Links
Slack (not available)
Overview
ICO Opening Date
November 26, 2017
ICO Closing Date
February 14, 2018
Country of Origin
Estonia
Description
Lenders deposit their fiat money using international/local bank transfers or bank cards and request loans on their own terms (repayment, interest rates etc). Lenders either manage the loans themselves, or they can let our algorithm manage the loan completely on autopilot - thereby avoiding the manual creation and continuous monitoring of loan requests. If the borrower fails to return the funds, the system will automatically liquidate (sell) the pledged crypto asset and return the funds to the lender (including the interest rate), thereby ensuring the absence of risk and a full repayment of funds.
Borrowers can deposit cryptocurrency, and create a loan application for a maximum of 70% of current market value — to preserve the borrower's crypto assets and reduce the risks caused by the high volatility of the cryptocurrency market. Borrowed fiat money can be withdrawn quickly and conveniently, receiving their crypto assets back in full once loan conditions are repaid.
Technology
Blockchain Platform
Ethereum
Team
Members
Alex Faliushin - Founder & CEO
Max Sapelov - Founder & CTO
Eugene Landau - Lead Developer
Semen Zverev - Lead Engineer
Alex Marsoff - Designer
Mike Rozhko - Business Development
Dana Yatsenko - Public Relations Manager
Nika Maren - Community Manager
Advisors
Mike Shokin, CFA
Boris Otonicar
Arturas Svirskis
Desmond Marshall
Anton Sergeev
Daniele Azzaro
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
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