Introduction
Agricultural sector lacks major funding in developing countries with most farmers suffering from little or no capital to at least go a step further in their farming activities. Due to this capital restriction many farmers around the globe finds it difficult to procure modern farming equipment to ease farming stress and to increase farm produce.
Loan system entirely not just agricultural sector in developing system is not so promising with high rate of interest on small capital loan remaining a frustrating barrier for most small scale farmers and small scale entrepreneurs. Investors are not left out of the poor government loan policies, in Europe, only 10% is return on investment.
Ethichub provides an escape route for both investors and borrowers with it low interest charge and incentives via it token for investors and stakeholders. Ethichub, a P2P crowdsfunding platform that is fully decentralized: self governed away from centralized government policies, using the technology of smart contracts to oversee it loaning activities. The Ethix token incentivized the platform making it appealing to potential investors.
What is Ethichub?
A decentralized platform developed to further strengthen the agricultural section by aiding small scale farmers in developing countries with affordable loan system and interest policy. Investors are connected with farming communities (borrowers) after considering the potentials surrounding the project using it risk rating curve. Smart contract is adopted on the platform to help smoothly resolved issues that might arises around contract agreements.
Why Ethichub?
Main vision of Ethichub is to promote global access to loan and access to better investment opportunities.
Benefits of Ethichub include but not limited to the following
• Global connection: Loan system is inter-boundaries as users from around the globe have access to the credit facility.
• A decentralized
• Direct connection between investors and borrowers
• Data Security
• Use of cryptocurrency
• Provision to convert cryptocurrency to fiat
• High Scalability
Token (Ethix)
Ethix is an ERC-20 compatible token built to easily integrate into the already existing Ethereum blockchain infrastructure. Ethix will serve as the local currency to be used for all transactions on the Ethichub platform.
Conclusion
Ethichub project will bring stability and unprecedented growth to the agricultural sector. The platform promises to bring tremendous growth to the economy of developing countries both in the area of small and medium scale farming and other business ideas.
For more Information and Resources:
Web
[Telegram groups] ESP - (https://t.me/ethichub) ENG - (https://t.me/ethichubeng)
Twitter
Facebook
Youtube
Medium
Author's name: tonyryce
Bounty0x username: tonyryce
Quite an interesting initiative . Farmers in developing countries have little or no access to loans, mainly due to absence of collateral security . Hopefully, this project will go all the way. Nice write up mate !
couldn't agree less with you..Feel free to use the links to learn more about Ethichub