What is the utility of $LEND?

in lend •  2 years ago 

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What is $LEND voting?

Voting is the future of blockchain based lending. Decentralized lending will allow users to vote on lending services and make instant loan decisions. LEND token holders will work with services to develop their services in exchange for LEND tokens, which can be used to vote on that service. The more tokens the service has, the more votes it has. This will create a positive feedback loop that will push the service to the top of the list. Lend block is a rapidly developing platform which is making a name for itself in the world of cryptocurrency. The platform, which is powered by the Lend token, is set to make a splash in the world of cryptocurrency. This is made possible by the unique platform that the company is putting together, which has the potential to disrupt the world of cryptocurrency lending. The platform will aim to improve the ways in which cryptocurrency investors can access lend services and can invest in a wide range of new blockchain projects.

The current utility of $LEND tokens is to provide the right to vote on the $LEND platform. If you vote, you get 50% off your interest rates. The voting will be through a web portal where you can vote for which dApp you want to have on the $LEND platform. The dApps will have to pay a fee in order to launch on the $LEND platform. If the dApp isn’t worth the fee, then it will be rejected by the community. The dApp that gets the most votes will win the prize. This is a way to incentivize people to vote and incentivize dApps to make really good software. Lend is a cross-chain liquidity protocol and platform that enables borrowers and lenders to create and manage loan orders, issue and trade debt instruments, and integrate with third party applications.

As a part of the $LEND token, the LEND token will be used to access the network and do any transaction on the platform. The LEND token is used as the currency for all the fees on the $LEND platform. This is a great advantage to investors, as the value of the token will be directly linked to the success of the $LEND network, and consequently the LEND token value will increase as the demand for the LEND token increases.

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Lend Roadmap

Lend is a decentralized lending platform that enables borrowers and lenders to secure the best interest rates available by using the Lend platform. The Lend platform features a unique business model that is based on lending from a pool of funds that are raised by the community of token holders. Lend is still a young company, and we have a lot of work to do, but we are very excited about the future. It’s not easy to build a new technology company. It’s even harder to build a new technology company that is based on blockchain. But we’re doing it because we believe in our vision of a decentralized lending platform where borrowers and lenders can trust each other, and where the best interest rates are always available.

Lend is a decentralized peer-to-peer lending application that is also a platform for other lending related Dapps. The basic idea behind Lend is that by providing a platform for peer to peer lending you can allow people to lend to each other without the need of a traditional bank or financial institution. By taking the middle man out of the lending process you can dramatically lower the costs associated with the lending process. The overall goal is to create a truly decentralized lending platform that will allow anyone to lend or borrow any amount of money with the confidence that they won’t be cheated or go into debt. Lend chain is a decentralized peer to peer lending platform built on the blockchain. We will be leveraging smart contracts and the security features of the blockchain to create a trust free peer to peer lending platform. The main utility of the $LEND token is to provide lenders with a way to passively earn interest. The $LEND token will also be used as a way to protect the network from spam and Sybil attacks.

Lend is a decentralized peer to peer lending platform with the goal of disrupting the current financial system. Lend will enable the direct transfer of value between individuals anywhere in the world, allowing for financial services to be provided at a fraction of the cost. In short, Lend will allow individuals to make money from their assets and will provide a blockchain based credit scoring platform.

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USEFUL LINKS

Website: https://www.lend.finance/
Telegram: http://t.me/lendfinance
Twitter: http://twitter.com/lend_finance
Github: https://github.com/tenfinance

AUTHORS DETAILS

Bitcointalk Username: Smartkeok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661446

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