LEND is an ERC-20 compatible token that is sold for token sale participants. ETHLend aims to attract future users of the decentralized application by selling LEND tokens that will provide 25% discount on deployment fees on ETHLend, when paying with LEND.
ETHLend wants to deliver a strong token to the market by introducing airdrops for rewarding lenders and borrowers. ETHLend uses part of the fees on ETHLend to purchase LEND from exchange and distribute the purchased LEND to lenders and borrowers. The aim is to increase user adoption and provide more value for the product and for the whole ETHLend project by acquiring an active user-base.
Our 24-month vesting plan for the developers supports the aim to deliver a strong token, whose total supply decreases as ETHLend becomes more popular.
ETHLend is a blockchain startup founded by Stani Kulechov. ETHLend aims to provide a global peer-to-peer lending market by using blockchain technology and smart contracts. Beyond local lending. ETHLend unfolds global lending by the use of cryptocurrency. Lenders and borrowers use Ethereum-native token Ether (ETH) for the loan transactions. By using Ether, the loan transactions are executed within seconds instead of days, which is a medium equivalent within the banking system on international transfers.
ETHLend has delivered a fully decentralized application (DAPP) that is running on the Ethereum blockchain network. Anyone can access it and start to lend and borrow from any part of the world without the need of a bank account. The DAPP is accessible with MetaMask, which allows to communicate with Ethereum network directly from the browser. Visit http://about.ethlend.io for more details.
-Decentralized
No one can stop your lending or borrowing, not even ETHLend. All lending is possible via the Ethereum Smart Contract. No assets are held by ETHLend.
-Access 2 Finance
We provide the ability to borrow even in locations where there are no banks in sight. People lend Ether to people, which means you don't need a bank account to get a loan.'
-Address 2 Address
You don't need a bank to lend or borrow. With the Ethereum network, loans are sent within seconds or minutes. No middle-men, just the borrower and lender.
-low-interest
Democratizing
We believe that interest rates should not vary based on where you live. We believe that everyone should have access to low interest rates.
-Transparency
Every transaction is visible. All transactions are open for block-explorers. You can follow on what is happening with your loan Smart Contract.
-True Market
Interest rates should not be decided by politics, economic policies or banks. Interest rates should be decided by the people and the free market.
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