Investing in ETHLend is one of the smartest decisions you can make. It's not very often that revolutionary technologies like the decentralized Blockchain come along. So, like any investor, you should "strike while the iron's hot" to invest in token shares while the cost is so low! Start-up companies like BankEx, BitRent, Spectiv, and now ETHLend are all capitalizing on the near virgin market of decentralized Blockchain transaction ability.
Bitcoin was a raging success, and still is! And it provided the Blockchain with enough users to make it a driving force in the race to establish a real alternative currency. In the next few years, you'll see decentralized Blockchain technology completely take off! And what you see now is just the beginning. Investing in the Ethereum Blockchain now will yield an amazing return later!
Great Possibilities Brought To You By ETHLending
Completely Customizable Loan Options! - Agreements are made between the buyer and seller, not banks or finance institutions. So, if you choose to offer a low-interest rate on loan, or a high one, it's 100% your decision. And it only requires a few mouse clicks to set the rate! Additionally, there's no middlemen taking up fees, or restrictions based on location. Everyone can get access to low-interest rates, provided they pack back their loan according to the contract terms.
A Second Chance For People With Bad Credit! - Borrowers will be happy to know that thanks to the new establishment of the decentralized Blockchain, people with bad credit can finally get a second chance. With every loan paid back successfully to ETHLend, borrowers receive ETC which they can automatically use to qualify for uncollateralized loans. But if the borrower defaults, all the ETC is destroyed and their reputation scores with it. It's a second chance, but if you constantly default, the ETHLend system will block you from additional loans.
A Chance To Make Good Credit Great Again! - ETHLend also has great benefits for people who already have good credit and know how to manage their money. ETHLend gives you an additional credit line you can use to get the resources you need to get more done in less time. Many people find that participating in ETHLend and similar P2P based lending sites also act as a safety net that doesn't affect their FDIC credit.
Twice The Borrowing Power! - Also, if you have a great ETHLend rating with high ETC, you can have loans taken out through traditional FDIC banks, as well as the P2P/Blockchain platform, for twice the borrowing power!
ETHLend - The World's Very First True Loan Market
ETHLend is the world's first true loan market, built by the people, for the people. You won't find crazy fees, costs, or fine print like you do in federally insured banking institutions. Instead, ETHLend allows for nearly cost-free lending. Join ETHLend now, and get deals that blow away what traditional banks offer by a landslide! Get more from lending whether you're the lender or the borrower with ETHLend!
Claim your share of the ETHLend fortune now!
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Thank you for this post, it is amazing!
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@ethlend
@danizaharie
So....how exactly does that work?
What happens if a borrower defaults? The lender is just SOL?
Is the actual identity of the borrower known? (Or the lender?)
How are FDIC institutions connected/involved?
https://app.ethlend.io/faw on how to and for the rest:
If the borrower defaults, the tokens can be claimed by the lender.
The lending is pseudo-anonymous currently and since lending is collateral-based that is ok. They are going to add KYC as well.
Not sure about FDIC but the smart contract is available for banks and institutional lenders as well.
Hope this helps, I invite you to Telegram for further discussion if necessary: t.me/@ETHLend
Lending crypto - things get more interesting day by day!
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Great information thanks for sharing
nice information Dani, thanks!!!
img credz: pixabay.com
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How I invest in here interested @danizaharie
informations about tokensale can be found here: https://about.ethlend.io/token-sale/
That's well... I see details
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Interesting post
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