I think it is fair to say that lending investment gets quick attention, as most beginners want to have something like that to be used. But after recent events, it is getting a lot of hate.
However, now there is this thing called Cross platform lending investments by various upcoming ICOs, so where is this going to lead in the future? Is this not better or safest way?
Right now, I have read about Blendcoins -
https://www.blendcoins.io and this is where I got to know about Cross Platform lending investments, I like to know is this BETTER way? As with this we can do comparison of lending programs along with users rating and all that, so is this MUCH better system to be used?
I believe the reason why this lending ICO getting a lot of hate is because they are just like a ponzi scheme that upgrade there strategy into cryptocurrency. They are just using cryptocurrency to scam people becuse their old style is not effective anymore. Those ICO that is offering a huge amount of profit is obviously a scam, getting 5%-10% monthly is really huge and destined to fail. And those lending ICO that has no affiliation or partnership on a well known company is also suspicious.
We’re actually not like a typical lending platform as you presumed and don’t offer our own lending program with unrealistic amounts of profit.
As you can read in our whitepaper we will provide our users the ability to make, manage and track their lending investments on several lending platforms through our dashboard with the use of our coins and our users will receive extra bonus coins for doing so.
Our coins can be used within our dashboard to invest in lending contracts across multiple lending platforms which are actively monitored and classified (i.e. risk/reward ratio) by us and rated by our users to minimalize risks for losing your money on shady platforms.
Our coins can also be held in the Blend wallet for interest and will be trade-able within our internal exchange for BTC and ETH at first and later on for other lending coins from platforms which are listed within our dashboard.
Our claimed 10% interest for holding coins in the wallet is a yearly interest bonus, not the usual far-fetched weekly or monthly claimed returns.
We just hope you will make the effort to look at our website and read our whitepaper and we will continue to try to answer all questions in the best way possible.