Lendroid is a unique lending platform. This aims to decentralize the tightly held finances in this segment. It has taken the world of cryptocurrencies by storm. It is, in fact, a no rent seeking trust independent open protocol.
Decentralizing margin trading is set to revolutionize the entire cryptocurrency space. This is because it will provide a unique initiative to nurture the ecosystem in a global pool. It also brings a sense of good governance aimed at improving profitability.
In fact, Lendroid is amongst the most anticipated new coin offerings. But the point is, will it be worthwhile investing in this segment? Well, let's analyze the various aspects.
What is Lendroid?
This new coin offering is seen addressing a much-required space. It will help open up a completely new funding opportunity for investors. Lendroid will help investors raise funds and avail short-term loans. They would not need any identity to undertake the trade. They can complete transactions without any third party interference.
It is based on the Ethereum blockchain and operates on an open protocol format. It will enable investors to leverage positions better. It also aims to bring about a healthy trading environment. It helps them take a loan against their Ethereum token. The rate of interest is also mutually decided.
Main Features
Lendroid is all about creating a symbiotic infrastructure and trading environment. This enables keeping the network operational by creating a global pool. There are many advantages of this new coin offering.
• Non-rent seeking: As we already mentioned this is a decentralized operating platform. All the transactions are operational using throughput off-chain utility actors.
• Autonomous: The user funds have no well-demarcated custodian. This is because the smart party removes the counterparty risks to a large extent. The lenders are not controlled by any centralized authority. This is why it brings about a sense of operational efficiency.
• Liquidity is shared: Lendroid supports a wide range of exchanges. It is also compatible with a large range of exchange protocols. The global pool also enhances the overall liquidity condition.
• Negotiable fees: The lending fees and interest rates can be negotiated offline.
• Provides multi-chain support: It creates a compatible eco-system and provides multi-chain operations.
What are they solving?
The question then is why you need Lendroid. This is because on-chain limitations often reduce the efficiency of these transactions. The Lendroid, on the other hand, incentivizes investors to take advantage of a global pool. The decentralized operating module removes the tight control on finances. Users can use a lot more flexible and smart lending solutions. This will help them yield greater value from their trade. It also seeks to enhance the profitability. This also seeks to offer a greater sense of security to these transactions.
Advantages of Lendroid
Therefore, the popularity of Lendroid can introduce several advantages. As cryptocurrencies achieve new highs, this will help address fundamental concerns.
• It brings in a greater sense of security and flexibility in trade.
• The relative liquidity is global pools increase significantly.
• The native token goes a long way in keeping the network operational.
• It is compatible across a wide range of exchanges enhancing its global appeal.
• It reduces counter-party risks to a large extent.
• It provides uniform level playing field to both the borrowers and the lenders.
• It brings about a greater transparency in operations.
• It improves trade practices and makes the network stable.
• It enhances the profitability and average return on the available fund.
• It brings about constructive community governance within the entire trade operations.
The Team
Lendroid was conceptualized in Singapore. The project was led by Vignesh Sundareshan. The other key members of the team include
Paul Martens- Head of Brand & UX
Franca Ciambella - Legal Counsel
Tyler Filiatrault - Community Manager
Vii – Developer
Supriya Vasu - Communications and Operations
Anand Venkateswaran - Community and Communications
Vivek - Developer
The core concept is all about facilitating cryptocurrency trade in a free environment. It seeks to reduce regulation without compromising the security.
Token Structure/distribution
It brings a total of 6,000,000,000 LSTs, or Lendroid Support Tokens into circulation.
A total of 2,400,000,000 are available for public sale.
- 20% of LST will be reserved for the Lendroid team
- 20% will be reserved for partners
- 20% is set aside for early investors
The softcap is 4000 ETH
The hardcap is 200000 ETH
It provides access to ERC20 tokens and short selling capabilities.
Conclusion
All in all, you can conclude that Lendroid is a stable investment option. It has some ingrained advantages. However, it is not a radical or revolutionary offering. It seeks to address some of the ingrained inefficiencies in the cryptocurrency space. The white paper is fairly broad-based, but the core features are comprehensive. It can be a reasonable value for money opportunity in the ICO space.
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