Welcome to my Ethlend review. Today I’m sharing my honest opinion on the new ICO known as Ethlend (LEND token).
It’s an interesting concept but is this a good investment to make at ICO stage or should you wait until it hits exchanges?
My aim is to give you all the details so you can make an informed decision on whether to go ahead and put your faith in the Ethlend (LEND) token.
Are you searching for a decentralized online platform that facilitates secure and transparent lending? Ethlend is a new cryptocurrency that operates all over the world that connects several borrowers and lenders. It will help its users to access credit and give loans to their peers. The platform aims to remove interest rate variations between various countries by offering more liquidity to places where users can access credit.
This new digital currency is based on blockchain technology and empowers every user to lend in the global market. It has helped to reduce lending interest rates all over the world. It gives everyone a chance to lend and enjoy the profits, unlike in the past where only banks were allowed to lend. This article will provide an honest Ethlend review that you need to know.
The aim of this cryptocurrency is to develop an international credit market where lenders and borrowers across the globe can lend amongst themselves. It will solve key problems that relate to exchange fluctuation risks, collaterals and credit rating which makes the idea of decentralized credit possible.
Ethlend is different from other blockchain startups because they made their initial release in May this year. They also provided a white paper on how Ethlend could help to change the credit industry completely.
While they were developing this lending application further, they revealed information about their token sale. Ethlend introduces LEND token for its contributors who were taking part in the sale of the token. The tokens are used to make deployment fees and have a discount of 25%.
Stani Kulechov is the man who founded the Ethlend Online platform. Users who need to use this platform need to install Metatask. The platform lends Ether by using LEND tokens as their collateral. It will be a brilliant idea if all people in the world had equal access to credit without going to the banks. continue reading for more Ethlend review information
Unique Features of Ethlend ICO
– It ensures that lending markets have high liquidity
– It holds a professional and dedicated team that offers quality support to their clients.
– Token holders are able to enjoy various privileges
– It helps users to raise funds in a simple, instant and easy manner.
– Contributors can buy token even after their sale period is over.
– Contributors who participate in the early in buying tokens enjoy a 20% bonus.
– It overcomes volatility risks that are mostly associated with the exchange of cryptocurrency and credit ratings.
– It overcomes technical barriers that are related with the process of lending.
– Users are able to avoid the interest rate differences associated with various countries.
– It enhances adoption of users in their network while adding product value.
– It gives users a chance to regain after they make losses.
If you wish to know more about Ethlend, then continue reading this Ethlend review for more information.
Benefits of Using Ethlend Cryptocurrency
This means that no one can stop you from either borrowing or lending. Users will be able to lend through the Ethereum Smart Contracts.
Users are able to see every transaction. You can explore what is happening with your transaction at every stage. You can track your smart contract anywhere anytime.
-Address 2 Address
Users do not require a bank to borrow or lend. Using the Ethereum network, your loans will be sent within minutes or seconds. No middle-men or brokers are involved, just the lender and borrower alone
The sale of Ethlend tokens began on November 14, 2017. During the first day only whitelisted individuals will be allowed to buy the tokens.
Ethlend will offer decentralized lending opportunities using the Ethereum Blockchain technology.
It will allow users to enjoy the benefits associated with international lending. It will take lending from regulators and banks to its users. I like the idea of taking away the power from the banks and giving it to the people and think this is a great idea. I really hope they can bring this to the market so it works effectively and thus investing in this ICO definitely has the potential to be a good investment.
Am I invested in ETHLend? Not currently as my funds are tied up elsewhere.