YouToken

YouToken vs. Banks

YouToken vs. Banks

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YouToken vs. Banks

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One of YouToken's main competitive advantages over traditional banks and P2P lending sites is our genuine mission to help entrepreneurs and investors find success in the following ways:

For Entrepreneurs:

  • With YouToken, you don’t need any provisioning or collateral.
  • And again, no need for paperwork, legal entities, cash flows or regional (country) limits.
  • YouToken supports you and is interested in your growth. 
  • Banks and P2P don’t care - they are not interested in your success. The only thing they need is their money back plus interest. 

For Investors: 

  • With YouToken you have a significantly better interest rate (ROI)

We'd love to hear your feedback on these advantages. If you were an entrepreneur or investor, would you choose us over banks? If not, what can we do to improve?

Thank you so much for your help!





29 COMMENTS 35 VOTES

Most recent Most voted Most verbose

LeeKe Mac senior

If I make a comment - its usually honest and thoughtful. #dontfeedspamtrolls

For a start - I'm no lover of banks, but they are still a necessary part of most people's daily lives and they do have to follow regulatory requirements. For the most part this means they are stable reliable institutions that offer me no cause for concern about whether my assets will or won't be there the following day. Hence, I sleep easy at night knowing this. Crypto on the other hand - offers no such assurances in any manner and is always regarded with the don't risk what you can't afford to lose ethos underlying it. Lending and banking situations however - while I can see that there will be a need for it in the future - I don't know what place it has just yet in crypto when there's still such a huge cloud of doubt underpinning the whole community (scams/regulation uncertainly/price) My concerns - are more from my perspective though - regular person, with tight controls around how I interact with crypto in these early stages - and I don't have huge amounts of money to invest with, or even smarts to create a crypto project to require funding. But from my perspective - I just wonder why as an investor would I want to lend to entrepeneurs if there is such low criteria for them to meet (no paperwork etc). How will you weed out the good entrepeneurs from the bad ones? I can see why an entrepeneur would choose this service - but unless you had crypto to burn and were considered more of an "angel/winklevoss" type investor - a regular small investor would struggle with what appears to be such low due diligence. Higher ROI's in investments usually indicate much higher risks and yeh - with crypto the risks are already super high for smaller investors. Thanks for letting me give my feedback.

1 year ago

Hello and you for your well thought out reply. You make several good points. It's tough to please everyone. We want to make it very easy for entrepreneurs to sign up without going through the hassle of paperwork and regulatory jargon that modern banks offer their lenders. However, we know this comes with an added risk to investors since almost anyone can sign up. We have no way of knowing the bad eggs but we do take necessary steps in order to stop them.

For one, investors have access to our team of community advisors. These experts will stay with investors throughout their journey and advise them on the decision making process. Hopefully, with their help, we can avoid and fraudulent scenarios.

On top of that, the automated smart contracts minimize the risk of an entrepreneur taking off with the money. If the entrepreneur doesn't complete the steps, then the money is returned back to investors. Also, investors can vote to get the money back if they are not satisfied with the direction of their investment.

I hope this answers a few of your concerns. Let me know if you have anything else. Thank you again for your participation.

1 year ago

A marketing company is very necessary. No one will trust a company that does not know. Advertising engine progress

1 year ago

We are in the process of hiring a solid marketing company right now.

1 year ago

great, keep it up

1 year ago

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1 year ago

Thank you!

1 year ago

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1 year ago

Apa yang Anda tawarkan tampaknya luar biasa dalam hal bisnis dan pengusaha. Sebagai pekerja lepas, saya pasti akan menggunakan Anda di sisi bisnis. Namun, bagi investor, Anda hanya koin lain. Dari sudut pandang investor, apa yang membuat Anda berbeda dari salah satu dari 1500+ koin / token lainnya di luar sana? Saya pikir itu adalah pertanyaan penting yang harus Anda jawab.

1 year ago

Ketika Anda berinvestasi dalam koin lain, Anda hanya berinvestasi di startup dan produk mereka. Bila Anda berinvestasi dengan YouToken, Anda berinvestasi pada orang dan gagasan mereka. Investor bisa mendapatkan kesempatan untuk berinvestasi di wirausahawan pada tahap awal kesuksesan mereka. Jadi, katakanlah Anda berinvestasi di "Elon Musk" berikutnya selama hari-hari terakhir mereka. Kembalinya investasi Anda akan sangat besar sekali sehingga pengusaha berhasil. Ini akan jauh lebih tinggi daripada pengembalian daripada koin rata-rata. Selain itu, Anda dapat berinvestasi di beberapa pengusaha di platform untuk mendiversifikasi portofolio Anda dan meningkatkan peluang pengembalian investasi yang tinggi.

1 year ago

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1 year ago

Less paper work means more plants on earth are not going to be destroyed

1 year ago

Olga Belitas

I am an experienced Bounty Hunter

What currently ROI you propose?

1 year ago

An investor i definitely choose you over bank.As you said banks are not interested i our success ,and they are focused on extra charges like service charges and other things.For better future of an investor or entrepreneurs it is a best platform to choose.Less paper work means more plants on earth are not going to be destroyed.I have a suggestion that please clear doubts about security of the investment.

1 year ago

Thank you for your comment. Please see my other comments where I cleared up doubts about security.

1 year ago

What you're offering seems incredible in terms of businesses and entrepreneurs. As a self-employed freelancer, I would certainly use you on the business side of things. However, for investors, you're kind of just another coin. From an investor's viewpoint, what sets you apart from any of the other 1500+ coins/tokens out there? I think that is the important question you need to answer.

1 year ago

When you invest in other coins, you are just investing in the startup and their product. When you invest with YouToken, you are investing in people and their ideas. Investors can get the opportunity to invest in an entrepreneur at the early stage of their success. So let's say you invest in the next "Elon Musk" during their ealy days. The return on your investment would be enormous once that entrepreneur succeeds. It would be far higher than the return than the average coin. On top of that, you can invest in multiple entrepreneurs on the platform in order to diversify your portfolio and increase your chance of a high return on investment.

1 year ago

1. How will you securitize your loans? 2. How will you assess risk and how much risk will you intend to take on in financing projects? 3. You are entering into a regulated industry. Are you aware of all of the regulatory requirements you will need to meet, and how do you intend to meet them?

1 year ago

We are currently working with a team of experienced legal professionals to ensure we meet the requirements of all regulatory institutions.

1 year ago

An investor i definitely choose you over bank.As you said banks are not interested i our success ,and they are focused on extra charges like service charges and other things.For better future of an investor or entrepreneurs it is a best platform to choose.Less paper work means more plants on earth are not going to be destroyed.I have a suggestion that please clear doubts about security of the investment.

1 year ago

Without collateral and with no cash flow limits imposed you will have more freedom in connecting entrepreneurs and investors, however at a greater risk. Is there a sort of insurance to make sure scams are filtered ?

1 year ago

InSomnius Joe expert

I solve problems for a living - combining knowledge from many areas of life

As @Malte pointed out.
The more ROI the bigger the risk.

Banks WILL get their money back one way or the other. Either they send people to your house, ask the government or in worst case they get bailed out by the tax payers (government again, whooop).

You on the other hand are not guaranteed to get your money back. You;d need to heavily invest into incubation and let's be honest, you probably don't have resources for that. Google might ...

Though if you would say that I get marginally bigger return because you cut out the middle man and fees then I can believe you.

1 year ago

Thanks for your question. The money does not go directly to the entrepreneur. Instead, it goes into a "vault." If the entrepreneur does not complete what they promise and prove it to the group of investors, then the smart contract cancels and money is returned to investors.

1 year ago

InSomnius Joe expert

I solve problems for a living - combining knowledge from many areas of life

That sounds awesome @Anthony.
Though I do find a problem with that. What if the Entrepreneur actually need that money to do what he promises? After all, why else would he need funding?

Though if he gets people working for him under the promise of payment for results then it's possible.
So I like big chunks of the idea :).

1 year ago

@InSomnius Joe, of course, we can't prevent a scam from happening all the time but aside from our smart contracts, have a team of community advisors. This group will help investors in any way possible to ensure they are making the proper investment and not falling for some scam or fraudulent event.

1 year ago

how much percentage its given

1 year ago

That depends on what smart contract option you choose and how much your investment succeeds.

1 year ago

AS AN INVESTOR HOW MUCH PERCENTAGE CAN I GET AS ROI

1 year ago

That depends on how much the entrepreneur that you invested in succeeds.

1 year ago