Lendroid: A Decentralized Digital Asset Lending Platform
I have been fond of the digital currencies always. The way crypto currencies have developed themselves is amusing and new ways of using them for our daily life needs has also changed tremendously.
There was time when we used to think that crypto currency is just store value or an asset for instance. But now a days the industry has revolutionised itself in great manner and we can see that many options like #Trading #Investing #Holding #Lending has come out of it. This has been made possible because of the blockchain technology on which the whole crypto currency asset is evolving.
I have been studying many products which are based on this technology and are actually worth investing into. After long term studies I have come to acknowledge that #Lendriod is one of the great project that deem fits all my needs of lending process.
Lendroid is a trustless, open, peer to peer digital asset lending platform based on the Ethereum blockchain.
-Source Lendriod Whitepaper
Whether you are a lender or borrower, the vital principle of the Lendroid platform is to give you immense pleasure while working on your asset. As lender you can earn decent amount of the interest on your lending while on the other hand as borrower you get really low-cost digital loans and that too instantly.
Who can be your guarantors? Here, the guarantors are LST token holders who gives us the secondary collateral security. Thus, the process stays completely decentralised and peer to peer.
The benefit as guarantor? You will receive around 20% of interest for your work and the funds are distributed to you at the end of loan period. For any obligations happened thereafter you will get funds after the auctioning.
I feel that this is really secured platform for lending and even borrowing the digital assets. The repayment system is completely in the hands of lender so we get the freedom to choose!
On top of this you might just think what kind of digital assets are supported by the Lendroid project which you can borrow using their service? Well, the answer is straight and simple, Lendroid can borrow you all the ERC20 supported tokens and thus making it very #unique platform to work with.
So if you really think that this is dazzling project then I would suggest you to go through the token details and also visit the official website of the Lendroid.
Infographic
I have also went through all the information provided on the website which clearly states the goals and achievements of this project until now. The coin prices, launch terms and dates, also the futuristic roadmap everything is just dazzling and makes me think that this project will do great. Its our personal choice to invest into it or not but for this project I would really suggest everyone to go through in depth analysis and see the benefits.
#ROADMAP for Lendroid
This clearly states that the Lendroid project is completely online and they are making the development progress as they have mentioned.
#Token Distribution Details
Considering the fact that there are only 12 billion coins in circulation I'm sure this will help the #LST tokens to keep its economy upto the optimum level. The demand will increase heavily in the future as the project will progress and thus it will increase the rates per token leaving behind huge prices and profit margins.
#Token Details
Whereas, the current rate per 48K coins is around 1 ETH and in todays date and rate of the ETH its huge per token considered. It is natural process that in the future ETH prices will also rise huge and thus we will be able to trade the coins at even higher rates than what we are seeing today.
So crypto lovers, I am pretty sure that you will not be regretted if you invest into project like #Lendroid and can make decent profits out of it and also avail the great lending services too.
For further readings and info you can visit the following links.
Official Website : https://lendroid.com
Official Telegram : https://t.me/lendroidproject
Official Twitter : https://twitter.com/lendroidproject
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STOP#Lendroid is one if the project on my mind as well. Hopefully they will turn out to be good. I have lending phobia but I have heard that interest that we earn is huge so I am gonna try this one.
Yeah go with it and you wont loose your investment for sure. Its huge lending platform which you can really trust.
Never tried the lending, are they really good one. I mean whats the proof for this one.
#Lending could be risky business but with the project like #Lendroid im sure that you will have some goo experience.
Great was looking for lending program since long and ended up here. Will do check this out. Thanks for the share.
Yup, you are always welcome to join this community. Its best project and you can rely on it.
Is that coin already got listed on the exchangers if any ?
No not yet. The coin is still in the Pre-ICO stage and you can always join the official channels for the updates.
This project seems something different to me. Not like the other lending programs were collateral is not that secure as this one has got!
Yup, you read it right and grasp it right. The project seems to have very much high collateral as compared to any other project so that you can rely on it perfectly.
So what is it that make the whole thing special apart from the collateral security that they are providing.
The collateral is what most important thing in the lending business so im sure that its better than anything.
I like you points of view! Bitconnect has kind of sketched me out to much from lending though.
Bitconnect was really different thing. Lendroid is backed up with good team and has got higher trust score. Thanks,
Very good to know! Thanks to you as well!
Lending is really risky business when it comes to the crypto currency. I still dont know how these collateral securities work here?
If you dont understand the collateral stuff then you can ask this to the team directly in the official telegram channel here : https://t.me/lendroidproject
Ahh! Very nice blog with infographic. Dont see these kind of blogs all the time. Good one.
Thank you very much. Actually there are many blogs like this but im trying my best.