The purpose of $LEND?

in #review2 years ago


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The main purpose of $LEND is to be the top stable token of all cryptocurrency. $LEND will be a decentralized cryptocurrency that will be used as a medium for exchange of goods and services, as well as for investments. The main goal of $LEND is to be the top, most stable and reliable cryptocurrency in the market. LEND is a community-driven, decentralized ecosystem that is designed to solve the problem of lending. The platform enables the execution of IOUs and will utilize blockchain technology to provide a secure, efficient, and private environment. LEND will have a huge impact on the lending industry by disrupting it by following global trends that are changing the way we manage our finances. The main purpose of $LEND is to provide a set of comprehensive financial services that allow to gain access to the crypto market, to earn profits on the growing crypto market and to be in demand in the crypto market. $LEND will allow users to:

  • earn money in the crypto market;
  • issue and sell their own tokens;
  • make money on lending cryptocurrency or fiat money

$LEND is a a global lending network built on top of the blockchain. We are a decentralized peer to peer lending platform that connects borrowers, lenders and co-signers (credit guarantor) across the globe. $LEND is managed by the $LEND foundation based in Liechtenstein. This foundation grants loans to borrowers, who are rated by the $LEND reputation-based lending system and default on their loans, thereby creating an opportunity for lenders to obtain an interest on their loan. The $LEND platform is designed to be a decentralized application (DApp) built on top of the blockchain. The goal of $LEND is to promote financial inclusion and increase access to credit for borrowers and investors. The primary goal of $LEND is to provide a decentralized, global and inclusive ecosystem of lending services. Our goal is to help the unbanked, underbanked and the rest of the world access the benefits of lending services. We are starting with the fintech industry where most of the unbanked and underbanked reside. We plan to expand into other industries by providing lending services.




The utility of $LEND?

$LEND tokens are the key to earning real yield from the LEND protocol. Within the $LEND token structure the token will give holders governance and voting rights in important decisions for shaping the future of the platform. So by holding $LEND you'll be able to have a say in the future direction of the protocol.

$LEND tokens are also the key to earning passive income from our ecosystem. Once the token has launched, holders can supply $LEND to the protocol in exchange for $tLEND which actually makes them eligible to earn a large portion of the total revenue generated by the protocol.

Steve takes his $LEND tokens, supplies it to the Money Markets on app.ten.finance -> Steve then receives $tLEND tokens as a deposit receipt. Holding $tLEND allows him to also receive additional $LEND tokens as an incentive for supplying his tokens to the market.

ROADMAP



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Lending protocols are not new to the DeFi ecosystem and there are many established protocols with multi-billions of dollars in value captured. By January 2022 the Total Value Locked (TVL) was well over $170 billion! Despite the DeFi space being very much in its infancy, that is still a tremendous amount of value captured by protocols that are still generally, overly complicated and very difficult for the average user to get onboarded. LEND aims to simplify this process and achieve financial inclusion for everyone. Providing true value to our users with no barriers to entry.


For more information follow these links:
Website: https://www.lend.finance/
Whitepaper: http://lend.gitbook.io/
Telegram: http://t.me/lendfinance
Twitter: http://twitter.com/lend_finance
Github: https://github.com/tenfinance
BTT : ballad96
POA : https://bitcointalk.org/index.php?topic=5422765.msg61376696#msg61376696

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HI @spaggiarist

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