The GetLine Network is a peer-to-peer lending market on the Ethereum blockchain. The platform will allow for instant and direct lending in cryptocurrencies. GetLine will initiate a unique architecture for a credit risk prediction market to make lending safer for lenders and more accessible for borrowers. We aim to revolutionize the peer-to-peer lending market and fully decentralize it, making it easily accessible, safe, and compliant to serve as an infrastructure for a new kind of global financial system.
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GetLine Red (16 weeks after crowdsale closes)
GetLine Red is an early basic version of the GetLine Network, directed towards a
narrow group of early adopters, most likely cryptocurrency enthusiasts. It is very close to the current version of the GetLine Network, yet it features security improvements and passes strict code security audits. The loans in the GetLine Red version will be denominated in ETH only. At this stage we will focus on developing the back-end of the system, and ensuring that it meets the strictest security standards. We also want to open the system for other dApp developers to allow them to use our lending standard.
• A safe and concise loan smart contract,
• Passing a series of rigorous security audits,
• Announcement of a bug bounty program,
• Release of an alpha version of the GetLine front-end service, capable of:
- Displaying unfunded loans meeting GetLine’s requirements,
- Issuing loan contracts to the blockchain
- Investing in already issued loan contracts
GetLine Yellow (32 weeks after crowdsale closes)
In GetLine Yellow, we will incorporate integration with major identification services such as Boson.me and Civic.com with the GetLine Network. This step is crucial for proper credit scoring and debt collection. We will also enable sharing of a borrower’s credit history between ARAs.
• Integration with identity service providers,
• Sharing of a borrower’s credit history between ARAs,
• Interface for sharing information needed for filing lawsuits against non-paying
• Programmatic interface for easy integration with other dApps, like cryptocurrency wallets.
GetLine Green (48 weeks after crowdsale closes)
GetLine Green will be a full fledged version of the GetLine Network. It will feature a graphic web interface for borrowers making it suitable for mass adoption. By this time we expect to have several trusted ARAs set up and running in key markets.
To ensure this, we will actively outreach potential ARAs and assist them in joining the network. We will consider funding the GetLine ARA, a flagship ARA of the GetLine Network, to facilitate establishment of best practices, and to exhibit the highest quality of the credit risk prediction market.
• Announcement of the first official ARA partners,
• Enabling of loans in ERC20 tokens, including tokens pegged to fiat currencies,
• Funding of legal research in key jurisdictions to help ARAs to comply with local
• Establishment of the GetLine ARA, a flagship ARA of the GetLine Network.
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