Hey I recently came across this project. I find it really interesting and would like to know more about it.
I've got a couple of questions, please don't be mad if they have already been answered in this thread.
1. I feel like the Roadmap is planned really tight. Is the Team big enough to follow it and deliver in time?
2. The only reason for a borrower
not to pay back his loan is the "Optional ether collateral supplied by the borrower" (WP) what other incentive should a borrower have to not just take loans and run away with it (he could do this over and over if I am not mistaken)?
3. Are there any plans to connect this system with other branches (like margin trading) to incentivize people to even use it? I feel like, without this, people would just mine it through borrowing to themselves over and over, which would make ELIX kind of useless in the end.
4. is there a plan to release a more detailed WP?
5. Are there Plans to reveal the Team? I think this would bring great trust!
Sorry again if these questions have already been adressed!
Greetings!
1. We're on track to deliver the products in the Roadmap. We believe it's a realistic time frame.
2. This question has been answered well in
this Reddit post.3. The incentive for people to use the ELIX lending service is the reward generated for paying back a loan, or the reward received for being repaid. As stated in the whitepaper, clever mining between pairs of personal addresses is expected, but there is a limit to how much more reward can be generated using clever mining.
4. Yes. We realize a lot of new updates have been released recently.
5. Yes.
