EthicHub (Ethix): ICO Review

What is Ethic Hub?

Ethic Hub is a project that aims to solve the problem that most third world farmers tend to face. They have less funding making it harder for them to obtain a profit for their crops. As a result, they lose their possibilities to turn their ideas into new projects or grow their business.

Ethic Hub icoThis project wants to disrupt the status quo by making investment and credit opportunities and democratizing finances. Farmers and individuals that are in a low-interest market who want higher profits will have access to highly useful products worldwide.

Investors have the freedom to pick highly profitable projects in growing countries. As a result, there is a better risk vs. reward investment opportunities. Thus, making Ethic Hub easier for users to get a better ROI for helping farmers around the world.

Ethic Hub uses Ethereum’s blockchain in order to deploy smart contract and manage their platform. The contracts work by handling and performing all of the functions to help with the agreements made between investors and borrowers within the system. By coordinating all of the financial operations, it helps the system become more efficient and beneficial towards its users.

The exchange works by converting tokens from the borrower’s wallet into their country’s local currency. Your local currency will be used to pay for the loan and is converted into tokens that will be placed inside the investor’s wallets.

Aspects

Country Expansion: By 2010, Ethic Hub hopes to reach to 10 countries worldwide. This large expansion will make it easier for their platform to aid farmers and help them obtain the profits that they deserve.

Success Only Commissions: Ethic Hub gives farmers an easy and safe place to receive loans. The only time they will be charged a commission is if there is a success. Ethic Hub’s main goal is to boost success. People act as the local nodes in the system and work to help the farmers achieve their goals.

New Investor Referrals: Investors who are already apart of Ethic Hub will receive an incentive for each investor that they add to the platform. This will motivate them to share their user experience and help Ethic Hub grow into a larger ecosystem.

Token Metrics

Bounty0x profile: jeremycole

Positives
  • DataMining Services: Ethic Hub’s data mining services is past its development phase. This service will allow businesses, banks, e-commerce sites, service providers, etc. to increase their entire client base.
  • Dedicated Team: With a team of over 16 members, Ethic Hub has a strong group of individuals that are willing to work on the project until it reaches completion.
  • Financing Product: Ethic Hub provides borrowers with the best interest rates available. Plus, the project helps build a credit reputation and online history for their users. This works by facilitating access to credit from suppliers and improving business relationships.

Negatives
  • High Competition: There is already a multitude of P2P lending projects that are already available. This will make it hard for the project to bring investors into their system.

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Jeremy Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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