Review on Loon Network by Kehinde Oluwakemi
A lender platform
Loon Network (LOON) a platform that is planning to build up an inter-blockchain decentralized loan Network, I which the users can choose to buy LOON to repay interest from the market immediately after mortgage loan. And if the value of LOON when the load I repaid, the platform will only recover the loon equivalent to the interest portion, and the value-added portion will be returned to the
On recommended mining,. The recommender pays loon equivalent to the annualized interest on the mortgage loan on the loon platform. The recommender will later receive a certain percentage of LOON rewards accordingly in mining and quickly promote the explosive business of loan increase
Pros
- The user can not repay increase value of LOON when the loan is repaid
- Low transaction fee.
- Reward credit data submitted.
- Community governance
- Credit data cross-chain reference.
Cons
- The platform can not recover increase value of loon when the loan is repaid
