Lendxcoin or Xcoin is a powerful P2P lending project to lend and borrow money with a little time, high success, transparent loan and without proving your loans. Xcoin will be the link between lenders and borrowers by smart contracts and blockchain technology.
All the necessary works like connecting lenders and borrowers, checking information about lenders borrowers, checking loans, verifying P2P list to insuring loans.
Most importantly, users can control the loans amount, can choose the lending period of his own, also set the interest rate for lending and time to receive interest. The highest interest rate can be set at 40%/month.
To lend on the system, you need an account and Xcoin cash in your wallet. First, you have to create a lending agreement on P2P exchange. Then, you use Xcoin to lend. To borrow on the system, you need an account and should upload and verify all documents required by the system, after that you can create a loan contract on the system.
After that, your Credit score will automatically be assessed by the system based on the history of lending and borrowing, the highest rating scale is 10-star scale. This score will assess the creditworthiness of lenders and borrowers. The higher credit score you have, the easier you can borrow large loans
How many token units a you gets per wei.
The rate is the conversion between wei and the smallest and indivisible token unit. So, if you are using a rate of 1 with a DetailedERC20 token with 3 decimals called TOK, 1 wei will give you 1 unit, or 0.001 TOK.
You can get Xcoin for free by joining their bounty campaign started on 8th Oct, 2018 and will end on 20th Oct, 2018 (according to Time zone UTC - 4) All members can participate and receive maximum 130 Xcoin/user equal to $195 The missions are really simple. For participation, you have to open an account and visit Bounty area on their website Lendxcoin.co
