LOTS Monthly Report (May 2019)
Product Update
- More stable coin and other tokens with good liquidity has been added to the decentralized platform as collateral assets or lendable assets.
- So far we have realized three kinds of crypto loans on our platform:
- ERC20 tokens loans (stable coin included) using ETH as collaterals.
- ETH loans using ERC 20 tokens as collaterals.
- ERC20 tokens loans using ERC20 tokens as collaterals.
3. We speed up the inquiry function of view all loan requests by establishing a database collecting loan status from blockchain.
4. We have been ready to deploy KUN on Main Ethereum network, and we are going to initiate first round product use and testing to the public very soon.
5. We have also released our product tutorial in other language version to further gauge global users needs.
Again, Product KUN, which would be very easy to use, if you have decentralized wallets like MetaMask, you might only take several minutes to get a crypto loan by several clicks. Product KUN, would be very helpful, especially to those users who have a amount of tokens and looking up for prices. You can put them as collaterals and request a crypto loan on your own terms.
Market Exposure
We had a very fruitful meeting with the high-level execution team from Swisscom and Swiss Federal Railways SBB in Shanghai. On the meeting, we introduced our project and gave a live product demo. They also shared their insights on fin-tech area and public blockchain technology and advised us how to make our products safer and much more scalable.
We met delegation of high-level people who work with finance fields in Brazil. On the meeting, we talked about the way of integration blockchain technology to micro loans, P2P lending, credit cards, payment and their existing businesses. We had a very talk with Banco do Brasil, the biggest bank in Brazil, both of us are looking for areas that we can do together in the future.
Suggested Reading
Start journey with LOTS — Product Tutorial (I)
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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】
Twitter: https://twitter.com/LotsOrg
Facebook: https://facebook.com/Lotsglobal
Medium: https://medium.com/lots-epcot
Linkedin: https://linkedin.com/company/lotsglobal
Media contact: jocelyn@lots.org
