Review on Lendingblock by Robiul Islam
The team behind the project really stand out here and we can’t see any major…
The team behind the project really stand out here and we can’t see any major weak points in their business model. It aims to create a better lending solution for the blockchain economy. You borrow cryptocurrency or lend cryptocurrency through the platform. It’s all accessible through a mobile app or a desktop interface. You can transfer value between blockchains, using the native Lendingblock token to do so.
Updated 5 years ago
Rating has not been changed
Recently Lendingblock announce a partnership news with Caspian, the leading crypto trading, portfolio and risk management platform in order to strengthen the crypto lending infrastructure for wider institutional adoption. Also Chainalysis By partnering with Chainalysis, Lendingblock is augmenting existing in-house KYC standards and enforcing due diligence processes, thus protecting its institutional client base including hedge funds, trading houses, exchanges, and market makers, while also supporting the progression of regulatory frameworks. By proactively establishing strong anti-money laundering (AML) and combating the financing of terrorism (CFT) procedures, companies like Lendingblock will be prepared for regulatory enforcement and stay ahead of the competition.
Pros
- •The project is backed by a solid team with strong connections with financial institutions. •It takes a different approach when it comes to attracting lenders. •LND tokens are being used to pay interests on the loans. •LendingBlock is a bit different from competitors such as Nexo, Salt, Ethlend, etc. •Users of those wallets will have an option to lend their cryptocurrency out in return for a rate of return.
Cons
- •LendingBlock is a centralized application which we believe do not benefit greatly from the use of blockchain. •The LendingBlock website doesn’t really have a huge amount of information available on the homepage.
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Comments (1)
October 27, 2022
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lendingblock is a scum and not careing reputation platform.
Without any signals they have blocked both ucrainian and russian users and have stealed they money.
(notice: sunctions has been against only russians).
Never give them money!
