WITH THE RECENT SUCCESS AND EPIC FAILURES OF LENDING PLATFORMS IN RECENT MONTHS...MOST NOTABLY, THE LAST SIX MONTH ESPECIALLY...OUT OF THE SMOKE COMES A SHINNING LIGHT OF HOPE AND POSSIBLE FINACIAL REDEMTION, AND IT'S NAME IS THORN COIN. BY NOW WE IN THE CRYPTO SPACE, AT LEAST WHEN IT COMES TO THE LENDING SPACE NICHE HAVE HEARD OR FOR A LOT...FELT THE BLOW DEALT BY THE LIKES OF BITCONNECT...AND POWERFUL LENDING PLATFORM THAT PROMISED GOLD AT THE END OF WHAT SEEMED TO BE A NEVER ENDING RAINBOW WITH MONEY TREES SPAWNING DOLLAR BILLS DAILY. THIS OF COURSE PROMPTED MOST AMERICAN NEWBIE INVESTORS TO CONTRACT THE GREEN EYED SICKNESS...BETTER KNOWN AS GREED.
THIS PLATFORM OFFERED WHAT SEEMED TO BE A WAY OUT OF THE RAT RACE OF 9-5 LIVING, STUPID MANAGMENT, EARLY MORNINGS AND LATE NIGHTS, MISSED BASEBALL GAMES, AND QUALITY TIME WITH FAMILY. IN MY HUMBLE OPINION, THIS IS WHERE MOST OF THE SO CALLED GREED CAME FROM....
IT WAS THE DRIVING FORCE BEHIND A HUSBAND WITH 2 CHILDREN TAKING OUT EQUITY OF HIS HOME AND INVESTING IT INTO A PLATFORM PROMISSING MOSTER RETURNS IN A SHORT AMOUNT OF TIME. IT WAS A WAY FOR A DISGRUNTLED GUY IN HIS MID 20'S TO FINALLY STICK IT TO HIS PISS POOR FRIENDS THAT ALWAYS TEASED HIM FOR NOT HAVING A CAR, HE HATED BEING LAUGHED AT BECAUSE HE HAD TO CATCH THE BUS TO HIS SHITTY FAST FOOD OR RETAIL JOB. MAYBE IF HE COULD THROW $500.00-$1,000.00 OF HIS HARD EARNED MONEY INTO THIS PLATFORM...HE COULD QUIT HIS SHITTY JOB, AND NOT ONLY THAT...HE COULD DO IT IN STYLE, BY PULLING UP IN A BRAND NEW RIDE AND STUNT ON HIS BOSS, AND THE STUCK UP CASHIER CHICK HE'S BE TRYING TO TAKE OUT FOR MONTHS. WE'VE HEARD THE HORROR STORIES, ALL THE REPORTS OF PEOPLE THAT TOOK TREMENDOUS LOSSES AND THE HAD OF THIS PONZI. ALSO TO ADD INSULT TO INJURY...OTHER PLATFORM EMERGED DAMN-NEAR DAYS AFTER THE BITCONNECT GIANT WENT DOWN FOR THE COUNT...MOST NOTABLY "DAVOR"...WHICH HAD A SIMILAR SMELL TO IT RIGHT AWAY...AND TRUE TO FORM CAME OUT SWINGING AS IT HAD AN METORIC RISE IN POWER AND POPULARITY...THE ICO HAD A STRONG BUZZ AND WHEN THE EXCHANGE OPENED UP...THE COIN HAD A CRAZY BULL RUN FROM $14.00 TO A CRAZY $175.00 IN JUST 17 DAYS...YES 17 DAY "COTDAMN".
STILL IN ALL THINGS...TIME WAS UNDEFEATED ONCE AGAIN...AS ALLEGED DDOS ATTACKS AND A CEASE AND DESIST LETTER FROM THE TEXES SECURITIES BOARD DEALT A STRANGE AND FAMILIAR BLOW TO THIS NEWCOMER IN THE LENDING SPACE...AND WELL, AS THE SAYING GOES...IT'S ALWAYS THE PUNCH YOU DON'T SEE THAT KNOCKS YOU DOWN.
SINCE THE DOMINANCE AND DEFEAT OF THE GIANTS OF THE LENDING SPACE...PLATFORMS HAVE HAD TO REVAMP HOW THEY DO THINGS...AND DURING THIS REVAMPING PHASE...PLATFORM AFTER PLATFORM HAS EMERGED OUT OF THE ETHER "NO PUN INTENTED"...AND SME HAVE DONE WHAT THEY'VE SAID...BUT MOSTLY IT'S BEEN A LOT OF EXIT SCAMS AND DELAYS.
AND....THEN....CAME "THORNCOIN"...THE ONLY PLATFORM...IMO THAT HAS DONE A LOT, IF NOT EVERYTHING RIGHT UP TO THIS POINT...BEING AS TRANSPARENT AS POSSIBLE WITH IT'S USERS...PLACING RESTRICTIONS ON CRYPTO SENSITIVE COUNTRIES...NOTHING A LIL ROUND ABOUT ACTION CAN'T SOLVE. THEY'VE MADE QUICK CHANGES AND STRIDES THAT SHIT ON THE EFFORTS OF ANY OTHER LENDING PLATFORM OUT IN THE MARKET AS OF NOW...THEY CHANGE THE TRADITIONAL MODEL OF LENDING... TO A MORE EFFECIENT STAKING ONLY PLATFORM...WHICH IS TOTALLY LEGAL.
I SUSPECT ALL EYES ARE ON THORNCOIN RIGHT NOW...OTHR PLATFORMS ARE INDEED WATCHING THE MOVES OF THIS ONE...AND IF THEY'RE SMART...TAKING NOTES.
THORN HAS A SMALL LIMITED SUPPLY 9,000,000 TOKENS...6,200,000 OF WHICH WERE ALREADY SOLD IN THE ICO...
"ONE OF THE HARDEST ICO'S TO GET INTO ON RECORD"...AND IF THEY CAN KEEP THIS SMALL SUPPLY OF COINS CIRCULATING IN AND OUT OF THE PLATFORM EFFECIENTLY..WE COULD WITNESS THE VERY FIRST TRULY SUCCESSFUL PLATFORM WITH REAL SUSTAINABILY...AT LEAST THE LOGEST TO DATE
THIS IS JUST MY HIMBLE OPINION...WRITTEN IN MY OWN WORDS...AND THOUGHTS
-I APPRECIATED ANY AND ALL UPVOTES FROM THE STEEMIT COMMUNITY...PLEASE COMMENT AND GIVE ME FEEDBACK...THIS CRYPTO COMMUNITY IS DOPE TO ME, FULL OF PEOPLE FROM ALL WALKS OF LIFE, RACES, CREEDS...ETC
ID LOVE TO HEARD THOUGHTS ON THIS SUBJECT OF LENDING PLATFORMS...OR CRYTO IN GENERAL...
I JOINED STEEMIT TO WRITE ABOUT THE THINGS THAT INTREST ME, MAKE FRIENDS, AND GAIN KNOWLEGE FROM OTHER BRAINS OF THE WORLD...GRATITUDE IN ADVANCE-THA BUILDER
