LOTS Monthly Report (July 2019)
Latest product progress
1. Our platform launched a new module, i.e. Loan offer, under which users could initiate lending offers, and set mortgage and interest rates.
2. Loan Offer module supports a wide range of assets, covering most of the prevalent and stable coins (such as TUSD, USDC, PAX, DAI), and other ERC20 tokens with strong liquidity. While users hold this type of tokens, they would be able to gain profit from lending.
3. Under the Loan Offer module, borrowers are permitted to customize the type of collateral they accept, and the minimum mortgage rate is set to 50% (while the stable coin can be 70% mortgaged as collateral).
4. Each lending offer under the Loan offer module can have maximum 20 borrower’s loan response. This act can not only facilitate the transaction, but also minimize the payment of GAS fees.
5. The development of this module on the mobile terminal enters the test phase.
Marketing event review
On July 19th, Mr. Zeen, the CEO, on behalf of the team, participated in the “2019 Digital Economy New Change Seminar”. Before long, US Internet giant, Facebook launched Libra project, which triggered heated discussion among global regulatory authorities, especially the two houses in the United States. In such circumstances, LOTS team pay close attention to the impact of the project on global economic ecosystem. At the meeting, Mr. Zeen had earnest communication with a number of speakers, including Mr. Wang Yuehua, partner of DFJ Innovation Fund, Ms. Luo Qiong, CEO of Xiao Cong and Mr. Jin Rock, an economist.
Afterwards, Mr. Zeen traveled to Tokyo, Japan to conduct financing discussions and business communication with the local investment institutions.
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【About LOTS】
Based on the dual guarantee of blockchain technology and smart contracts, the LOTS platform builds a new financial ecosystem to provide high-quality, transparent and credible digital asset management services for qualified users around the world and explore the diversified wealth management needs of platform users. Through on-chain transformation of transactions and independent pricing, the operational risks of traditional platforms are effectively addressed, and information transparency and symmetry are achieved. Users will get a series convenient and secure digital asset credit services through the platform and tap the time value of assets while retaining the ownership of their existing assets to gain more revenue within the timeframe.
【Reach us on Global Channels】
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Media contact: jocelyn@lots.org
