ARTEM: A DECENTRALIZED FINANCE CRYPTO ASSETS LENDING PROTOCOL

in #crypto3 years ago

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INTRODUCTION

In the blockchain, only a few platform takes the giving of loans in cryptocurrencies seriously. Some others don't even do that and even the ones who have that as a feature are weak in the provision of loans as a part of their services. However, it is good to have a larger network which will make this possible, providing lending options and setting up a program which will provide liquidity for all as well as give users the opportunity to invest better and take loans for further trading experience. Having said this, I think there is no need looking too far because right on DeFi industry, there is a perfect project called Artem, which is capable of providing crypto asset lending and improving the liquidity in the market.

WHAT IS ARTEM?

This is an independent asset lending project on the blockchain, created to drive the asset lending market and make rewards available to all the participants. This platform provides liquidity opportunities and make users earn rewards consistently in DeFi with only little effort put into it. The project is a blockchain based innovation, it has its place in DeFi and make opportunities available for the users to explore using the same technology. However, it supports the use of coins like; USDT, USDC, BAK, ETH and other forms of assets that form the primary currency structure. This is why you should consider using it. It also serve as a guide for the entire community and through smart contracts, it is able to achieve a lot and also introduce users to some other level of advantage.

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THE FEATURES OF ARTEM

The loaning process is made contract free for all the traders in this platform, and so instant loan can be collected with a choice to be anonymous.

For the sake of the users, this platform makes the blockchain technology a form of advantage when it comes to managing the loans and encryption of the assets. This makes it easy to eliminate the risks involved and overcoming the negative factors involved in the process especially the middlemen involved in it.

ARTEM has its source from the Artem foundation, an autonomous platform with full decentralization, providing quality services and having global relevance.

The stake holders in this platform can be trusted to take decisions and continue with this platform such that no one will be trusted but instead, contracts are allowed to control the operations effectively.

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ABOUT ARTT TOKEN

This token is meant to serve the users and is also meant to be taken as the governance token. It gives the users a way to be part of the services and provide liquidity mining with great contributions. Holders can use the token for the following purposes; for the implementation of perfect decentralized governance, for the use of smart contracts, for voting and also for taking the community management rights in the platform.

CONCLUSION

Those participating in this will have a good opportunity to take advantage of the distribution as Weill as the fairness that comes with the token, making it to be distributed fairly and avoiding all for sure of risks involved with the token, especially when it comes to the use of the tokens for transfers and all other activities in the blockchain.

USEFUL LINKS
Website: https://artem.finance/
Twitter: https://twitter.com/Artem_Protocol
Telegram: https://t.me/ArtemProtocol

AUTHOR'S DETAILS
Bitcointalk Username: Smartkeok
Bitcointalk Profile Link:
P. O. A: https://bitcointalk.org/index.php?topic=5291124.msg55849207#msg55849207

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