Lots Ecosystem for Digital Assets
As history is seeing a constant surge in investors’ participation in cryptocurrency investment there’s an exponential growth in users’ demand for asset circulation. Millions of companies and individuals have come to realize the growing value and future of blockchain technology: 10% of the global GDP will be recorded on blockchain as crypto currencies become an imperative investment method.
Critics of blockchain technology claiming all or most of blockchain industrial usage is unnecessary and completely replaceable by less sophisticated methods. However, up to date blockchain technology has had a profound impact into energy and power, industrial, automotive, pharmaceuticals, aerospace & defense, food and beverages, textile and clothing, and other sectors. Blockchain simplifies business processes and ensure transparency and immutability, while eliminating intermediaries in logistics and supply chains. Up to date there’s nothing as secure as blockchain technologies, whether they are being used for financial purposes or not. A recent report by technology research company ReportLinker shows that blockchain technology in the United States’ manufacturing sector is expected to be worth $30 million by 2020 and grow at a compound annual growth rate of 80 percent to $566 million by 2025.
In the fintech world cryptocurrency has revolutionize the financial world and no critic — whether they like it or not — can say anything against that. At most they can refer to the early 2018 crypto recession. Some even complain the crypto world is not recovering from this fall in cryptocurrency prices. However, this is not the first time something this happens — nor the last! Just take a look at what happened to bitcoin prices in late 2013 with almost a 1,000% price increase followed by a recession where price dropped almost 5 times that value. The last few months cryptocurrencies have become more stable. Whether there are smalls small drops due to fake news people still continue to profit in the short term, as it happened with ripple due to its popularity with financial institution displacing ethereum a few times the last few days.
When it comes to credit, the benefits of cryptocurrency and blockchain are much greater. Both the lender and borrower can benefit in both scenarios: whether coins rise or fall. Crypto lending can open countless opportunities for raising liquidity and investment. Given the current scenario, Lots stands out as a new ecosystem for digital assets growth. As a blockchain marketplace for digital assets, it aims to offer individuals intermediary services, lending services and wealth management services to satisfy their respective needs.
For lending services, Lots is looking to provide a 3-way lending service:
User System
Our user system provides the creditworthiness of borrowers from transactions together with wallet addresses and artificial intelligence technology.
Evaluation System
By evaluating qualified crypto assets Lot’s facilitates loans through our newest and innovative quantitative and fraud detection models.
Exchange System
By using secured multi-chain loans with smart contracts and cross-chain technology, as well as independent escrow services, it allows digital assets to circulate fast, safe and easy.
An ecosystem such as this provides several advantages making your assets more valuable. Users can earn interest by lending their assets on their own terms and conditions. Users can raise liquidity against holdings without having to sell their investments. Users can borrow crypto to profit from show term as the market is volatile. Lastly, users can cover inventory shortage.
Lots ideates an ecosystem that motivates crypto asset growth. Our mission is to make assets more utilized, credit more transparent and investment more flexible.
