PLS anybody ... give me in a few sentence the purpose of the coin in this project. I understand the project , its smart contracts etc. Buit why the coin. I dint see profit for coinholders something like that.Who ca explain this to me so i can use that on my social media. THNX community
It's a decentralised P2P lending platform but with no KYC I think, so will probably be MUCH more popular than SALT.
P2P lending is a rapidly growing market estimated to be worth $1 trillion by 2025 & if you believe in the future of blockchain currencies, platforms & apps then you will know a significant share of P2P lending will be crypto based.
It's already available in some form on exchanges like Poloniex - People lend their BTC to people who want to take leveraged positions on AltCoins they think will outperform the loan cost.
This will probably be the most popular use case early on, speculators taking out ETH loans to speculate on tokens they think will outperform the loan cost. While risk averse investors can lend out their ETH & probably get 10-40% interest per year via ETHLEND depending how hot the crypto market & therefore demand for loans is.
Probably we missed it 