ETHLend Price Prediction 2018, ETHLend Forecast and Price Charts – When to buy ETHLend? What is the ETHLend price today? ETHLend Forecast, Short term and Long term Price Predictions for Next Months and Year: 2018, 2019 and 2020.
ETHLEND (LEND) PRICE PREDICTION 2018
ETHLend is an Ethereum based lending platform. As of 8-3-2018, the price of LEND stands at $0.05413 USD. You will get 1847.4 LEND tokens for your 100$ investment. We are expecting a long-term price increase based on our forecasts. The five-year prognosis places LEND at 2.110 USD. The price today is $0.05329. There are 1,078,032,485 ETHLend‘s out there and the market cap is $58,356,593. The trading volume is at $1,572,830. LEND price prediction, ETHLend price forecast, LEND price and news, LEND price forecast, LEND price prediction 2018, What is the price of LEND 2018.
WHAT IS ETHLEND (LEND)?
ETHLend is a blockchain marketplace built on top of Ethereum that allows peer-to-peer lending. It lets people build smart and secure lending agreements using smart contracts and blockchain technology. It lends the native Ethereum currency Ether after taking in a collateral amount in the ETHLend’s native token LEND. The platform puts the control of the entire process of loaning in the hands of the loader and lender as opposed to being rested with a central authority like a bank.
ETHLEND (LEND): HISTORY
ETHLend’s alpha version went live on the Ethereum main-net in Q2 of 2017. Around the same time, collateralized lending was enabled for domains under the ENS. The white paper was also released at the same time. Reputation-based lending and the token pre-sale went live in Q3 of 2O17. Airdrop and centralized credit rating are planned for Q1 of 2018.
HOW DOES ETHLEND (LEND) WORK?
ETHLend is decentralized and thus has no central authority to put restrictions on either borrowing or lending. Smart contracts are used to handle everything and the funds are never in the possession of the company. There is no variable interest and the transaction fees are very low. Also, the only thing needed is an Ethereum wallet address to start lending or borrowing loan. The token acts as an incentive in a way, as coin holders are given 25 discount on deployment fees across the platform.
HOW TO BUY ETHLEND (LEND)?
ETHLend is Ethereum based and in ERC20 compliant and hence can be stored in any Ethereum wallet. We will sue MyEtherWallet for this article. Create a wallet account and then buy some BTC/ETH if you don’t have them already. You can use Coinbase to buy them. After that go to exchange like bInance and deposit the bought BTC/ETH into the exchange account. Then exchange it for LEND tokens from the exchange and store it in the wallet created earlier.