Platonius Lending Platform review

What Is Platonius?

Platonius aims to become the biggest lending platform in the cryptocurrency space and just like many of the next generation lending platforms, they need to come up with a new model. The old lending platforms like BitConnect and Davor really screwed the entire lending space, which many will argue were straight up ponzi schemes. Platonius is here to change that and to show that it is still possible to get a fixed daily income using a platform that is sustainable. They have a very interesting solution to many of the issues with the old lending platforms and while Platonius isn´t as flashy and groundbreaking as Crystal Token they keep it simple and in the hands of the users. This will be explained in details during my review.

The Ethereum blockchain seems to be the go to platform when it comes to lending platforms and Platonius is following the footsteps of many. This is in my opinon a good choice and I´d prefer Ethereum over any new script by unknown developers. Since Platonius is an ERC20 token you have access to their wallet information through etherscan.

Platonius claims in their whitepaper that they are sustainable by not being tied to $USD. Instead they will build around the Stellar (XLM) blockchain since it´s safer, faster and cheaper. Even though I agree with not using $USD for interest payments is much better, then I´m a bit puzzled on how that alone with guarentee the survival of the platform. The sustainability must also be tied to how they generate income, if there is no income, then there is no platform.

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