At the beginning of this year cryptocurrencies caught major attention because of the rise in the price of bitcoin as well as millions of dollers lost in Iota, NEM due to Coincheck and Bitconnect.
This has caused serious attention from the U.S. Securities exchange and commission board (SEC). Websites like USI Tech and Bitconnect have received cease and desist orders to protect the public. Regulations in cryptocurrency will increase over time so its wise to look at which sites or coin are registered legally.
Davorcoin- https://davor.io/Account/Registration?r=8D2B22
Including others have a lot to worry about for me I have already received my initial investment back plus interest. I will still reap the rewards although Davorcoin has opened its lending program to include early capital release to make investors feel safer the price per dav has dropped dramatically. Rather it be the regulations or rumors/ media influence lending platforms future is looking bleek.
Polymath - https://www.polymath.network/
The Polymath network connects token investors, KYC providers, smart contract developers and legal experts who help form the basis of your securities token. The platform will be including the biggest names in wallstreet in the near future and will be completely registered, taxed and legal .
Bankera-https://spectrocoin.com/en/signup.html?referralId=866403517
(purchase ICO on spectricoin symbol BNK)
Bankera is building a digital bank to last for the blockchain era.Still has an ICO it aims to offer services in these three groups:
Payments including payment accounts with personal IBAN, debit cards, interbank foreign exchange rates and payment processing. All services will support both traditional fiat currencies as well as cryptocurrencies such as Bitcoin, Ethereum, DASH, NEM, ERC20 compliant tokens and others. In the long term, Bankera will implement innovative solutions such as gross-domestic-product (GDP) linked currencies and the use of exchange traded funds as a substitute for money.
Loans and deposits will be a key competitive edge as well as core service of Bankera. Current deposits will receive interest just as savings do. All Bankera clients will be able to benefit from higher interest rates due to proprietary information about borrowers' cash flow, as most loans will be given to business clients who use the payment processing solution.
Investments will consist of low-cost investment products such as exchange traded funds (ETFs), crypto-funds (a portfolio of various cryptocurrencies and crypto tokens) as well as roboadvisory solutions for wealth management. Eventually, Bankera will offer investment banking services including financing corporate strategies of our business clients.
Bankera even has members of European Parliament on the advisors team. Eva Kaili is a chairman of the European Parliament’s scientific foresight unit. She is highly interested in topics related to Financial Technology, Blockchain, decentralization, and artificial intelligence. Antanas Guoga Also known as TonyG, Antanas is a serial entrepreneur and a well-known poker player. He is actively participating in political discussions regarding cryptocurrencies and cyber security.
($Token holders receive life time dividends on potential earnings based on the amount of ICO tokens held)
Conclusion: Yes lending platforms are risky and in the grey area of crypto space for now but if the platforms are filed under as securities, regulated and made legitimate they can become a very useful financial tool. I have invested in both to diversify my earnings as well as my risks. Only invest what you can afford to loose even profits can be made on small amounts invested.