- How we differ from competing projects? Many projects are trying to create P2P lending platforms on the Blockchain, and this is a sign of where the market is going, but most of the projects apply faulty implementing approaches. Our approach is unique and different and unlike others, Lendoit is the only platform which does NOT take collaterals. In the world of micro-loans, managing collaterals is not sensible - it’s like lending $USD by using €EUR as collateral. Lendoit platform combines 4 different efficient methods to mitigate the chances of our lenders to lose their money:
- Not taking collaterals- Borrower scoring- Unique Smart Reputation- Transparent Compensation Fund- Interest Tender- Collectors’ Tender
Attention. There is a risk that unverified members are not actually members of the team
Lendoit aims to create a decentralized P2P lending platform that connects borrowers and lenders from all over the world using smart contracts and blockchain technology. The platform creates a free market where market participants determine the price of loans, allowing borrowers to access lower interest rates while lenders can choose where they invest.
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