The Lendoit project has been built to help make the process of lending and loans easier. It has been built as a decentralized, peer-to-peer platform.
Lendoit has been equipped to provide comprehensive, wholistic and innovative solutions for both lenders and borrowers. The platform will integrate a third party professional rating feature from international verification providers as well as some prominent Collector Companies.
Both lenders and borrowers will be scored and rated; this will be a good indication of both their transaction effectiveness and credibility. The platform has been configured to generate unique Smart Reputation Contracts and also a creation of Smart Compensation Funds Contracts that will help secure lenders funds and help in hedging their risks.
Lendoit provides enough flexibility that makes it possible to have loans transacted in any of the ERC20 tokens or cryptocurrencies. Tenders are also directly enabled through Lendoit-supported third party wallets, and this is regularized through the application of the platform’s Smart Loan Contract.
The Lendoit Initial Coin Offering
The platform’s token, LOAN will go on sale from the 13th of December, 2017 until the 13th of January, 2018. This way, the public will be given an opportunity to partake in this unique project which is set to change the borrowing and lending game.
By owning LOAN tokens, one become a lender, get to borrow on the Lendoit platform, play the role of a provider, as well as adapt to other stakeholder roles that they deem competent for.
Lendoit has been created as a game changer for the micro-lending economy and it is one to keep an eye on.
For more details, follow the Lendoit ICO here.