AssetStream Review — Team, Partnerships and Media Coverage

июля 11, 2019

AssetStream is a peer-to-peer lending platform, hopping-on to solve an existing problem in Thailand created by lending middlemen. The mission of the company is democratizing the microfinance business and creating a trustworthy environment for both lenders and borrowers.

It has already established a working partnership with a key partner — Pico Finance. A company backed by the Thai government in the battle against informal loans in the country. This is a great start and gets the attention of the finance world in the region. There are other partners listed, as well.

The benefits for lenders are numerous. SMEs from different industries can be found on the platform, so a proper diversification is possible. The payments are monthly, so the lender can exchange the profits and withdraw it.

The benefits for borrowers are mainly the easier process of acquiring capital, without heavy bureaucracy and friction. AssetStream is even developing an automated matching engine, which will make the borrowing process almost instant.

When you are lending money, you expect passive income, i.e. your money to work for you. And not you being on the computer all day long browsing through different borrowers to choose the best ones. This is why the automatic matching engine, which will be provided by AssetStream is such a luxury.

As a lender, you will be able to configure the engine, giving it certain parameters — minimum credit rating of the borrower, for example. If there is a match in all the criteria specified, the loan gets executed. This way, you don’t need to be present and active on the platform, unless you want to cash out your profits. This is the way a lending platform should work.

In case you are more picky, the platform will allow you the manual option of choosing a borrower, as well.

What I like the most about AssetStream is how well every aspect of the project is explained. Having three different tokens is not an easy system to present to the mass user, but I needed just one read of the FAQ and everything became clear. The punctuality of the team with the ICO dates and crowdfunding rounds is also for applause. No delays, no changes in the tokenomics. Neat and professional work.

The platform is powered by 3 different tokens — AST, ASD and ASTH. Each of them has a different function, as shown below:

The core team is comprised of 7 members. All of them with solid previous business experience and connections. Highly professional squad, leading the project. All of them are verifiable on LinkedIn. The project has 4 advisors announced. The team balance is more towards the business part rather than development, but for a fintech project, this is understandable. The team seems to be fully engaged and occupied with the developing of the platform and the business operations, and they are not getting distracted with unnecessary marketing activities and hyping the project. The best projects like AssetStream don’t need artificial hype.

AssetStream has a healthy genuine and engaged followings and community in the social media. Their facebook page amasses more than 4 300 followers, the telegram channel is followed by close to 1 000 followers, and the twitter account has 1 200 enthusiasts.

The team is keeping close contact with the community. They quickly respond to all the questions and provide information for newcomers. One of the distinguishing and remarkable things is the guides and tutorials for beginners. I haven’t seen more detailed and comprehensive guides. Every step of the way is explained in a detailed article. The communication of the team is flawless.

A frequent regular updates about the project development are posted on the blog. The team is also very active attaining conferences and presenting the project values to the world.

The ICO rating sites love the project. Almost all rating sites, ICOBench included, are giving AssetStream maximum or close to maximum score.

The project is also featured in one of the biggest industry pundits like Bitcoin.com and numerous more crypto-related news websites. All in all, it is well recognized in the crypto industry.

Most of the time, when we look at an ICO start-up, we try to assess the idea and predict what the team will deliver. In AssetStream’s case, we already have the working product, the users, the lenders and the borrowers. We don’t need to predict anything, because everything is already here. And the project only gets better from now on.