The Next Generation of Decentralized P2P Lending Platforms
- ICO start: 13. Dec 2017
- ICO end: 13. Jan 2018
Technology: Ethereum blockchain
Lendoit ICO Short Review
Lendoit is decentralized P2P lending marketplace platform based on Ethereum, which connects borrowers and lenders from around the world using the advantages of Smart Contracts and the Blockchain technology. Loans can be given in any of the ERC20 currencies. The platform provides all the elements a lending market needs to function, namely: professional scoring and verification APIs for each country, a loan marketplace, where lenders bid interest rates on loan applications and a default market where failed loans can be traded. The Lendoit Smart Loan Contract also offers important functions like syndicated loans and the ability to sell a loan to another lender if needed.