Heloc Token is focused on providing an outperforming fractional distributed share economy through cryptocurrency and digital asset investment.
The HLOC token will be issued against home equity lines of credit attached to residential and commercial property world wide.
A HELOC is a variable-rate home equity loan . With a HELOC, you’re given a line of credit that’s available for a set time frame, usually up to 10 years. This is called the draw period — during this time, money can be withdrawn as the property owner needs it.
HLOC token will act as a distributed ledger for crowdsourcing credit pools for HELOCS
HLOC will be issued as an ERC20 token on the Ethereum network for it’s implementation of smart contracts.
Ethereum is a Blockchain development platform, specifically designed for creating Smart Contracts and to supplement the creation of complex decentralized applications and blockchain platforms. It has since then remained synonymous with the terms like DApps development, the creation of custom tokens and paving the way for distributing tokens through Initial coin offerings.
Ethereum Virtual Machine being turing complete, the Ethereum platform allows programmers and developers to explore virtually unlimited possibilities through the platform’s Turing complete smart contracts.