Loan or Lease ($LOL) comes to CryptoBridge! Check out this project.

I've recently registered on Crypto Bridge to try out a new DEX (descentralized exchange) and got surprised on their quality.
The exchange is great!

They're actively listing new projects and I always like to go research it as soon as they make it available, supposing I didn't hear about it yet.
Got really happy and interested on finding $LOL - Loan or Lease

I'm always interested in low market cap and low supply coins.
LOL is definitely on both categories and when you realize its potential it'll be enough to stop laughing out loud and starting to invest in this cryptocurrency.

These are some of the technicals:
Total supply is only 7,280,000 unities and a circulating supply of 2,940,000 LOL.
Its now fully POS with masternodes.
Masternodes require 5,000 LOL and can run on Raspberry Pi3's.
POS payment is 25% for the ones that hold LOL on their wallets, this balance compounds if staked longer.
Confirmation time is 3 blocks and each block takes 64 seconds.

The reward for masternodes is not yet completely defined but it's projected to be 45-55% of transactions reward.
The idea of being descentralized remove single-points of failure, so if there's a problem with a local node the network doesn't collapse since we have other nodes sustaining it.

Hopefully they'll make available an extensive guide on how to setup a masternode for LOL.
would really appreciate it.

They plan to implement a P2P lending network removing the middle parties.
All borrow and lending will be implemented using smart contracts designed to automate and operate almost all the processes needed to effetuate each operation.

Its important to notice that if we have a new borrower on the platform they will have to deposit some collateral until developing a good "reputation" on LOL, so we're sure that they're paying back their loans.
Borrowers who pay back in time and in correct rates are also rewarded with LOL.

Besides lenders and borrowers the platform also consists in Authenticators who verify and authorize smart contract transactions between participants on the platform.
This decision is made based on the borrower score on the platform, which is tied to an unique ETH address.

The core team is formed by Cryptology, Yuurinbee and BTCbeehive and they're all pretty active on the project discord

One of the points I'd light is what would prevent an user with good reputation on the platform to steal funds of another lender by gaming the system?
or: is there a way to game the system and not pay for your lends?
this is a question I didn't find on the whitepaper that I hope the team can answer in the near future, or at least before product launch.

https://static.wixstatic.com/media/8970a6_83ee80e30dae4fb882ddb5c8a43f21dd_{mv2.png/v1/fill/w_699,h_958,al_c,usm_0.66_1.00_0.01/8970a6_83ee80e30dae4fb882ddb5c8a43f21dd}mv2.png

Besides this beautiful app design
there's also an interesting Roadmap for 2018:

Masternodes scheduled for Q1, coin
Burn of 290k LOL and beggining of smart contract implementation at Q2
Mobile App development and Smart Contract implementation at Q3
and release of the mobile app in Q4 to close the year.

Distribution
10% for development
20% Founders and devs
70% for the community pool being: 30% network development, 17% masternodes, 10% bounties, 10% burn and 3% airdrop).

Make sure to check their whitepaper, follow them on twitter and check their main website.
also great to see that they're on InvestFeed!

Cryptocurrencies can be dangerous, you could lose all your money and even die, never invest more than you can afford to loose and never buy poisoned water bottles. also, remember to exercise regularly, stretch, eat colorful vegetables and go out on the sun.

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Thanks a lot dear friends!
Talk to you soon!

Loan or Lease ($LOL) comes to CryptoBridge! Check out this project.

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