ETHLend - The Ethereum Lending Network

Now that the cryptocurrency "Boom" is in full swing, more and more people are looking into investing in Ethereum. Ethereum, or Ether for short, is an alternative solution to mainstream currencies like USD, Euro, British Pound, Deutsche Mark, etc. Ether has no country restrictions, limits on what you can purchase, or limits on who you can make purchases from.

It all revolves around the Peer-2-Peer decentralized Blockchain, originally made famous by Bitcoin. These days, this very same Blockchain has only grown stronger, and now supports millions of active users. And with millions of users and the ability to eliminate the most common fees associated with traditional lending, comes the opportunity for borrowers and lenders to save the most!

EthLend is the world's first true loan market, built by the people, for the people. You won't find any crazy fees, costs, or fine print like you do with regular banking institutions. Instead, ETHLend allows for almost completely fee-free lending. You get deals that blow away what banks can offer by a landslide, whether you're the lender or borrower!

Features Of ETHLend - Decentralized, 1-On-1 Lending Made Easy

• Smart Contracts - Through the introduction of Smart Contracts, ETHLend members have an electronic and legally-binding way to setup their lending agreements. Smart Contracts are 100% customizable! As an example, members can assign a token value amount to ANYTHING they choose, as well as dictate a unique and specific time frame for their loans to be paid back.
• ERC-20 Collateral Tokens - ERC-20 tokens are universally transferable to any Ethereum wallet, and is the main way to secure a collateral based loan at the site.
• Collateral ENS Domains - Ethereum Name Service Domains, or ENS domains for short, can also be used as collateral. Since these domains "lock" ether as soon as the domain is paid, it makes sense to use them as an in-site form of currency.
• CRE Credit Tokens - This is how ETHLend users build their reputation. For each 1 ETH a borrower repays, he/she will receive .1 CRE. CRE are Credit Tokens which can be used to gain access to additional unsecured loans. .1 in CRE allows the borrower to borrow .1 ETH, respectively. In the event that a borrower defaults on a loan, the CRE is lost, reducing their in-site reputation greatly. The usage of CRE in ETHLend works to prevent theft and creates a publicly viewable record of the lending event. Access to uncollateralized loans are offered to people who are honest and pay back the amounts they borrow, not otherwise.
• KYC Policy - Currently, ETHLend is working to create a suitable KYC Policy that's acceptable to everyone. In order to determine what policies should be in place, ETHLend will first need to gather all the relevant data.
• Unsecured Loans - Loans based on Ethereum credit worthiness alone can be found at ETHLend. The more CRE you earn by paying back loans in full, the more attractive you'll look to lenders in the future.

You can rest assured that people who want to make a habit of defaulting on loans and participating in theft will bear "The Mark Of The Beast" within the Blockchain. The Ethereum Blockchain creates an unchangeable log of events that's publicly viewable by everyone. So, if someone turns out to be a thief, everyone will know it, and they'll be eliminated.
Start Investing In ETHLend Now!