Dear Arbill users,
We are ready for the beta version with a new form of operation. As previously announced, in version 2.0, we will act as a bridge between the trust Investor and the Project Owners. We create a platform to share information between the parties and ensure the keeping of funds as well as the payment of profits to the parties.
With this beta, we would like to send some instructions to you as below.
Project Owner: Account which create Projects, responsible for the Project and call for investment. Any account can become a Project Owner.
Investor: Account which selects the project and invests in potential projects and receives the interest rate according to the term announced by the Project.
To create project, you can explore at this link https://arbill.co/project-owner
The Project Fund (PF) will be fully managed by Project Owner. Project Owner can transfer money from the PF to owner account or transfer funds from the account to the PF. The interest used to pay for investment contracts will use the PF. The Project Owner should check the PF regularly to know the status of the Project's payment, so transfer enough money to pay to avoid contract debt.
Interest paid on the investment contract will be paid automatically. In the event that the amount of funds in the fund is not sufficient to pay for any contract, the project will be updated to Problem status. Information about the amount of money owed will be in the project management section.
The interest rate of the project when shown to the Investor is the interest after deducting the fees is 9.09%.
Insurance is a fund that project owner deposits for the project. The insurance fund will be opened as soon as the project is closed. This fund will pay for contracts that are in an paying status as a proportion of the contract value.
We also allow the creation of private projects, i.e. the project will not be displayed in the project list and the investor will need a password provided by Project Owner to be able to create a contract.
Tips for Investors
To make an investment/contract, the investor should first see the list of projects with the link https://arbill.co/projects. Investors can also manage their executed contracts in https://arbill.co/project/contracts
Typically, to evaluate a project that can participate in an investment, investors should check the time the project started and the payment status of the project. The project has a problem paying for any contract, we will immediately attach the status of "Problem" to alert investors.
Insurance is an important factor in ensuring whether the project is reputable or not. This fund is deposited by Project Owner and cannot be withdrawn. Only when the project is closed/stopped, this fund will be opened. So, with projects without insurance funds or too little for profit, investors need to take precautions against risks.
The next steps
In this version, we launch the most basic features of the platform used by Project Owners and Investors. We continue to listen to feedback and develop attractive features in the future.
We look forward to receiving constructive contributions from you.
All information about the updated versions we will announce at news and telegram channel (https://t.me/arbill)