Category Archives: Decentralized Credit Lending Platform
ETHLend Partners with Eidoo Wallet for Token Sale and Provides an Airdrop for All Eidoo Wallet Users
ETHLend will use EIDOO Wallet for Token Sale to Provide Additional Security
ETHLend and Eidoo are announcing a strategic partnership. The partnership will consist of the use of Eidoo’s recently announced ICO Engine, which ETHLend will use to launch the LEND token sale. Moreover, ETHLend and Eidoo are looking for long term plans with enabling ETHLend decentralized lending application to become amongst the first DApps in Eidoo’s upcoming DApp store.
The strategic partnership has enormous benefits for both ETHLend and Eidoo. ETHLend will use Eidoo wallet exclusively to perform the token sale on 25. November 2017 to provide more security for the token sale participants and enabling easy user experience to participate to the LEND token sale without the need for technical knowledge. After whitelisting to the LEND token sale, the participants simply download the easy to use Eidoo wallet, insert the token sale code provided by ETHLend and the participants are ready to participate on from 12 PM GMT on 25 November 2017.
Additionally, ETHLend will provide an airdrop 15 000 000 LEND for all Eidoo wallet users on January including those who have participated to the LEND token sale, which will be distributed accordingly between the Eidoo wallet users.
For Eidoo, ETHLend will be the first token sale to use the Eidoo ICO Engine after Eidoo itself performed a successful ICO with the platform. ETHLend suits well for the Eidoo ICO Engine since substantial amount of the LEND token sale participants are first time wallet users and Eidoo is providing easy user experience and additional security by avoiding phishing attempts, when no token sale address is exposed to the end user.
We are looking forward to a valuable partnership that creates incredible new benefits for ETHLend token sale participants and Eidoo wallet users or now and further with time.
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Update received from ETHLend…
ETHLend Partners with Bloom for Credit Ratings
Since May 2017 when ETHLend deployed the first live decentralized lending application on the Ethereum main network, we have been researching several options to provide sound lending experience for lenders and borrowers to minimize default risk.
Accordingly with our roadmap, ETHLend will develop the decentralized credit rating where centralized and decentralized credit rating systems can be used to minimize credit risk and conduct KYC on lending.
Today, we are happy to announce that Bloom is partnering with us on providing the ability to use local credit institutions’ credit scores for blockchain loans and in case of defaults, these defaults can be reported back to the credit rating agencies. With Bloom, we are providing more secure lending on our reputation based lending side.
Latest update received from ETHLend…
We Are Attending The Largest Tech Conference – Web Summit
ETHLend’s Jordan and Martin were participating SteemFest in Lisbon last week (quick brief by Martin on Steemit). Now the journey continues to Web Summit, the biggest tech conference with 60,000+ Attendees and 1,200+ speakers from 170+ countries.
We are exited to present ETHLend, meet other blockchain & tech startups. We have already set up a few meetings with potential partners and investors. Moreover, we are currently planning our Asia roadshow and meetups. Will inform about the cities and dates soon.
If you are around, do come and chat with us about the decentralized application or the upcoming token sale.
As usual, all insights and exclusive content on Telegram. Join below!
New York, NY, October 2017 – Celsius Network, a decentralized credit lending platform, is partnering with MicroMoney.io, a mobile app with a similar business model. The partnership will hope to expand the reach of cryptocurrency backed loans to customers worldwide. Since both firms’ platforms use the global Ethereum blockchain technology, the partnership will also endeavor to jointly develop and standardize the protocols and user interface on top of which these monetary transactions are processed on the blockchain open-ledger system.
The MicroMoney.io app currently extends credit to over 100,000 people in five Asian countries: Cambodia, Myanmar, Indonesia, Sri Lanka and Thailand. The firm seeks to use Celsius to extend higher limits to its best customers and better serve those who are underserved by the banking industry in the developing world and hopes to expand globally. MicroMoney.io is in the midst of distributing its tokens, looking to raise between $15-$30 million and add 25 million customers to its user base.
The NYC-based, Celsius Network similarly plans to manage and extend consumer loans through a peer-to-peer network. Like MicroMoney, Celsius hopes to serve the underbanked population with a focus on young adults who have limited or no credit histories. The product is slated to launch next year after token distribution. Celsius recently published its open-lending and credit protocols which are now available for adoption by all other lending organizations. Celsius just launched its pre sale and plans a token generation event in January.
Describing peer-to-peer loans and the innovation in the consumer credit space, Celsius Network CEO, Alex Mashinsky, has been quoted as saying, “No one has done this before on the Blockchain. We completely reinvent how you apply for a credit limit, get issued a credit score and get access to a credit line or a credit card., We created a membership organization which changes how you do things and who benefits.”
The MicroMoney executive team is led by Anton Dzyatkovskiy and consists of a diverse team of individuals spanning the globe. Celsius Network is helmed by serial entrepreneur, Alex Mashinsky founder of Transit Wireless and Arbinet – two of New York’s top startups in the past two decade.
Celsius has engineered a new global platform to enable peer-to-peer credit lending. Individuals within the network can apply to receive instant credit and apply for loans from other trustworthy network members depending on their transaction history. Using an ethereum-based smart contract marketplace, Celsius is providing an opportunity for everyone to participate in an ecosystem of credit lending. The platform offers peer-to-peer lending bydigital credit scores at low interest rates. Celsius will also enable borrowers leverage guarantors all over the world who are willing to join their digital wallets to our smart contracts to expand a borrower’s credit limit and lower their interest payments further.
MicroMoney is a mobile lending platform built on the global blockchain technology. The firm primarily serves the unbanked population by helping them gain access to loans. The fintech startup also creates credit profiles of its users that they then make accessible to banks and other lending institutions. By allowing access to the credit history of unbanked borrowers in Asia, Africa, and the Middle East, MicroMoney helps other lenders enter new markets with significantly lower risks. The firm hopes to eradicate poverty globally through its novel business concept.