Lendingblock – Providing Securities Lending to Crypto Economy
Lendingblock – Many traders face the problem of lack of start-up capital. They have certain knowledge and they feel that they can trade steadily plus, but they do not have the right amount to start, and in many cases, there is no way to get it. The Lendingblock project will try to help on this issue and will provide an opportunity to get loans in cryptocurrency and plus all of this will be fast, simple and secure. Sounds very interesting, is not it? Let’s take a closer look.
Since 2017, the rapid development of blockchain technology and startup companies that use their power has led to the creation of a large number of cryptocurrencies.
In January 2018, a cryptocurrency valued at more than 500 billion U.S. dollars is in circulation!
However, using crypto-currency loans is not the easiest thing, no matter how great the market value is. This has led to a stagnation of the crypto market where market value is rising but cannot be used in the right way.
Lendingblock and his team understand this gap and decide to solve the problem once and for all.
What is Lendingblock?
The Lendingblock platform is an open communication platform for people who need it and who are willing to help in a safe, efficient and transparent way.
Lendingblock’s role is to focus on securities loans. Secured loans are the transfer of assets from the lender to the borrower, which provides the lender with some collateral assets.
Borrowers may include hedge funds, investment managers, etc. Who pays access to password assets in exchange for agreed interest and collateral.
On the other hand, lenders can obtain additional long-term investment income without risk of ownership.
In short, Lendingblock breaks the loopholes in the password market while ensuring that everyone gets an equal and fair evaluation.
How does it work?
Assume that I want some fruit. I only visited the kitchen and found that the fruit was consumed by others.
What should I do in this situation? I had to go to the market to buy some fruit. However, I realized that this is the end of the month and I lack cash. So what can I do?
I will tell the seller that I regularly buy fruits to lend them some fruit, and I will pay my salary next month, and at the same time receive some additional cost of my salary and the inconvenience caused.
Here, I (borrower) needs fruit (assets), but I am short of money. So I borrowed it from the seller (lender), and I paid extra (interest/collateral) when I paid.
This is what Lendingblock did.
Lendingblock is a market for people who need help.
Not only that, the use of any loan block that can borrow or loan digital assets is not limited to one.
It is 100% safe and transparent, with no hidden costs and expenses. At the same time, there is no risk for homeowners who can earn extra income for long-term investments.
For borrowers, the process of obtaining a loan will consist of several stages:
- Registration – account creation and procedures of KYC and AML
- Fill out an application explaining the loan details (eg, main asset, amount, interest, guarantee).
- Initiation – placement of collateral in smart contracts and waiting for creditors to make loan agreements.
- Services – the implementation of payments distributed by creditors through smart contracts.
- Settlement – the borrower pays back the principal amount of the loan and receives the deposit back with the help of a smart contract, and in the event of default, the security is given to the creditor.
For creditors, the process also consists of registering and submitting an identity check. The difference is that the borrower is given funds from which the organization’s loan receives the interest planned, and after the settlement of the agreement, the entire principal amount of debt is repaid.
- The LND token is the Lendingblock platform utility token.
- ICO sales will begin on April 15, 2018, and end on April 22, 2018.
- ICO will sell 100,000,000 US dollars during the sales period.
- The exchange rate during the ICO is $0.02/LND token.
- There is no bonus during this period.
- The target limit during sales is $2 million.
The main task of the token is to reduce user fees. Furthermore, using this token reduces the technical complexity of processing all internal operations. In addition, developers expect that tokens will be traded on various exchanges and over time, the coin interest rates will grow and bring additional revenue to holders. The demand for a token will depend on the popularity of the platform itself, as well as on the merchant interest in the exchange. I want to note that the team allocates 15% of all funds raised to support the growth of the coin rate, but leaves only 5% of all tokens sold. In total, 60% of tokens will be available for sale, 15% for platform founders and 5% for support in manufacture and development.
Although there are many excellent cryptocurrencies, they cannot be used as offline assets. As a result, they stagnated in the market. In addition, borrowing using cryptocurrency is impossible for a long time, although it is very much needed.
- Lendingblock understands this problem and solves it once and for all.
- Anyone can lend and buy digital assets in return for simple guarantees or benefits without any other trouble.
- The security and security of the platform are unparalleled.
As a result, everyone earns profits, no one loses, and the key gaps in the platform have been bridged.
Here we have a team of highly experienced developers and entrepreneurs. As part of the team, there are people who have made great strides in the development of the blockade and can achieve an academic degree. Also, there are people who have experience working in big banks. The project team is large enough and will evolve as the project progresses. Since the beginning of the project, powerful marketers are working, which will lead to successful ICO and advance the platform in no time.
We can say that this project is very interesting and promising, I consider it as one of the most promising coins, and I will invest in it. The project team has extensive experience in finance. And as we know 95% of ICO project success depends on the team. And I think an experienced team like that would work on a fraud project.
Another part of the project that I like, is a high rate loan option. If we take as a basis, then the block is safe, then we can conclude that such a loan will get along well. Another plus that inspired me, is that a small enough token will be issued, and take into account that on the platform will undergo tight LND token operations, it can be concluded that they will rise in price is not bad, and investors will be able to make more than one X.
To know the latest information about LendingBlock project you can visit the link below:
ANN Thread: https://bitcointalk.org/index.php?topic=2963328.0
Author : ubay
ETH : 0xf684c669653b6cd2b606ecdfc69b69dff7935b2c