The decentralized web aims to provide value to creators. Various activities, such as social media engagement, video creation, blogging, gaming achievements, and fitness tracking, have been monetized as the web3 space grows.
However, despite the potential and value of web3 businesses, the traditional financing industry has struggled to offer viable solutions to support these ventures adequately.
In this context, Borroe is a platform that aims to address this financing gap by funding web3 businesses. It seeks to provide its clients with the financial resources they need to continue developing and monetizing their services in the evolving blockchain ecosystem.
Borroe is a web3 funding engine
Borroe is a crowdfunding marketplace that allows sellers to receive a cash advance for up to 12 months from their future recurring revenue sources, such as invoices, royalties, management fees, subscriptions, and retainers.
The platform combines artificial intelligence, blockchain, and non-fungible tokens to connect revenue stream sellers and funders.
This setup creates a faster and more efficient system for generating capital compared to traditional debt funding methods.
The process begins with sellers registering on Borroe, where an artificial intelligence (AI) system analyzes and manages the risk associated with their revenue streams.
Based on this analysis, the platform offers a cash advance figure. An non-fungible token (NFT) is then generated, representing the future income value, and it is listed on Borroe’s marketplace at a discounted rate.
Buyers on the platform are notified of these NFTs and have the opportunity to fund them. Once the loan is repaid, buyers receive a small cut from the transaction, creating a mutually beneficial outcome for all parties involved.
In this model, buyers can rely on consistent returns from recurring revenue businesses while supporting their development, while sellers can access capital quickly and securely without facing unnecessary hassles.
Borroe solutions
Borroe offers a solution that addresses several challenges present in traditional financing methods:
- High costs: In conventional financing, interest, and various miscellaneous fees can add significant costs. However, Borroe operates in a Shariah-compliant manner, meaning it is interest-free. Additionally, there are no admin fees, application fees, or other miscellaneous costs.
- Lack of automation: Traditional financing processes often require human intervention, leading to slower and more expensive transactions. In contrast, Borroe utilizes blockchain technology and AI, streamlining and automating the process, resulting in greater efficiency and reduced reliance on intermediaries.
- Lengthy approval process: While traditional financing may involve waiting hours or even days for approval, Borroe significantly shortens the approval time. Buyers can receive approval in just a few minutes.
- Poor security: Borroe is built on Polygon, leveraging the robust security provided by its cryptographic infrastructure. All transactions are recorded on the blockchain, enhancing transparency and reducing the risk of fraud.
- Confidentiality: Businesses using Borroe can trust that their data will remain confidential and not be shared outside the platform.
By addressing these pressing issues, Borroe offers an alternative financing approach that provides users efficiency, transparency, and improved security.
Borroe presale
ROE is the platform’s deflationary governance token giving holders various benefits ranging from voting power to discounted fees. Holders can also benefit from potential gains.
ROE is in Stage 1 of its presale, with nearly a quarter of tokens sold. The token is available for $0.010 but will rise 25% in Stage 2 to $0.0125.
Early ROE may benefit from a 300% on launch.
Learn more about the Borroe presale here:
Presale: https://borroe.finance/
Website: https://borroe.finance/
Telegram:https://t.me/borroe_finance
Twitter: https://twitter.com/Borroe_Finance
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