Lendoit is decentralized P2P lending marketplace platform based on Ethereum, which connects borrowers and lenders from around the world using the advantages of Smart Contracts and the Blockchain technology. Loans can be given in any of the ERC20 currencies.
The platform provides all the elements a lending market needs to function, namely: professional scoring and verification APIs for each country, a loan marketplace, where lenders bid interest rates on loan applications and a default market where failed loans can be traded. The Lendoit Smart Loan Contract also offers important functions like syndicated loans and the ability to sell a loan to another lender if needed.
The use of LOAN tokens guarantees the proper functioning of the platform while incentivizing and rewarding all participants in the marketplace. All fees charged by Lendoit are in LOANs — When Lendoit collects fees from the Smart Loan Contract, the process occurs via the Smart Conversion Contract automatically, and is paid in LOANs.
Total supply of token – 1,000,000,000 LOAN
Allocation of Funds:
Development, IT – 35%
Marketing – 33%
Business Development – 15%
Legal, Regulation & Compliance – 15%
Others – 2%
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