ETHlend– Decentralized Lending on Ethereum Network

Cryptocurrency purchases will increase in the next few years. There are significant developments in the use of Ether globally and especially in Asian countries such as China, South Korea and Japan. The result generates more demand for Ether loans. Previously lending Ether (or cryptocurrency) does not make sense because there is no guarantee that the borrower will repay the loan again. But with this latest innovation, all borrowers and lenders will be well managed so that it will benefit both.
ETHLend Profile
ETHLend is a company that provides services to parties who want to borrow a crypto token. The lending process will be governed by smart contracts so that the transactions that take place will go well and not harm either party.
This is the answer to the many people who need crypto to run the business they are planning. In this way it will build a healthy and stable business industry for all parties involved in their business. They now do not have to worry about the capital they need because ETHLend will facilitate you.

How ETHLend Works
EthLend allows secured loans to Ethereal users. The borrower submits a loan request. The loan demand created an intelligent contract in Blockain Ethereal. Furthermore, the borrower inserts data into smart contracts, such as loan amount, premium (interest rate) and time to borrow.
The borrower then enters their digital token address and the number of tokens used as collateral. After all data is set, the borrower transfers the token to a smart contract. After doing the process, the lender can fund the loan.
If the borrower does not repay the loan on time, the smart contract will automatically transfer the digital token to the Ethereal address of the lender. From this point on, the lender can store or sell digital tokens on a crypto exchange to cover the losses.
Excess ETHLend
• Decentralized >> Using decentralized transactions will make the service more secure and reliable. This will make users comfortable when using this platform.
• Trustworthy >> When borrowers apply for loans, ETHLend or others can not manipulate, stop and prevent loan demand once the loan is released.
• Transparent >> The process that takes place on this platform is very transparent. Users can check or see the transaction in progress. This will grow a business industry that gives each other a sense of comfort to each side.
• Free >> By using blockchain technology then every borrower can access to anyone and anytime.
• Access to Finance >> With ETHLend access to finance is wider
• Token-based >> Tokenisasi means that anything that represents value can be excluded and represented on the basis of an etcaleum-based etcale etiquette.

ETHLend Smart Contract
With decentralized lending, we see that all transactions are done on blockchain and all data related to loans are stored and run on the blockchain network. The solution provides security, trust and transparency between borrowers and lenders.
The Ethereal-based Intelligent Contract provides an ecosystem to create functions without trust between parties. We see that we can eliminate the need to rely on third-party services. All transactions are done using smart contracts. This means that when deployed, the loan agreement (code) can not be manipulated or compromised, even by ETHLend because the code runs on blockchain, copying it from hard drive to hard drive.
In a decentralized environment, there is a need to guarantee or provide reputation-based trust between the borrower and the lender because we must believe that the loan is repaid. Intelligent Contracts can handle complex transactions such as future payments, token delivery, shipping of the ENS domain and performing all sorts of calculations. In addition, smart contracts are able to store and group data on blockchain that are important for loan agreements because we need to store information on the blockchain regarding the loan amount, the premium, the day of the loan, the collateral, and the parties in the loan agreement.
ETHLend is currently developing a token credit, which is used as a reputation management for borrowers. Each borrower and lender receives a 0.1 token credit for each loan repaid totaling 1 Ether. This means that an active loan will be in accordance with proof of credit that can be used as collateral. Therefore, the borrower can "empty" other tokens and borrow with a reputation of payment

Token LEND
LEND is a token issued by the ETHLend platform to support the use of this platform. LEND is based on ERC-20 sold to token sales participants. When a user pays a transaction on this platform using a LEND token then he is entitled to a 25% discount.
ETHLend wants to deliver a strong token to the market by introducing airdrop to reward lenders and borrowers. ETHLend uses some ETHLend fees to purchase LEND from exchange and distribute purchased LENDs to creditors and borrowers. The goal is to increase user adoption and deliver more value to ETHLend's products and overall projects by acquiring an active user base.

Implementation of ICO
Token / Symbol Name LEND
Implementation Time                          November 25, 2017 - December 11, 2017
Price                                                        1 ETH = 25 000 LEND.
Number of Tokens                                1 Billion LEND (reduced token already sold)
Payment                                                  Ethereum          

for more information please visit :

Website: https://ethlend.io
White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md
Telegram: https://t.me/ETHLend
Reddit: https://www.reddit.com/r/ETHLend/
Facebook: https://www.facebook.com/ETHLend/
YouTube: https://www.youtube.com/watch?v=IGaoqUoL1F4&t=2s
Twitter: https://twitter.com/ethlend1
Medium https://medium.com/@ethlend1
Steemit: https://steemit.com/@ethlend

                                 

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