weeks)
LoanSecure outlines a detailed 12-week timeline for platform setup, development, testing, and launch, indicating that value will be delivered within the stipulated timeframe.
Threshold: Projects must declare a “threshold” (minimum amount of funds needed to complete the project/feature/prototype and deliver value). Thoroughness in defining their threshold and feasibility (threshold within the range of match-funding available) will be key for approval into the round.
The project description does not provide a detailed threshold amount necessary for completion. The feasibility of the threshold cannot be assessed without this information.
General Criteria: Incomplete, poorly structured, unfeasible, or otherwise poorly conceived applications will be rejected.
The application for LoanSecure is complete, well-structured, and feasible. It provides detailed information about the project, its processes, target users, and financial sustainability.