WHAT DO WE WANT TO ACHIEVE?
We want to bring democracy to lending. There are many people that do not have the access to banking. This means that they have less access to finance. We want to make lending possible without banks. We want that anyone could lend to anyone from anywhere. Moreover, we want to erase the interest rate differences between countries and bring true loan market for the people by the people.
ETHLend.io White Paper - Democratizing Lending
ETHLend.io introduces decentralized lending on Ethereum network by using ERC-20 compatible tokens or Ethereum Name Service (ENS) domains as a collateral. ETHLend solves the problem on reducing the loss of loan capital on default. On healthy loan relationships the loan is paid back. However, the pseudo-anonymous nature of Ethereum blockchain network opens the possibility to avoid repayment of the loan since the lender might not have all the necessary details of the borrower to enforce the debt in the borrower's jurisdiction. Moreover, enforcement in a decentralized environment, where the parties can be from any part of the world, might not be efficient. ETHLend provides decentralized solutions to avoid loss of capital and to make one true global lending market available.
Ref: ETHLendWhitePaper
Future Upgrades
ETHLend is planning to upgrade lending to Bitcoin, Litecoin and other Altcoins.
To avoid volatility risk, ETHLend provides an alternative to use USD as the base currency for lending.
Other upgrades: instalments, decentralized credit rating, Artificial Intelligence and Ledger Data (Big Data) to assess credit risk, crowdlending and liquidity pools, prediction market for assessing credit risk. Exhaustive list in our Timeline: https://about.ethlend.io/timeline/ And the White Paper.
Upcoming Token Sale
Starting: 25.09.2017 kl. 12.00 GMT
Ending: 25.10.2017 kl. 23.59 GMT or when the cap is reached
AMOUNT TO RAISE: 2 000 ETH
TOKEN FOR SALE: 60 000 000 LEND (6% of total sold tokens)
LEND TOKEN PRICE: 30 000 LEND = 1 ETH
(price includes 20% bonus tokens for all pre-sale participants)
Pre-sold tokens are deducted from the 1 000 000 000 LEND sold on official token sale.
Total Bounty Budget: 25 million LEND + 2,5 million LEND for Social Media Campaign from Week 3 onwards!
Ref : bitcointalk
