What is Ethlend? An Introduction To Blockchian Technology Based Decentralized Lending Platform
ETHLend is an Ethereum Blockchain based decentralized lending application (DAPP) which allows peer-to-peer lending backed by smart contracts.
ETHLend strives to remove the control and power held by traditional banks and large financial bodies to democratize the process-heavy lending drill. In stark contrast to other blockchain loan applications, ETHLend allows both the borrower and lenders in deciding the essential loan details without the requirement of a middleman. Thus, the interested parties can create a loan contract according to their own terms irrespective of their geographic positioning.
LEND, the native tokens of ETHLend Lending platform is listed on and can be purchased from the following list of cryptocurrency exchanges:-
- Kyber Network,
- EtherDelta, and many more
How To Buy ETHLend in India?
At the time of publishing this article, no cryptocurrency exchanges in India has listed LEND token on their platforms.
ETHLend Wallets | Where To Store LEND Tokens?
ETHlend tokens are ERC-20 Based tokens built on Ethereum Blockchian. Hence, LEND tokens can be stored in wallets that supports storage of ERC-20 Tokens like:
- MyEtherWallet (MEW),
- Ledger Nano S,
- Trezor, etc
Here is a full list of wallets that are compatible and supports storage of ERC-20 tokens:- Best Wallets To Store Your ERC20 Tokens
Team behind ETHLend Cryptocurrency
The ETHLend team comprises of six advisors and twenty-two members at present and is being led by its CEO and founder Stani Kulechov. Other important members are:-
- Lazaro Gustave, the Head of Management and
- Martin Wichmann, the Head of Token Sale who have helped ETHLend in attaining 100% of its ICO goal.
The ETHLend team also comprises of several other members who focus entirely on media correspondence and marketing. Technical and nontechnical advisors look after the issue of legal, security and development concerns of the organisation.
Additional ETHLend Resource Links
The decentralized platform of ETHLend provides secured and peer to peer Ethereum loans by removing the barriers of geography and politics from the equation. LEND ownership does not entitle its holders with any other right apart from usage of the same on ETHLend coupled with a 25% discount on deployment fees when paid in LEND. It does not represent or entitle any stake or ownership right, obligation, share, security or equivalent rights, or any right pertaining to receipt of revenue from ETHLend company or foundation and shares in future as well as intellectual property rights or similar form of participation in the ETHLend application or its affiliates.
LEND tokens cannot be treated as security, digital currency, share, commodity, derivative or other form of financial instrument. Neither can it be refunded.
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Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.