Cryptocurrencies have to be more accessible for institutional money
The crypto market is already enormous and has definitely proved that it shouldn’t be overlooked by anyone, especially those in the financial world. Despite more than 18 billion dollars trading hands on the crypto markets every day, adequate tools still don’t exist for the big financial institutions to fully get involved. This is a huge problem, as anyone in the cryptocurrency community, knows that they are needed to propel the market to the next level. An essential aspect of the modern economy is the act of lending and borrowing, however, this still isn’t available at a level of security and professionalism that institutions and even the public demands. Luckily, Lendingblock, a crypto startup is here to change all of that. They are creating a platform which allows individuals, investors, funds etc. to carry out deals under a simple, secure & transparent environment. Another notable aspect of this platform is that parties will be able to borrow and lend all kinds of digital assets, not just Bitcoin, Ethereum or Ripple. As Lendingblock says it themselves, they are introducing securities lending to the crypto world.
How smart contracts creates a secure experience
One of the significant differences between Lendingblock and ordinary lending services is that deals are carried out through smart contracts on the Ethereum blockchain. When details of a specific deal are finalized, collateral will be stored on the Ethereum blockchain, where no one can touch or control them. When the lender has been paid back the agreed upon amount, the smart contract automatically sends the collateral back to the borrower. The borrower can be certain that the collateral is paid back, as the smart contract isn’t controlled by anyone, it is controlled by the code which it has been given. Because the smart contract is on a decentralized network, anyone is able to verify it, and no one will be able to change it once it has been deployed. When a lender is to receive interest for their investment, they are paid in the Lendingblock token (LND), a token built on the ERC20 standard. As interest is paid through this token, a natural demand for it will occur, according to the popularity and the number of loans carried out on the Lendingblock platform.
To fund their project, Lendingblock is raising funds through an initial coin offering (ICO), selling their ERC20 token LND. The LND token is going to be an essential part of the Lendingblock ecosystem as it facilitates payments.
The pre-token sale started the 7th of April
The token sale ends the 22nd of April
1 LND = 0.02 USD
- Total amount of tokens minted is 1,000,000,000 LND
- A maximum of 600,000,000 LND will be for sale during the ICO
- Hard cap is 10,000,000 USD
It is always important for any kind of project to have a very strong team, and in this case, Lendingblock certainly has a strong team. Their team consists of individuals with tons of knowledge in the financial world, software development management and more. But the most important thing is that they have worked in these fields for years, so they are prepared and know how to navigate in order to push the project to desired heights. The following is just some of the members of the Lendingblock project.
To view the entire team, learn more about them and their advisors, visit the official website at: https://lendingblock.com or read their whitepaper for further information here: https://lendingblock.com/static/media/Whitepaper-English.21b2ed91.pdf
The team is very good at updating their community in details through video updates on their YouTube channel: https://www.youtube.com/channel/UCSW4xLO-6zXYI6BVT0o64Eg/featured?&ab_channel=Lendingblock
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
ANN Thread: https://bitcointalk.to/index.php?topic=3109951
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