Review on Bonorum by Robiul Islam
It is a crypto loan platform.
It is a P2P lending and borrowing platform that enables easy processing in cryptospace in compliance with strict global KYC and AML standards.
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Their purpose is to disburse instant crypto-backed loans to make your crypto assets more efficient than the assets used for specific purposes. Most crypto owners have no option but to trade their crypto assets for a profit. The lending platform allows communities to enjoy full ownership of their digital assets while having instant access to cash when needed.
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Instant crypto-based loans are the most expensive way to gain flexibility and liquidity, protected by the value of your digital assets in just a few simple clicks. These blockchain-enabled loans are transparent and come with no hidden fees, no taxes, no credit checks and no reliance on scores.
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Pros
- The platform uses its Coin to pay or charge interests on dollar loans therefore it does not affect your HODL ratio.
- Users who pay interest using its Coin on their loans receive up to 25% discount on all interest payments.
- The top members with the largest holdings will be entitled to additional benefits like dedicated customer support, premium invites to top events, meet ups with the team and exclusive events only for the top holder community.
Cons
- Their platform has not yet been launched.
- They have no whitepaper yet, but have a green paper.
