💠💠 If anyone is doubtful about this lending system, please comment below and ask your questions, we are here to make Crypto lending a reality through transparent Ethereum Smart-contracts 💠💠
Would have to say (and it'll help us cutting time) why don't you simply provide team members as per requested by DT? Can't find it on your site and your WP is not even available yet (so definitely can't consult on the file either). You certainly didn't have anything to hide?
💠💠 We certainly dont have anything to hide. Why dont we make team members public? ---> because then we have a central point of failure, if we have a figure head, it makes it easier for the law to come after us in areas where we are considered a security. There are many blockchain projects where the team is anonymous and it turns out just fine.
Why is our team relveant? Our smart-contract (which will be available end of token sale) is the core of cryptolend, that and that is all that is needed; hence being decentralized.
Any more questions? All feedback ia greatly appreciated.
Thanks Miiike 💠💠
Why is your team relevant? The very same reason you said one paragraph above the question. It's required, for the sake of possibility of tracking you down if anything goes south. That's obvious enough. And why would law enforcement comes to you and causes trouble if you're working and staying within the law they enforced?
And yeah, several (the numbers are actually not that many) project get the benefits of being inside the veil of anonymity, but that's because they provide solid projects, while yours are very questionable due to its similarity with ponzi.
Plus, the topic here is to provide a way that you're indeed legit and not like what the DT suggested as well as others perceive, if by revealing your team (and of course, they still needs to be checked if they're real) solves the issue, and if your team has nothing to hide, then why not?
💠💠 1. There is no possibilty of anything going south, the lending process is governed by ethereum smart contracts (which will be audited by Quantstamp), so even if our website gets shut down, that would not affect the core lending process of cryptolend.
2. Why do we remain anonymous? Because in the US we would be considered a securites offering, hence breaking the law.
3. The only thing that needs to be checked is the smart contract, which will be after we raise funds. Also, this is not a ponzi, in order to lend 10K USD, the equal amount must be available in the TrueUSD reserve smart-contract.
We are not seeing any flaws to this system, once again our team is irrelevant, only thing that matters is how secure the code is within the smart contract.
Thanks for feedback, more is greatly appreciated.
More questions? Please comment! 💠💠