What is ETHLend?
The ETHLend project targets one of the major financial problems of today - loans. The existing financial institutions often "discriminate" when it comes to young people, first-time borrowers, or people form underdeveloped parts of the world. The ETHLend team proposes a creation of a decentralized p2p lending platform. On there, anyone can borrow or lend their cryptocurrency in a safe and transparent manner with interest rates set by the free market, not by financial institutions. The project builds upon the Ethereum blockchain technology and uses its smart contracts to regulate the crediting process. The LEND token allows users zero fee lending if it is used as a medium of exchange, discount if it is used as a collateral, promotion of loans, reduction of late penalty fees, rewards, platform voting and more. The user's credit reputation is managed with a secondary token dubbed Credit token. These non-tradable tokens are minted at successful loan repayment.
|Market Name||Traded On||Average Price||24h Volume|
|LEND/BTC||Binance, Kucoin, HitBTC||0.00000405 BTC||$174,103|
|LEND/ETH||Binance, BiteBTC, Kucoin, Gate.io, HitBTC||0.00005761 ETH||$33,165|
Fundamental Cryptocurrency Data
|Circulating supply||1,098,246,878 LEND|
|Trading volume of all markets for this coin||$207,258|
|ETHLend LEND Prices||
0.00 XAU (= 0.00) grams GOLD
0.00 XAG (= 0.00) grams SILVER
|Marketcap|| 4,461 BTC|
646.52 kg gold
50,802.97 kg silver