For Defi to receive mass adoption there must be a platform ready to serve multiple cross-chain blockchain, such as crypto exchange, lending, swapping and much more.
While there are some crypto swapping platforms in the Defi world, performing these duties ready; they, however do have their various flaws and are restricted in cross-chain exchanging.
In this article, I will formally introduce Cobalt Lend Protocol for the first time, as a crypto lending protocol, where project developers seek funds to execute their projects.
ABOUT COBALT
Cobalt lend protocol is a lending platform based blockchain technology and allows members of the ecosystem to borrow microloans through voting from eligible members. Our objective is to eliminate all traditional financial institutions and their exorbitant charges from the lending processes.
The existing lending system is faulty and our platform is working round the clock to provide a better solution by introducing a community voted and approved lending program on the blockchain that is totally based on the benefits of the project, irrespective of the race, colour, or individual origins. The singular factor considered for the lends will be project benefits and collateral tendered by the borrower.
Aims
To offers borrowers a fair and democratic ecosystem where loans of all sizes can be obtain without going through the traditional financial institutions
HOW COBALT LEND WORKS?
Our platform will provide loans to all its interested users from the surplus capital in the time of surplus. All lenders on our platform will equally benefits fully from the interest charges on the loans.
The proprietary software Cobalt will enable quick processing of digital currencies and credit card via a mobile Dapp so within a twinkle of an eye, the Software will process loan application for borrowers via a voted and approved loan program, which largely depend on the benefits of the project and the value of collateral put forward by borrowers. Members of the ecosystem will decide the faith of the borrowers by voting on either to fund or decline the propose project.
WHY CHOOSE US?
Our platform enabling borrowers to get loans from the surplus capital in the period of surplus via community voting
Both the borrowers and lenders benefits from the new lending processes as a result of less processes, reduced charges and small overhead cost.
This type of model is totally trust-less as no central authority in control.
Due to the community having absolute control of which project to fund or rejected, no any individual can unjustifiably manipulate the lending processes.
TOKEN ECONOMIC
After the Cobalt (CBLT) Token Sale, CBLT will be available for trading on different DEX's. For instance, Uniswap, Mooniswap, Bancor to mention but few.
Cobalt Token Details
Symbol: CBLT
Tags/Notes: No tags or notes
Total Supply: 1,000,000,000.00 CBLT
Market Cap: $ 0.00
Decimals: 18
Owner: 0x04054436a34055aFED575D2AE7d6555D05417562
Transfers: 121
Holders: 85
CONCLUSION
Undoubtedly, our platform has successful digitalized lending of assets, simplified the processes for borrowers and makes it more profitable for lenders as well. With the introduction of community voting, no any individual can tamper with the lending terms if the propose project deem worth or not, the community decide on that.
More Info About Cobalt Lend:
Website: https://cobaltlend.com/
Telegram : https://t.me/cobaltlend
Twitter : https://twitter.com/CobaltLend
Medium : https://cobaltlend.medium.com/
Facebook : https://www.facebook.com/cobalt.lend
Linkedin: https://www.linkedin.com/in/cobalt-lend-9a83571b9/
Reddit : https://www.reddit.com/user/cobaltlend
Instagram : https://www.instagram.com/cobaltlend/
Github : https://github.com/cobaltlend
AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944