Revolution in the financial and credit market from ETHLend
The revolution in the financial and credit market
ETHLend is a 100% decentralized, peer-to-peer credit platform, a decentralized application (DAPP), developed on the basis of the Ethereum network. It is forecasted that the world market of P2P-crediting will grow by an average annual growth rate of 53.06% during 2016–2020, the need for a secure method of lending based on block-earnings is steadily growing. Moreover, it became possible to lend between borrowers and creditors from different parts of the world.
Now, Smart Contracts provide instant and secure instant lending and borrowing, stimulating the creditors and borrowers faster than any known financial institution in the world. Also, it reduces and equalizes interest rates around the world, thereby providing a global pool of liquidity on an equal footing.
The first loan was issued on June 8 and the ETHLend team is working efficiently to provide decentralized lending opportunities. One of the main advantages of decentralized lending based on blockages is providing access to world capital and reducing dependence on banking procedures and even providing access to banking infrastructure in developing countries.
The process is very simple. Instead of lending fiduciary currencies (FIAT), participants use Ether, which is a crypto currency based on the Ethereum network block. The lending process is completely decentralized, which means that no one, including ETHLend, can change, manipulate or influence the lending application and credit — the system is safe in its structure.
Secured loans. The borrower uses ERC-20 tokens, which can be any value as a loan security. Also, the borrower can use the Ethereum Name Service (ENS) as a pledge. At the moment, ERC-20 tokens are estimated at several billion dollars, ENS domains contain an amount of Ether of almost $ 1 billion. All financial indicators are growing at an astronomical rate and the need for decentralized credit credit is growing.
Possibilities of tokenization. In the near future, the borrower will be able to buy real estate in Russia, assess real estate in accordance with the ERC-20 token and mortgage these tokens for a loan to ETHLend. Thus, the borrower gets access to investors from around the world, not just local ones and this provides competition at interest rates. Tokenization can be used to finance a solar power plant, real estate, payment for studies or even buying a dog.
ETHLend is an international team dedicated to changing public opinion on the availability of loans and micro-loans. The ETHLend team seeks to provide more democracy in lending by reducing the difference in lending rates between countries, providing more liquidity where there are excessive barriers to lending.
More information about the development of ETHLend projects can be found at http://about.ethlend.io/en
Info site: http://ethlend.io
White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md
Discord (Better and safer than Slack): https://discord.gg/gcc7vpa
Slack: https://join.slack.com/t/ethlend/shared_invite/MjAzMTM0MzEyNzA3LTE0OTg0MDk0NDItOGY0MTlkMTlmZA
ICO thread: To be announced.
DAPP Thread: https://bitcointalk.org/index.php?topic=2013399
Telegram: https://t.me/joinchat/FWu2CQ0ZRCeWfey4eP8VhQ
Reddit: https://www.reddit.com/r/ETHLend/
Facebook: https://www.facebook.com/ETHLend/
Twitter: https://twitter.com/ethlend1
Author: https://bitcointalk.org/index.php?action=profile;u=1340749