Have you known the blockchain converstion of lending investment? This is about it. How businesses are being conducted in this age of advance and evolving technology is still baffling, as there are too many hitches involved with economic overlay that has deprived many gifted entrepreneurs and investors the expressions of their forte. The TokenLend project is the culmination of investment experience, as well as extensive experience in software development. The main objective of the project is to create a reliable ecosystem that provides a full service for providing loans to all parties involved. TokenLend will provide someone around the world with the opportunity to invest in real estate loans using various crypto currencies. This platform will eliminate the uncertainties that small investors usually face, helping them create an investment portfolio with a guaranteed loan that provides a competitive, predictable and consistent return. The platform will contain a list of carefully selected and pre-tested secured loans available for investment. TokenLend will accept loans only from the trustees who issue EU loans. Finance is the most crucial element in every venture especially for startups. The struggle for financial supports in this present age has driven many to quit their dreams. For others who have obtained support from traditional micro finance banks, the interest obligations are way too much of a heavy burden and can serve as a deterrent in most cases. More so, deficit on loan payment are something of a struggle for most financial bodies. They tend to have to deal with the unscrupulous attitude of those who are unable to meet up with contract clauses for loan repayments, and are often times forced to forfeit in cases whereby defaulters claim of bankruptcy. Upon these basic problems, human elemental traits that serve as middlemen factors have long been a hindrance to effective business relationships, especially where loan and debt services are involved.
How Dose TokenLend(TLN) Work?
With hike in fees and undue loan processing delays have made so many people discouraged about loan options when considering fundraising capital for starting up a business. The most affected individuals are those of the SMEs. Whereby access to financing can sometimes lead to disgruntled business partners. In the midst of all these troubles, loan facilities and applications for loan services seem to be on the rise. Tokenlend is seizing this opportunity to offer a decentralized loan investment service platform that helps to eradicate the problems plaguing the lending industry. Since the invention of smart contracts, loan access and repayment have become a possibility, considering the fact that the most inefficient element within the business chain link has been eradicated – human factor. With smart contracts people can conveniently access loans and are bound by the smart contract – ‘automated contract lords’ – to come through with the set agreements, else consequences are enforced automatically. By building an ecosystem where users can access global lending markets and profit by lending funds at the most minimal risks available. Tokenlend will strive to carve a niche for itself in the investment world of FinTech industries.
What Dose TokenLend(TLN) Offer?
An opportunity for small investors to build their investment portfolio through investments in loan facilities. Their objective is to make lending processes as easy as possible without the unnecessary interference of traditional banking and bureaucratic hurdles. With the lack of integration between financial services cross borders, they intend to be instrumental to breaching this gap; their perspective is to create access to investment opportunities in loan assets backed by real estate and also involve real-world plus smart contract legal entities to enforce the contract agreements and mitigate loan defaults.
TokenLend(TLN)-Crowdsale Analysis
A crowdsale will be conducted to raise funds for the project by selling Tokenlend tokens (TLN), which are basically utility tokens and are also the currency used by users of the platform to purchase Loan Participation Notes (LPNs) which is the core service operation of the platform. More so, only investors who partake in the ICO will be eligible to share in the platforms profits once it begins operations. During the Initial Coin Offering (ICO) campaign, TokenLend will offer Lend Coin (TLN) tokens for sale. TLN tokens are a digital representation of the right to an exclusive membership on the TokenLend platform. TLN holders have a ability to invest the desired amount of funds from their account into any of the available loans listed on the TokenLend P2P platform. The account balance on the platform represents the number of TLN tokens stored in the Ethereum wallet of the member’s TokenLend account at any given time. TokenLend platform will be released with pre-arranged list of secured loans from trusted EU loan originators, and user-friendly interface for our future partners. At the first stage we will accept only mortrage loans with the most trustworthy real estate properties as a pledge. It will allow to achieve best the risk/income value for our users. Platform’s business logic will utilize all benefits of blockchain technology by using Ethereum the distributed ledger. Representing every object as a smart-contract and performing all operations as token transactions between Ethereum addresses will help to achieve outstanding stability, integrity and the invulnerability of system data. TokenLend is a blockchain based technology system, Tokenlend will provide a decentralized platform for all loan transactions. Borrowers will not have to worry about carrying out complicated paperwork to lend to be processed. The democratic nature of blockchain technology will allow anyone to get a loan without any specific mortgage. Tokenlend will make the lending market accessible to all; Beyond international limits and social and political constraints. For international taxpayers, their investment security is a big issue. Because TokenLend will use smart contracts for transactions, the contributions of contributors will still be guaranteed on this platform
TokenLend(TLN)-The Conclusion
The team consists of developers, blockchain specialists and investors who are inspired by one dream- to build a robust and user friendly loan investment. The team has previously built the world famous software product, DAEMON Tools. The ecosystem is on the road to becoming one of the biggest and most trusted lending management platform. They are supported by the growing need of a transparent and consolidated lending industry. The team has a very promising road map with future potential for the disruptive growth. A Blockchain technology based transparent and secure platform will solve the problems which we face in our financial life.Real Estate as security is the key for the platform. The platform will ensure success for both the investors and the customers and will revolutionize the lending economy.Join this wonderful journey of TokenLend(TLN).
Official Web : https://tokenlend.io/
Whitepaper : https://tokenlend.io/tokenlend_whitepaper.pdf
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