WHAT IS TALETECODE
Taletecode is a decentralized peer to peer lending protocol that connects borrowers and lenders. Taletecode is a protocol which empowers borrowers to directly connect with lenders, and lenders to directly connect with borrowers. Taletecode solves critical problems of high interest rates, low liquidity, and an inability to borrow fiat. Taletecode protocol is an open source, fair and transparent platform that enables investors to make money from crypto loans and borrowers to borrow money from crypto lenders. It is a protocol which allows anyone to participate in peer to peer lending. Taletecode is a decentralized finance protocol that runs on the Ethereum blockchain. The protocol allows for the issuance of fiat-backed crypto assets, securitized crypto assets, and crypto-denominated loans, as well as other crypto asset derivatives. The protocol is designed to be highly modular and extendable. In most cases, it can be applied to the lending of any asset and any loan, such as mortgages, personal loans, credit card debt, etc.
Taletecode is a decentralized finance protocol based on the blockchain technology. With Taletecode, users can easily access to a variety of financial services (e.g. loan, debt capital, credit rating, etc) in a decentralized and low-cost way. The platform has been developed to serve the global blockchain financial community. Taletecode will be the first one to use smart contract technology to establish the credit rating system in the blockchain financial community. Taletecode not only breaks the monopoly of the centralized credit rating and financial service model, but also provides various financial services to users in a decentralized, low-cost and fast way. Taletcode is a decentralized finance protocol using Blockchain technology to secure loans that are collateralized by crypto assets. The protocol includes a decentralized application on top of a decentralized exchange. Powered by smart contracts, the protocol is public, transparent, and auditable. It is also cross-platform and compatible with the Ethereum and NEO blockchains.
THE FEATURES OF TALETECODE
TaleteCode is a decentralized protocol for collateralized crypto assets lending. It's designed for the secured lending of digital assets, using the ERC-20 standard token on the Ethereum blockchain to provide liquidity, transparency and security. Anyone can register and become a lender on the TaleteCode protocol. The lender will deposit his own ERC-20 token as a collateral, and the borrower will receive it in exchange of a fixed interest rate in USDT. The borrower can then use the borrowed token for his needs. This can be for trading, hedging, or investing. When the borrower returns the borrowed token, the lender receives it back and the borrower receives the initial amount of the loan plus the fixed interest rate. What makes TALETECODE protocol unique is its transparency, which is introduced by its internal token. This token is used by lenders and borrowers to settle the transactions within the protocol, avoiding the use of cryptocurrencies such as Ether and Bitcoin. This is possible due to the use of smart contracts and the ERC-20 standard.
The Taletecode platform is the first decentralized finance protocol, which allows individuals to get loans in fiat currencies, cryptocurrencies and digital assets and receive the loan in any currency they want. Taletecode is based on the lending and exchange of digital assets. Taletecode creates an exchange ecosystem based on smart contracts, where lenders and borrowers can exchange any digital assets or fiat currencies and the exchange rate is determined by the market. Taletecode allows people to combine the monetary assets of all the participants in the loan and exchange them for a new loan in any currency, as well as receive a loan in a currency that suits them. The growth of crypto-economy is so rapid that the volume of loans, issued by banks in fiat currencies, will fall. The loans in fiat currencies will be issued by smart contracts, which are executed on the Taletecode platform. Taletecode will create a new loan market, which is at the level of the global market, but only for those who understand the crypto-economy.
TaleteCode offers a decentralized peer-to-peer (P2P) finance protocol that enables lenders and borrowers from anywhere in the world to use the TALETECODE coin, a smart token on the Ethereum blockchain for the purpose of credit creation and trade financing. TALETECODE is used to pay transaction fees, such as the lender’s interest on the loan in the TALETECODE lending process and the borrower’s collateral. This process will ensure that TALETECODE can be used as a stable credit coin. TALETECODE is also used to reward borrowers who share their credit scores with the community and to reward lenders whose smart contracts help TALETECODE to become a stable credit coin by increasing its volume in trade finance.
USEFUL LINKS
Website: https://taletecode.com/
Telegram: https://t.me/TALETECODE
Twitter: https://twitter.com/TaleteCode
Discord: https://discord.gg/xqe2zrqsJH
Medium: https://medium.com/@taletecode
AUTHORS DETAILS
Bitcointalk Username: Smartkeok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661446