Democratizing Lending with Ethereum Network.
Fully decentralized peer to peer lending Smart Contract on Ethereum block-chain for lending Ether by using tokens as a collateral.
Would it be great to live in a world where everyone has the same access to finance or even the access to finance in the first place? — Stani Kulechov, Founder of EthLend
- Decentralized: all lending is possible via the Ethereum Smart Contract. No assets are held by ETHLend. - Access 2 Finance: the ability to borrow even in locations where there are no banks in sight. There is no need in a bank account to get a loan. - Address 2 Address. There is no need in a bank to lend or borrow. - Transparency. Every transaction is visible. All transactions are open for block-explorers.
Attention. There is a risk that unverified members are not actually members of the team
$17 411 336
$29 651 956
$86 500 796
Opportunities:The alpha platform is live and users have been borrowing and lending on the platform already. This shows the team’s execution capability.We believe there will be tokenization of different assets (real estate, shares, intellectual property, etc.) in the future, which makes the use cases of EthLend much broader than it is now. For example, users will be able to refinance their properties on EthLend if those assets can be tokenized.For cryptocurrency holders, they can earn additional income by lending their holdings out. The default risk is mitigated as long as the loan is fully collateralized.
Concerns:The platform only deals with crypto-to-crypto borrowings, so it is not as convenient for people who want a loan in fiat compared to other blockchain projects that provide crypto-to-fiat or fiat-to-fiat lending. However, it also means that there will be less regulation restrictions for ETHLend compared to other projects.The team members are mostly on the younger side and do not seem to have relevant experience in the lending space.The ICO is only available through the Eidoo platform, so users will need to download and fund the Eidoo wallet before contributing to the ICO.
Conclusion:Overall, we like this ICO both for its short- and long-term potential. Our thoughts of the tokens for short term and long term are as follows:For short-term holdingGood. The market currently likes low cap projects and we believe EthLend is one of the more promising projects with the working alpha on the mainnet and high market awareness. The 6% tokens sold with 20% bonus should not have much impact to the overall structure.Judging from what happened to Oracles Network in the previous week, we believe EthLend will have no problem selling out with unmet demand.For long-term holdingGood. While the use cases may look limited for now because EthLend is a crypto-to-crypto platform, we believe as tokenization of real assets becomes more prevalent in future, EthLend has a good chance to become a market leader in this space.Combine that with the low market cap, we believe EthLend is a good long-term holding if the team can execute well.
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